News coverage about Clearfield (NASDAQ:CLFD) has trended somewhat negative on Saturday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Clearfield earned a news impact score of -0.04 on Accern’s scale. Accern also gave news articles about the communications equipment provider an impact score of 45.2695548137529 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Rhumbline Advisers Purchases 1128 Shares of Eastman Chemical Company (EMN) (iphonefresh.com)
- Clearfield to Present at the 6th Annual CFA Intellisight Conference on Wednesday, August 23, 2017 (finance.yahoo.com)
- ETFs with exposure to Clearfield, Inc. : August 15, 2017 (finance.yahoo.com)
- Clearfield certified for major service provider market applications (financial-news.co.uk)
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Clearfield from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Northland Securities set a $15.00 price target on Clearfield and gave the stock a “buy” rating in a research report on Saturday, July 29th.
Clearfield (NASDAQ:CLFD) opened at 11.70 on Friday. The firm has a 50-day moving average price of $12.55 and a 200-day moving average price of $14.55. The stock has a market cap of $163.03 million, a price-to-earnings ratio of 30.15 and a beta of 1.25. Clearfield has a 12 month low of $11.00 and a 12 month high of $21.60.
Clearfield (NASDAQ:CLFD) last issued its quarterly earnings results on Thursday, July 27th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.06. The business had revenue of $19.61 million during the quarter, compared to analyst estimates of $22.90 million. Clearfield had a return on equity of 8.12% and a net margin of 6.87%. Clearfield’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Equities research analysts expect that Clearfield will post $0.25 earnings per share for the current fiscal year.
Clearfield declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 27th that permits the company to repurchase $4.00 million in shares. This repurchase authorization permits the communications equipment provider to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
In other news, Chairman Ronald G. Roth acquired 5,000 shares of Clearfield stock in a transaction dated Tuesday, August 1st. The stock was purchased at an average cost of $11.45 per share, for a total transaction of $57,250.00. Following the completion of the purchase, the chairman now directly owns 1,224,484 shares in the company, valued at approximately $14,020,341.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 18.30% of the company’s stock.
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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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