Clearfield (CLFD) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last twelve months. There are currently 3 hold ratings 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.
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5 equities research analysts have issued 12 month price targets for Clearfield's stock. Their CLFD share price targets range from $36.00 to $47.00. On average, they predict the company's share price to reach $42.20 in the next twelve months. This suggests a possible upside of 49.6% from the stock's current price.
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Clearfield's stock was trading at $29.08 on January 1st, 2024. Since then, CLFD shares have decreased by 3.0% and is now trading at $28.21.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Clearfield, Inc. (NASDAQ:CLFD) released its quarterly earnings data on Thursday, February, 1st. The communications equipment provider reported ($0.35) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.05. The communications equipment provider had revenue of $34.20 million for the quarter, compared to the consensus estimate of $29.88 million. Clearfield had a net margin of 6.00% and a trailing twelve-month return on equity of 4.22%. The company's quarterly revenue was down 60.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS.

ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN), SPDR S&P Telecom ETF (XTL) and Roundhill Acquirers Deep Value ETF (DEEP).Hypatia Women CEO ETF (WCEO).

Clearfield issued an update on its second quarter 2024 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of -0.550--0.490 for the period, compared to the consensus earnings per share estimate of -0.350. The company issued revenue guidance of $29.0 million-$33.0 million, compared to the consensus revenue estimate of $30.6 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).

Shares of CLFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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