Insider Buying: Clearfield Inc (CLFD) Director Buys 1,000 Shares of Stock
Clearfield Inc (NASDAQ:CLFD) Director Roger G. Harding acquired 1,000 shares of the business’s stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $12.65 per share, for a total transaction of $12,650.00. Following the transaction, the director now owns 19,009 shares of the company’s stock, valued at approximately $240,463.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Clearfield Inc (CLFD) traded up $0.05 during midday trading on Thursday, hitting $12.50. The stock had a trading volume of 1,148 shares, compared to its average volume of 28,348. Clearfield Inc has a 1 year low of $11.00 and a 1 year high of $17.65. The stock has a market cap of $173.41, a PE ratio of 43.28 and a beta of 1.15.
Clearfield (NASDAQ:CLFD) last issued its quarterly earnings results on Thursday, January 25th. The communications equipment provider reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. The firm had revenue of $16.87 million for the quarter, compared to analysts’ expectations of $18.30 million. equities analysts predict that Clearfield Inc will post 0.32 earnings per share for the current year.
Several research analysts have weighed in on CLFD shares. Lake Street Capital boosted their price objective on Clearfield from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Northland Securities set a $15.00 price objective on Clearfield and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research raised Clearfield from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th.
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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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