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NASDAQ:CLFD

Clearfield - CLFD Stock Forecast, Price & News

$121.22
-9.60 (-7.34%)
(As of 11/28/2022 04:17 PM ET)
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Today's Range
$119.05
$131.95
50-Day Range
$87.26
$130.82
52-Week Range
$44.15
$134.90
Volume
484,512 shs
Average Volume
242,233 shs
Market Capitalization
$1.67 billion
P/E Ratio
34.15
Dividend Yield
N/A
Price Target
$106.75

Clearfield MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
11.9% Downside
$106.75 Price Target
Short Interest
Healthy
8.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.15mentions of Clearfield in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$10,032 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.59 out of 5 stars

Computer And Technology Sector

590th out of 631 stocks

Telephone & Telegraph Apparatus Industry

10th out of 10 stocks

CLFD stock logo

About Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. The company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. It also provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. The company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and multiple systems operators and cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.

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CLFD Stock News Headlines

Clearfield Full Year 2022 Earnings: Beats Expectations
Why Clearfield Stock Is Skyrocketing Today
Why Clearfield Stock Jumped 26% Today
Clearfield - Fortune
Bull of the Day: Clearfield (CLFD) - Nasdaq
Bull of the Day: Clearfield (CLFD) - Yahoo Finance
See More Headlines
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CLFD Company Calendar

Last Earnings
11/04/2021
Today
11/28/2022
Next Earnings (Estimated)
1/26/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
N/A
Current Symbol
NASDAQ:CLFD
Employees
250
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$106.75
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$37.00
Forecasted Upside/Downside
-11.9%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$49.36 million
Pretax Margin
23.57%

Debt

Sales & Book Value

Annual Sales
$270.88 million
Cash Flow
$3.55 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
11,414,000
Market Cap
$1.67 billion
Optionable
Optionable
Beta
1.33

Key Executives

  • Ms. Cheryl P. BeranekMs. Cheryl P. Beranek (Age 60)
    CEO, Pres & Director
    Comp: $1.3M
  • Mr. Daniel R. Herzog (Age 58)
    Chief Financial Officer
    Comp: $558.68k
  • Mr. John P. HillMr. John P. Hill (Age 56)
    Chief Operating Officer
    Comp: $1.3M
  • Mr. Skip Hansen
    Chief Information Officer
  • Mr. Kevin Morgan
    Chief Marketing Officer
  • Mr. Bob Cody
    VP of HR & Office of Resource Management
  • Mr. Allen Griser
    Chief Commercial Officer













CLFD Stock - Frequently Asked Questions

Should I buy or sell Clearfield stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last twelve months. There are currently 1 sell rating, 1 hold rating 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 forecast for 2023?

4 brokers have issued 1-year target prices for Clearfield's shares. Their CLFD share price forecasts range from $37.00 to $135.00. On average, they predict the company's share price to reach $106.75 in the next twelve months. This suggests that the stock has a possible downside of 17.6%.
View analysts price targets for CLFD
or view top-rated stocks among Wall Street analysts.

How have CLFD shares performed in 2022?

Clearfield's stock was trading at $84.42 at the start of the year. Since then, CLFD shares have increased by 53.5% and is now trading at $129.60.
View the best growth stocks for 2022 here
.

When is Clearfield's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CLFD earnings forecast
.

How were Clearfield's earnings last quarter?

Clearfield, Inc. (NASDAQ:CLFD) announced its quarterly earnings results on Thursday, November, 4th. The communications equipment provider reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. The communications equipment provider had revenue of $45.24 million for the quarter, compared to the consensus estimate of $39.50 million. Clearfield had a net margin of 18.22% and a trailing twelve-month return on equity of 37.81%. During the same quarter in the previous year, the company posted $0.22 EPS.

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

Clearfield issued an update on its FY 2023 earnings guidance on Thursday, November, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $380.00 million-$393.00 million, compared to the consensus revenue estimate of $299.49 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.05%), Vanguard Group Inc. (5.56%), Dimensional Fund Advisors LP (3.10%), State Street Corp (2.74%), Royce & Associates LP (1.29%) and Citadel Advisors LLC (0.00%). 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 $129.60.

How much money does Clearfield make?

Clearfield (NASDAQ:CLFD) has a market capitalization of $1.79 billion and generates $270.88 million in revenue each year. The communications equipment provider earns $49.36 million in net income (profit) each year or $3.55 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 11/28/2022 by MarketBeat.com Staff