Clearfield (CLFD) to Release Quarterly Earnings on Thursday

Clearfield (NASDAQ:CLFD) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.19) per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Clearfield Trading Up 1.6 %

Shares of Clearfield stock traded up $0.58 during trading on Tuesday, hitting $36.08. 15,380 shares of the company were exchanged, compared to its average volume of 153,819. The firm has a market capitalization of $513.71 million, a P/E ratio of -57.90 and a beta of 1.35. Clearfield has a 1-year low of $23.45 and a 1-year high of $44.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.38 and a quick ratio of 5.73. The firm’s fifty day moving average price is $37.56 and its 200 day moving average price is $37.57.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CLFD. Roth Mkm cut their price objective on Clearfield from $47.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Clearfield in a report on Tuesday, September 24th. Northland Securities raised their price objective on shares of Clearfield from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Lake Street Capital raised shares of Clearfield from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $31.00 to $47.00 in a research report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Clearfield from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Insider Activity

In other news, Director Walter Louis Jones, Jr. purchased 1,324 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average cost of $37.77 per share, with a total value of $50,007.48. Following the completion of the transaction, the director now owns 6,061 shares of the company’s stock, valued at $228,923.97. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.00% of the stock is currently owned by insiders.

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.