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. “
Shares of Clearfield (NASDAQ:CLFD) opened at 18.80 on Wednesday. The stock’s 50 day moving average is $18.31 and its 200-day moving average is $17.74. The stock has a market capitalization of $264.97 million, a price-to-earnings ratio of 40.00 and a beta of 0.64. Clearfield has a 12-month low of $11.59 and a 12-month high of $20.28.
Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.05. The firm had revenue of $21.60 million for the quarter, compared to the consensus estimate of $17.85 million. Clearfield had a net margin of 9.25% and a return on equity of 11.83%. The company’s revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. On average, analysts expect that Clearfield will post $0.50 earnings per share for the current year.
In other Clearfield news, COO John P. Hill sold 5,000 shares of Clearfield stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $17.86, for a total value of $89,300.00. Following the sale, the chief operating officer now directly owns 239,563 shares in the company, valued at approximately $4,278,595.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Cheryl Beranek sold 10,000 shares of Clearfield stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $19.21, for a total transaction of $192,100.00. Following the completion of the sale, the chief executive officer now owns 592,025 shares in the company, valued at $11,372,800.25. The disclosure for this sale can be found here. 19.00% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in CLFD. BlackRock Advisors LLC increased its stake in shares of Clearfield by 1.3% in the second quarter. BlackRock Advisors LLC now owns 6,077 shares of the company’s stock worth $109,000 after buying an additional 77 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Clearfield by 0.4% in the second quarter. California State Teachers Retirement System now owns 24,025 shares of the company’s stock worth $430,000 after buying an additional 106 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Clearfield by 3.0% in the second quarter. Rhumbline Advisers now owns 10,987 shares of the company’s stock worth $197,000 after buying an additional 315 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Clearfield by 7.5% in the second quarter. Teachers Advisors Inc. now owns 17,448 shares of the company’s stock worth $312,000 after buying an additional 1,219 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Clearfield by 1.6% in the second quarter. State Street Corp now owns 138,730 shares of the company’s stock worth $2,484,000 after buying an additional 2,210 shares in the last quarter. Institutional investors own 25.92% of the company’s stock.
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, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies.
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