The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. Box 505000 Louisville, KY 40233 - 5000 1-800-255-0461 … Does this difference in valuation make sense? P.O. Source: FactSet. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning… Investment . Computershare Trust Company, N.A. Have Watchlists? All Rights Reserved, This is a BETA experience. Revenue) or per share (e.g. To receive notifications via email, enter your email address and select at least one subscription below. See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams, Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. Corning’s Debt load is higher with its Debt to Equity ratio standing at about … Surprisingly, the founders of Trefis discovered that along with most other people they just did not understand even the seemingly familiar companies around them: Apple, Google, Coca Cola, Walmart, GE, Ford, Gap, and others. 36.33 +0.24 +0.67%. Between 2016 and 2019, Corning’s Official Close 11/19/2020 NYSE. Nasdaq 100. Ann H.S. Life sciences $256 million: (3Q 2018: $231 million). Something went wrong while loading Watchlist. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Ciena’s Debt to Equity ratio has declined from 52% to about 10% over the same period, as it reduced its debt from $1.3 billion to $0.7 billion. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. The market isn’t going to stomach this well, and this is reflected in Corning’s current P/E multiple of 12.8x, which is 32% lower than the 18.8x level seen toward the end of 2017. Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. Overall, Ciena appears to be a more attractive bet compared to Corning based on historical performance as well as the current valuatio. The platform uses extensive data to show in a single snapshot what drives the value of a company's business. Intraday Data provided by FACTSET and subject to terms of use. You must click the link in the email to activate your subscription. On the macro front, a high unemployment rate, and slower economic growth will result in lower consumer spending power. Stock Chart. You can sign up for additional subscriptions at any time. Create a list of the investments you want to track. Intraday data delayed at least 15 minutes or per exchange requirements. See all Trefis Price Estimates and Download Trefis Data here, What’s behind Trefis? It provides glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications; carrier network and enterprise network products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. All rights reserved. Ann H.S. You may opt-out by. The valuation for Corning is being driven by investor interest in its gorilla glass and expansion of 5G. Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s
Cookie Notice. It operates through the following business segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences. Note that Q1 adjusted gross margins came in at 33%, a whopping 700 bps lower from prior year quarter levels of 40%. The company also withdrew its guidance for 2020, and it stated that Q2 margins will be lower than Q1. In fact, the demand for LCD TV and smartphones is expected to see a low-double-digit decline in 2020. (Photo by John ... [+] Greim/LightRocket via Getty Images). Even after the lockdown is lifted, people will likely avoid unessential movement. The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. Transfer Agent Computershare Trust Company, N.A. KIEV, UKRAINE - 2019/01/22: In this photo illustration, the Ciena Telecommunications company logo ... [+] seen displayed on a smartphone. GLW seen displayed on a smartphone. Subscriber Agreement & Terms of Use,
The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. This might include you though you may have invested money in these companies, or may have been working with one of them for years as an employee, or have consulted with them as an expert for a long time. Ann H.S. Ciena provides networking equipment and services to telecom operators for deployment of 5G networks, and this will likely bode well for the stock in the near term. Ciena’s Revenue Growth, Returns, and Risk metrics compare quite favorably with Corning, and we don’t think this really justifies the difference in the Ciena’s P/S multiple of 1.8x versus 2.4x for Corning. Will such a drop be justified? Corning raised its dividend per share by 48% between 2016 and 2019, but its stock has underperformed. Disclaimer |
(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. Looking at the bottom line, adjusted EPS declined 50% from $0.40 in Q1 2019 to … Compare to: S&P 500. Ciena’s Total Shareholder Returns have been much higher, driven by a surging stock price though the company has never paid dividends. Despite a 22% decline in Corning’s (NYSE: GLW) stock since the beginning of the year, at the current price of around $22, Corning’s stock could see a significant downside, due to the impact of the coronavirus crisis.
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