Shares of Clearfield Inc (NASDAQ:CLFD) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $17.00 for the company and are anticipating that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 13 out of 256 based on the ratings given to related companies.
A number of equities research analysts have recently weighed in on CLFD shares. Zacks Investment Research upgraded Clearfield from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Friday, February 1st. ValuEngine upgraded Clearfield from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, TheStreet upgraded Clearfield from a “c+” rating to a “b” rating in a research report on Monday, March 4th.
Shares of CLFD stock traded up $0.09 during trading hours on Thursday, reaching $13.79. The company’s stock had a trading volume of 18,279 shares, compared to its average volume of 28,003. The firm has a market cap of $189.38 million, a P/E ratio of 43.09 and a beta of 1.64. Clearfield has a one year low of $8.41 and a one year high of $16.75.
Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $19.08 million during the quarter, compared to the consensus estimate of $19.00 million. Clearfield had a return on equity of 7.22% and a net margin of 6.03%. On average, research analysts forecast that Clearfield will post 0.3 EPS for the current fiscal year.
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.
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