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Corning (GLW) Company Profile

Updated Jun 2, 2020
Corning has the following business profile:
Company's Full Name:Corning Inc.
Short Name:Corning
Trading Ticker Symbol:GLW
Primary Exchange:NYSE
Headquarter City/Country:Corning, New York
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Telecommunications Equipment
Main Business Areas: Basic Industries, Telecommunications EquipmentElectronic Components, Telecom, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Corning stock

Market and Trading Information for Corning

The following details were available for trading and market data about the stock of Corning as of writing:
Current Share Price:$23.88
Previous Year's Closing Price:$29.11
Percentage Price Change (YTD):-17.97%
Market Cap:$18.17 billion
52-week Price Range:$17.44 - $34.26
Dividend Per Share:$0.82
EPS (TTM):0.35
Price-Earnings (Trailing):68.82
Price-Earnings (Forward):14.3

Company Profile and Business Description for Corning

Corning Incorporated (Corning), incorporated on December 24, 1936, is engaged in manufacturing specialty glass and ceramics. The Company's segments include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. The Company provides glass for notebook computers, flat panel desktop monitors, liquid crystal display (LCD) televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; optical materials for the semiconductor industry and the scientific community, and other technologies. As of December 31, 2016, the Company had manufactured products at 98 plants in 17 countries.

Display Technologies

Corning's Display Technologies segment manufactures glass substrates for LCDs that are used in LCD televisions, notebook computers and flat panel desktop monitors. This segment develops, manufactures and supplies glass substrates using a fusion manufacturing process. Its automated process yields glass substrates with a pristine surface and thermal dimensional stability and uniformity. Its products include EAGLE XG, EAGLE XG Slim glass, Corning Willow Glass and Lotus Glass. EAGLE XG is the LCD glass substrate.

EAGLE XG is a LCD glass substrate that is free of heavy metals. EAGLE XG Slim glass is a line of thin glass substrates, which enables lighter-weight portable devices, and thinner televisions and monitors. Corning Willow Glass is used in consumer electronic technologies, including curved displays for immersive viewing or mounting on non-flat surfaces. This glass is also used in a range of non-display applications, such as decorative laminates for interior architecture and semiconductor packaging. The family of Corning Lotus Glass, display glass developed to enable technologies, including organic light-emitting diode (OLED) displays and LCDs. Corning has LCD glass manufacturing operations in South Korea, Japan, Taiwan and China.

Optical Communications

The Optical Communications segment is classified into two main product groupings: carrier network and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services, such as video, data and voice communications. The enterprise network group consists of optical-based communication networks sold to businesses, governments and individuals for their own use. Its carrier network product portfolio consists of an array of optical fiber products, including Vascade submarine optical fibers for use in submarine networks; LEAF optical fiber for long-haul, regional and metropolitan networks; SMF-28 ULL fiber for long-haul and regional networks; SMF-28e+ single-mode optical fiber that provides additional transmission wavelengths in metropolitan and access networks; ClearCurve ultra-bendable single-mode fiber for use in multiple-dwelling units and fiber-to-the-home (FTTH) applications, and Corning SMF-28 Ultra Fiber, designed for a range of long-haul, metro, access and FTTH network applications. A portion of its optical fiber is sold directly to end users and third-party cablers globally. Corning's remaining fiber production is cabled internally and sold to end users as either bulk cable or as part of an integrated optical solution. Corning's cable products support various outdoor, indoor/outdoor and indoor applications, and include a range of loose tube, ribbon and drop cable designs with flame-retardant versions available for indoor and indoor/outdoor use.

In addition to optical fiber and cable, its carrier network product portfolio also includes hardware and equipment products, including cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures, network interface devices and other accessories. These products may be sold as individual components or as part of integrated optical connectivity solutions designed for various carrier network applications. Its solutions include FlexNAP terminal distribution system, which provides pre-connectorized distribution and drop cable assemblies for deploying FTTH networks and the Centrix platform, which provides a fiber management system with jumper routing that can be deployed in a range of carrier switching centers.

