Clearfield Inc (NASDAQ: CLFD) has reported E.P.S. of $-0.04 for its third fiscal quarter (ending June 30) versus $0.33 for the same period a year ago. E.P.S. were $-0.62 for the latest four quarters through June 30 versus $3.23 for the same period a year ago.
Recent Price Action
On 8/1/24, Clearfield Inc (NASDAQ: CLFD) stock declined modestly by -1.8%, closing at $42.64. Moreover, this decline was accompanied by unusually high trading volume at 161% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CLFD is expected to be a modest Value Eraser.
Clearfield has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Clearfield has a poor Appreciation Score of 27 but a very high Power Rating of 90, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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