News coverage about Clearfield (NASDAQ:CLFD) has trended positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clearfield earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 66 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near term.
Separately, Zacks Investment Research cut Clearfield from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd.
Clearfield (CLFD) opened at 13.45 on Monday. Clearfield has a 12 month low of $12.20 and a 12 month high of $21.60. The stock’s 50 day moving average price is $13.51 and its 200-day moving average price is $16.43. The stock has a market cap of $189.56 million, a PE ratio of 26.95 and a beta of 1.29.
Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Friday, April 28th. The communications equipment provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.03. Clearfield had a return on equity of 10.68% and a net margin of 8.58%. The firm had revenue of $17.70 million during the quarter, compared to the consensus estimate of $20.85 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Clearfield will post $0.32 EPS for the current fiscal year.
In other news, Chairman Ronald G. Roth acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $17,239,063.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 18.30% of the company’s stock.
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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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