Roth Capital Brokers Reduce Earnings Estimates for Clearfield, Inc. (NASDAQ:CLFD)

Clearfield, Inc. (NASDAQ:CLFDFree Report) – Research analysts at Roth Capital lowered their Q4 2024 EPS estimates for Clearfield in a report released on Monday, January 29th. Roth Capital analyst S. Searle now expects that the communications equipment provider will post earnings per share of $0.18 for the quarter, down from their previous forecast of $0.29. The consensus estimate for Clearfield’s current full-year earnings is ($0.54) per share. Roth Capital also issued estimates for Clearfield’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.28 EPS, Q3 2025 earnings at $0.43 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.48 EPS.

Clearfield (NASDAQ:CLFDGet Free Report) last announced its quarterly earnings results on Thursday, November 9th. The communications equipment provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.09 by $0.08. The company had revenue of $49.70 million for the quarter, compared to analyst estimates of $48.76 million. Clearfield had a net margin of 12.11% and a return on equity of 10.61%. The firm’s revenue was down 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 earnings per share.

Several other equities analysts have also commented on CLFD. StockNews.com lowered shares of Clearfield from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Clearfield in a research report on Thursday, January 18th. Finally, Roth Mkm lowered their target price on shares of Clearfield from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $54.83.

View Our Latest Analysis on Clearfield

Clearfield Stock Down 2.1 %

Shares of Clearfield stock opened at $25.19 on Tuesday. The firm has a market capitalization of $377.60 million, a P/E ratio of 11.67 and a beta of 1.35. Clearfield has a 52 week low of $22.91 and a 52 week high of $72.74. The firm’s 50 day moving average is $27.39 and its two-hundred day moving average is $31.10.

Institutional Investors Weigh In On Clearfield

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in shares of Clearfield by 54.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 690 shares of the communications equipment provider’s stock valued at $72,000 after purchasing an additional 243 shares during the period. Credit Suisse AG boosted its stake in Clearfield by 3.2% in the 2nd quarter. Credit Suisse AG now owns 8,134 shares of the communications equipment provider’s stock valued at $503,000 after buying an additional 256 shares in the last quarter. AQR Capital Management LLC boosted its stake in Clearfield by 6.0% in the 2nd quarter. AQR Capital Management LLC now owns 4,959 shares of the communications equipment provider’s stock valued at $307,000 after buying an additional 281 shares in the last quarter. Northern Trust Corp boosted its stake in Clearfield by 0.3% in the 2nd quarter. Northern Trust Corp now owns 119,015 shares of the communications equipment provider’s stock valued at $7,373,000 after buying an additional 349 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Clearfield by 6.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,786 shares of the communications equipment provider’s stock valued at $377,000 after buying an additional 359 shares in the last quarter. 66.56% of the stock is owned by institutional investors and hedge funds.

Clearfield Company Profile

(Get Free Report)

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.

Further Reading

Earnings History and Estimates for Clearfield (NASDAQ:CLFD)

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