NASDAQ:CLFD

Clearfield (CLFD) Stock Forecast, Price & News

$30.97

+0.45 (+1.47%)

(As of 09/22/2023 ET)

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Today's Range: $30.45
▼
$31.21
50-Day Range: $29.91
▼
$49.13
52-Week Range: $29.58
▼
$134.90

Volume: 200,148 shs
Average Volume: 170,138 shs
Market Capitalization: $472.60 million

P/E Ratio: 9.62
Dividend Yield: N/A
Price Target: $80.43

Clearfield MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 159.7% Upside
$80.43 Price Target
Short Interest: Bearish
14.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.38
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$19,932 Bought Last Quarter
Proj. Earnings Growth: -53.85%
From $2.08 to $0.96 Per Share

Overall MarketRank^™

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

2.28 out of 5 stars

Computer And Technology Sector

286th out of 586 stocks

Telephone & Telegraph Apparatus Industry

5th out of 11 stocks

3.3

Analyst's Opinion

Consensus Rating
Clearfield has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $80.43, Clearfield has a forecasted upside of 159.7% from its current price of $30.97.
Amount of Analyst Coverage
Clearfield has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
14.90% of the float of Clearfield has been sold short.
Short Interest Ratio / Days to Cover
Clearfield has a short interest ratio ("days to cover") of 9.3.
Change versus previous month
Short interest in Clearfield has recently increased by 1.05%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Clearfield does not currently pay a dividend.
Dividend Growth
Clearfield does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CLFD.

3.0

News and Social Media Coverage

News Sentiment
Clearfield has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Clearfield this week, compared to 3 articles on an average week.
Search Interest
6 people have searched for CLFD on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
4 people have added Clearfield to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Clearfield insiders have bought more of their company's stock than they have sold. Specifically, they have bought $19,932.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
15.30% of the stock of Clearfield is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
66.56% of the stock of Clearfield is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Clearfield are expected to decrease by -53.85% in the coming year, from $2.08 to $0.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Clearfield is 9.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Clearfield is 9.62, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 256.79.
Price to Book Value per Share Ratio
Clearfield has a P/B Ratio of 2.89. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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.

CLFD Price History

30 days | 90 days | 365 days | Advanced Chart

CLFD Stock News Headlines

September 23, 2023 | msn.com

52-year-old woman reported missing, endangered out of Clearfield

September 22, 2023 | americanbankingnews.com

Clearfield (NASDAQ:CLFD) Rating Increased to Hold at StockNews.com

September 24, 2023 | Altimetry (Ad)

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September 21, 2023 | finance.yahoo.com

Clearfield, Inc. (NASDAQ:CLFD) is a favorite amongst institutional investors who own 68%

September 20, 2023 | finance.yahoo.com

Clearfield Blows Past Traditional MPO Limits with FieldShield® Blowable MPO Fibre Assemblies

September 16, 2023 | americanbankingnews.com

StockNews.com Downgrades Clearfield (NASDAQ:CLFD) to Sell

September 7, 2023 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy Clearfield Stock

August 30, 2023 | finance.yahoo.com

Clearfield’s SeeChange Honored with 2023 ISE Network Innovator Award

September 24, 2023 | Altimetry (Ad)

DOD Consultant's big 2024 prediction looks to be coming true

August 28, 2023 | finance.yahoo.com

Here’s Why Clearfield (CLFD) Declined in Q2

August 27, 2023 | ca.finance.yahoo.com

Clearfield, Inc. (CLFD) Interactive Stock Chart - Yahoo Finance

August 21, 2023 | baystreet.ca

Clearfield Expands Product Line

August 21, 2023 | finance.yahoo.com

Clearfield Improves First Pass Yield in Fiber Networks by Expanding Product Line to Include ClearPass™ Dust Cap

August 18, 2023 | msn.com

Falling equipment kills working employee in Clearfield

August 17, 2023 | seekingalpha.com

Clearfield Fiscal Q3: Fiber Dreams, Valuation Nightmares

August 10, 2023 | finance.yahoo.com

Does This Valuation Of Clearfield, Inc. (NASDAQ:CLFD) Imply Investors Are Overpaying?

