Corning Inc (GLW): Today's Featured Electronics Loser
(
) pushed the Electronics industry lower today making it today's featured Electronics loser. The industry as a whole closed the day down 0.8%. By the end of trading, Corning fell 7 cents (-0.5%) to $13.11 on average volume. Throughout the day, 12.6 million shares of Corning exchanged hands as compared to its average daily volume of 16.1 million shares. The stock ranged in price between $13.02-$13.29 after having opened the day at $13.16 as compared to the previous trading day's close of $13.18. Other company's within the Electronics industry that declined today were:
Dynasil Corporation of America
(
), down 18.5%,
(
), down 13.8%,
(
), down 9.1%, and
TheStreet Recommends
(
), down 8.7%.
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 $19.35 billion and is part of the
sector. The company has a P/E ratio of eight, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 1.8% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Corning a buy, four analysts rate it a sell, and six 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, 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, deteriorating net income and disappointing return on equity.
- You can view the full Corning Ratings Report.
On the positive front,
(
), up 15.2%,
(
), up 10%,
(
), up 8%, and
(
), up 7.4%, were all gainers within the electronics industry with
(
) being today's featured electronics industry winner.
- 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
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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