NASDAQ:CLFD

Clearfield (CLFD) Stock Price, News & Analysis

$29.36
-0.24 (-0.81%)
(As of 04/25/2024 ET)
Today's Range
$28.77
$29.47
50-Day Range
$28.19
$31.55
52-Week Range
$22.91
$50.82
Volume
103,993 shs
Average Volume
202,332 shs
Market Capitalization
$431.89 million
P/E Ratio
35.80
Dividend Yield
N/A
Price Target
$42.20

Clearfield MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
43.7% Upside
$42.20 Price Target
Short Interest
Bearish
18.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Clearfield in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$84,115 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($1.03) to $1.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.94 out of 5 stars

Computer And Technology Sector

270th out of 586 stocks

Telephone & Telegraph Apparatus Industry

4th out of 10 stocks

CLFD stock logo

About Clearfield Stock (NASDAQ:CLFD)

Clearfield, Inc. manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers a cable management and mounting bracket kit to support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; and FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment. In addition, the company offers fiber assemblies; fiber optic and copper cables, microducts, microduct accessories, and tools; and installation and connection accessories for fiber optic networks. It serves community broadband customers, multiple system operators, large regional service providers, and wireline/wireless national telco carriers. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorpoarted in 1979 and is headquartered in Minneapolis, Minnesota.

CLFD Stock Price History

CLFD Stock News Headlines

“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
Clearfield, Inc. (CLFD)
“Retirement Secret” Showed 995% Gain Last Time We Shared It
Central Banks Buying Gold in Record Numbers Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can… Stacking it in their locked vaults on pallets in record numbers.
CLFD Apr 2024 30.000 call
Roger Harding Bought 28% More Shares In Clearfield
See More Headlines
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Company Calendar

Last Earnings
2/01/2024
Today
4/26/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:CLFD
Employees
400
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$42.20
High Stock Price Target
$47.00
Low Stock Price Target
$36.00
Potential Upside/Downside
+43.7%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$32.53 million
Pretax Margin
8.04%

Debt

Sales & Book Value

Annual Sales
$268.72 million
Cash Flow
$2.29 per share
Book Value
$20.65 per share

Miscellaneous

Free Float
12,354,000
Market Cap
$431.89 million
Optionable
Optionable
Beta
1.32
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CLFD Stock Analysis - Frequently Asked Questions

Should I buy or sell Clearfield stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CLFD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLFD, but not buy additional shares or sell existing shares.
View CLFD analyst ratings
or view top-rated stocks.

What is Clearfield's stock price target for 2024?

5 brokerages have issued twelve-month target prices for Clearfield's stock. Their CLFD share price targets range from $36.00 to $47.00. On average, they expect the company's share price to reach $42.20 in the next year. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for CLFD
or view top-rated stocks among Wall Street analysts.

How have CLFD shares performed in 2024?

Clearfield's stock was trading at $29.08 at the beginning of 2024. Since then, CLFD shares have increased by 1.0% and is now trading at $29.36.
View the best growth stocks for 2024 here
.

Are investors shorting Clearfield?

Clearfield saw a increase in short interest in April. As of April 15th, there was short interest totaling 2,320,000 shares, an increase of 9.4% from the March 31st total of 2,120,000 shares. Based on an average daily volume of 206,900 shares, the short-interest ratio is presently 11.2 days. Currently, 18.8% of the shares of the stock are sold short.
View Clearfield's Short Interest
.

When is Clearfield's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CLFD earnings forecast
.

How can I listen to Clearfield's earnings call?

Clearfield will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745310".

How were Clearfield's earnings last quarter?

Clearfield, Inc. (NASDAQ:CLFD) posted its quarterly earnings data on Thursday, February, 1st. The communications equipment provider reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.05. The communications equipment provider earned $34.20 million during the quarter, compared to the consensus estimate of $29.88 million. Clearfield had a net margin of 6.00% and a trailing twelve-month return on equity of 4.22%. Clearfield's revenue for the quarter was down 60.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.00 EPS.

What guidance has Clearfield issued on next quarter's earnings?

Clearfield issued an update on its second quarter 2024 earnings guidance on Thursday, February, 1st. The company provided earnings per share (EPS) guidance of -0.550--0.490 for the period, compared to the consensus estimate of -0.350. The company issued revenue guidance of $29.0 million-$33.0 million, compared to the consensus revenue estimate of $30.6 million.

What is Cheri P. Beranek's approval rating as Clearfield's CEO?

6 employees have rated Clearfield Chief Executive Officer Cheri P. Beranek on Glassdoor.com. Cheri P. Beranek has an approval rating of 71% among the company's employees. 45.0% of employees surveyed would recommend working at Clearfield to a friend.

What other stocks do shareholders of Clearfield own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Clearfield investors own include Wendy's (WEN), ACADIA Pharmaceuticals (ACAD), Horizon Therapeutics Public (HZNP), NVIDIA (NVDA), Akoustis Technologies (AKTS), Clearside Biomedical (CLSD), CyberOptics (CYBE), JD.com (JD), Repligen (RGEN) and Zynga (ZNGA).

Who are Clearfield's major shareholders?

Clearfield's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Raymond James Financial Services Advisors Inc. (0.33%). Insiders that own company stock include Carol Ann Wirsbinski, Charles N Hayssen, Cheryl Beranek, Daniel R Herzog, Donald R Hayward, John P Hill, Patrick Goepel, Roger G Harding, Ronald G Roth and Walter Louis Jones Jr.
View institutional ownership trends
.

How do I buy shares of Clearfield?

Shares of CLFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CLFD) was last updated on 4/26/2024 by MarketBeat.com Staff

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