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GLW

Corning

$33.00

-0.29 (-0.87%)

11:36
07/17/19
07/17
11:36
07/17/19
11:36

Corning announces new $5B share repurchase authorization

Corning announced that its board of directors declared a regular quarterly dividend of 20c per share on the company's common stock payable on Sept. 30, 2019, to shareholders of record on Aug. 30, 2019. The board also approved a new $5B share-repurchase authorization effective July 17, 2019. The actions serve as initial milestones under the priorities for 2020 to 2023, introduced as Corning's new Strategy and Growth Framework at the company's Investor Day last month, the company said in a statement. As stated at that time, Corning expects to deliver $8B-$10B in shareholder distributions under the new Framework, including an annual dividend increase of at least 10% and share repurchases in the range of $5B-$7B. Under the company's 2016-2019 plan, the Strategy and Capital Allocation Framework introduced in October 2015, Corning met its goal of returning more than $12.5B to shareholders before its formal conclusion at the end of 2019. Through June 2019, the company increased dividends per share by 67% and reduced outstanding shares by more than 37%."Today's approval of a regular quarterly dividend of 20c and a new $5B share-repurchase authorization demonstrates the board's commitment to and confidence in Corning's ability to continue creating shareholder value well into the future," said CFO Tony Tripeny.

  • 30

    Jul

GLW Corning
$33.00

-0.29 (-0.87%)

06/20/19
JEFF
06/20/19
NO CHANGE
Target $29.5
JEFF
Hold
Corning Display expectations likely too high, says Jefferies
Jefferies analyst George Notter lowered his price target for Corning to $29.50 from $32 while maintaining a Hold rating on the shares. There's a good likelihood that Street expectations for Corning's Display business are too high, Notter tells investors in a research note. The analyst is concerned over excess supply chain inventory, "significant" new Chinese capacity entering the market and declining panel maker profitability. Further, he believes the pending ramp of Corning's two new Gen 10.5 facilities in China could weigh on corporate gross margins.
06/24/19
JPMS
06/24/19
NO CHANGE
JPMS
Drop in LCD TV panel prices a negative for Corning, says JPMorgan
JPMorgan analyst Samik Chatterhee maintained a Neutral rating on Corning, noting that LCD TV panel prices declined sharply in June, dropping 3.7% month-over-month, and adding that near-term pricing outlook remained pressured. The analyst noted that this has an "indirect read-through" to Corning, as Corning manufactures the glass that is used in the panels, and the Display glass segment accounts for 49% of its profits.
06/27/19
DBAB
06/27/19
NO CHANGE
DBAB
Buy
Corning 'fundamentally undervalued' relative to peers, says Deutsche Bank
Corning's (GLW) glass innovations and growth opportunities ahead merit an "innovation premium," Deutsche Bank analyst Vijay Bhagavath tells investors in a research note. At current share levels, Corning is "fundamentally undervalued" relative to tech industrials peers like Keysight Technologies (KEYS), Motorola Solutions (MSI), 3M (MMM) and Amphenol (APH), adds the analyst. Bhagavath keeps a Buy rating on shares of Corning.
07/03/19
SBSH
07/03/19
NO CHANGE
SBSH
Spending trends favorable for Logitech, unfavorable for GoPro, says Citi
After surveying 75 retail and electronics stores in U.S. throughout June to inquire about promotions and sell-through, Citi analyst Asiya Merchant says spending trends are favorable for both Logitech (LOGI) and Corning (GLW) and unfavorable for GoPro (GPRO). Across categories, TVs stood out as the category most likely to be the top selling consumer electronics product and highest category to exceed sales expectations, while digital cameras are least likely to be a top seller and most likely to miss, Merchant tells investors in a research note. The analyst believes video gaming accessories trends are positive for Logitech while digital camera trends are negative for GoPro. The digital camera market is at historical lows, contends Merchant. The analyst keeps a Buy rating on Logitech shares with a $46 price target. She also lowered her price target for Neutral-rated iRobot (IRBT) to $95 from $100 to reflect the 25% tariff levied on robotic vacuums. Merchant adds that the survey yield "mixed" results for robotic vacuums.

