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NASDAQ:CLFD

Clearfield Stock Forecast, Price & News

$19.03
+0.31 (+1.66 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$18.45
Now: $19.03
$19.57
50-Day Range
$17.60
MA: $19.55
$22.21
52-Week Range
$8.32
Now: $19.03
$23.47
Volume56,437 shs
Average Volume43,108 shs
Market Capitalization$259.70 million
P/E Ratio42.29
Dividend YieldN/A
Beta1.08
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: 1.5Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.01 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$85.03 million
Cash Flow$0.47 per share
Book Value$5.49 per share

Profitability

Net Income$4.57 million

Miscellaneous

Employees225
Market Cap$259.70 million
Next Earnings Date11/5/2020 (Estimated)
OptionableOptionable
$19.03
+0.31 (+1.66 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Clearfield (NASDAQ:CLFD) Frequently Asked Questions

How has Clearfield's stock price 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 85.7% and is now trading at $19.03.
View which stocks have been most impacted by COVID-19
.

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, November 5th 2020.
View our earnings forecast for Clearfield
.

How were Clearfield's earnings last quarter?

Clearfield Inc (NASDAQ:CLFD) announced its earnings results on Thursday, July, 23rd. The communications equipment provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.08 by $0.14. The communications equipment provider earned $25.97 million during the quarter, compared to the consensus estimate of $23 million. Clearfield had a return on equity of 8.00% and a net margin of 6.83%.
View Clearfield's earnings history
.

What price target have analysts set for CLFD?

2 brokerages have issued 1 year price objectives for Clearfield's shares. Their forecasts range from $17.00 to $18.00. On average, they expect Clearfield's stock price to reach $17.50 in the next twelve months. This suggests that the stock has a possible downside of 8.0%.
View analysts' price targets for Clearfield
.

Are investors shorting Clearfield?

Clearfield saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 149,700 shares, an increase of 28.1% from the August 31st total of 116,900 shares. Based on an average daily volume of 79,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.4% of the company's stock are short sold.
View Clearfield's Short Interest
.

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), Akoustis Technologies (AKTS), Clearside Biomedical (CLSD), JD.Com (JD), ACADIA Pharmaceuticals (ACAD), Advanced Micro Devices (AMD), Baidu (BIDU), Green Brick Partners (GRBK), Horizon Therapeutics (HZNP) and Inseego (INSG).

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."

Who are Clearfield's major shareholders?

Clearfield's stock is owned by many different institutional and retail investors. Top institutional shareholders include All Terrain Financial Advisors LLC (0.79%), Cadence Capital Management LLC (0.74%), Worth Venture Partners LLC (0.53%), Nuveen Asset Management LLC (0.31%), Goldman Sachs Group Inc. (0.13%) and Strs Ohio (0.12%). Company insiders that own Clearfield stock include Patrick Goepel and Ronald G Roth.
View institutional ownership trends for Clearfield
.

Which institutional investors are selling Clearfield stock?

CLFD stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, All Terrain Financial Advisors LLC, Worth Venture Partners LLC, and Prudential Financial Inc..
View insider buying and selling activity for Clearfield
.

Which institutional investors are buying Clearfield stock?

CLFD stock was acquired by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC, Bank of America Corp DE, Goldman Sachs Group Inc., Nuveen Asset Management LLC, and Strs Ohio.
View insider buying and selling activity for Clearfield
.

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 $19.03.

How big of a company is Clearfield?

Clearfield has a market capitalization of $259.70 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.

What is Clearfield's official website?

The official website for Clearfield is 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 9/26/2020 by MarketBeat.com Staff

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