Clearfield (CLFD) Earning Somewhat Positive Press Coverage, Study Shows
News coverage about Clearfield (NASDAQ:CLFD) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, 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 headlines about the communications equipment provider an impact score of 46.7383692012873 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Clearfield (CLFD) versus Plantronics (PLT) Critical Comparison (americanbankingnews.com)
- Head-To-Head Analysis: Acme Packet (APKT) vs. Clearfield (CLFD) (americanbankingnews.com)
- Clearfield, Inc. (CLFD) Rating Lowered to Sell at Zacks Investment Research (americanbankingnews.com)
- Clearfield, Inc. (CLFD) Receives Consensus Rating of “Strong Buy” from Brokerages (americanbankingnews.com)
- Head-To-Head Review: Sierra Wireless (SWIR) versus Clearfield (CLFD) (americanbankingnews.com)
A number of equities research analysts have commented on the company. Zacks Investment Research cut Clearfield from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Lake Street Capital raised their price target on Clearfield from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, November 10th. Finally, Northland Securities set a $15.00 price target on Clearfield and gave the company a “buy” rating in a report on Tuesday, October 17th.
Clearfield (NASDAQ:CLFD) last issued its earnings results on Thursday, November 9th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Clearfield had a return on equity of 5.95% and a net margin of 5.20%. The firm had revenue of $18.42 million for the quarter, compared to analysts’ expectations of $19.50 million. research analysts expect that Clearfield will post 0.29 earnings per share for the current fiscal year.
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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.
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