Clearfield (CLFD) Scheduled to Post Quarterly Earnings on Thursday

Clearfield (NASDAQ:CLFD - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Clearfield to post earnings of ($0.19) per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Clearfield (NASDAQ:CLFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.30. Clearfield had a negative return on equity of 3.06% and a negative net margin of 5.26%. The company had revenue of $48.79 million for the quarter, compared to the consensus estimate of $42.13 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company's quarterly revenue was down 20.4% compared to the same quarter last year. On average, analysts expect Clearfield to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clearfield Price Performance

CLFD stock traded down $0.19 during trading hours on Thursday, hitting $35.93. 101,274 shares of the stock traded hands, compared to its average volume of 155,297. The company has a current ratio of 8.38, a quick ratio of 5.73 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $37.65 and a 200 day simple moving average of $37.36. Clearfield has a one year low of $22.91 and a one year high of $44.83. The company has a market cap of $511.39 million, a P/E ratio of -146.40 and a beta of 1.34.

Insider Buying and Selling at Clearfield

In other news, Director Walter Louis Jones, Jr. acquired 1,324 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were bought at an average price of $37.77 per share, with a total value of $50,007.48. Following the acquisition, the director now owns 6,061 shares of the company's stock, valued at $228,923.97. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.00% of the company's stock.

Wall Street Analyst Weigh In

CLFD has been the topic of a number of research reports. Northland Securities boosted their target price on shares of Clearfield from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. StockNews.com cut Clearfield from a "hold" rating to a "sell" rating in a research note on Wednesday, October 23rd. Roth Mkm cut their price objective on Clearfield from $47.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Lake Street Capital upgraded shares of Clearfield from a "hold" rating to a "buy" rating and lifted their target price for the company from $31.00 to $47.00 in a research note on Friday, August 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $50.00 price target on shares of Clearfield in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Clearfield has a consensus rating of "Moderate Buy" and a consensus price target of $46.75.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.