Corning offers operator-grade distributed antenna systems (DAS), including Optical Network Evolution wireless platform. The ONE Wireless Platform (ONE) is the all-optical converged cellular and wireless-fidelity (Wi-Fi) solution built on an all-optical backbone with modular service support. In addition to its optical-based portfolio, Corning's carrier network portfolio also contains select copper-based products, including subscriber demarcation, connection and protection devices, x Digital Subscriber Line (xDSL) passive solutions and outside plant enclosures. In addition, Corning offers coaxial radio frequency (RF) interconnects for the cable television industry, as well as for microwave applications for global positioning system (GPS), radars, satellites, manned and unmanned military vehicles, and wireless and telecommunications systems.

Corning's enterprise network portfolio also includes optical fiber products, including ClearCurve ultra-bendable multimode fiber for data centers and other enterprise network applications; InfiniCor fibers for local area networks, and ClearCurve VSDN ultra-bendable optical fiber designed to support interconnects between computers and other consumer electronics devices. The remainder of Corning's fiber production is cabled internally and sold to end users as either bulk cable or as part of an integrated optical solution. Corning's cable products include a range of tight-buffered, loose tube and ribbon cable designs with flame-retardant versions available for indoor and indoor/outdoor applications.

Corning's hardware and equipment for enterprise network applications include cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and other accessories. These products may be sold as individual components or as part of integrated optical connectivity solutions designed for various network applications. It includes Pretium EDGE platform, which provides pre-connectorized solutions for data center applications; ONE, which spans both carrier and enterprise network applications, and optical connectivity solutions to support customer initiatives. Its optical fiber manufacturing facilities are located in North Carolina, China and India. Cabling operations are located in North Carolina, Germany, Poland, China and smaller regional locations. Its manufacturing operations for hardware and equipment products are located in Texas, Arizona, Mexico, Brazil, Denmark, Germany, Poland, Israel, Australia and China.

Environmental Technologies

Corning's Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications around the world. Corning manufactures substrate and filter products in New York, Virginia, China, Germany and South Africa. Corning sells its ceramic substrate and filter products to catalyzers and manufacturers of emission control systems who then sell to automotive and diesel vehicle or engine manufacturers.

Specialty Materials

As of December 31, 2016, the Specialty Materials segment manufactured products, which provided more than 150 material formulations for glass, glass ceramics and fluoride crystals. This segment operates in a range of commercial and industrial markets that include display optics and components, semiconductor optics components, aerospace and defense, astronomy, ophthalmic products, telecommunications components and cover glass that is optimized for portable display devices.

Its cover glass, known as Corning Gorilla Glass, is a thin sheet glass designed specifically to function as a cover glass for display devices, such as mobile phones, tablets and notebook personal computers (PCs). It offers Corning Gorilla Glass 5, which is designed to provide further protection against breakage. Corning Gorilla Glass is manufactured in Kentucky, South Korea, Japan and Taiwan. Semiconductor optics manufactured by Corning includes optical material products, optical-based metrology instruments and optical assemblies for applications in the global semiconductor industry. Corning's semiconductor optics products are manufactured in New York. Its other specialty glass products include glass lens and window components and assemblies and are made in New York, New Hampshire, Kentucky and France, and sourced from China.

Life Sciences

The Life Sciences segment develops, manufactures and supplies scientific laboratory products. Life Sciences laboratory products include consumables (plastic vessels, specialty surfaces and media), as well as general labware and equipment, that are used for cell culture research, bioprocessing, genomics, drug discovery, microbiology and chemistry. Corning sells life science products under primary brands, including Corning, Falcon, PYREX, Axygen and Gosselin. The products are marketed through distributors to pharmaceutical and biotechnology companies, academic institutions, hospitals, government entities and other facilities. Corning manufactures these products in the United States in Maine, New York, New Jersey, California, Utah, Virginia, Massachusetts and North Carolina, and outside of the United States in Mexico, France, Poland and China.

