In a report released today, Jaeson Schmidt from Lake Street maintained a Hold rating on Clearfield (CLFD – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $29.11.
Schmidt covers the Technology sector, focusing on stocks such as inTEST, Powerfleet, and Identiv. According to TipRanks, Schmidt has an average return of 7.9% and a 47.84% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Clearfield with a $29.00 average price target.
Based on Clearfield’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $34.23 million and a GAAP net loss of $5.27 million. In comparison, last year the company earned a revenue of $85.94 million and had a net profit of $14.26 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLFD in relation to earlier this year.
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Clearfield (CLFD) Company Description:
Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. The firm’s products include fiber cabinets, patch cards, assemblies, cassettes, frames, panels, microduct, terminals, vaults, wall boxes, and box enclosures. It offers its products under the Clearview brand. The company was founded in 1979 and is headquartered in Brooklyn Park, MN.
