Clearfield (NASDAQ:CLFD – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -0.220–0.170 for the period, compared to the consensus estimate of -0.250. The company issued revenue guidance of $40.0 million-$43.0 million, compared to the consensus revenue estimate of $43.1 million.
Clearfield Price Performance
CLFD stock traded down $3.62 on Friday, reaching $39.02. The company’s stock had a trading volume of 358,641 shares, compared to its average volume of 114,880. Clearfield has a 52 week low of $22.91 and a 52 week high of $46.69. The company has a market capitalization of $555.25 million, a P/E ratio of -156.08 and a beta of 1.39. The firm has a fifty day moving average of $39.26 and a two-hundred day moving average of $33.55.
Clearfield (NASDAQ:CLFD – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.30. Clearfield had a negative return on equity of 3.00% and a negative net margin of 5.26%. The company had revenue of $48.79 million for the quarter, compared to analysts’ expectations of $42.13 million. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down 20.4% on a year-over-year basis. As a group, equities analysts expect that Clearfield will post -1.26 EPS for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Analysis on CLFD
Insider Activity
In other Clearfield news, Chairman Ronald G. Roth acquired 2,000 shares of Clearfield stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average cost of $36.40 per share, with a total value of $72,800.00. Following the purchase, the chairman now owns 1,261,796 shares in the company, valued at $45,929,374.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.00% of the stock is currently owned by company insiders.
Clearfield Company Profile
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.
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