1. As of noon trading, Corning ( GLW) is up $0.18 (1.24) to $15.06 on average volume Thus far, 6.1 million shares of Corning exchanged hands as compared to its average daily volume of 13.2 million shares. The stock has ranged in price between $14.83-$15.25 after having opened the day at $14.83 as compared to the previous trading day's close of $14.88.

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 $21.9 billion and is part of the technology sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 17.9% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Corning a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Corning as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Corning Ratings Report now.

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A reminder about TheStreet Ratings group: 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.
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