Should I buy or sell Clearfield stock right now?

5 Wall Street equities research 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 equities research 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 Wall Street analysts have issued 12 month price objectives for Clearfield's shares. Their CLFD share price targets range from $36.00 to $47.00. On average, they predict the company's share price to reach $42.20 in the next year. This suggests a possible upside of 49.2% 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 on January 1st, 2024. Since then, CLFD stock has decreased by 2.8% and is now trading at $28.28. View the best growth stocks for 2024 here .

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 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 (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.05. The communications equipment provider had revenue of $34.20 million for 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%. The business's quarterly revenue was down 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share.

What ETFs hold Clearfield's stock?

ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN) , SPDR S&P Telecom ETF (XTL) and Roundhill Acquirers Deep Value ETF (DEEP) . Hypatia Women CEO ETF (WCEO) .

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 EPS guidance of -0.550--0.490 for the period, compared to the consensus EPS 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) .

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 .

NASDAQ:CLFD

Clearfield (CLFD) Stock Price, News & Analysis

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$28.28

+0.03 (+0.11%)

(As of 04/18/2024 ET)

Compare

Today's Range: $28.11
▼
$28.92
50-Day Range: $28.19
▼
$31.55
52-Week Range: $22.91
▼
$50.82

Volume: 123,899 shs
Average Volume: 207,775 shs
Market Capitalization: $416.00 million

P/E Ratio: 34.49
Dividend Yield: N/A
Price Target: $42.20

Get Clearfield alerts:

Clearfield MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 49.2% Upside
$42.20 Price Target
Short Interest: Bearish
17.19% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.17
Based on 7 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.

3.04 out of 5 stars

Computer And Technology Sector

290th out of 583 stocks

Telephone & Telegraph Apparatus Industry

5th out of 9 stocks

3.2

Analyst's Opinion

Consensus Rating
Clearfield has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Clearfield has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
17.19% of the float of Clearfield has been sold short.
Short Interest Ratio / Days to Cover
Clearfield has a short interest ratio ("days to cover") of 9.9.
Change versus previous month
Short interest in Clearfield has recently decreased by 2.75%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Clearfield does not currently pay a dividend.
Dividend Growth
Clearfield does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLFD.

1.8

News and Social Media Coverage

News Sentiment
Clearfield has a news sentiment score of 0.17. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Clearfield this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for CLFD on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Clearfield to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Clearfield insiders have bought more of their company's stock than they have sold. Specifically, they have bought $84,115.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
16.00% of the stock of Clearfield is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
88.73% of the stock of Clearfield is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Clearfield are expected to grow in the coming year, from ($1.03) to $1.52 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Clearfield is 34.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Clearfield is 34.49, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 217.23.
Price to Book Value per Share Ratio
Clearfield has a P/B Ratio of 1.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

CLFD Stock News Headlines

April 18, 2024 | msn.com

Clearfield man accused of pulling gun on two women

April 18, 2024 | americanbankingnews.com

Clearfield (NASDAQ:CLFD) Receives "Buy" Rating from Needham & Company LLC

April 19, 2024 | InvestorPlace (Ad)

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April 17, 2024 | msn.com

Meet Dennyboy! Australian Shepard found shot in Clearfield Co. awaiting amputation surgery

April 17, 2024 | msn.com

Community Cleanup Day scheduled for downtown Clearfield

April 9, 2024 | msn.com

Clearfield Career & Tech Center hosting wellness clinic for children

April 4, 2024 | finance.yahoo.com

There Are Reasons To Feel Uneasy About Clearfield's (NASDAQ:CLFD) Returns On Capital

April 3, 2024 | msn.com

PSP investigating weekend shooting in Clearfield Co.; police asking for public's help

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April 3, 2024 | msn.com

Water line leak impacting residents of Clearfield County mobile home park

March 29, 2024 | msn.com

Clearfield man faces trial: Accused of strangling mother for life insurance, bank access

March 29, 2024 | msn.com

Nearly $880k in infrastructure grants heading to Clearfield County

March 17, 2024 | finance.yahoo.com

CLFD Apr 2024 30.000 call

March 14, 2024 | msn.com

Clearfield County native and retired veteran connect through special gift

March 12, 2024 | msn.com

Clearfield County Commissioners assisting county departments amid worker crisis

March 8, 2024 | finance.yahoo.com

Roger Harding Bought 28% More Shares In Clearfield

March 6, 2024 | msn.com

PSP: Dozens arrested after year-long drug investigation in Clearfield, Jefferson counties

