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Corning Incorporated (NYSE: GLW) – Is this large market cap stock undervalued?

Corning Incorporated (NYSE: GLW), is firmly in the large market cap category with market cap of 24365.13. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Corning Incorporated is 23.12 (with a change from open of -0.26%), this in conjunction with a target price of 22.43. Volume today has so far reached 4063079, with an average volume of about 9294.68. The GAP for this stock, is -0.98%.

The P/E ratio is 12.85, bringing the forward P/E to a value of 14.44. The current EPS for Corning Incorporated, is 1.82, with a EPS growth for this year coming to a value of -42.40%. Performance has been interesting with performance year to date coming to 30.65%.

Looking further into the growth statistics for Corning Incorporated, EPS is looking like it will grow 14.40% in the next year. Looking even further it is projected to be 15.00%. Quarter over quarter is 410.50% for EPS growth and for sales growth quarter over quarter it is 0.70%. Looking at past EPS growth statistics we see that for the past five years it has been -15.00%. Sales growth for the past five years has in fact been 6.60%.

Looking at the ownership, we see that the insider ownership is at 0.10% and institutional ownership is 77.00%. Shares outstanding is 1040.8, while shares float is at a value of 1034.17. Float short for Corning Incorporated is 7.22% and the short ratio is 8.04.

In terms of debt, long term debt/equity is 0.23, while the total debt/equity comes to 0.24. The ability to meet these debts, means that the current ratio is 4.4, and the quick ratio is 3.8. The most recent gross margin is 38.90% and their operating margin is 10.10%. The profit margin is 24.40%.

Corning Incorporated has seen returns on assets of 7.50%, and on investment, 5.60%. Return on equity is 13.00%. Price/Earnings to growth ratio is 0.86. Price/Sales ratio is at a value of 2.73, with Price/book ratio coming to 1.43 and Price/cash is *TBA, and finally Price/Free cash Flow is 83.16.

The simple moving averages are 1.00% and 14.24% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -3.51% and the 52 week low is 46.23%.

Corning Incorporated has a dividend yield of 2.31%, with a current price of 23.12. The ability to pay this means the payout ratio is 25.10%. This is in an industry, Diversified Electronics, with equally high dividends from other companies in this sector, which it is Technology. Corning Incorporated is based in USA.

Performance in the Diversified Electronics industry means that Corning Incorporated has seen performance for the past week of -1.64%, with performance for the month coming to 4.74%. Looking at the data for the quarter it is at a value of 9.95%, and for the half year the performance is 42.40%. Volatility for this week is 1.14% and for the month this is 1.26%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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