Clearfield (CLFD) Stock Price, News & Analysis

Company Overview

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. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers a cable management and mounting bracket kit to support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; and FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment. In addition, the company offers fiber assemblies; fiber optic and copper cables, microducts, microduct accessories, and tools; and installation and connection accessories for fiber optic networks. It serves community broadband customers, multiple system operators, large regional service providers, and wireline/wireless national telco carriers. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorpoarted in 1979 and is headquartered in Minneapolis, Minnesota.

Key Stats

• Today's Range: $30.05 to $31.23
• 50-Day Range: $27.36 to $38.61
• 52-Week Range: $24.78 to $44.83
• Volume: 175,157 shs
• Average Volume: 154,514 shs
• Market Capitalization: $430.24 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $46.75
• Consensus Rating: Buy

Clearfield Stock Analysis - MarketRank™

Clearfield scored higher than 47% of companies evaluated by MarketBeat, and ranked 420th out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Clearfield has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Clearfield has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Clearfield are expected to grow in the coming year, from ($0.16) to $1.24 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Clearfield is -35.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Clearfield is -35.42, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Clearfield has a P/B Ratio of 1.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.27% of the float of Clearfield has been sold short.

Short Interest Ratio / Days to Cover

Clearfield has a short interest ratio ("days to cover") of 9.6.

Change versus previous month

Short interest in Clearfield has recently increased by 1.85%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Clearfield does not currently pay a dividend.

Dividend Growth

Clearfield does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.27% of the float of Clearfield has been sold short.

Short Interest Ratio / Days to Cover

Clearfield has a short interest ratio ("days to cover") of 9.6.

Change versus previous month

Short interest in Clearfield has recently increased by 1.85%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: -0.10

News Sentiment

Clearfield has a news sentiment score of -0.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Clearfield this week, compared to 4 articles on an average week.

Search Interest

Only 2 people have searched for CLFD on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Clearfield to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Clearfield insiders have bought more of their company's stock than they have sold. Specifically, they have bought $155,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

16.00% of the stock of Clearfield is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

88.73% of the stock of Clearfield is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CLFD Stock Analysis - Frequently Asked Questions

How have CLFD shares performed this year?

Clearfield's stock was trading at $29.08 on January 1st, 2024. Since then, CLFD shares have increased by 3.5% and is now trading at $30.11.
View the best growth stocks for 2024 here.

How were Clearfield's earnings last quarter?

Clearfield, Inc. (NASDAQ:CLFD) announced its quarterly earnings data on Thursday, November, 7th. The communications equipment provider reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.13. The firm's quarterly revenue was down 5.8% compared to the same quarter last year.

Who are Clearfield's major shareholders?

Top institutional shareholders of Clearfield include Royce & Associates LP (3.26%), State Street Corp (2.07%), Geode Capital Management LLC (2.01%) and Segall Bryant & Hamill LLC (1.75%). Insiders that own company stock include Ronald G Roth, John P Hill, Charles N Hayssen, Patrick Goepel, Daniel R Herzog, Roger G Harding, Donald R Hayward, Walter Louis Jones Jr and Carol Ann Wirsbinski.
View institutional ownership trends.

How do I buy shares of Clearfield?

Shares of CLFD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Clearfield own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Clearfield investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Netflix (NFLX), Tesla (TSLA), Home Depot (HD) and Visa (V).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 12/21/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Telephone & telegraph apparatus
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:CLFD
• CUSIP: N/A
• CIK: 796505
• Web: www.seeclearfield.com
• Phone: (763) 476-6866
• Fax: 763-475-8457
• Employees: 400
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $46.75
• High Stock Price Target: $50.00
• Low Stock Price Target: $45.00
• Potential Upside/Downside: +55.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.85)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-12,450,000.00
• Net Margins: -7.47%
• Pretax Margin: -9.75%
• Return on Equity: -4.41%
• Return on Assets: -3.88%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 9.43
• Quick Ratio: 6.69

Sales & Book Value

• Annual Sales: $166.71 million
• Price / Sales: 2.58
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $19.37 per share
• Price / Book: 1.55

Miscellaneous

• Outstanding Shares: 14,289,000
• Free Float: 12,003,000
• Market Cap: $430.24 million
• Optionable: Optionable
• Beta: 1.28