Clearfield (CLFD) Set to Announce Earnings on Thursday

Clearfield (NASDAQ:CLFD) 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. Investors that wish to listen to the company’s conference call can do so using this link.

Clearfield Stock Performance

CLFD traded up $0.58 during midday trading on Tuesday, reaching $36.08. The company’s stock had a trading volume of 15,380 shares, compared to its average volume of 153,819. Clearfield has a twelve month low of $23.45 and a twelve month high of $44.83. The stock has a market cap of $513.71 million, a P/E ratio of -57.90 and a beta of 1.35. The company has a fifty day simple moving average of $37.56 and a 200 day simple moving average of $37.57. The company has a current ratio of 8.38, a quick ratio of 5.73 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In other Clearfield news, Director Walter Louis Jones, Jr. purchased 1,324 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $37.77 per share, with a total value of $50,007.48. Following the completion of the acquisition, the director now directly owns 6,061 shares of the company’s stock, valued at $228,923.97. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLFD. Northland Securities upped their target price on shares of Clearfield from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Lake Street Capital upgraded shares of Clearfield from a “hold” rating to a “buy” rating and increased their target price for the company from $31.00 to $47.00 in a research note on Friday, August 2nd. Roth Mkm cut their price target on Clearfield from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Clearfield in a report on Tuesday, September 24th. Finally, StockNews.com cut Clearfield from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.75.

About Clearfield

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.