Clearfield (CLFD) Receiving Somewhat Favorable News Coverage, Analysis Shows

News stories about Clearfield (NASDAQ:CLFD) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Clearfield earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.7838211341863 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of Clearfield (NASDAQ CLFD) traded down $0.45 during trading on Monday, reaching $12.35. The company had a trading volume of 13,900 shares, compared to its average volume of 24,067. Clearfield has a 1-year low of $11.00 and a 1-year high of $20.60. The firm has a market cap of $170.55, a price-to-earnings ratio of 44.11 and a beta of 1.26.

Clearfield (NASDAQ:CLFD) last announced its earnings results on Thursday, November 9th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $18.42 million for the quarter, compared to analyst estimates of $19.50 million. Clearfield had a return on equity of 5.95% and a net margin of 5.20%. sell-side analysts predict that Clearfield will post 0.29 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. Lake Street Capital raised their target price on Clearfield from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, Northland Securities set a $15.00 price objective on Clearfield and gave the company a “buy” rating in a report on Tuesday, October 17th.

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About Clearfield

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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