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 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CLFD shares.
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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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CLFD earnings forecast.

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.

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).

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.

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 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.
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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 $38.65.

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.

The company employs 250 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.