Somewhat Positive Media Coverage Somewhat Unlikely to Affect Clearfield (CLFD) Share Price

Press coverage about Clearfield (NASDAQ:CLFD) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Clearfield earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave press coverage about the communications equipment provider an impact score of 45.7580941177444 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Clearfield (NASDAQ CLFD) traded down $0.45 during mid-day trading on Friday, reaching $12.35. The company’s stock had a trading volume of 13,966 shares, compared to its average volume of 31,473. The company has a market capitalization of $170.57, a PE ratio of 44.11 and a beta of 1.26. Clearfield has a 12 month low of $11.00 and a 12 month high of $20.60.

Clearfield (NASDAQ:CLFD) last posted its earnings results on Thursday, November 9th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $18.42 million for the quarter, compared to analysts’ expectations of $19.50 million. Clearfield had a return on equity of 5.95% and a net margin of 5.20%. equities analysts forecast that Clearfield will post 0.29 EPS for the current fiscal year.

A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Clearfield from a “strong sell” rating to a “hold” rating in a report on Wednesday. Northland Securities set a $15.00 price objective on shares of Clearfield and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, Lake Street Capital raised their target price on Clearfield from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 10th.

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About Clearfield

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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