Recent Research Analysts’ Ratings Updates for Clearfield (CLFD)

A number of research firms have changed their ratings and price targets for Clearfield (NASDAQ: CLFD):

  • 3/27/2018 – Clearfield was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments. “
  • 3/26/2018 – Clearfield was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments. “
  • 3/21/2018 – Clearfield was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments. “
  • 3/20/2018 – Clearfield was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments. “

CLFD stock traded down $1.00 during trading on Monday, hitting $11.90. The company had a trading volume of 30,923 shares, compared to its average volume of 30,673. The firm has a market cap of $178.15, a price-to-earnings ratio of 42.50 and a beta of 1.07. Clearfield, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $16.50.

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Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Thursday, January 25th. The communications equipment provider reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $16.87 million for the quarter, compared to analyst estimates of $18.30 million. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. research analysts anticipate that Clearfield, Inc. will post 0.43 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. All Terrain Financial Advisors LLC acquired a new stake in Clearfield in the 4th quarter valued at $1,683,000. Deutsche Bank AG boosted its stake in Clearfield by 84.5% in the 4th quarter. Deutsche Bank AG now owns 25,568 shares of the communications equipment provider’s stock valued at $312,000 after buying an additional 11,710 shares in the last quarter. Virtu Financial LLC acquired a new stake in Clearfield in the 4th quarter valued at $229,000. The Manufacturers Life Insurance Company boosted its stake in Clearfield by 222.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 10,815 shares of the communications equipment provider’s stock valued at $132,000 after buying an additional 7,461 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Clearfield by 42.0% in the 4th quarter. Wells Fargo & Company MN now owns 17,436 shares of the communications equipment provider’s stock valued at $213,000 after buying an additional 5,160 shares in the last quarter. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers Clearview cassette, a building block of the company's product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassette's housing to support a range of applications; Clearview xPAK to land small port count fiber terminations and optical components; Clearview Black, which is designed to handle harsh environments; and fiber deep for cable-to-cable deployment, as well as packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform.

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