Corning Inc (GLW): Today's Featured Electronics Laggard

Corning (GLW) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 1.2%. By the end of trading, Corning fell 6 cents (-0.5%) to $11.28 on light volume. Throughout the day, 9.9 million shares of Corning exchanged hands as compared to its average daily volume of 13.5 million shares. The stock ranged in price between $11.26-$11.42 after having opened the day at $11.38 as compared to the previous trading day's close of $11.34. Other company's within the Electronics industry that declined today were: Spire Corporation (SPIR), down 11.6%, Multi-Fineline Electronix (MFLX), down 8%, A123 Systems (AONE), down 7.7%, and Bel Fuse (BELFB), down 6%.

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Corning Incorporated produces specialty glasses, ceramics, and related materials worldwide. The company operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $16.72 billion and is part of the technology sector. The company has a P/E ratio of 7.9, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.5% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate Corning a buy, three analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Corning as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and a generally disappointing performance in the stock itself.

• You can view the full Corning Ratings Report.

On the positive front, Nexxus Lighting (NEXS), up 14.9%, Microvision (MVIS), up 12.8%, Mindspeed Technologies (MSPD), up 11.9%, and First Solar (FSLR), up 11.7%, were all gainers within the electronics industry with NVIDIA Corporation (NVDA) being today's featured electronics industry leader.

• Use our electronics section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Corning Inc click any of the following:

• Corning Inc Stock Price

• Corning Inc Analyst Ratings

• Corning Inc Key Stats & Profile

• Corning Inc Earnings

• Corning Inc Ratio Comparison

• Corning Inc Growth Rates

• Corning Inc Balance Sheet

• Corning Inc Cash Flow

• Corning Inc Income Statement