March 5, 2024 | tmcnet.com

Clearfield Develops Industry's First 3D Interactive Fiber Installation Tool

March 5, 2024 | finance.yahoo.com

Clearfield Develops Industry’s First 3D Interactive Fiber Installation Tool

March 1, 2024 | msn.com

PSP: Duo charged with homicide after Clearfield Co. man shot during custody exchange

February 29, 2024 | finance.yahoo.com

Clearfield FiberFlex 600 Delivers a Right-Sized, Small Footprint Active Cabinet Option for Rural Expansion

February 28, 2024 | finance.yahoo.com

Clearfield, Inc. (NASDAQ:CLFD) is a favorite amongst institutional investors who own 71%

February 26, 2024 | benzinga.com

Clearfield Stock (NASDAQ:CLFD) Dividends: History, Yield and Dates

February 26, 2024 | msn.com

PSP investigating fatal shooting in Clearfield County, DA confirms

February 24, 2024 | barrons.com

Clearfield Inc.

February 23, 2024 | news.yahoo.com

Clearfield County man charged with having child porn

February 21, 2024 | msn.com

Clearfield County Jail gets new warden

See More Headlines

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Company Calendar

Last Earnings: 2/01/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Current Symbol: NASDAQ:CLFD
CUSIP: N/A
CIK: 796505
Web: www.seeclearfield.com
Phone: (763) 476-6866
Fax: 763-475-8457
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: +49.2%
Consensus Rating: Hold
Rating Score (0-4): 2.40
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.82
Trailing P/E Ratio: 34.49
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $32.53 million
Net Margins: 6.00%
Pretax Margin: 8.04%
Return on Equity: 4.22%
Return on Assets: 3.69%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 11.09
Quick Ratio: 7.29

Sales & Book Value

Annual Sales: $268.72 million
Price / Sales: 1.55
Cash Flow: $2.25 per share
Price / Cash Flow: 12.55
Book Value: $20.65 per share
Price / Book: 1.37

Miscellaneous

Outstanding Shares: 14,710,000
Free Float: 12,354,000
Market Cap: $416.00 million
Optionable: Optionable
Beta: 1.32

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Key Executives

Ms. Cheryl P. Beranek (Age 62)
CEO, President & Director
Comp: $446.26k
Mr. Daniel R. Herzog (Age 60)
Chief Financial Officer
Comp: $358.59k
Mr. John P. Hill (Age 58)
Chief Operating Officer
Comp: $446.16k
Mr. Skip Hansen
Chief Information Officer
Frank J. Brixius Jr.
General Counsel & Secretary
Mr. Kevin Morgan
Chief Marketing Officer
Mr. Bob Cody
Vice President of Human Resources & Office of Resource Management
Mr. Allen Griser
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CLFD Stock Analysis - Frequently Asked Questions

Should I buy or sell Clearfield stock right now?: 5 Wall Street equities research 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 equities research 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 Wall Street analysts have issued 12 month price objectives for Clearfield's shares. Their CLFD share price targets range from $36.00 to $47.00. On average, they predict the company's share price to reach $42.20 in the next year. This suggests a possible upside of 49.2% 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 on January 1st, 2024. Since then, CLFD stock has decreased by 2.8% and is now trading at $28.28.
View the best growth stocks for 2024 here.
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 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 (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.05. The communications equipment provider had revenue of $34.20 million for 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%. The business's quarterly revenue was down 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 earnings per share.
What ETFs hold Clearfield's stock?: ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL) and Roundhill Acquirers Deep Value ETF (DEEP).Hypatia Women CEO ETF (WCEO).

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 EPS guidance of -0.550--0.490 for the period, compared to the consensus EPS 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).
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 4/19/2024 by MarketBeat.com Staff

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Clearfield (CLFD) Stock Price, News & Analysis

Clearfield MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Clearfield Stock (NASDAQ:CLFD)

CLFD Stock Price History

CLFD Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

CLFD Stock Analysis - Frequently Asked Questions

Overall MarketRank^™