All Other

The All Other segment consists of Corning's Pharmaceutical Technologies business, non-LCD glass business, and product lines and development projects. It also includes certain corporate investments, such as Eurokera and Keraglass equity affiliates.

The Company competes with Asahi Glass Co. Ltd., Nippon Electric Glass Co. Ltd., Commscope, Prysmian Group, NGK Insulators, Ltd., Ibiden Co. Ltd., Schott, Heraeus, Thermo Fisher Scientific, Inc., Greiner Group AG, Eppendorf AG and Sarsedt AG.

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ETFs Holding Corning Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Corning stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Corning stock holding. There are a total of 136 ETFs in Fknol.com records which are holding Corning stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ACIMSPDR MSCI ACWI IMI ETFThe SPDR MSCI ACWI IMI ETF tracks a market-cap-weighted index of global stocks covering 98% of the capitalization of the developed and emerging markets. ...Full Details0.25%906
Full List
Semi-Annually
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
Semi-Annually
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
Semi-Annually
CSMProshares Large Cap Core PlusThe ProShares Large Cap Core Plus ETF tracks a long/short index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. ...Full Details0.45%320
Full List
Quarterly
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
Quarterly
DIVBiShares US Dividend and Buyback ETFThe iShares US Dividend and Buyback ETF tracks an index of large-, mid-, and small-cap US stocks that have a history of dividend payments and/or share buybacks. ...Full Details0.25%354
Full List
Annually
DLNWisdomTree US LargeCap Dividend ETFThe WisdomTree U.S. LargeCap Dividend Fund tracks a dividend-weighted index of the 300 largest US companies that pay regularly pay cash dividends. ...Full Details0.28%294
Full List
Monthly
DSIiShares MSCI KLD 400 Social ETFThe iShares MSCI KLD 400 Social ETF tracks a market-cap-weighted index of 400 companies deemed to have positive environmental, social and governance characteristics by MSCI. ...Full Details0.25%402
Full List
Quarterly
DTDWisdomTree US Total Dividend ETFThe WisdomTree U.S. Total Dividend Fund tracks an index of U.S. companies selected and weighted based on the dollar amount of dividends paid. ...Full Details0.28%864
Full List
Monthly
EPSWisdomTree US Earnings 500 ETFThe WisdomTree U.S. Earnings 500 Fund tracks an earnings-weighted index of the 500 largest US companies that have generated positive earnings in the past calendar year. ...Full Details0.28%493
Full List
Quarterly

See Full List of ETFs holding Corning stock in their respective portfolios.

Peer / Competitor Companies of Telecommunications Equipment Sector

Along with Corning Inc., the following other peer (competitor) companies also exist within the same Telecommunications Equipment - Basic Industries sector whose company profile and dividend history is as follows:

▶ 8x8 (EGHT): 8x8, Inc. (8x8), incorporated on October 24, 1996, provides cloud-based, enterprise-class software solutions. The Companys solutions are delivered through Software as a Service (SaaS) business model. The Company operates through ....See Detailed Company Profile,  Dividend History

▶ ADTRAN (ADTN): ADTRAN, Inc. (ADTRAN), incorporated on November 18, 1985, is a provider of networking and communications equipment. The Companys solutions enable voice, data, video and Internet communications across a range of ....See Detailed Company Profile,  Dividend History

▶ Alaska Communications (ALSK): Alaska Communications Systems Group, Inc., incorporated on October 13, 1998, is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale ....See Detailed Company Profile,  Dividend History

▶ America Movil SAB (AMOV): America Movil, S.A.B. de C.V. (America Movil), incorporated on October 13, 2000, is a holding company. The Company provides telecommunications services in approximately 30 countries. Its telecommunications services include mobile ....See Detailed Company Profile,  Dividend History

