NASDAQ:CLFD Clearfield - CLFD Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Clearfield, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $44.93 +0.59 (+1.33%) (As of 03/29/2023 12:00 AM ET) Add Compare Share Share Today's Range$44.46▼$45.6350-Day Range$44.34▼$76.1552-Week Range$43.56▼$134.90Volume256,027 shsAverage Volume481,344 shsMarket Capitalization$683.83 millionP/E Ratio11.82Dividend YieldN/APrice Target$108.83 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Clearfield MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside142.2% Upside$108.83 Price TargetShort InterestBearish13.40% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.14Based on 9 Articles This WeekInsider TradingAcquiring Shares$379,900 Bought Last QuarterProj. Earnings Growth22.57%From $4.12 to $5.05 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector62nd out of 615 stocksTelephone & Telegraph Apparatus Industry2nd out of 11 stocks 4.4 Analyst's Opinion Consensus RatingClearfield has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $108.83, Clearfield has a forecasted upside of 142.2% from its current price of $44.93.Amount of Analyst CoverageClearfield has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted13.40% of the float of Clearfield has been sold short.Short Interest Ratio / Days to CoverClearfield has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Clearfield has recently increased by 7.45%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldClearfield does not currently pay a dividend.Dividend GrowthClearfield does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CLFD. Previous Next 1.0 News and Social Media Coverage News SentimentClearfield has a news sentiment score of -0.14. 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 0.47 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Clearfield this week, compared to 2 articles on an average week.Search InterestOnly 52 people have searched for CLFD on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 15 people have added Clearfield to their MarketBeat watchlist in the last 30 days. This is a decrease of -56% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Clearfield insiders have bought more of their company's stock than they have sold. Specifically, they have bought $379,900.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders15.30% 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 Institutions54.60% of the stock of Clearfield is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Clearfield are expected to grow by 22.57% in the coming year, from $4.12 to $5.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Clearfield is 11.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.24.Price to Earnings Ratio vs. SectorThe P/E ratio of Clearfield is 11.82, 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 317.12.Price to Book Value per Share RatioClearfield has a P/B Ratio of 4.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Clearfield (NASDAQ:CLFD) StockClearfield, 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.Read More Receive CLFD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Clearfield and its competitors with MarketBeat's FREE daily newsletter. Email Address CLFD Stock News HeadlinesMarch 28, 2023 | finance.yahoo.comIs Clearfield (CLFD) a Buy as Wall Street Analysts Look Optimistic?March 26, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) PT Lowered to $63.00 at Lake Street CapitalMarch 29, 2023 | The Oxford Club (Ad)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.March 26, 2023 | americanbankingnews.comClearfield (NASDAQ:CLFD) Sets New 12-Month Low on Analyst DowngradeMarch 24, 2023 | americanbankingnews.comStockNews.com Downgrades Clearfield (NASDAQ:CLFD) to SellMarch 23, 2023 | americanbankingnews.comAnalysts Set Clearfield, Inc. (NASDAQ:CLFD) PT at $116.33March 8, 2023 | finance.yahoo.comClearfield to Participate in the 35th Annual ROTH ConferenceMarch 7, 2023 | finance.yahoo.comBrokers Suggest Investing in Clearfield (CLFD): Read This Before Placing a BetMarch 29, 2023 | The Oxford Club (Ad)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.March 3, 2023 | finance.yahoo.comClearfield, Inc. (CLFD) Is