Clearfield (CLFD) Receives Media Sentiment Score of 0.20
News stories about Clearfield (NASDAQ:CLFD) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Clearfield earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 44.9632509421505 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Clearfield (NASDAQ CLFD) remained flat at $13.70 during trading on Friday. 2,975 shares of the stock traded hands. The stock has a market cap of $190.90 million, a price-to-earnings ratio of 35.31 and a beta of 1.28. The stock’s 50 day moving average is $12.80 and its 200 day moving average is $13.46. Clearfield has a 12-month low of $11.00 and a 12-month high of $21.60.
Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.06). The firm had revenue of $19.61 million during the quarter, compared to the consensus estimate of $22.90 million. Clearfield had a return on equity of 8.12% and a net margin of 6.87%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 EPS. On average, equities research analysts expect that Clearfield will post $0.25 earnings per share for the current year.
Several research firms have recently weighed in on CLFD. Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Northland Securities set a $15.00 price objective on Clearfield and gave the company a “buy” rating in a report on Saturday, July 29th.
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In other news, Chairman Ronald G. Roth purchased 5,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were acquired at an average price of $11.45 per share, for a total transaction of $57,250.00. Following the completion of the acquisition, the chairman now owns 1,224,484 shares in the company, valued at $14,020,341.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 18.30% of the stock is currently owned by corporate insiders.
Clearfield Company Profile
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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