Lake Street analyst Jaeson Schmidt maintained a Hold rating on Clearfield (CLFD – Research Report) today and set a price target of $26.00. The company’s shares closed last Friday at $29.51.
According to TipRanks, Schmidt is a 4-star analyst with an average return of 9.3% and a 49.64% success rate. Schmidt covers the Technology sector, focusing on stocks such as inTEST, Powerfleet, and Identiv.
Clearfield has an analyst consensus of Moderate Buy, with a price target consensus of $29.00.
CLFD market cap is currently $434M and has a P/E ratio of 34.65.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CLFD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Clearfield (CLFD) Company Description:
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. The company was founded in 1979 and is headquartered in Brooklyn Park, MN.
