Media stories about Clearfield (NASDAQ:CLFD) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Clearfield earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 45.0473872820779 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages recently weighed in on CLFD. ValuEngine upgraded Clearfield from a “strong sell” rating to a “sell” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a research note on Friday, May 11th. Finally, Lake Street Capital set a $15.00 target price on Clearfield and gave the stock a “buy” rating in a research note on Friday, April 27th.
Clearfield traded down $0.25, hitting $10.55, on Thursday, MarketBeat reports. 32,979 shares of the company’s stock were exchanged, compared to its average volume of 30,671. Clearfield has a 12-month low of $10.35 and a 12-month high of $15.30. The company has a market cap of $145.70 million, a price-to-earnings ratio of 37.68 and a beta of 0.97.
Clearfield (NASDAQ:CLFD) last announced its earnings results on Thursday, April 26th. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). Clearfield had a return on equity of 5.71% and a net margin of 3.77%. The business had revenue of $16.83 million for the quarter, compared to analysts’ expectations of $17.70 million. sell-side analysts predict that Clearfield will post 0.25 EPS for the current year.
In other Clearfield news, Chairman Ronald G. Roth bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $61,050.00. Following the purchase, the chairman now directly owns 1,225,742 shares in the company, valued at $14,966,309.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 6,411 shares of company stock worth $77,373. 18.50% of the stock is owned by company insiders.
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 Clearview cassette, a building block of the company's product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassette's housing to support a range of applications; Clearview xPAK to land small port count fiber terminations and optical components; Clearview Black, which is designed to handle harsh environments; and fiber deep for cable-to-cable deployment, as well as packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform.
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