a Trending Stock: Facts to Know Before Betting on ItMarch 3, 2023 | finance.yahoo.comIs There Now An Opportunity In Clearfield, Inc. (NASDAQ:CLFD)?March 1, 2023 | finance.yahoo.comClearfield® SeeChange™ Helps Operators Speed Fiber Deployments as FTTx and 5G Networks RampFebruary 20, 2023 | finance.yahoo.comInvestors Heavily Search Clearfield, Inc. (CLFD): Here is What You Need to KnowFebruary 17, 2023 | finance.yahoo.comWe Think Clearfield, Inc.'s (NASDAQ:CLFD) CEO Compensation Looks FairFebruary 9, 2023 | finance.yahoo.comWall Street Bulls Look Optimistic About Clearfield (CLFD): Should You Buy?February 8, 2023 | finance.yahoo.comClearfield's (NASDAQ:CLFD) earnings growth rate lags the 39% CAGR delivered to shareholdersFebruary 7, 2023 | finance.yahoo.comClearfield, Inc. (CLFD) is Attracting Investor Attention: Here is What You Should KnowFebruary 6, 2023 | finance.yahoo.comClearfield, Inc. (NASDAQ:CLFD) Q1 2023 Earnings Call TranscriptFebruary 3, 2023 | finanznachrichten.deClearfield, Inc.: Clearfield Reports Fiscal First Quarter 2023 ResultsFebruary 3, 2023 | apnews.comClearfield: Fiscal Q1 Earnings SnapshotFebruary 3, 2023 | markets.businessinsider.comAnalysts Offer Insights on Technology Companies: Clearfield (CLFD) and Cognizant (CTSH)February 3, 2023 | markets.businessinsider.comWhere Clearfield Stands With AnalystsFebruary 3, 2023 | finance.yahoo.comWhy Clearfield's Stock Cratered 15.2% TodayFebruary 1, 2023 | finance.yahoo.comCan Top-Line Growth Aid Clearfield's (CLFD) Q1 Earnings?January 18, 2023 | finance.yahoo.comImplied Volatility Surging for Clearfield (CLFD) Stock OptionsJanuary 12, 2023 | finance.yahoo.comClearfield Sets Fiscal First Quarter 2023 Earnings Call for Thursday, February 2, 2023 at 5:00 p.m. ETJanuary 9, 2023 | finance.yahoo.comDo Clearfield's (NASDAQ:CLFD) Earnings Warrant Your Attention?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CLFD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Clearfield and its competitors with MarketBeat's FREE daily newsletter. Email Address CLFD Company Calendar Last Earnings2/02/2023Today3/29/2023Next Earnings (Estimated)4/27/2023Fiscal Year End9/30/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Telephone & telegraph apparatus Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:CLFD CUSIPN/A CIK796505 Webwww.seeclearfield.com Phone(763) 476-6866Fax763-475-8457Employees250Year FoundedN/APrice 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 RatingModerate Buy Rating Score (0-4)2.86 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.80 Trailing P/E Ratio11.90 Forward P/E Ratio10.97 P/E GrowthN/ANet Income$49.36 million Net Margins17.41% Pretax Margin22.44% Return on Equity30.34% Return on Assets23.17% Debt Debt-to-Equity Ratio0.01 Current Ratio6.49 Quick Ratio4.51 Sales & Book Value Annual Sales$270.88 million Price / Sales2.54 Cash Flow$3.83 per share Price / Cash Flow11.81 Book Value$10.71 per share Price / Book4.22Miscellaneous Outstanding Shares15,220,000Free Float12,891,000Market Cap$688.10 million OptionableOptionable Beta1.36 Key ExecutivesCheri BeranekPresident, Chief Executive Officer & DirectorJohnny P. HillChief Operating OfficerDaniel R. HerzogChief Financial Officer & SecretarySkip HansenChief Information OfficerAllen GriserChief Commercial OfficerKey CompetitorsNETGEARNASDAQ:NTGRAudioCodesNASDAQ:AUDCDZSNASDAQ:DZSIAkoustis TechnologiesNASDAQ:AKTSInfineraNASDAQ:INFNView All CompetitorsInsiders & InstitutionsTeachers Retirement System of The State of KentuckyBought 737 shares on 2/22/2023Ownership: 0.023%Alliancebernstein L.P.Sold 823 shares on 2/16/2023Ownership: 0.096%Chartwell Investment Partners LLCBought 12,172 shares on 2/16/2023Ownership: 0.080%Point72 Middle East FZEBought 2,042 shares on 2/16/2023Ownership: 0.013%State of WyomingBought 499 shares on 2/16/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions 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 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), 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). 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 Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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