Clearfield, Inc. (NASDAQ:CLFD) COO John P. Hill sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $38.02, for a total value of $950,500.00. Following the transaction, the chief operating officer now owns 168,642 shares in the company, valued at $6,411,768.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of NASDAQ CLFD opened at $33.36 on Thursday. The firm has a fifty day moving average of $32.82 and a 200 day moving average of $29.29. The firm has a market cap of $458.13 million, a PE ratio of 62.94 and a beta of 0.95. Clearfield, Inc. has a one year low of $11.46 and a one year high of $40.26.
Clearfield (NASDAQ:CLFD) last released its earnings results on Wednesday, April 21st. The communications equipment provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10. Clearfield had a net margin of 7.84% and a return on equity of 9.28%. As a group, research analysts predict that Clearfield, Inc. will post 0.7 EPS for the current fiscal year.
CLFD has been the topic of a number of recent research reports. Northland Securities raised Clearfield from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $36.00 in a research report on Thursday, April 29th. Zacks Investment Research raised shares of Clearfield from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Tuesday, April 27th. Finally, Lake Street Capital upped their price objective on shares of Clearfield from $25.00 to $37.00 and gave the company a “buy” rating in a report on Friday, January 29th.
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.
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