Shares of Clearfield Inc (NASDAQ:CLFD) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus price target of $16.25 for the company and are forecasting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 193 out of 265 based on the ratings given to its competitors.
CLFD has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Clearfield from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Lake Street Capital restated a “buy” rating on shares of Clearfield in a report on Saturday, December 30th.
Shares of Clearfield (NASDAQ CLFD) remained flat at $$13.75 during midday trading on Friday. 711 shares of the stock traded hands, compared to its average volume of 32,487. Clearfield has a one year low of $11.00 and a one year high of $17.65. The stock has a market cap of $191.27, a price-to-earnings ratio of 47.76 and a beta of 1.07.
Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Thursday, January 25th. The communications equipment provider reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Clearfield had a net margin of 5.39% and a return on equity of 6.00%. The firm had revenue of $16.87 million during the quarter, compared to analysts’ expectations of $18.30 million. research analysts predict that Clearfield will post 0.43 EPS 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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