NASDAQ:CLRO - Clearone Stock Price, News, & Analysis

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$2.12 +0.06 (+2.91 %)
(As of 03/21/2019 02:01 AM ET)
Previous Close$2.06
Today's Range$2.03 - $2.13
52-Week Range$1.12 - $8.24
Volume22,200 shs
Average Volume290,185 shs
Market Capitalization$17.61 million
P/E RatioN/A
Dividend YieldN/A
Beta1.01
ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications. It also provides unified communications audio end points comprising traditional tabletop conferencing phones used in conference rooms and offices; and personal conferencing products that could be used with PCs, laptops, tablets, smartphones, and other portable devices. The company's audio communication products and unified communications audio end points enhance communication during a conference call by eliminating echo and background noise. In addition, it offers visual communication products, such as video conferencing products; streaming products, which deliver the Internet protocol (IP) A/V experience by streaming time sensitive high definition audio and video and control over TCP/IP networks; and digital signage systems. The company sells its commercial products to a network of independent audiovisual, information technology, and telecommunications distributors, as well as independent systems integrators, dealers, value-added resellers, and end-users. ClearOne, Inc. was founded in 1983 and is headquartered in Salt Lake City, Utah.

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Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CLRO
CUSIPN/A
Phone801-975-7200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$41.80 million
Book Value$6.72 per share

Profitability

Net Income$-14,170,000.00

Miscellaneous

EmployeesN/A
Market Cap$17.61 million
Next Earnings Date4/19/2019 (Estimated)
OptionableNot Optionable

Clearone (NASDAQ:CLRO) Frequently Asked Questions

What is Clearone's stock symbol?

Clearone trades on the NASDAQ under the ticker symbol "CLRO."

How will Clearone's stock buyback program work?

Clearone declared that its Board of Directors has initiated a stock repurchase program on Sunday, April 9th 2017, which authorizes the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

How were Clearone's earnings last quarter?

Clearone Inc (NASDAQ:CLRO) issued its earnings results on Thursday, August, 9th. The communications equipment provider reported ($0.22) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.25) by $0.03. The communications equipment provider had revenue of $6.97 million for the quarter. Clearone had a negative net margin of 58.81% and a negative return on equity of 29.31%. View Clearone's Earnings History.

When is Clearone's next earnings date?

Clearone is scheduled to release their next quarterly earnings announcement on Friday, April 19th 2019. View Earnings Estimates for Clearone.

What price target have analysts set for CLRO?

1 brokers have issued 1 year target prices for Clearone's shares. Their predictions range from $6.00 to $6.00. On average, they anticipate Clearone's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 183.0% from the stock's current price. View Analyst Price Targets for Clearone.

What is the consensus analysts' recommendation for Clearone?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Clearone in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Clearone.

Has Clearone been receiving favorable news coverage?

News headlines about CLRO stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog 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. Clearone earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future.

Who are some of Clearone's key competitors?

What other stocks do shareholders of Clearone own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Clearone investors own include Comerica (CMA), Honda Motor (HMC), Allena Pharmaceuticals (ALNA), Landec (LNDC), NII (NIHD), Westwater Resources (WWR), AXT (AXTI), Ampliphi Biosciences (APHB), 8Point3 Energy Partners (CAFD) and First Hawaiian (FHB).

Who are Clearone's key executives?

Clearone's management team includes the folowing people:
  • Ms. Zeynep Hakimoglu, Chairman, CEO & Pres (Age 62)
  • Mr. Narsi Narayanan, Sr. VP of Fin. & Corp. Sec. (Age 48)
  • Mr. Joe Stockton, Professional

Who are Clearone's major shareholders?

Clearone's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (0.73%), Dimensional Fund Advisors LP (0.73%), California Public Employees Retirement System (0.61%), LSV Asset Management (0.47%), Geode Capital Management LLC (0.46%) and Geode Capital Management LLC (0.46%). Company insiders that own Clearone stock include E Bryan Bagley, Edward D Bagley, Larry Hendricks and Zeynep Hakimoglu. View Institutional Ownership Trends for Clearone.

Which major investors are selling Clearone stock?

CLRO stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management. View Insider Buying and Selling for Clearone.

Which major investors are buying Clearone stock?

CLRO stock was purchased by a variety of institutional investors in the last quarter, including Alambic Investment Management L.P., Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, California Public Employees Retirement System, Geode Capital Management LLC, Geode Capital Management LLC and BlackRock Inc.. Company insiders that have bought Clearone stock in the last two years include E Bryan Bagley, Edward D Bagley and Zeynep Hakimoglu. View Insider Buying and Selling for Clearone.

How do I buy shares of Clearone?

Shares of CLRO 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, Scottrade, Fidelity and Charles Schwab.

What is Clearone's stock price today?

One share of CLRO stock can currently be purchased for approximately $2.12.

How big of a company is Clearone?

Clearone has a market capitalization of $17.61 million and generates $41.80 million in revenue each year.

What is Clearone's official website?

The official website for Clearone is http://www.clearone.com.

How can I contact Clearone?

Clearone's mailing address is 5225 WILEY POST WAY SUITE 500, SALT LAKE CITY UT, 84116. The communications equipment provider can be reached via phone at 801-975-7200 or via email at [email protected]


MarketBeat Community Rating for Clearone (NASDAQ CLRO)

Community Ranking:  3.1 out of 5 (star star star)
Outperform Votes:  237 (Vote Outperform)
Underperform Votes:  145 (Vote Underperform)
Total Votes:  382
MarketBeat's community ratings are surveys of what our community members think about Clearone and other stocks. Vote "Outperform" if you believe CLRO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CLRO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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