Disclaimer | One of the contributors to Corning’s stock price decline over the last two years has been the contraction of its P/E multiple, which, on a trailing basis, declined from about 18.8x at the end of 2017 to 16.4x at the end of 2019, and is 12.8x currently. (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. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently. 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. Privacy Notice, and Have Watchlists? GLW Trefis is currently used by hundreds of thousands of investors, company employees, and business professionals. For fiscal year 2019, Corning expects all business segments to be up except optical communications, … The carrier network group consists primarily of products and solutions for optical-based communications infrastructure for services such as video, data and voice communications. Margins were also impacted by accelerated depreciation and asset write-offs. *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. P.O. Home / About Us Home / Investor Relations / Stock Information / Stock Quote & Chart Stock Quote. Zacks 2d. Image source: Corning. 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. While the company’s business saw its sales grow 14% between 2017 and 2019, the adjusted net income margin declined 250 bps from 16.2% to 13.7%. 36.33 +0.24 +0.67%. risk, allowing investors to make better decisions and streamline their work ow. Our dashboard Corning vs. Ciena: Is GLW Stock Appropriately Valued Given Its significantly higher P/S Multiple Compared to CIEN? To receive notifications via email, enter your email address and select at least one subscription below. has more details on this. 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. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors. The complete set of coronavirus impact and timing analyses is available here. On the other hand, Ciena’s Revenues grew by about 38% between 2016 to 2019, rising from around $2.6 billion to $3.6 billion, driven by relatively steady growth at networking platforms and associated services. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for unique customer needs. All rights reserved. KIEV, UKRAINE - 2019/01/22: In this photo illustration, the Ciena Telecommunications company logo ... [+] seen displayed on a smartphone. Ann H.S. Overall, Ciena appears to be a more attractive bet compared to Corning based on historical performance as well as the current valuatio. 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. The Display Technologies segment manufactures glass substrates for high performance displays, including organic light-emitting diode and liquid crystal displays that are used primarily in televisions, notebook computers and flat panel desktop monitors.
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