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NASDAQ:CLFDClearfield Stock Price, Forecast & News

$11.81
+0.06 (+0.51 %)
(As of 04/10/2020 01:44 AM ET)
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Today's Range
$11.59
Now: $11.81
$11.94
50-Day Range
$9.03
MA: $10.69
$12.06
52-Week Range
$8.32
Now: $11.81
$15.99
Volume13,072 shs
Average Volume22,588 shs
Market Capitalization$161.29 million
P/E Ratio39.37
Dividend YieldN/A
Beta1.12
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.76 out of 5 stars


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$161.29 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CLFD shares have increased by 15.2% and is now trading at $11.81. View which stocks have been most 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The communications equipment provider had revenue of $19.38 million for the quarter, compared to analyst estimates 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 updated 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 Wall Street analysts have issued 1-year price objectives for Clearfield's stock. Their forecasts range from $17.00 to $19.00. On average, they anticipate Clearfield's share price to reach $18.00 in the next year. This suggests a possible upside of 52.4% 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?

Media headlines about CLFD stock have been trending very negative on Friday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Clearfield earned a news impact score of -3.3 on InfoTrie's scale. They also gave news articles about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock'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 trading volume of 25,400 shares, the short-interest ratio is currently 2.8 days. Approximately 0.6% of the shares of the stock 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 $11.81.

How big of a company is Clearfield?

Clearfield has a market capitalization of $161.29 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]

This page was last updated on 4/10/2020 by MarketBeat.com Staff

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