▶ America Movil SAB (AMX): America Movil, S.A.B. de C.V. (America Movil), incorporated on October 13, 2000, is a holding company. The Company provides telecommunications services in approximately 30 countries. Its telecommunications services include mobile ....See Detailed Company Profile,  Dividend History

▶ Anixter International (AXE): Anixter International Inc., incorporated on December 6, 1967, is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. ....See Detailed Company Profile,  Dividend History

▶ Asia Pacific Wire and Cable (APWC): Asia Pacific Wire & Cable Corporation Limited (APWC), incorporated on October 19, 1996, is a holding company that operates its business through operating subsidiaries and associates, which are principally located ....See Detailed Company Profile,  Dividend History

▶ AT&T (T): AT&T Inc., incorporated October 5, 1983, is a holding company. The Company and its subsidiaries provide communications and digital entertainment services in the United States and the world. The Company ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ Atento (ATTO): Atento S.A., incorporated on April 3, 2014, is a provider of customer-relationship management and business-process outsourcing (CRM BPO) services and solutions in Latin America. The Company offers a portfolio of ....See Detailed Company Profile,  Dividend History

▶ ATN International (ATNI): ATN International, Inc. (ATN), formerly Atlantic Tele-Network, Inc., incorporated on August 4, 1989, is a holding company. The Companys segments include U.S. Telecom, International Telecom and Renewable Energy. The Company, ....See Detailed Company Profile,  Dividend History

▶ AudioCodes (AUDC): AudioCodes Ltd. (AudioCodes), incorporated on November 22, 1992, designs, develops and sells Voice over-Internet Protocol (VoIP) and converged VoIP, and data networking solutions, products and applications that facilitate Unified Communications ....See Detailed Company Profile,  Dividend History

▶ B Communications (BCOM): B Communications Ltd., incorporated in 1999, is focused on the telecommunications industry. The Company has ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq). Bezeq is the principal provider ....See Detailed Company Profile,  Dividend History

▶ BCE Inc (BCE): BCE Inc., incorporated on August 1, 2004, is a communications company. The Company provides residential, business and wholesale customers with a range of solutions for all their communications needs. The ....See Detailed Company Profile,  Dividend History

▶ Belden (BDC): Belden Inc., incorporated on May 18, 1988, is a signal transmission solutions provider company. The Company operates through five segment: Broadcast Solutions (Broadcast), Enterprise Connectivity Solutions (Enterprise), Industrial Connectivity Solutions ....See Detailed Company Profile,  Dividend History

▶ Boingo Wireless (WIFI): Boingo Wireless, Inc., incorporated on April 16, 2001, is a provider of commercial mobile wireless fidelity (Wi-Fi) Internet solutions and indoor direct-attached storage (DAS) services. The Company operates as a ....See Detailed Company Profile,  Dividend History

▶ Calix (CALX): Calix, Inc. (Calix), incorporated on August 17, 1999, is a provider of broadband communications access systems and software for fiber- and copper-based network architectures that enable communications service providers (CSPs), ....See Detailed Company Profile,  Dividend History

▶ Cellcom Israel (CEL): Cellcom Israel Ltd., incorporated on January 31, 1994, is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and ....See Detailed Company Profile,  Dividend History

▶ CenturyLink (CTL): CenturyLink, Inc., incorporated on May 7, 1968, is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. The ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

▶ China Mobile Hong Kong (CHL): China Mobile Limited, incorporated on October 3, 1997, is engaged in the provision of telecommunications and related services. The Company offers certain Internet-related services, including mobile Internet, digital services, and ....See Detailed Company Profile,  Dividend History

▶ China Telecom (CHA): China Telecom Corporation Limited, incorporated on October 10, 2002, is an integrated information service provider in the Peoples Republic of China (PRC). The Company offers a range of telecommunications services, ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Telecommunications Equipment Sector.

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Stock List of Other Top-level Sectors

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