Somewhat Positive Press Coverage Somewhat Unlikely to Impact Clearfield (NASDAQ:CLFD) Stock Price

News coverage about Clearfield (NASDAQ:CLFD) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Clearfield earned a coverage optimism score of 0.03 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.8863232476122 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of analysts have recently commented on CLFD shares. Zacks Investment Research raised Clearfield from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Lake Street Capital reaffirmed a “buy” rating on shares of Clearfield in a research report on Saturday, December 30th.

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CLFD stock traded up $0.20 during midday trading on Wednesday, hitting $13.35. 23,256 shares of the stock traded hands, compared to its average volume of 32,206. The stock has a market cap of $189.89, a price-to-earnings ratio of 46.04 and a beta of 1.07. Clearfield has a 12-month low of $11.00 and a 12-month high of $17.17.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Thursday, January 25th. The communications equipment provider reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. The business had revenue of $16.87 million during the quarter, compared to the consensus estimate of $18.30 million. sell-side analysts anticipate that Clearfield will post 0.43 earnings per share for the current fiscal year.

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Clearfield Company Profile

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.

Insider Buying and Selling by Quarter for Clearfield (NASDAQ:CLFD)

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