3. As of noon trading, Corning ( GLW) is down $0.18 (-1.4%) to $12.72 on light volume Thus far, 3.3 million shares of Corning exchanged hands as compared to its average daily volume of 15.7 million shares. The stock has ranged in price between $12.67-$12.94 after having opened the day at $12.92 as compared to the previous trading day's close of $12.90.

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 $18.8 billion and is part of the technology sector. The company has a P/E ratio of 11.1, below the S&P 500 P/E ratio of 17.7. Shares are up 1.3% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Corning a buy, 3 analysts rate it a sell, and 7 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 attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Corning Ratings Report now.

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