Clearfield Inc (NASDAQ:CLFD) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $17.00 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 35 out of 256 based on the ratings given to its competitors.
Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. TheStreet raised shares of Zimmer Biomet from a “c” rating to a “b-” rating in a research note on Friday, April 26th. Finally, ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th.
CLFD traded up $0.31 during midday trading on Tuesday, hitting $13.38. The company had a trading volume of 38,102 shares, compared to its average volume of 26,004. Clearfield has a 52 week low of $8.41 and a 52 week high of $16.75. The stock has a market cap of $179.96 million, a P/E ratio of 41.81 and a beta of 1.53. The stock’s 50 day simple moving average is $13.33.
Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Thursday, April 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clearfield had a net margin of 6.03% and a return on equity of 7.22%. The company had revenue of $19.08 million during the quarter, compared to the consensus estimate of $19.00 million. As a group, analysts predict that Clearfield will post 0.3 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of CLFD. BlackRock Inc. grew its holdings in shares of Clearfield by 0.5% during the fourth quarter. BlackRock Inc. now owns 818,955 shares of the communications equipment provider’s stock valued at $8,124,000 after buying an additional 3,920 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Clearfield by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 111,925 shares of the communications equipment provider’s stock valued at $1,110,000 after buying an additional 5,110 shares during the last quarter. Cadence Capital Management LLC acquired a new position in shares of Clearfield during the first quarter valued at about $1,232,000. O Shaughnessy Asset Management LLC grew its holdings in shares of Clearfield by 82.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,237 shares of the communications equipment provider’s stock valued at $239,000 after buying an additional 7,320 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Clearfield by 47.0% during the fourth quarter. Rhumbline Advisers now owns 15,332 shares of the communications equipment provider’s stock valued at $152,000 after buying an additional 4,902 shares during the last quarter. 29.06% of the stock is owned by hedge funds and other institutional investors.
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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