TODAY'S FREE FLY STORIES

EFC

Ellington Financial

$18.79

0.01 (0.05%)

20:29
11/18/19
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Syndicate
Ellington Financial 4.2M share Spot Secondary priced at $18.20 »

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  • 19

    Nov

HD

Home Depot

$238.98

1.64 (0.69%)

, MDT

Medtronic

$111.25

-0.86 (-0.77%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

HD

Home Depot

$238.98

1.64 (0.69%)

MDT

Medtronic

$111.25

-0.86 (-0.77%)

TJX

TJX

$59.54

-0.25 (-0.42%)

TDG

TransDigm

$568.32

9.81 (1.76%)

ARMK

Aramark

$43.90

0.25 (0.57%)

KSS

Kohl's

$58.39

-0.71 (-1.20%)

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ACY

AeroCentury

$3.31

-0.66 (-16.62%)

20:01
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Hot Stocks
AeroCentury sells one Bombardier CRJ900 to Aeronautical Support International »

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MYOV

Myovant Sciences

$6.02

-0.14 (-2.27%)

19:29
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Myovant Sciences up over 11% after announcing Phase 3 Study conference call »

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INVH

Invitation Homes

$29.95

-0.04 (-0.13%)

18:47
11/18/19
11/18
18:47
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18:47
Hot Stocks
Invitation Homes CEO sells 70K shares of common stock »

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BA

Boeing

$369.50

-2.05 (-0.55%)

, LUV

Southwest

$57.77

-0.03 (-0.05%)

18:44
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18:44
Periodicals
Boeing to provide Southwest board with 737 MAX update this week, Reuters says »

Boeing (BA) this week…

BA

Boeing

$369.50

-2.05 (-0.55%)

LUV

Southwest

$57.77

-0.03 (-0.05%)

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  • 12

    Dec

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GBDC

Golub Capital

$17.79

0.045 (0.25%)

18:42
11/18/19
11/18
18:42
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18:42
Upgrade
Golub Capital rating change at Keefe Bruyette »

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  • 26

    Nov

GM

General Motors

$36.62

-0.25 (-0.68%)

, TM

Toyota

$143.53

-0.76 (-0.53%)

18:42
11/18/19
11/18
18:42
11/18/19
18:42
Periodicals
CA to halt purchase of GM, Toyota, Fiat Chrysler vehicles, Reuters reports »

The state of California…

GM

General Motors

$36.62

-0.25 (-0.68%)

TM

Toyota

$143.53

-0.76 (-0.53%)

FCAU

Fiat Chrysler

$15.63

-0.39 (-2.43%)

NSANY

Nissan

$0.00

(0.00%)

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  • 19

    Nov

CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

, WUBA

58.com

$50.26

-1.35 (-2.62%)

18:38
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18:38
Hot Stocks
Fly Intel: After Hours Movers »

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CRMT

America's Car-Mart

$90.88

3.22 (3.67%)

WUBA

58.com

$50.26

-1.35 (-2.62%)

BILI

Bilibili

$16.39

-0.32 (-1.92%)

SAEX

SAExploration

$1.51

-0.05 (-3.21%)

CLVS

Clovis

$7.05

0.68 (10.68%)

NOW

ServiceNow

$266.56

6.65 (2.56%)

OKTA

Okta

$121.21

3.76 (3.20%)

SPLK

Splunk

$122.64

3.49 (2.93%)

WWD

Woodward

$113.64

-1.15 (-1.00%)

KRNT

Kornit Digital

$33.07

-1.13 (-3.30%)

ASH

Ashland

$78.65

0.03 (0.04%)

VNET

21Vianet

$8.28

0.23 (2.86%)

DHT

DHT Holdings

$7.52

-0.2 (-2.59%)

KRTX

Karuna Therapeutics

$94.70

77.44 (448.67%)

EGHT

8x8, Inc.

