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.
View CLFD analyst ratings or view top-rated stocks.

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.
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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.
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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.

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) 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.

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 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.

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 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.
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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 $42.02.

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.

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.