Clearfield (NASDAQ:CLFD – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.220–0.170 for the period, compared to the consensus EPS 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 Stock Performance
Shares of CLFD traded down $3.62 during trading hours on Friday, reaching $39.02. The stock had a trading volume of 358,641 shares, compared to its average volume of 114,880. The stock has a market capitalization of $555.25 million, a PE ratio of -156.08 and a beta of 1.39. Clearfield has a 12 month low of $22.91 and a 12 month high of $46.69. The company’s 50-day moving average is $39.26 and its two-hundred day moving average is $33.55.
Clearfield (NASDAQ:CLFD – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.30. The business had revenue of $48.79 million during the quarter, compared to the consensus estimate of $42.13 million. Clearfield had a negative return on equity of 3.00% and a negative net margin of 5.26%. Clearfield’s quarterly revenue was down 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Equities analysts anticipate that Clearfield will post -1.26 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on CLFD
Insider Transactions at Clearfield
In other Clearfield news, Chairman Ronald G. Roth purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of $36.40 per share, with a total value of $72,800.00. Following the transaction, the chairman now owns 1,261,796 shares in the company, valued at $45,929,374.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 16.00% of the company’s stock.
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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