Corning Incorporated (NYSE:GLW) Has Adequate Strength To Move Forward, But Recent Performance Can Perplex

Boston, MA 10/25/2013 (wallstreetpr) – Corning Incorporated (NYSE:GLW) displayed what analysts have called perilous reversal in that on Wednesday, October 23, it was up big by 14.1% only to crash down the following day to settle at $17.48. This performance has perplexed investors. However, in this unprecedented dip, GLW has potential to return dollar value to investors in the coming quarters. Currently 16 analysts have rated GLW; one has a sell tag on its stock, six have issued hold and nine have a buy on it.

Promising strengths in GLW can be seen in its solid financial position and its reasonable debt levels. It has also exhibited increase in EPS and stock value in the past year. The company’s strengths can also be seen in its expanding profit margins and revenue growth. So if compared against the perceived weaknesses like the poor return on equity, it can be seen that these strengths outweigh any such weaknesses. Since a year ago, GLW has had revenue growth of 3.9% compared to the industry average of 2.1% over the same period. With increase in revenue, the company has also had boosted per share earnings in the one year period.

With a quick ratio of 4.24, GLW demonstrates its ability to cover short-term cash needs. Also, the company’s debt-to-equity ratio of 0.14 is below the industry average which in essence means that it has had successful management of its debt levels.  For the margins, GLW has higher than industry average for both gross profit and net profit margins. Currently, its gross profit margin is 56.76% while its net profit margin is 32.18%. All these by far exceed the industry average, indicating the company’s good financial standings.

The stock of GLW has had good rising in the past 12 months. In fact, just a day ago it went up with a significant margin. It cannot be said that the stock has exhausted its upward movement strength. Considering the environment of GLW, its stock demonstrates strong ability to climb up in a very impressive way.

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Published by Van Bettauer

Van Bettauer is a financial aficionado from Vancouver, British Columbia. He currently studies at UBC, pursuing a Bachelors of Science degree. Van has been freelance writing for many years, specializing in copywriting, report writing and article writing. The combination of his scientific studies and writing experience brings a new and fresh perspective to the financial world. Visit Bettauer's Google+ page at the following address:

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