Corning Incorporated (NYSE:GLW) engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company’s Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company’s Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company’s Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
- Market Cap: 29.10B
- PE Ratio: 27.49
- EPS: 1.28
- Dividend Yield: 3.07%
- Analyst Rating: 3 Strong Buy, 3 Buy, 8 Hold, 2 Underperform. Average analyst rating is Buy (1.9)
Corning is a manufacturer of glass, ceramics and related materials, most of which now goes toward display, environmental and telecommunications technology. The company is the leading manufacturer of the glass used in liquid crystal displays (LCD). In October 2012, Corning’s board of directors declared a 20% increase in the company’s quarterly common stock dividend. Although Corning’s faced some choppy revenue and a decrease in net margins over the last few years, the strength of its dividend suggests that management’s confidence in the company is growing. GLW is a good dividend tech stock for long term investment.