Short interest for Clearfield gives investors a sense of the degree to which investors are betting on the decline of Clearfield's stock. Short interest data is updated every two weeks.

Clearfield Stock (NASDAQ:CLFD), Short Interest Report

Clearfield

Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.

Amgen stock

News

Intraday Update

Markets

Movers

AAPL

ALHC

AMGN

ARDX

Adtalem Global Education Inc. Common Stock

ATGE

BKNG

CGON

CLFD

ENPH

IBRX

IESC

LOCO

MELI

MODV

OLED

OSPN

PCTY

RMAX

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Amgen Posts Upbeat Results, Joins OneSpan, Paylocity Holding, MercadoLibre And Other Big Stocks Moving Higher On Friday

Earnings

Small Cap

Trading Ideas

QCOM

Qualcomm (NASDAQ: QCOM) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.

Qualcomm Q2 Earnings and Revenues Surpass Estimates

Penny Stocks

AAOI

AMZN

DECK

GSX Techedu Inc. American Depositary Shares

GOTU

LPLA

NYAX

PGRU

PIPR

SHOP

SKYW

SNOW

TYRA

U.S. stocks traded mixed, with the Dow Jones falling over 100 points on Friday.

Clorox Posts Upbeat Earnings, Joins Cigna, Deckers Outdoor And Other Big Stocks Moving Higher On Friday

Clearfield Inc

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday.
Shares of Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone <a href="https://www.benzinga.com/general/biotech/24/05/38601856/amgen-reports-better-than-expected-q1-results-50m-milestone-payment">payment from Royalty Pharma</a>.
Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company reported quarterly sales of $7.447 billion, which beat the analyst consensus estimate of $7.436 billion and represents a 21.98% increase over sales of $6.105 billion in the same period last year.
Amgen shares surged 12.2% to $312.45 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Tandem Diabetes Care, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) jumped 27.4% to $46.57 after the comapny reported better-than-expected first-quarter financial results.</li>
<li>WideOpenWest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOW#NYSE">WOW</a>) shares surged 26.1% to $4.7790 after the company received an unsolicited non-binding preliminary proposal from DigitalBridge Investments and various Crestview entities to purchase all of the outstanding shares of WOW! that Crestview does not currently own for $4.80 per share in cash.</li>
<li>El Pollo Loco Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOCO#NASDAQ">LOCO</a>) surged 24.8% to $10.73 after the company reported better-than-expected first-quarter results.</li>
<li>Twist Bioscience Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>) jumped 22.8% to $39.31 after the company reported better-than-expected second-quarter financial results.</li>
<li>Alignment Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALHC#NASDAQ">ALHC</a>) surged 22.1% to $6.42 after the company reported better-than-expected first-quarter revenue results and issued second-quarter revenue guidance above estimates. Also, the company raised its FY24 revenue guidance above estimates.</li>
<li>Clearfield, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) surged 21.8% to $38.89 after the company reported better-than-expected second-quarter results and increased its repurchase authorization.</li>
<li>RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>) surged 21% to $8.66 following upbeat quarterly results.</li>
<li>Ardelyx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARDX#NASDAQ">ARDX</a>) shares rose 20.7% to $8.19 after the company reported better-than-expected first-quarter financial results.</li>
<li>ModivCare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) rose 19.8% to $26.33 after the company reported better-than-expected quarterly sales results.</li>
<li>OneSpan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares gained 19.6% to $13.09 after the company reported better-than-expected first-quarter adjusted EPS and sales.</li>
<li>IES Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IESC#NASDAQ">IESC</a>) gained 19% to $162.91 following second-quarter results.</li>
<li>Adtalem Global Education Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGE#NASDAQ">ATGE</a>) rose 16.2% to $60.71 following upbeat quarterly results.</li>
<li>Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) gained 16% to $173.49 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates. The Board of Directors approve a $500 million share repurchase program.</li>
<li>MasTec, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) surged 14% to $103.86 after the company reported better-than-expected quarterly financial results.</li>
<li>CG Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGON#NASDAQ">CGON</a>) gained 14% to $45.07.</li>
<li>ImmunityBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) gained 11.2% to $9.97 after the company announced it signed an exclusive global arrangement with the Serum Institute of India. The company will be supplied with Bacillus Calmette-Guerin.</li>
<li>MercadoLibre, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) surged 10.3% to $1,661.60 after the company reported better-than-expected first-quarter financial results.</li>
<li>Tidewater Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDW#NYSE">TDW</a>) rose 9.8% to $103.13 following upbeat results.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) gained 9.4% to $11.98.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) rose 9% to $115.59.</li>
<li>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>) gained 8.6% to $169.84 after the company reported better-than-expected first-quarter financial results.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) gained 7.4% to $116.96 following better-than-expected first-quarter financial results.</li>
<li>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) gained 6.7% to $3,705.00 after the company reported better-than-expected first-quarter financial results.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose 6.4% to $184.09 after the company reported better reported better-than-expected results for its second quarter.</li>
<li>Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) gained 5.9% to $84.76 following strong quarterly earnings and upbeat EPS guidance.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/05/38613217/top-3-energy-stocks-that-could-blast-off-this-month">Top 3 Energy Stocks That Could Blast Off This Month</a>

WIIM

Clearfield shares are trading higher after the company reported better-than-expected Q2 results and increased its repurchase authorization.

