Clearfield (NASDAQ:CLFD) Issues Earnings Results

Clearfield (NASDAQ:CLFD) issued its quarterly earnings data on Thursday. The communications equipment provider reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03, Fidelity Earnings reports. Clearfield had a net margin of 5.46% and a return on equity of 6.43%. The business had revenue of $23.97 million during the quarter, compared to analysts’ expectations of $23.65 million.

Shares of Clearfield stock traded up $0.13 on Friday, reaching $12.39. The stock had a trading volume of 17,600 shares, compared to its average volume of 24,135. Clearfield has a fifty-two week low of $8.41 and a fifty-two week high of $16.75. The business’s 50-day moving average price is $12.13 and its two-hundred day moving average price is $12.80. The stock has a market cap of $168.33 million, a P/E ratio of 38.72 and a beta of 1.50.

CLFD has been the subject of a number of analyst reports. Northland Securities restated a “buy” rating and issued a $17.00 price objective on shares of Clearfield in a research note on Friday, July 26th. Roth Capital initiated coverage on shares of Clearfield in a research note on Wednesday, August 21st. They issued a “buy” rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.33.

Clearfield Company Profile

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

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Earnings History for Clearfield (NASDAQ:CLFD)

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