3 Electronics Stocks Dragging The Industry Down
2. As of noon trading, Corning ( GLW) is down $0.99 (-5.4%) to $17.23 on heavy volume. Thus far, 25.1 million shares of Corning exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $16.55-$17.64 after having opened the day at $17.01 as compared to the previous trading day's close of $18.22. Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $26.4 billion and is part of the technology sector. The company has a P/E ratio of 15.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.2% year-to-date as of the close of trading on Monday. Currently there are 7 analysts that rate Corning a buy, 1 analyst rates it a sell, and 5 rate it a hold. TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Corning Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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