Shares of Clearfield Inc (NASDAQ:CLFD) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $16.25 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Clearfield an industry rank of 193 out of 265 based on the ratings given to related companies.

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A number of research analysts have issued reports on the company. Zacks Investment Research cut Clearfield from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Lake Street Capital restated a “buy” rating on shares of Clearfield in a research note on Saturday, December 30th.

Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its stake in shares of Clearfield by 4.5% in the second quarter. The Manufacturers Life Insurance Company now owns 9,905 shares of the communications equipment provider’s stock valued at $131,000 after buying an additional 424 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Clearfield by 12.5% in the second quarter. Royal Bank of Canada now owns 26,485 shares of the communications equipment provider’s stock valued at $350,000 after buying an additional 2,941 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Clearfield by 26.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 21,200 shares of the communications equipment provider’s stock valued at $260,000 after buying an additional 4,500 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Clearfield by 63.6% in the third quarter. Wells Fargo & Company MN now owns 12,276 shares of the communications equipment provider’s stock valued at $166,000 after buying an additional 4,773 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Clearfield by 6.3% in the second quarter. Northern Trust Corp now owns 152,805 shares of the communications equipment provider’s stock valued at $2,017,000 after buying an additional 9,073 shares in the last quarter. Institutional investors own 31.27% of the company’s stock.

Shares of Clearfield (CLFD) remained flat at $$13.75 during midday trading on Friday. 711 shares of the company’s stock traded hands, compared to its average volume of 32,487. The company has a market capitalization of $191.27, a P/E ratio of 47.76 and a beta of 1.07. Clearfield has a 12 month low of $11.00 and a 12 month high of $17.65.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, January 25th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $16.87 million during the quarter, compared to analysts’ expectations of $18.30 million. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. research analysts forecast that Clearfield will post 0.43 EPS for the current year.

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About Clearfield

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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