Shares of Clearfield Inc (NASDAQ:CLFD) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $16.25 for the company and are forecasting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 206 out of 265 based on the ratings given to related companies.
Several research firms have issued reports on CLFD. Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Lake Street Capital boosted their price target on Clearfield from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 10th.
Clearfield (NASDAQ CLFD) traded up $1.05 during midday trading on Tuesday, reaching $14.75. The company’s stock had a trading volume of 91,536 shares, compared to its average volume of 39,415. Clearfield has a 52 week low of $11.00 and a 52 week high of $17.65. The firm has a market cap of $203.82, a PE ratio of 50.86 and a beta of 1.15.
Clearfield (NASDAQ:CLFD) last released its earnings results on Thursday, January 25th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. The company had revenue of $16.87 million for the quarter, compared to analysts’ expectations of $18.30 million. equities research analysts forecast that Clearfield will post 0.43 EPS for the current year.
Several large investors have recently made changes to their positions in CLFD. WCM Investment Management CA boosted its stake in shares of Clearfield by 275.5% during the 3rd quarter. WCM Investment Management CA now owns 200,015 shares of the communications equipment provider’s stock worth $2,720,000 after acquiring an additional 146,744 shares in the last quarter. All Terrain Financial Advisors LLC purchased a new stake in shares of Clearfield during the 4th quarter worth approximately $1,683,000. Dimensional Fund Advisors LP boosted its stake in shares of Clearfield by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 395,595 shares of the communications equipment provider’s stock worth $5,222,000 after acquiring an additional 71,307 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Clearfield during the 3rd quarter worth approximately $272,000. Finally, Virtu Financial LLC purchased a new stake in shares of Clearfield during the 4th quarter worth approximately $229,000. 30.03% of the stock is currently owned by institutional investors and hedge funds.
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Clearfield Company Profile
Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.
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