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NASDAQ:CLFD - Clearfield Stock Price, Forecast & News

$11.00
+0.76 (+7.42 %)
(As of 03/31/2020 02:12 AM ET)
Today's Range
$10.26
Now: $11.00
$11.00
50-Day Range
$9.03
MA: $10.86
$12.55
52-Week Range
$8.32
Now: $11.00
$15.99
Volume14,467 shs
Average Volume20,768 shs
Market Capitalization$150.23 million
P/E Ratio36.67
Dividend YieldN/A
Beta1.52
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 ODC outdoor active cabinet products. In addition, the company offers 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. Further, it 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. Additionally, 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, and MSO/cable TV companies, as well as the utility/municipality, enterprise, data center, and military 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.
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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CLFD
CUSIPN/A
Phone763-476-6866

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.03 million
Cash Flow$0.53 per share
Book Value$5.49 per share

Profitability

Net Income$4.57 million

Miscellaneous

Employees225
Market Cap$150.23 million
Next Earnings Date4/23/2020 (Estimated)
OptionableOptionable

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Clearfield (NASDAQ:CLFD) Frequently Asked Questions

How has Clearfield's stock been impacted by COVID-19 (Coronavirus)?

Clearfield's stock was trading at $10.25 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CLFD stock has increased by 7.3% and is now trading at $11.00. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Clearfield?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearfield in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Clearfield.

When is Clearfield's next earnings date?

Clearfield is scheduled to release its next quarterly earnings announcement on Thursday, April 23rd 2020. View our earnings forecast for Clearfield.

How were Clearfield's earnings last quarter?

Clearfield Inc (NASDAQ:CLFD) issued its quarterly earnings data on Thursday, January, 23rd. The communications equipment provider reported $0.04 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.05 by $0.01. The communications equipment provider earned $19.38 million during the quarter, compared to analysts' expectations of $21.11 million. Clearfield had a net margin of 4.81% and a return on equity of 5.50%. View Clearfield's earnings history.

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

Clearfield issued an update on its FY 2020 After-Hours earnings guidance on Thursday, January, 23rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $92-95 million, compared to the consensus revenue estimate of $93.68 million.

What price target have analysts set for CLFD?

2 analysts have issued 12-month price objectives for Clearfield's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate Clearfield's share price to reach $18.00 in the next twelve months. This suggests a possible upside of 63.6% from the stock's current price. View analysts' price targets for Clearfield.

What are Wall Street analysts saying about Clearfield stock?

Here are some recent quotes from research analysts about Clearfield stock:
  • 1. According to Zacks Investment Research, "CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments. " (3/18/2020)
  • 2. Northland Securities analysts commented, "We see increased visibility on 5G opportunities as a catalyst for the shares in 2HCY19." (7/26/2019)

Has Clearfield been receiving favorable news coverage?

News articles about CLFD stock have trended very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Clearfield earned a daily sentiment score of -3.7 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutClearfield.

Are investors shorting Clearfield?

Clearfield saw a increase in short interest in March. As of March 13th, there was short interest totaling 71,400 shares, an increase of 49.1% from the February 27th total of 47,900 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is presently 2.8 days. Approximately 0.6% of the company's shares are short sold. View Clearfield's Current Options Chain.

Who are some of Clearfield's key competitors?

What other stocks do shareholders of Clearfield own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Clearfield investors own include Wendys (WEN), Clearside Biomedical (CLSD), Primo Water (PRMW), AT&T (T), Allena Pharmaceuticals (ALNA), Corbus Pharmaceuticals (CRBP), Cypress Semiconductor (CY), First Solar (FSLR), Gogo (GOGO) and Huntington Bancshares (HBAN).

Who are Clearfield's key executives?

Clearfield's management team includes the following people:
  • Ms. Cheryl P. Beranek, CEO, Pres & Director (Age 57)
  • Mr. Daniel R. Herzog, Chief Financial Officer (Age 55)
  • Mr. John P. Hill, Chief Operating Officer (Age 53)
  • Mr. Kevin Morgan, Chief Marketing Officer
  • Ms. Rosa Burns, Chief Revenue Officer

What is Clearfield's stock symbol?

Clearfield trades on the NASDAQ under the ticker symbol "CLFD."

How do I buy shares of Clearfield?

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

What is Clearfield's stock price today?

One share of CLFD stock can currently be purchased for approximately $11.00.

How big of a company is Clearfield?

Clearfield has a market capitalization of $150.23 million and generates $85.03 million in revenue each year. The communications equipment provider earns $4.57 million in net income (profit) each year or $0.34 on an earnings per share basis. Clearfield employs 225 workers across the globe. View additional information about Clearfield.

What is Clearfield's official website?

The official website for Clearfield is http://www.seeclearfield.com/.

How can I contact Clearfield?

Clearfield's mailing address is 7050 WINNETKA AVENUE NORTH SUITE 100, BROOKLYN PARK MN, 55428. The communications equipment provider can be reached via phone at 763-476-6866 or via email at [email protected]


MarketBeat Community Rating for Clearfield (NASDAQ CLFD)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  251 (Vote Outperform)
Underperform Votes:  288 (Vote Underperform)
Total Votes:  539
MarketBeat's community ratings are surveys of what our community members think about Clearfield and other stocks. Vote "Outperform" if you believe CLFD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLFD will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/31/2020 by MarketBeat.com Staff

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