Corning Incorporated Intrinsic Value Calculator – Shapiro Capital Management LLC Increases Investment in Corning Incorporated
December 10, 2023
🌥️Trending News
Shapiro Capital Management LLC recently announced that it has increased its stake in Corning Incorporated ($NYSE:GLW), a global leader in the production of specialty glass, ceramics, and other materials for the consumer electronics, telecommunications, automotive, and life sciences industries. The company’s products are found in numerous everyday items from smartphones to automobiles, and it has become a major supplier for many of the world’s leading technology companies. Shapiro Capital Management LLC is a large asset manager that specializes in investments in the industrial sector. The increased investment appears to be a vote of confidence in the future prospects of Corning Incorporated, as the asset manager seeks to capitalize on the potential growth of the company.
Corning Incorporated has a strong history of innovation and is currently working on a number of projects to continue its growth. With Shapiro’s increased investment, Corning Incorporated appears to be well positioned to capitalize on new opportunities and continue its growth over the long-term.
Price History
The news comes ahead of what is expected to be a volatile trading day for the company’s stock. On Tuesday, Corning Incorporated‘s stock opened at $28.7 and closed at $28.5, a decline of 1.4% from the prior closing price of $28.9. This marks a notable swing from the minor gains the company saw on Monday.
Analysts are closely monitoring the stocks performance as investors make their decisions on whether to invest in Corning Incorporated. This news of increased investment from Shapiro Capital Management is likely to influence the decisions of other investors in the coming days. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corning Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 13k | 585 | 3.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corning Incorporated. More…
| Operations | Investing | Financing |
| 1.91k | -1.16k | -739 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corning Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.28k | 16.53k | 13.4 |
Key Ratios Snapshot
Some of the financial key ratios for Corning Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.5% | 70.9% | 9.0% |
| FCF Margin | ROE | ROA |
| 3.0% | 6.4% | 2.6% |
Analysis – Corning Incorporated Intrinsic Value Calculator
At GoodWhale, we have conducted an extensive analysis of CORNING INCORPORATED‘s wellbeing. Our proprietary Valuation Line shows that CORNING INCORPORATED’s intrinsic value is around $38.5. Yet, the current trading price of the stock is at $28.5, which results in a 26.1% undervaluation of the company. This presents a great opportunity for investors to invest in CORNING INCORPORATED and make significant returns on their investment in the long-term. More…
Peers
Corning Incorporated is one of the world’s leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives.
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Summary
Shapiro Capital Management LLC has recently increased its stock position in Corning Incorporated, indicating a bullish stance on the company. With these positive figures, investors may look favorably upon Corning Incorporated and consider investing in the company.
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