Shares of Clearfield Inc (NASDAQ:CLFD) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $17.00 for the company and are expecting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given Clearfield an industry rank of 57 out of 256 based on the ratings given to related companies.
Several research analysts have recently commented on the company. TheStreet lowered Clearfield from a “b” rating to a “c+” rating in a research report on Friday, April 26th. Northland Securities restated a “buy” rating and set a $17.00 price objective on shares of Clearfield in a research report on Friday, July 26th. ValuEngine lowered Clearfield from a “buy” rating to a “hold” rating in a research report on Tuesday, June 4th. Finally, Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a research report on Wednesday, June 26th.
Shares of CLFD traded up $0.44 during mid-day trading on Wednesday, hitting $13.50. The stock had a trading volume of 196 shares, compared to its average volume of 15,222. The stock has a market capitalization of $182.41 million, a P/E ratio of 42.19 and a beta of 1.53. The company’s fifty day moving average price is $13.32. Clearfield has a fifty-two week low of $8.41 and a fifty-two week high of $16.75.
Clearfield (NASDAQ:CLFD) last issued its earnings results on Thursday, July 25th. The communications equipment provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $21.89 million during the quarter, compared to analyst estimates of $22.50 million. Clearfield had a return on equity of 6.49% and a net margin of 5.46%. Analysts forecast that Clearfield will post 0.3 EPS for the current 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.
Read More: Momentum Indicators
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Clearfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield and related companies with MarketBeat.com's FREE daily email newsletter.