Clearfield Inc (CLFD) Director Acquires $12,650.00 in Stock
Clearfield Inc (NASDAQ:CLFD) Director Roger G. Harding purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $12.65 per share, with a total value of $12,650.00. Following the completion of the purchase, the director now directly owns 19,009 shares in the company, valued at approximately $240,463.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Clearfield Inc (NASDAQ CLFD) opened at $12.20 on Friday. The company has a market capitalization of $172.03, a price-to-earnings ratio of 42.07 and a beta of 1.15. Clearfield Inc has a fifty-two week low of $11.00 and a fifty-two week high of $17.65.
Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Thursday, January 25th. The communications equipment provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The company had revenue of $16.87 million for the quarter, compared to the consensus estimate of $18.30 million. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. analysts forecast that Clearfield Inc will post 0.32 EPS for the current year.
A number of brokerages recently issued reports on CLFD. Lake Street Capital raised their price target on Clearfield from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Northland Securities set a $15.00 price objective on Clearfield and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded Clearfield from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th.
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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.
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