August 8, 2023 | finance.yahoo.com

Clearfield, Inc. to Share Expertise at Fiber Connect 2023

August 5, 2023 | msn.com

Northland Capital Markets Downgrades Clearfield (CLFD)

August 5, 2023 | msn.com

Needham Reiterates Clearfield (CLFD) Buy Recommendation

August 4, 2023 | msn.com

Northland cuts rating on Clearfield to market perform after results

August 4, 2023 | markets.businessinsider.com

Analyst Expectations for Clearfield's Future

August 3, 2023 | finance.yahoo.com

UPDATE -- Clearfield Reports Fiscal Third Quarter 2023 Results

August 3, 2023 | seekingalpha.com

Clearfield GAAP EPS of $0.33, revenue of $61.3M

August 3, 2023 | washingtonpost.com

Clearfield: Fiscal Q3 Earnings Snapshot

August 3, 2023 | finance.yahoo.com

Clearfield Reports Fiscal Third Quarter 2023 Results

July 29, 2023 | msn.com

REO FOUND: Homeless family cares for dog stolen in Clearfield car theft

July 29, 2023 | msn.com

Family of dog stolen in Clearfield car theft ups reward to $2,500 for Shih-Tzu’s return

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CLFD Company Calendar

Last Earnings: 8/03/2023
Today: 9/24/2023
Fiscal Year End: 9/30/2023
Next Earnings (Estimated): 11/16/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Telephone & telegraph apparatus
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:CLFD
CUSIP: N/A
CIK: 796505
Web: www.seeclearfield.com
Phone: (763) 476-6866
Fax: 763-475-8457
Employees: 407
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $80.43
High Stock Price Forecast: $141.00
Low Stock Price Forecast: $38.00
Forecasted Upside/Downside: +159.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.22
Trailing P/E Ratio: 9.62
Forward P/E Ratio: 14.89
P/E Growth: N/A
Net Income: $49.36 million
Net Margins: 14.91%
Pretax Margin: 19.21%
Return on Equity: 17.69%
Return on Assets: 14.41%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 8.21
Quick Ratio: 5.37

Sales & Book Value

Annual Sales: $270.88 million
Price / Sales: 1.74
Cash Flow: $3.83 per share
Price / Cash Flow: 8.09
Book Value: $10.71 per share
Price / Book: 2.89

Miscellaneous

Outstanding Shares: 15,260,000
Free Float: 12,927,000
Market Cap: $472.60 million
Optionable: Optionable
Beta: 1.36

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Key Executives

Ms. Cheryl P. Beranek (Age 61)
CEO, Pres & Director
Comp: $1.35M

Mr. Daniel R. Herzog (Age 59)
Chief Financial Officer
Comp: $578.22k

Mr. John P. Hill (Age 57)
Chief Operating Officer
Comp: $1.35M

Mr. Skip Hansen
Chief Information Officer

Frank J. Brixius Jr.
Gen. Counsel & Sec.

Mr. Kevin Morgan
Chief Marketing Officer

Mr. Bob Cody
VP of HR & Office of Resource Management

Mr. Allen Griser
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CLFD shares.
View CLFD analyst ratings or view top-rated stocks.
What is Clearfield's stock price forecast for 2023?: 7 analysts have issued 1-year target prices for Clearfield's shares. Their CLFD share price forecasts range from $38.00 to $141.00. On average, they anticipate the company's share price to reach $80.43 in the next year. This suggests a possible upside of 159.7% 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 start of the year. Since then, CLFD shares have decreased by 67.1% and is now trading at $30.97.
View the best growth stocks for 2023 here.
When is Clearfield's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our CLFD earnings forecast.
How were Clearfield's earnings last quarter?: Clearfield, Inc. (NASDAQ:CLFD) issued its quarterly earnings data on Thursday, August, 3rd. The communications equipment provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.24. The communications equipment provider earned $61.30 million during the quarter, compared to analyst estimates of $53.82 million. Clearfield had a trailing twelve-month return on equity of 17.69% and a net margin of 14.91%. The business's quarterly revenue was down 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS.
What ETFs hold Clearfield's stock?: ETFs with the largest weight of Clearfield (NASDAQ:CLFD) stock in their portfolio include SPDR S&P Telecom ETF (XTL), iShares North American Tech-Multimedia Networking ETF (IGN) and Hypatia Women CEO ETF (WCEO).Syntax Stratified SmallCap ETF (SSLY).
What guidance has Clearfield issued on next quarter's earnings?: Clearfield issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $2.05-$2.15 for the period, compared to the consensus earnings per share estimate of $1.85. The company issued revenue guidance of $260.00 million-$275.00 million, compared to the consensus revenue estimate of $266.00 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (13.33%), Franklin Resources Inc. (9.96%), State Street Corp (2.96%), Marshall Wace LLP (2.74%), Neumeier Poma Investment Counsel LLC (2.60%) and Boston Partners (2.56%). Insiders that own company stock include Carol Ann Wirsbinski, 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 $30.97.
How much money does Clearfield make?: Clearfield (NASDAQ:CLFD) has a market capitalization of $472.60 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 $3.22 on an earnings per share basis.
How many employees does Clearfield have?: The company employs 407 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 9/24/2023 by MarketBeat.com Staff

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