Zacks: Analysts Set $14.00 Price Target for Clearfield Inc (CLFD)
Clearfield Inc (NASDAQ:CLFD) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $14.00 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned Clearfield an industry rank of 8 out of 257 based on the ratings given to its competitors.
CLFD has been the subject of several research analyst reports. Zacks Investment Research upgraded Clearfield from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, August 1st. ValuEngine upgraded Clearfield from a “hold” rating to a “buy” rating in a report on Monday, November 12th.
Shares of CLFD traded up $0.10 during trading hours on Wednesday, hitting $12.36. The company had a trading volume of 347 shares, compared to its average volume of 27,222. The firm has a market cap of $164.84 million, a PE ratio of 38.19 and a beta of 1.18. Clearfield has a 52-week low of $10.35 and a 52-week high of $15.30.
Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Thursday, November 8th. The communications equipment provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.05 by $0.09. Clearfield had a return on equity of 7.91% and a net margin of 5.51%. The company had revenue of $22.47 million during the quarter, compared to the consensus estimate of $20.50 million. As a group, equities analysts anticipate that Clearfield will post 0.3 EPS for the current fiscal year.
Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers Clearview cassette, a building block of the company's product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassette's housing to support a range of applications; Clearview xPAK to land small port count fiber terminations and optical components; Clearview Black, which is designed to handle harsh environments; and fiber deep for cable-to-cable deployment, as well as packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform.
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