Headlines about Clearfield (NASDAQ:CLFD) have been trending somewhat positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Clearfield earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 46.7383692012873 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts have weighed in on CLFD shares. Lake Street Capital raised their target price on shares of Clearfield from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Northland Securities set a $15.00 price target on shares of Clearfield and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research upgraded shares of Clearfield from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th.
Clearfield (NASDAQ:CLFD) traded down $0.45 on Tuesday, reaching $13.60. 21,300 shares of the company’s stock traded hands, compared to its average volume of 53,157. Clearfield has a 12-month low of $11.00 and a 12-month high of $21.60. The company has a market capitalization of $194.05, a P/E ratio of 50.18 and a beta of 1.26.
Clearfield (NASDAQ:CLFD) last posted its earnings results on Thursday, November 9th. The communications equipment provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $18.42 million during the quarter, compared to the consensus estimate of $19.50 million. Clearfield had a net margin of 5.20% and a return on equity of 5.95%. equities research analysts expect that Clearfield will post 0.29 earnings per share for the current year.
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Clearfield, Inc manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies.
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