Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Corning fell 27 cents (-2.2%) to $11.82 on average volume. Throughout the day, 17.6 million shares of Corning exchanged hands as compared to its average daily volume of 13.4 million shares. The stock ranged in price between $11.81-$12.16 after having opened the day at $12.05 as compared to the previous trading day's close of $12.09. Other companies within the Electronics industry that declined today were:
), down 17.3%,
), down 16.9%,
), down 14.4%, and
), down 13.5%.
- ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
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 $18.09 billion and is part of the technology sector. The company has a P/E ratio of 9.6, above the average electronics industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 6.4% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Corning a buy, three analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Corning as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
- You can view the full Corning Ratings Report.
On the positive front,
), up 26.2%,
), up 11.7%,
), up 10.2%, and
), up 10.2%, were all gainers within the electronics industry with
) 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
) while those bearish on the electronics industry could consider
- Find other investment ideas from our top rated ETFs lists.
FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!
Free download now