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Clearfield, Inc is a communication equipment business based in the US. Clearfield shares (CLFD) are listed on the NASDAQ and all prices are listed in US Dollars. Clearfield employs 230 staff and has a trailing 12-month revenue of around USD$100.8 million.
|52-week range||USD$8.32 - USD$38.75|
|50-day moving average||USD$31.7736|
|200-day moving average||USD$24.4019|
|Wall St. target price||USD$33.5|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.719|
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Valuing Clearfield stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Clearfield's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Clearfield's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 46x. In other words, Clearfield shares trade at around 46x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Clearfield's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$14.1 million.
The EBITDA is a measure of a Clearfield's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$100.8 million|
|Operating margin TTM||11.61%|
|Gross profit TTM||USD$37.9 million|
|Return on assets TTM||8.15%|
|Return on equity TTM||12.29%|
|Market capitalisation||USD$458.2 million|
TTM: trailing 12 months
There are currently 215,267 Clearfield shares held short by investors – that's known as Clearfield's "short interest". This figure is 21.2% up from 177,589 last month.
There are a few different ways that this level of interest in shorting Clearfield shares can be evaluated.
Clearfield's "short interest ratio" (SIR) is the quantity of Clearfield shares currently shorted divided by the average quantity of Clearfield shares traded daily (recently around 147443.15068493). Clearfield's SIR currently stands at 1.46. In other words for every 100,000 Clearfield shares traded daily on the market, roughly 1460 shares are currently held short.
However Clearfield's short interest can also be evaluated against the total number of Clearfield shares, or, against the total number of tradable Clearfield shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Clearfield's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Clearfield shares in existence, roughly 20 shares are currently held short) or 0.0191% of the tradable shares (for every 100,000 tradable Clearfield shares, roughly 19 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Clearfield.
Find out more about how you can short Clearfield stock.
We're not expecting Clearfield to pay a dividend over the next 12 months.
Clearfield's shares were split on a 2:1 basis on 3 April 1989. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Clearfield shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Clearfield shares which in turn could have impacted Clearfield's share price.
Over the last 12 months, Clearfield's shares have ranged in value from as little as $8.32 up to $38.75. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Clearfield's is 0.9803. This would suggest that Clearfield's shares are less volatile than average (for this exchange).
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 FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. In addition, the company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. Further, it provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. Additionally, the company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and MSO/cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.
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