Clearfield Director Sells $17,250 in Stock (CLFD)
Clearfield (NASDAQ:CLFD) Director Stephen L. Zuckerman sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $17.25, for a total transaction of $17,250.00. Following the completion of the transaction, the director now directly owns 33,101 shares in the company, valued at approximately $570,992. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Clearfield (NASDAQ:CLFD) traded down 4.12% during mid-day trading on Friday, hitting $17.00. The stock had a trading volume of 139,068 shares. Clearfield has a 1-year low of $7.92 and a 1-year high of $26.59. The stock has a 50-day moving average of $17.01 and a 200-day moving average of $19.95. The company has a market cap of $228.2 million and a price-to-earnings ratio of 34.36.
Clearfield (NASDAQ:CLFD) last released its earnings data on Thursday, April 24th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.03. The company had revenue of $13.20 million for the quarter, compared to the consensus estimate of $15.89 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. Analysts expect that Clearfield will post $0.60 EPS for the current fiscal year.
Clearfield, Inc (NASDAQ:CLFD) manufactures, markets and sells a fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site.
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