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Is Corning Inc.(NYSE: GLW), a large market cap stock a smart buy?

With a market cap of has a large market cap size. Corning Inc. (NYSE: GLW) has been on the stock market since its IPO date on the 12/31/1981. Corning Inc. is in the Diversified Electronics industry and Technology sector. Average volume for Corning Inc., is 8612.91, and so far today it has a volume of 14177600. Performance year to date since the 12/31/1981 is 27.02%.

To help you determine whether Corning Inc. is undervalued the following values will help you decide. P/E is 12.49 and forward P/E is 14.03. PEG perhaps more useful shows that Corning Inc. has a value for PEG of 0.83. P/S ratio is 2.71 and the P/B ratio is 1.39. The P/Cash and P/Free cash flow is *TBA and 82.26 respectively.

At the current price Corning Inc. is trading at, 22.76 (-0.26% today), Corning Inc. has a dividend yield of 2.37%, and this is covered by a payout ratio of 25.10%. Earnings per share (EPS) is 1.82, and this is looking to grow in the next year to 13.90% after growing -42.40% this past year. EPS growth quarter over quarter is 410.50%, and 0.70% for sales growth quarter over quarter.

The number of shares outstanding is 1059, and the number of shares float is 1034.17. The senior management bring insider ownership to 0.10%, and institutional ownership is at 77.10%. The float short is 9.25%, with the short ratio at a value of 11.11. Management has seen a return on assets of 7.50%, and also a return on investment of 5.60%.

The ability for Corning Inc., to deal with debt, means it current ratio is 4.4, and quick ratio is 3.8. Long term debt/equity is 0.23 and total debt/equity is 0.24. In terms of margins, Corning Inc. has a gross margin of 38.90%, with its operating margin at 10.10%, and Corning Inc. has a profit margin of 24.40%.

The 52 week high is -1.01%, with 43.99% being its 52 week low. The 20 day simple moving average is 4.23% and the 200 day simple moving average is 16.16%.

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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