Corning (GLW) Receiving Somewhat Favorable Press Coverage, Report Shows
Media stories about Corning (NYSE:GLW) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Corning earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 46.956382559264 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Corning Incorporated (GLW) – Unusual Volume Stock to Focus – Wall Street Morning (wallstreetmorning.com)
- Saudi Telecom Company chooses Corning for FTTH fiber infrastructure (lightwaveonline.com)
- Corning opens new fiber-optic manufacturing facility in Newton, NC (laserfocusworld.com)
- Analysts Set Expectations for Corning Incorporated’s FY2018 Earnings (GLW) (americanbankingnews.com)
- Corning Incorporated Forecasted to Earn Q3 2018 Earnings of $0.47 Per Share (GLW) (americanbankingnews.com)
Corning (NYSE GLW) opened at $29.82 on Thursday. Corning has a one year low of $26.31 and a one year high of $35.10. The firm has a market cap of $25,920.00, a P/E ratio of -37.75, a price-to-earnings-growth ratio of 4.45 and a beta of 1.34. The company has a current ratio of 2.75, a quick ratio of 2.22 and a debt-to-equity ratio of 0.35.
A number of equities analysts recently issued reports on GLW shares. Oppenheimer reissued a “hold” rating on shares of Corning in a research note on Wednesday, January 31st. ValuEngine raised shares of Corning from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Guggenheim reissued a “buy” rating on shares of Corning in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of Corning from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Finally, Citigroup increased their price target on shares of Corning from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.47.
In other Corning news, Director Deborah Rieman sold 2,083 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $32.16, for a total transaction of $66,989.28. Following the completion of the transaction, the director now owns 102,896 shares of the company’s stock, valued at $3,309,135.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Lawrence D. Mcrae sold 51,676 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $32.42, for a total transaction of $1,675,335.92. Following the transaction, the insider now directly owns 136,032 shares of the company’s stock, valued at approximately $4,410,157.44. The disclosure for this sale can be found here. 0.59% of the stock is currently owned by company insiders.
Corning Company Profile
Corning Incorporated is engaged in manufacturing specialty glass and ceramics. Its segments include Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences and All Other. The Display Technologies segment manufactures glass substrates for flat panel liquid crystal displays (LCDs).
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