$20.78

0.13 (0.63%)

I

Intelsat

$7.98

-5.42 (-40.45%)

PFGC

Performance Food Group

$46.09

-0.08 (-0.17%)

EFC

Ellington Financial

$18.79

0.01 (0.05%)

03/08/13
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03/06/13
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  • 04

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    Nov

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    Nov

LEVI

Levi Strauss

$17.06

-0.115 (-0.67%)

18:31
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18:31
Hot Stocks
Levi Strauss CEO: I believe in the importance of innovation »

In an interview on…

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CSCO

Cisco

$45.17

0.07 (0.16%)

18:17
11/18/19
11/18
18:17
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18:17
Periodicals
Cisco sues former employees over claims of trade secret theft, Bloomberg says »

Cisco is suing two…

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  • 09

    Dec

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    Dec

  • 12

    Feb

ABBV

AbbVie

$88.71

0.07 (0.08%)

18:09
11/18/19
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18:09
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18:09
Hot Stocks
AbbVie treatment of myelofibrosis granted FDA orphan status »

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  • 07

    Dec

PRQR

ProQR Therapeutics

$6.27

-0.64 (-9.26%)

18:06
11/18/19
11/18
18:06
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18:06
Hot Stocks
ProQR Therapeutics treatment of retinal dystrophy in P23H granted orphan status »

ProQR Therapeutics'…

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BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:04
11/18/19
11/18
18:04
11/18/19
18:04
Earnings
Bilibili sees Q4 revenue RMB1.93B-RMB1.98B »

Q4 revenue consensus…

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  • 18

    Nov

WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
11/18/19
11/18
18:03
11/18/19
18:03
Earnings
58.com sees Q4 revenue up 12%-15% in RMB terms »

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  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:03
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18:03
Hot Stocks
Bilibili reports average MAUs reached 127.9M in Q3 »

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  • 18

    Nov

WUBA

58.com

$50.26

-1.35 (-2.62%)

18:03
11/18/19
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18:03
Earnings
58.com reports Q3 adjusted EPS 96c, consensus 82c »

Reports Q3 revenue…

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  • 19

    Nov

BILI

Bilibili

$16.39

-0.32 (-1.92%)

18:01
11/18/19
11/18
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11/18/19
18:01
Earnings
Bilibili reports Q3 adjusted EPS (15c), consensus (14c) »

Reports Q3 revenue…

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  • 18

    Nov

DDOG

Datadog

$40.36

-0.33 (-0.81%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

17:56
11/18/19
11/18
17:56
11/18/19
17:56
Hot Stocks
Datadog announces support for AWS CloudFormation Registry and CLI »

Datadog (DDOG) announced…

DDOG

Datadog

$40.36

-0.33 (-0.81%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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  • 19

    Nov

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  • 20

    Nov

17:55
11/18/19
11/18
17:55
11/18/19
17:55
Conference/Events
Morgan Stanley analyst to hold an analyst/industry conference call »

Managing Director &…

GVA

Granite Construction

$26.50

-0.6 (-2.21%)

17:54
11/18/19
11/18
17:54
11/18/19
17:54
Hot Stocks
Granite Construction awarded $14M airfield improvement project in California »

Granite announced it was…

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ZS

Zscaler

$44.46

-1.37 (-2.99%)

, MSFT

Microsoft

$150.35

0.4 (0.27%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Initiation
Zscaler, Microsoft initiated at DA Davidson »

Zscaler initiated with a…

ZS

Zscaler

$44.46

-1.37 (-2.99%)

MSFT

Microsoft

$150.35

0.4 (0.27%)

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  • 20

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    Dec

OKTA

Okta

$121.21

3.76 (3.20%)

17:51
11/18/19
11/18
17:51
11/18/19
17:51
Upgrade
Okta rating change at DA Davidson »

Okta pullback represents…

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  • 05

    Dec

  • 16

    Dec

PANW

Palo Alto Networks

$248.50

1.465 (0.59%)

17:48
11/18/19
11/18
17:48
11/18/19
17:48
Initiation
Palo Alto Networks initiated at DA Davidson »

Palo Alto Networks…

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  • 25

    Nov

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CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

, AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

17:47
11/18/19
11/18
17:47
11/18/19
17:47
Initiation
Crowdstrike, Amazon.com initiated at DA Davidson »

Crowdstrike valuation…

CRWD

Crowdstrike

$57.06

-2.73 (-4.57%)

AMZN

Amazon.com

$1,752.70

15.21 (0.88%)

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