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 higher today making it today's featured electronics winner. The industry as a whole closed the day down 0.8%. By the end of trading, Corning rose $0.36 (2.1%) to $17.55 on average volume. Throughout the day, 13,899,039 shares of Corning exchanged hands as compared to its average daily volume of 11,082,300 shares. The stock ranged in a price between $17.13-$17.65 after having opened the day at $17.17 as compared to the previous trading day's close of $17.19. Other companies within the Electronics industry that increased today were: Sevcon ( SEV), up 30.3%, Kimball International ( KBALB), up 13.6%, Nanometrics Incorporated ( NANO), up 7.0% and Wi-Lan ( WILN), up 6.1%.
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. Shares are down 3.5% year to date as of the close of trading on Tuesday. Currently there are 7 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.