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U.S. Loses to China in Shocking WAR GAMES (Ad)
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Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
U.S. Loses to China in Shocking WAR GAMES (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
U.S. Loses to China in Shocking WAR GAMES (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
U.S. Loses to China in Shocking WAR GAMES (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
U.S. Loses to China in Shocking WAR GAMES (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
S&P 500   4,283.85
DOW   33,573.28
QQQ   354.84
High Dividend REITs: Are They an Ideal Way to Diversify?
U.S. Loses to China in Shocking WAR GAMES (Ad)
Dollar General May Create an Opportunity for Patient Investors
Is Frontline's 20% Dividend Too Good To Be True?
U.S. Loses to China in Shocking WAR GAMES (Ad)
3 Reasons The Wayfair Rally Is Way Overdone
Wheat prices jump following collapse of major dam in southern Ukraine
U.S. Loses to China in Shocking WAR GAMES (Ad)
Here’s What’s Driving the Price of Carvana Higher
Stock market today: Asian stocks mixed as Wall St inches toward bull market
NASDAQ:CLFD

Clearfield (CLFD) Stock Forecast, Price & News

$42.02
+1.83 (+4.55%)
(As of 06/6/2023 ET)
Compare
Today's Range
$40.11
$42.09
50-Day Range
$35.27
$47.21
52-Week Range
$30.00
$134.90
Volume
262,579 shs
Average Volume
426,976 shs
Market Capitalization
$640.81 million
P/E Ratio
11.03
Dividend Yield
N/A
Price Target
$98.83

Clearfield MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
135.2% Upside
$98.83 Price Target
Short Interest
Healthy
15.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.88mentions of Clearfield in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-25.41%
From $1.81 to $1.35 Per Share

Overall MarketRank

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

2.22 out of 5 stars

Computer And Technology Sector

237th out of 606 stocks

Telephone & Telegraph Apparatus Industry

7th out of 11 stocks


CLFD stock logo

About Clearfield (NASDAQ:CLFD) Stock

Clearfield, 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.

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CLFD Stock News Headlines

[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Clearfield (NASDAQ: CLFD)
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Clearfield: Mr. Market's Overreaction
Clearfield (NASDAQ:CLFD) Upgraded to Hold at StockNews.com
Why Is Clearfield (CLFD) Stock Down 28% Today?
Clearfield: Nestor Cables Causing A Problem
Clearfield And Its Real Value
Clearfield (NASDAQ:CLFD) Stock Rating Lowered by StockNews.com
Clearfield (NASDAQ:CLFD) Shares Down 3.6%
StockNews.com Downgrades Clearfield (NASDAQ:CLFD) to Sell
See More Headlines

CLFD Price History

CLFD Company Calendar

Last Earnings
2/02/2023
Today
6/06/2023
Next Earnings (Estimated)
7/27/2023
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
$98.83
High Stock Price Forecast
$141.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+135.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$49.36 million
Pretax Margin
21.57%

Debt

Sales & Book Value

Annual Sales
$270.88 million
Cash Flow
$3.95 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
12,920,000
Market Cap
$640.81 million
Optionable
Optionable
Beta
1.32

Key Executives

  • Cheri BeranekCheri Beranek
    President, Chief Executive Officer & Director
  • Johnny P. HillJohnny P. Hill
    Chief Operating Officer
  • Daniel R. Herzog
    Chief Financial Officer & Secretary
  • Skip Hansen
    Chief Information Officer
  • Allen Griser
    Chief Commercial Officer













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 equities research analysts have issued 12 month target prices for Clearfield's stock. Their CLFD share price forecasts range from $50.00 to $141.00. On average, they predict the company's stock price to reach $98.83 in the next year. This suggests a possible upside of 135.2% 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 2023?

Clearfield's stock was trading at $94.14 at the beginning of 2023. Since then, CLFD stock has decreased by 55.4% and is now trading at $42.02.
View the best growth stocks for 2023 here
.

Are investors shorting Clearfield?

Clearfield saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,980,000 shares, a drop of 15.4% from the April 30th total of 2,340,000 shares. Based on an average daily volume of 400,300 shares, the days-to-cover ratio is presently 4.9 days. Currently, 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) released its quarterly 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 net margin of 16.77% and a trailing twelve-month return on equity of 24.60%. The firm's revenue for the quarter was up 68.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 earnings per share.

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

Clearfield updated its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (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 variety of retail and institutional investors. Top institutional investors 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 $42.02.

How much money does Clearfield make?

Clearfield (NASDAQ:CLFD) has a market capitalization of $640.81 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 6/7/2023 by MarketBeat.com Staff

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