NASDAQ:CLFD Clearfield (CLFD) Stock Forecast, Price & News $38.65 +0.92 (+2.44%) (As of 05/26/2023 04:00 PM ET) Add Compare Share Share Today's Range$37.30▼$39.0250-Day Range$35.27▼$47.4452-Week Range$30.00▼$134.90Volume201,100 shsAverage Volume434,904 shsMarket Capitalization$589.41 millionP/E Ratio10.14Dividend YieldN/APrice Target$98.83 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Clearfield MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside155.7% Upside$98.83 Price TargetShort InterestHealthy15.30% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.82Based on 9 Articles This WeekInsider TradingN/AProj. Earnings Growth-25.41%From $1.81 to $1.35 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.21 out of 5 starsComputer And Technology Sector282nd out of 618 stocksTelephone & Telegraph Apparatus Industry7th out of 12 stocks 3.4 Analyst's Opinion Consensus RatingClearfield has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $98.83, Clearfield has a forecasted upside of 155.7% from its current price of $38.65.Amount of Analyst CoverageClearfield has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted15.30% of the float of Clearfield has been sold short.Short Interest Ratio / Days to CoverClearfield has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in Clearfield has recently decreased by 15.38%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldClearfield does not currently pay a dividend.Dividend GrowthClearfield does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CLFD. Previous Next 2.7 News and Social Media Coverage News SentimentClearfield has a news sentiment score of 0.82. 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 higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Clearfield this week, compared to 3 articles on an average week.Search InterestOnly 13 people have searched for CLFD on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Clearfield to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Clearfield insiders have not sold or bought any company stock.Percentage Held by Insiders15.30% 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 Institutions54.60% of the stock of Clearfield is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Clearfield are expected to decrease by -25.41% in the coming year, from $1.81 to $1.35 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Clearfield is 10.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Clearfield is 10.14, 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 348.05.Price to Book Value per Share RatioClearfield has a P/B Ratio of 3.61. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Clearfield (NASDAQ:CLFD) StockClearfield, Inc. engages in the design, manufacture, and distribution of fiber protection. It operates through the Clearfield and Nestor Cable segment. The Clearfield segment involves the design, manufacture, and selling of fiber management, protection, and delivery solutions. The Nestor Cables segment includes designs, manufacture, and selling fiber management, protection, and delivery solutions. The company was founded in 1979 and is headquartered in Brooklyn Park, MN.Read More Receive CLFD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Clearfield and its competitors with MarketBeat's FREE daily newsletter. Email Address CLFD Stock News HeadlinesMay 26, 2023 | fool.comClearfield (NASDAQ: CLFD)May 23, 2023 | seekingalpha.comClearfield: Unraveling Fiber Fortunes, A Hazy Path AheadMay 30, 2023 | Edge On The Street (Ad)The Largest Ever Technology Wave Is Coming!This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.May 21, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Coverage Initiated by Analysts at StockNews.comMay 17, 2023 | finance.yahoo.comClearfield to Present at the 51st Annual TD Cowen Technology, Media & Telecom Conference on May 31, 2023May 16, 2023 | msn.comUtah worker dies in Clearfield after being pinned by forkliftMay 12, 2023 | americanbankingnews.comClearfield, Inc. (NASDAQ:CLFD) Receives $106.00 Average Price Target from AnalystsMay 11, 2023 | seekingalpha.comClearfield: Mr. Market's OverreactionMay 30, 2023 | Edge On The Street (Ad)The Largest Ever Technology Wave Is Coming!This summer, a small tech company will launch a key technology to advance artificial intelligence, or AI, that can think, reason and make decisions like humans. It will change the world, just like electricity did.May 11, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Upgraded to Hold at StockNews.comMay 9, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) PT Lowered to $50.00 at Needham & Company LLCMay 6, 2023 | finance.yahoo.comTime To Worry? Analysts Are Downgrading Their Clearfield, Inc. (NASDAQ:CLFD) OutlookMay 5, 2023 | investorplace.comWhy Is Clearfield (CLFD) Stock Down 28% Today?May 5, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Stock Rating Lowered by Lake Street CapitalMay 4, 2023 | finance.yahoo.comClearfield (CLFD) Q2 Earnings and Revenues Surpass EstimatesMay 4, 2023 | finance.yahoo.comClearfield Reports Fiscal Second Quarter 2023 ResultsMay 1, 2023 | finance.yahoo.comCan Revenue Growth Benefit Clearfield's (CLFD) Q2 Earnings?April 20, 2023 | finance.yahoo.comClearfield Sets Fiscal Second Quarter 2023 Earnings Call for Thursday, May 4, 2023April 19, 2023 | americanbankingnews.comClearfield, Inc. (NASDAQ:CLFD) Receives $108.83 Consensus Price Target from BrokeragesApril 14, 2023 | seekingalpha.comClearfield: Nestor Cables Causing A ProblemApril 12, 2023 | finance.yahoo.comAre Options Traders Betting on a Big Move in Clearfield (CLFD) Stock?April 11, 2023 | seekingalpha.comClearfield And Its Real ValueApril 10, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Stock Rating Lowered by StockNews.comApril 5, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Shares Down 3.6% April 2, 2023 | americanbankingnews.comStockNews.com Downgrades Clearfield (NASDAQ:CLFD) to SellMarch 28, 2023 | finance.yahoo.comIs Clearfield (CLFD) a Buy as Wall Street Analysts Look Optimistic?March 26, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) PT Lowered to $63.00 at Lake Street CapitalSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CLFD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Clearfield and its competitors with MarketBeat's FREE daily newsletter. Email Address CLFD Company Calendar Last Earnings2/02/2023Today5/29/2023Next Earnings (Estimated)7/27/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Telephone & telegraph apparatus Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:CLFD CUSIPN/A CIK796505 Webwww.seeclearfield.com Phone(763) 476-6866Fax763-475-8457Employees250Year FoundedN/APrice Target and Rating Average Stock Price Forecast$98.83 High Stock Price Forecast$141.00 Low Stock Price Forecast$50.00 Forecasted Upside/Downside+155.7%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.81 Trailing P/E Ratio10.14 Forward P/E Ratio21.35 P/E GrowthN/ANet Income$49.36 million Net Margins16.77% Pretax Margin21.57% Return on Equity24.60% Return on Assets19.48% Debt Debt-to-Equity Ratio0.01 Current Ratio7.51 Quick Ratio5.00 Sales & Book Value Annual Sales$270.88 million Price / Sales2.18 Cash Flow$3.83 per share Price / Cash Flow10.10 Book Value$10.71 per share Price / Book3.61Miscellaneous Outstanding Shares15,250,000Free Float12,920,000Market Cap$589.41 million OptionableOptionable Beta1.30 Key ExecutivesCheri BeranekPresident, Chief Executive Officer & DirectorJohnny P. HillChief Operating OfficerDaniel R. HerzogChief Financial Officer & SecretarySkip HansenChief Information OfficerAllen GriserChief Commercial OfficerKey CompetitorsNETGEARNASDAQ:NTGRAudioCodesNASDAQ:AUDCDZSNASDAQ:DZSIAkoustis TechnologiesNASDAQ:AKTSInfineraNASDAQ:INFNView All CompetitorsInsiders & InstitutionsAmeriprise Financial Inc.Sold 16,319 shares on 5/22/2023Ownership: 0.313%JPMorgan Chase & Co.Bought 6,572 shares on 5/18/2023Ownership: 0.173%New York State Common Retirement FundSold 5,322 shares on 5/18/2023Ownership: 0.048%Thrivent Financial for LutheransBought 789 shares on 5/17/2023Ownership: 0.082%Susquehanna International Group LLPSold 800 shares on 5/16/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions CLFD Stock - Frequently Asked Questions Should I buy or sell Clearfield stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last twelve months. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLFD shares. View CLFD analyst ratings or view top-rated stocks. What is Clearfield's stock price forecast for 2023? 7 Wall Street research analysts have issued 12-month target prices for Clearfield's shares. Their CLFD share price forecasts range from $50.00 to $141.00. On average, they expect the company's share price to reach $98.83 in the next twelve months. This suggests a possible upside of 155.7% 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 2023? Clearfield's stock was trading at $94.14 at the beginning of the year. Since then, CLFD stock has decreased by 58.9% and is now trading at $38.65. View the best growth stocks for 2023 here. Are investors shorting Clearfield? Clearfield saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,980,000 shares, a decrease of 15.4% from the April 30th total of 2,340,000 shares. Based on an average daily trading volume, of 400,300 shares, the short-interest ratio is currently 4.9 days. Approximately 15.3% of the company's 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, July 27th 2023. View our CLFD earnings forecast. How were Clearfield's earnings last quarter? Clearfield, Inc. (NASDAQ:CLFD) announced its earnings results on Thursday, February, 2nd. The communications equipment provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The communications equipment provider had revenue of $85.90 million for the quarter, compared to analyst estimates of $83.56 million. Clearfield had a trailing twelve-month return on equity of 24.60% and a net margin of 16.77%. The company's revenue was up 68.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.75 earnings per share. What ETFs hold Clearfield's stock? ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include SPDR S&P Telecom ETF (XTL), Invesco Dynamic Networking ETF (PXQ), iShares North American Tech-Multimedia Networking ETF (IGN), Hypatia Women CEO ETF (WCEO), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco S&P SmallCap Information Technology ETF (PSCT) and SPDR FactSet Innovative Technology ETF (XITK). What guidance has Clearfield issued on next quarter's earnings? Clearfield issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $1.80-$2.10 for the period, compared to the consensus estimate of $3.87. The company issued revenue guidance of $260.00 million-$275.00 million, compared to the consensus revenue estimate of $365.93 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). What is Clearfield's stock symbol? Clearfield trades on the NASDAQ under the ticker symbol "CLFD." Who are Clearfield's major shareholders? Clearfield's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.02%), State Street Corp (2.97%), Neumeier Poma Investment Counsel LLC (2.73%), Boston Partners (2.66%), Dimensional Fund Advisors LP (2.05%) and Geode Capital Management LLC (1.62%). Insiders that own company stock include 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Clearfield's stock price today? One share of CLFD stock can currently be purchased for approximately $38.65. How much money does Clearfield make? Clearfield (NASDAQ:CLFD) has a market capitalization of $589.41 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 $3.81 on an earnings per share basis. How many employees does Clearfield have? The company employs 250 workers across the globe. How can I contact Clearfield? 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. This page (NASDAQ:CLFD) was last updated on 5/30/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Clearfield, Inc. 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