Corning ( GLW) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 1.3%. By the end of trading, Corning rose 95 cents (7.1%) to $14.30 on heavy volume. Throughout the day, 38 million shares of Corning exchanged hands as compared to its average daily volume of 18 million shares. The stock ranged in a price between $13.88-$14.32 after having opened the day at $14.05 as compared to the previous trading day's close of $13.35. Other companies within the Electronics industry that increased today were: Microvision ( MVIS), up 16.7%, Chipmos Technologies Bermuda ( IMOS), up 11.8%, Cirrus Logic ( CRUS), up 11%, and RF Micro Devices ( RFMD), up 8.8%. 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 $20.1 billion and is part of the technology sector. The company has a P/E ratio of 7.5, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2.9% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Corning a buy, four analysts rate it a sell, and four rate it a hold. TheStreet Ratings rates Corning as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures 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 weak operating cash flow.
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