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NASDAQ:CLFD

Clearfield - CLFD Stock Forecast, Price & News

$44.93
+0.59 (+1.33%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$44.46
$45.63
50-Day Range
$44.34
$76.15
52-Week Range
$43.56
$134.90
Volume
256,027 shs
Average Volume
481,344 shs
Market Capitalization
$683.83 million
P/E Ratio
11.82
Dividend Yield
N/A
Price Target
$108.83

Clearfield MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
142.2% Upside
$108.83 Price Target
Short Interest
Bearish
13.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.14mentions of Clearfield in the last 14 days
Based on 9 Articles This Week
Insider Trading
Acquiring Shares
$379,900 Bought Last Quarter
Proj. Earnings Growth
22.57%
From $4.12 to $5.05 Per Share

Overall MarketRank

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

2.88 out of 5 stars

Computer And Technology Sector

62nd out of 615 stocks

Telephone & Telegraph Apparatus Industry

2nd out of 11 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

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
StockNews.com Downgrades Clearfield (NASDAQ:CLFD) to Sell
Analysts Set Clearfield, Inc. (NASDAQ:CLFD) PT at $116.33
My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
Clearfield: Fiscal Q1 Earnings Snapshot
Where Clearfield Stands With Analysts
Why Clearfield's Stock Cratered 15.2% Today
Can Top-Line Growth Aid Clearfield's (CLFD) Q1 Earnings?
See More Headlines
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Sign-up to receive the latest news and ratings for Clearfield and its competitors with MarketBeat's FREE daily newsletter.

CLFD Company Calendar

Last Earnings
2/02/2023
Today
3/29/2023
Next Earnings (Estimated)
4/27/2023
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
$108.83
High Stock Price Forecast
$141.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+140.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$49.36 million
Pretax Margin
22.44%

Debt

Sales & Book Value

Annual Sales
$270.88 million
Cash Flow
$3.83 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
12,891,000
Market Cap
$688.10 million
Optionable
Optionable
Beta
1.36

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

What is Clearfield's stock price forecast for 2023?

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.
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 stock has decreased by 52.0% and is now trading at $45.21.
View the best growth stocks for 2023 here
.

Are investors shorting Clearfield?

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.
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, April 27th 2023.
View our CLFD earnings forecast
.

How were Clearfield's earnings last quarter?

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.

What guidance has Clearfield issued on next quarter's earnings?

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.

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 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.
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 $45.21.

How much money does Clearfield make?

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.

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 3/29/2023 by MarketBeat.com Staff