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 guidance of -0.220–0.170 for the period, compared to the consensus earnings per share 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
Shares of Clearfield stock traded down $3.62 during trading on Friday, hitting $39.02. 358,641 shares of the company’s stock traded hands, compared to its average volume of 114,880. The firm’s fifty day moving average price is $39.26 and its 200 day moving average price is $33.55. Clearfield has a twelve month low of $22.91 and a twelve month high of $46.69. The company has a market cap of $555.25 million, a PE ratio of -156.08 and a beta of 1.39.
Clearfield (NASDAQ:CLFD – Get Free Report) last issued its earnings results on Thursday, August 1st. The communications equipment provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.30. Clearfield had a negative net margin of 5.26% and a negative return on equity of 3.00%. The business had revenue of $48.79 million for the quarter, compared to analyst estimates of $42.13 million. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue was down 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Clearfield will post -1.26 earnings per share for the current year.
Analyst Ratings Changes
Check Out Our Latest Analysis on CLFD
Insider Transactions at Clearfield
In related news, Chairman Ronald G. Roth bought 2,000 shares of Clearfield stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $36.40 per share, for a total transaction of $72,800.00. Following the completion of the transaction, the chairman now owns 1,261,796 shares of the company’s stock, valued at $45,929,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.00% of the stock is owned by company insiders.
About Clearfield
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.
See Also
- Five stocks we like better than Clearfield
- Best Stocks Under $10.00
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Why Are Stock Sectors Important to Successful Investing?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- Upcoming IPO Stock Lockup Period, Explained
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Clearfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield and related companies with MarketBeat.com's FREE daily email newsletter.