We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Clearfield (CLFD) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
In the latest trading session, Clearfield (CLFD - Free Report) closed at $58.80, marking a -1.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.39%.
Heading into today, shares of the maker of fiber optic management products had lost 10.6% over the past month, lagging the Computer and Technology sector's loss of 4.23% and the S&P 500's gain of 0.17% in that time.
Investors will be hoping for strength from Clearfield as it approaches its next earnings release. In that report, analysts expect Clearfield to post earnings of $0.57 per share. This would mark year-over-year growth of 111.11%. Our most recent consensus estimate is calling for quarterly revenue of $47 million, up 58.3% from the year-ago period.
CLFD's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $185.9 million. These results would represent year-over-year changes of +51.7% and +32.07%, respectively.
It is also important to note the recent changes to analyst estimates for Clearfield. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clearfield is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Clearfield's current valuation metrics, including its Forward P/E ratio of 26.64. This represents a premium compared to its industry's average Forward P/E of 20.88.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Clearfield (CLFD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Clearfield (CLFD - Free Report) closed at $58.80, marking a -1.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.39%.
Heading into today, shares of the maker of fiber optic management products had lost 10.6% over the past month, lagging the Computer and Technology sector's loss of 4.23% and the S&P 500's gain of 0.17% in that time.
Investors will be hoping for strength from Clearfield as it approaches its next earnings release. In that report, analysts expect Clearfield to post earnings of $0.57 per share. This would mark year-over-year growth of 111.11%. Our most recent consensus estimate is calling for quarterly revenue of $47 million, up 58.3% from the year-ago period.
CLFD's full-year Zacks Consensus Estimates are calling for earnings of $2.23 per share and revenue of $185.9 million. These results would represent year-over-year changes of +51.7% and +32.07%, respectively.
It is also important to note the recent changes to analyst estimates for Clearfield. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clearfield is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Clearfield's current valuation metrics, including its Forward P/E ratio of 26.64. This represents a premium compared to its industry's average Forward P/E of 20.88.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.