Clearfield (CLFD) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS
Clearfield (NASDAQ:CLFD) posted its quarterly earnings results on Thursday. The company reported $0.08 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.04, AnalystRatingsNetwork reports. The company had revenue of $14.36 million for the quarter, compared to the consensus estimate of $15.94 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis.
Clearfield (NASDAQ:CLFD) traded down 14.95% on Thursday, hitting $13.65. 436,891 shares of the company’s stock traded hands. Clearfield has a one year low of $10.18 and a one year high of $26.59. The stock’s 50-day moving average is $17.41 and its 200-day moving average is $19.75. The company has a market cap of $183.2 million and a P/E ratio of 31.10.
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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