Clearfield (CLFD) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CLFD shares.
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7 analysts have issued 1-year target prices for Clearfield's shares. Their CLFD share price forecasts range from $38.00 to $141.00. On average, they anticipate the company's share price to reach $80.43 in the next year. This suggests a possible upside of 159.7% from the stock's current price.
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Clearfield's stock was trading at $94.14 at the start of the year. Since then, CLFD shares have decreased by 67.1% and is now trading at $30.97.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
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Clearfield, Inc. (NASDAQ:CLFD) issued its quarterly earnings data on Thursday, August, 3rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.24. The communications equipment provider earned $61.30 million during the quarter, compared to analyst estimates of $53.82 million. Clearfield had a trailing twelve-month return on equity of 17.69% and a net margin of 14.91%. The business's quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS.

ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include SPDR S&P Telecom ETF (XTL), iShares North American Tech-Multimedia Networking ETF (IGN) and Hypatia Women CEO ETF (WCEO).Syntax Stratified SmallCap ETF (SSLY).

Clearfield issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.05-$2.15 for the period, compared to the consensus earnings per share estimate of $1.85. The company issued revenue guidance of $260.00 million-$275.00 million, compared to the consensus revenue estimate of $266.00 million.

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.

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).

Clearfield trades on the NASDAQ under the ticker symbol "CLFD."

Clearfield's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.33%), Franklin Resources Inc. (9.96%), State Street Corp (2.96%), Marshall Wace LLP (2.74%), Neumeier Poma Investment Counsel LLC (2.60%) and Boston Partners (2.56%). 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.
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Shares of CLFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CLFD stock can currently be purchased for approximately $30.97.

Clearfield (NASDAQ:CLFD) has a market capitalization of $472.60 million and generates $270.88 million in revenue each year. The communications equipment provider earns $49.36 million in net income (profit) each year or $3.22 on an earnings per share basis.

The company employs 407 workers across the globe.

Clearfield's mailing address is 7050 WINNETKA AVENUE NORTH SUITE 100, BROOKLYN PARK MN, 55428. The official website for the company is www.seeclearfield.com. The communications equipment provider can be reached via phone at (763) 476-6866, via email at clfd@liolios.com, or via fax at 763-475-8457.