Shares of Clearfield Inc (NASDAQ:CLFD) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $17.00 for the company and are predicting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Clearfield an industry rank of 32 out of 256 based on the ratings given to its competitors.
A number of research firms have recently weighed in on CLFD. Zacks Investment Research raised Clearfield from a “sell” rating to a “hold” rating in a research report on Friday, May 24th. ValuEngine lowered Clearfield from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, TheStreet raised Clearfield from a “c+” rating to a “b” rating in a research report on Monday, March 4th.
Shares of Clearfield stock traded up $0.01 during trading hours on Friday, reaching $13.43. 9,408 shares of the company were exchanged, compared to its average volume of 15,752. Clearfield has a 1 year low of $8.41 and a 1 year high of $16.75. The firm has a market capitalization of $183.37 million, a P/E ratio of 41.97 and a beta of 1.61.
Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Clearfield had a return on equity of 7.22% and a net margin of 6.03%. The company had revenue of $19.08 million for the quarter, compared to analysts’ expectations of $19.00 million. On average, equities research analysts expect that Clearfield will post 0.3 EPS for the current year.
Clearfield Company Profile
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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