Corning Inc (GLW): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Corning ( GLW) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Corning fell $0.28 (-1.6%) to $16.78 on average volume. Throughout the day, 14,717,447 shares of Corning exchanged hands as compared to its average daily volume of 13,775,200 shares. The stock ranged in price between $16.63-$16.98 after having opened the day at $16.98 as compared to the previous trading day's close of $17.06. Other companies within the Electronics industry that declined today were: Camtek ( CAMT), down 20.4%, Eltek ( ELTK), down 11.6%, LDK Solar Company ( LDK), down 7.3% and Uni-pixel ( UNXL), down 7.0%.

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 $24.7 billion and is part of the technology sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 35.3% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Corning a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Corning as a buy. 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, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Luna Innovations ( LUNA), up 15.4%, Netlist ( NLST), up 8.8%, Quicklogic Corporation ( QUIK), up 5.5% and Sequans Communications ( SQNS), up 4.3% , were all gainers within the electronics industry with Micron Technology ( MU) being today's featured electronics industry leader.

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 ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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