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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
The Largest Ever Technology Wave Is Coming! (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
The Largest Ever Technology Wave Is Coming! (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
The Largest Ever Technology Wave Is Coming! (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
The Largest Ever Technology Wave Is Coming! (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
The Largest Ever Technology Wave Is Coming! (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
South African president appoints judge to oversee weapons-for-Russia inquiry
The Largest Ever Technology Wave Is Coming! (Ad)
3 Cheap (and Tax-Free) Dividends That Love Debt-Ceiling Drama
Poland imposes sanctions on 365 Belarusians over 'draconian' verdict against journalist
NASDAQ:CLFD

Clearfield (CLFD) Stock Forecast, Price & News

$38.65
+0.92 (+2.44%)
(As of 05/26/2023 04:00 PM ET)
Compare
Today's Range
$37.30
$39.02
50-Day Range
$35.27
$47.44
52-Week Range
$30.00
$134.90
Volume
201,100 shs
Average Volume
434,904 shs
Market Capitalization
$589.41 million
P/E Ratio
10.14
Dividend Yield
N/A
Price Target
$98.83

Clearfield MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
155.7% Upside
$98.83 Price Target
Short Interest
Healthy
15.30% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.82mentions of Clearfield in the last 14 days
Based on 9 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.

2.21 out of 5 stars

Computer And Technology Sector

282nd out of 618 stocks

Telephone & Telegraph Apparatus Industry

7th out of 12 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

Clearfield (NASDAQ: CLFD)
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.
Clearfield: Mr. Market's Overreaction
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.
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
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CLFD Company Calendar

Last Earnings
2/02/2023
Today
5/29/2023
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
+155.7%
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
$3.83 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
12,920,000
Market Cap
$589.41 million
Optionable
Optionable
Beta
1.30

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 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 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

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