Key Points
- CFO insider sale: Edward Schlesinger sold 21,104 shares on Jan 29 at an average of $104.55 (~$2.21M), trimming his stake by about 27.8% to 54,780 shares.
- Quarterly beat and guidance: Corning reported Q4 EPS of $0.72 on $4.41B revenue (above estimates), raised its Springboard plan and set Q1 2026 EPS guidance of $0.660–0.700; analysts’ consensus is a "Moderate Buy" with a $110.91 target.
- Business drivers and market reaction: A multiyear agreement with Meta (up to $6B) and strong optical-communications demand support revenue visibility, but the stock has experienced short-term profit-taking and a modest pullback.
Corning Incorporated (NYSE:GLW - Get Free Report) CFO Edward Schlesinger sold 21,104 shares of the company's stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $104.55, for a total value of $2,206,423.20. Following the completion of the transaction, the chief financial officer directly owned 54,780 shares in the company, valued at $5,727,249. This trade represents a 27.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Corning Stock Down 1.3%
GLW stock opened at $102.97 on Friday. Corning Incorporated has a 1-year low of $37.31 and a 1-year high of $113.99. The business has a fifty day moving average price of $89.46 and a 200-day moving average price of $79.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.00. The stock has a market capitalization of $88.29 billion, a P/E ratio of 55.96, a P/E/G ratio of 1.83 and a beta of 1.13.
Corning (NYSE:GLW - Get Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Corning had a return on equity of 18.72% and a net margin of 10.21%.The company had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.35 billion. During the same period last year, the firm posted $0.57 earnings per share. Corning's revenue was up 13.9% compared to the same quarter last year. Corning has set its Q1 2026 guidance at 0.660-0.700 EPS. Equities analysts forecast that Corning Incorporated will post 2.33 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on GLW. Weiss Ratings downgraded shares of Corning from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Wall Street Zen upgraded Corning from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Barclays set a $100.00 price objective on Corning in a report on Thursday. Fox Advisors downgraded Corning from an "overweight" rating to an "equal weight" rating in a report on Thursday. Finally, Wolfe Research set a $130.00 price target on Corning and gave the company an "outperform" rating in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.91.
Read Our Latest Stock Analysis on Corning
Institutional Trading of Corning
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Corning during the 3rd quarter valued at about $25,000. REAP Financial Group LLC raised its stake in Corning by 191.5% during the 2nd quarter. REAP Financial Group LLC now owns 516 shares of the electronics maker's stock worth $27,000 after acquiring an additional 339 shares during the period. Strengthening Families & Communities LLC purchased a new position in Corning during the third quarter valued at approximately $27,000. Total Investment Management Inc. bought a new position in shares of Corning in the second quarter worth approximately $28,000. Finally, Cornerstone Planning Group LLC increased its stake in shares of Corning by 58.5% in the third quarter. Cornerstone Planning Group LLC now owns 336 shares of the electronics maker's stock worth $30,000 after purchasing an additional 124 shares in the last quarter. Hedge funds and other institutional investors own 69.80% of the company's stock.
Key Headlines Impacting Corning
Here are the key news stories impacting Corning this week:
- Positive Sentiment: Large multiyear agreement with Meta (up to $6B) to accelerate U.S. data‑center buildout adds revenue visibility for Corning’s optical business and supports manufacturing expansion. Read More.
- Positive Sentiment: Q4 results beat: $0.72 EPS on $4.41B revenue (optical communications up sharply), and management raised the Springboard plan — fundamentals point to sustained Gen‑AI / data‑center demand. Read More.
- Positive Sentiment: Several brokers raised targets/ratings (Susquehanna to $125, Citi to $120, JPMorgan to $115), reflecting bullish analyst expectations and providing upside catalysts. Read More.
- Neutral Sentiment: Media and analysts highlight GLW as an AI/data‑center beneficiary (Zacks, Jim Cramer commentary urging holders to stay invested) — supportive narrative but already partly priced in after the recent run. Read More.
- Neutral Sentiment: Company issued Q1 2026 EPS guidance of $0.660–0.700 and said Q1 sales should be above estimates — guidance is generally inline-to‑slightly constructive but not a surprise. Read More.
- Negative Sentiment: CFO Edward Schlesinger sold 21,104 shares (~$2.2M), reducing his stake by ~28% — an insider sale that some investors interpret as a near‑term bearish signal (or simply diversification). Read More.
- Negative Sentiment: After the spike to record highs on the Meta news and earnings, the stock has seen short‑term profit‑taking and a pullback noted by several outlets — likely the proximate cause of today’s decline. Read More.
About Corning
(
Get Free Report)
Corning Incorporated is a global manufacturer specializing in specialty glass, ceramics and related materials and technologies. Headquartered in Corning, New York, the company supplies engineered materials and components used across multiple industries, including consumer electronics, telecommunications, automotive emissions control, pharmaceutical and life sciences, and industrial and scientific applications. Corning emphasizes materials science and precision manufacturing to develop durable, high-performance glass and ceramic products.
Key product lines include specialty display glass used by television and mobile-device manufacturers, cover glass marketed under well-known trade names for smartphones and tablets, and optical fiber and cable and related hardware for telecommunications networks.
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