Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Clearfield (CLFD) Stock Price

Media stories about Clearfield (NASDAQ:CLFD) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Clearfield earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 44.6149366570938 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

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Several brokerages have recently weighed in on CLFD. Zacks Investment Research cut Clearfield from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Lake Street Capital reiterated a “buy” rating on shares of Clearfield in a research report on Saturday, December 30th. Finally, ValuEngine cut Clearfield from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd.

Shares of CLFD traded up $0.35 during midday trading on Friday, hitting $13.70. 36,220 shares of the company traded hands, compared to its average volume of 22,531. Clearfield has a one year low of $11.00 and a one year high of $16.50. The stock has a market cap of $189.20, a PE ratio of 48.93 and a beta of 1.07.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Thursday, January 25th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Clearfield had a return on equity of 6.00% and a net margin of 5.39%. The firm had revenue of $16.87 million for the quarter, compared to analysts’ expectations of $18.30 million. equities analysts expect that Clearfield will post 0.43 earnings per share for the current year.

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Clearfield Company Profile

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers Clearview cassette, a building block of the company's product platform; Clearview Classic and Clearview Blue, a system with five parts that nest together in the cassette's housing to support a range of applications; Clearview xPAK to land small port count fiber terminations and optical components; Clearview Black, which is designed to handle harsh environments; and fiber deep for cable-to-cable deployment, as well as packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform.

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