Clearfield Inc. (NASDAQ:CLFD)’s share price traded up 3.2% on Tuesday . The company traded as high as $18.95 and last traded at $18.81, with a volume of 58,968 shares. The stock had previously closed at $18.23.

Separately, Zacks Investment Research upgraded Clearfield from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Thursday, May 5th.

The stock has a market cap of $265.11 million and a PE ratio of 40.02. The company’s 50-day moving average is $18.70 and its 200 day moving average is $17.17.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm earned $21.60 million during the quarter, compared to the consensus estimate of $17.85 million. The business’s revenue was up 18.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Equities research analysts anticipate that Clearfield Inc. will post $0.50 earnings per share for the current fiscal year.

In related news, Chairman Ronald G. Roth bought 5,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were bought at an average cost of $17.97 per share, for a total transaction of $89,850.00. Following the completion of the transaction, the chairman now owns 1,208,725 shares of the company’s stock, valued at $21,720,788.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cheryl Beranek sold 10,000 shares of Clearfield stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $19.21, for a total value of $192,100.00. Following the transaction, the chief executive officer now owns 592,025 shares in the company, valued at $11,372,800.25. The disclosure for this sale can be found here.

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, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies.

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