News stories about Clearfield (NASDAQ:CLFD) have been trending positive this week, AlphaOne Sentiment Analysis reports. AlphaOne, a unit of Accern, ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Clearfield earned a coverage optimism score of 0.28 on AlphaOne’s scale. AlphaOne also assigned media headlines about the communications equipment provider an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.
Clearfield (CLFD) traded up 1.11% during midday trading on Friday, hitting $13.65. The company’s stock had a trading volume of 53,782 shares. Clearfield has a one year low of $12.20 and a one year high of $21.60. The company has a market cap of $192.38 million, a price-to-earnings ratio of 27.35 and a beta of 1.36. The company’s 50-day moving average is $13.72 and its 200 day moving average is $16.84.
Clearfield (NASDAQ:CLFD) last posted its earnings results on Friday, April 28th. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by $0.03. The company had revenue of $17.70 million for the quarter, compared to analyst estimates of $20.85 million. Clearfield had a return on equity of 10.68% and a net margin of 8.58%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.11 earnings per share. On average, analysts predict that Clearfield will post $0.32 EPS for the current year.
Separately, Zacks Investment Research downgraded Clearfield from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd.
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In related news, Chairman Ronald G. Roth bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were purchased at an average cost of $14.14 per share, with a total value of $70,700.00. Following the completion of the acquisition, the chairman now directly owns 1,219,170 shares in the company, valued at $17,239,063.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 18.30% of the stock is owned by company insiders.
Clearfield Company Profile
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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