Clearfield - CLFD Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CLFD shares.
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7 Wall Street analysts have issued 12 month price targets for Clearfield's shares. Their CLFD share price forecasts range from $63.00 to $141.00. On average, they predict the company's stock price to reach $108.83 in the next twelve months. This suggests a possible upside of 140.7% from the stock's current price.
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Clearfield's stock was trading at $94.14 at the start of the year. Since then, CLFD stock has decreased by 52.0% and is now trading at $45.21.
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Clearfield saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 1,730,000 shares, an increase of 7.5% from the February 28th total of 1,610,000 shares. Based on an average daily volume of 451,600 shares, the short-interest ratio is currently 3.8 days. Currently, 13.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our CLFD earnings forecast.

Clearfield, Inc. (NASDAQ:CLFD) issued its quarterly earnings results on Thursday, February, 2nd. The communications equipment provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The communications equipment provider earned $85.90 million during the quarter, compared to analyst estimates of $83.56 million. Clearfield had a net margin of 17.41% and a trailing twelve-month return on equity of 30.34%. The company's revenue was up 68.1% on a year-over-year basis. During the same period in the prior 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), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Inspire Fidelis Multi Factor ETF (FDLS), Janus Henderson Small Cap Growth Alpha ETF (JSML), Invesco S&P SmallCap Information Technology ETF (PSCT) and SPDR FactSet Innovative Technology ETF (XITK).

Clearfield issued an update on its FY 2023 earnings guidance on Sunday, February, 5th. The company provided EPS guidance of $4.30-$4.50 for the period, compared to the consensus estimate of $4.31. The company issued revenue guidance of $380.00 million-$393.00 million, compared to the consensus revenue estimate of $385.41 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 institutional and retail investors. Top institutional shareholders include Driehaus Capital Management LLC (3.57%), Dimensional Fund Advisors LP (2.80%), Neumeier Poma Investment Counsel LLC (2.40%), Marshall Wace LLP (2.07%), T. Rowe Price Investment Management Inc. (1.67%) and Geode Capital Management LLC (1.40%). 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 $45.21.

Clearfield (NASDAQ:CLFD) has a market capitalization of $688.10 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 $3.80 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.