Clearfield (NASDAQ:CLFD) Releases Q1 Earnings Guidance

Clearfield (NASDAQ:CLFD) issued an update on its first quarter earnings guidance on Thursday morning. The company provided EPS guidance of $(0.35)-$(0.28) for the period, compared to the consensus EPS estimate of ($0.23). The company issued revenue guidance of $33-$38 million, compared to the consensus revenue estimate of $38.20 million. Clearfield also updated its FY 2025 guidance to EPS.

Clearfield Stock Up 1.5 %

Shares of Clearfield stock traded up $0.55 during trading on Thursday, reaching $36.80. The stock had a trading volume of 351,161 shares, compared to its average volume of 155,136. The company has a current ratio of 8.38, a quick ratio of 5.73 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $523.96 million, a price-to-earnings ratio of -58.47 and a beta of 1.35. The stock has a fifty day moving average price of $37.56 and a two-hundred day moving average price of $37.62. Clearfield has a 52 week low of $23.45 and a 52 week high of $44.83.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CLFD shares. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Clearfield in a research report on Tuesday, September 24th. Lake Street Capital upgraded shares of Clearfield from a “hold” rating to a “buy” rating and increased their target price for the stock from $31.00 to $47.00 in a report on Friday, August 2nd. Northland Securities lifted their price target on shares of Clearfield from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com downgraded shares of Clearfield from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Finally, Roth Mkm lowered their target price on Clearfield from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.75.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.