Somewhat Positive Press Coverage Somewhat Unlikely to Affect Clearfield (CLFD) Stock Price

Headlines about Clearfield (NASDAQ:CLFD) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Clearfield earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 46.1568782894352 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

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

Clearfield (NASDAQ:CLFD) traded up $0.10 during mid-day trading on Thursday, hitting $13.25. The stock had a trading volume of 14,400 shares, compared to its average volume of 52,123. Clearfield has a 12-month low of $11.00 and a 12-month high of $21.60. The stock has a market cap of $181.62, a PE ratio of 46.96 and a beta of 1.26.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Thursday, November 9th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating the Zacks’ 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. equities analysts predict that Clearfield will post 0.29 earnings per share for the current 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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