Corning (NYSE:GLW) Stock Price Up 2.5% – Here’s What Happened

Posted by Geri Gentry on Sep 19th, 2026

Corning Incorporated (NYSE:GLW – Get Free Report)’s share price was up 2.5% on Thursday . The stock traded as high as $155.75 and last traded at $147.7390. 8,322,763 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 12,440,776 shares. The stock had previously closed at $144.16.

Key Stories Impacting Corning

Here are the key news stories impacting Corning this week:

Positive Sentiment: Corning and Verizon signed a multiyear, multibillion-dollar supply agreement running through 2032. The deal covers high-density optical fiber and connectivity products for broadband expansion and next-generation AI infrastructure, strengthening visibility into future demand. Corning Verizon fiber agreement
Positive Sentiment: Corning and industry partners completed the SDM4 Multicore Fiber specification, creating a common technical framework for high-density, multi-vendor optical links in AI data centers. The development supports Corning’s long-term positioning in a rapidly expanding market. Corning SDM4 multicore fiber specification
Positive Sentiment: Investors are also responding to Corning’s expanding partnerships with Meta, Amazon, NVIDIA and Verizon, which could broaden opportunities as AI-related networking and data-center spending grows. Corning expanding partner base
Positive Sentiment: Optical-equipment stocks broadly moved higher, indicating sector-wide enthusiasm for AI infrastructure and optical-network demand rather than a Corning-specific catalyst alone. Optics stocks extend gains
Neutral Sentiment: Jim Cramer advised investors to wait for Corning to fall further rather than trim profitable positions immediately. His comments may influence short-term sentiment but do not change the company’s fundamentals. Jim Cramer comments on Corning
Negative Sentiment: Recent filings tracked in the coverage show seven insider sales and no purchases over six months, including sales by senior executives. This may raise caution about valuation or near-term upside, although insider selling can reflect planned diversification.
Negative Sentiment: Pomerantz announced an investigation referencing Corning, but the notice appears to contain a ticker inconsistency—identifying the company as “COO” rather than GLW—so its relevance to Corning investors is unclear. Pomerantz investor alert

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GLW shares. Zacks Research lowered Corning from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price target on Corning from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. China Renaissance raised Corning from a “hold” rating to a “buy” rating and set a $238.00 price objective for the company in a report on Tuesday, September 8th. Oppenheimer lowered their target price on shares of Corning from $230.00 to $200.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. Finally, Morgan Stanley cut their price target on shares of Corning from $180.00 to $165.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 29th. Twelve research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.50.

View Our Latest Stock Report on Corning

Corning Stock Up 1.6%

The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.24 and a current ratio of 1.81. The firm has a market cap of $129.29 billion, a PE ratio of 68.54, a PEG ratio of 1.89 and a beta of 1.16. The company’s 50-day simple moving average is $154.25 and its two-hundred day simple moving average is $166.04.

Corning (NYSE:GLW – Get Free Report) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.76 by $0.02. Corning had a net margin of 11.20% and a return on equity of 20.09%. The firm had revenue of $4.74 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the company posted $0.60 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Corning has set its Q3 2026 guidance at 0.850-0.890 EPS. On average, analysts predict that Corning Incorporated will post 3.28 earnings per share for the current fiscal year.

Corning Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $1.12 annualized dividend and a yield of 0.7%. Corning’s dividend payout ratio is 51.14%.

Insider Transactions at Corning

In related news, EVP Lewis Steverson sold 13,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $151.29, for a total transaction of $1,981,899.00. Following the transaction, the executive vice president owned 15,052 shares in the company, valued at $2,277,217.08. This represents a 46.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.25% of the company’s stock.

Hedge Funds Weigh In On Corning

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Corning by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 20,411,824 shares of the electronics maker’s stock valued at $1,781,250,000 after buying an additional 517,067 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Corning by 29.2% in the second quarter. Bank of America Corp DE now owns 18,730,616 shares of the electronics maker’s stock valued at $4,784,361,000 after purchasing an additional 4,231,507 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Corning by 52.7% in the 4th quarter. Capital Research Global Investors now owns 16,890,802 shares of the electronics maker’s stock worth $1,478,959,000 after buying an additional 5,831,873 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Corning by 50.9% during the 2nd quarter. Wellington Management Group LLP now owns 13,174,194 shares of the electronics maker’s stock valued at $3,365,084,000 after buying an additional 4,446,514 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Corning in the 4th quarter valued at about $921,435,000. 69.80% of the stock is currently owned by hedge funds and other institutional investors.

Corning Company Profile

(Get Free Report)

Corning Incorporated (NYSE: GLW) is a global materials science and technology company that develops specialty glass, ceramics and optical fiber products. Founded in 1851 and headquartered in Corning, New York, the company combines expertise in glass science, ceramics science, optical physics and manufacturing to serve communications, consumer electronics, automotive, life sciences and other industrial markets.

Corning’s products include optical fiber, cable and hardware used in telecommunications networks; cover glass and other components for mobile devices, laptops and other electronics; display glass for televisions and computer monitors; emissions-control products for automobiles and trucks; laboratory vessels and equipment; and specialty glass and ceramic products for industrial, semiconductor and aerospace applications.

The company serves customers worldwide through manufacturing, research and commercial operations across North America, Europe and Asia.