<h3>Gainers</h3>
<ul>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) stock moved upwards by 25.7% to $3.81 during Friday's pre-market session. The market value of their outstanding shares is at $168.5 million. The company's, Q1 earnings came out yesterday. </li>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) shares increased by 16.5% to $1.2. The company's market cap stands at $7.8 million. </li>
<li>OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) shares moved upwards by 15.55% to $12.65. The market value of their outstanding shares is at $478.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) stock rose 13.47% to $36.21. The market value of their outstanding shares is at $532.5 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>Upland Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPLD#NASDAQ">UPLD</a>) shares moved upwards by 12.33% to $2.27. The company's market cap stands at $65.4 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) shares rose 12.1% to $0.41. The market value of their outstanding shares is at $4.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sprout Social (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) shares decreased by 29.0% to $34.19 during Friday's pre-market session. The market value of their outstanding shares is at $1.9 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) stock decreased by 16.51% to $2.63. The market value of their outstanding shares is at $7.9 million. The company's, Q1 earnings came out yesterday. </li>
<li>Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) shares fell 15.54% to $8.1. The market value of their outstanding shares is at $125.3 million. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock fell 13.73% to $76.76. The company's market cap stands at $26.0 billion. The company's, Q1 earnings came out yesterday. </li>
<li>BigBear.ai Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) stock decreased by 13.3% to $1.5. The company's market cap stands at $363.9 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) stock fell 10.32% to $0.26. The market value of their outstanding shares is at $5.1 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AXTI

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12 Information Technology Stocks Moving In Friday's Pre-Market Session

Needham analyst Ryan Koontz maintains Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) with a Buy and raises the price target from $36 to $42.

Price Target

Analyst Ratings

Needham Maintains Buy on Clearfield, Raises Price Target to $42

Guidance

Clearfield Expects Q3 Net Sales Of $40M-$44M (Est $37.575M) And EPS Of $(0.31)-$(0.38), Est $(0.26)

Buybacks

Board Of Directors Increased Share Repurchase Program Authorization From $40M To $65M

<h3>Gainers</h3>
<ul>
<li>OneSpan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSPN#NASDAQ">OSPN</a>) stock increased by 20.2% to $13.16 during Thursday's after-market session. The company's market cap stands at $498.0 million. As per the news, the Q1 earnings report came out today. </li>
<li>Digimarc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMRC#NASDAQ">DMRC</a>) shares increased by 12.78% to $25.5. The market value of their outstanding shares is at $545.0 million. The company's, Q1 earnings came out today. </li>
<li>Wetouch Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) shares increased by 11.11% to $1.9. The company's market cap stands at $22.6 million. </li>
<li>Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) shares increased by 9.68% to $35.0. The company's market cap stands at $514.7 million. As per the press release, Q2 earnings came out today. </li>
<li>Five9 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>) stock rose 7.52% to $61.0. The market value of their outstanding shares is at $4.5 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock increased by 6.46% to $2.47. The company's market cap stands at $24.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sprout Social (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPT#NASDAQ">SPT</a>) shares declined by 22.8% to $37.2 during Thursday's after-market session. The market value of their outstanding shares is at $2.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) shares declined by 22.44% to $0.41. The company's market cap stands at $27.8 million. </li>
<li>Marin Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRIN#NASDAQ">MRIN</a>) shares decreased by 17.47% to $2.6. The company's market cap stands at $7.8 million. The company's, Q1 earnings came out today. </li>
<li>BigBear.ai Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>) stock fell 17.35% to $1.43. The company's market cap stands at $346.9 million. As per the news, the Q1 earnings report came out today. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) shares declined by 14.02% to $76.5. The company's market cap stands at $25.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) shares declined by 13.59% to $4.2. The company's market cap stands at $27.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DMRC

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Next Technology Holding Inc. - Ordinary Shares

NXTT

WETH

12 Information Technology Stocks Moving In Thursday's After-Market Session

Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) reported quarterly losses of $(0.40) per share which beat the analyst consensus estimate of $(0.52) by 23.08 percent. This is a 159.7 percent decrease over earnings of $0.67 per share from the same period last year. The company reported quarterly sales of $36.910 million which beat the analyst consensus estimate of $31.250 million by 18.11 percent. This is a 48.60 percent decrease over sales of $71.809 million the same period last year.

Earnings Beats

Clearfield Q2 2024 GAAP EPS $(0.40) Beats $(0.52) Estimate, Sales $36.910M Beat $31.250M Estimate

Qualcomm (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.09%. A quarter ago, it was expected that this chipmaker would post earnings of $2.38 per share when it actually produced earnings of $2.75, delivering a surprise of 15.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Qualcomm, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.39 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $9.28 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Qualcomm shares have added about 14.7% since the beginning of the year versus the S&amp;P 500&#39;s gain of 5.6%.
What&#39;s Next for Qualcomm?
While Qualcomm has outperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Qualcomm: favorable. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.10 on $8.93 billion in revenues for the coming quarter and $9.55 on $37.67 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Clearfield (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>), has yet to report results for the quarter ended March 2024. The results are expected to be released on May 2.
This maker of fiber optic management products is expected to post quarterly loss of $0.53 per share in its upcoming report, which represents a year-over-year change of -179.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Clearfield&#39;s revenues are expected to be $31.2 million, down 56.6% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2266382/qualcomm-qcom-q2-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2266382">To read this article on Zacks.com click here.</a>

Roth MKM analyst Scott Searle reiterates Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) with a Buy and maintains $47 price target.

Reiteration

Roth MKM Reiterates Buy on Clearfield, Maintains $47 Price Target

Needham analyst Ryan Koontz reiterates Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) with a Buy and maintains $36 price target.

Needham Reiterates Buy on Clearfield, Maintains $36 Price Target

U.S. stocks traded mixed, with the Dow Jones falling over 100 points on Friday.
Shares of The Clorox Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clx#NYSE">CLX</a>) shares gained during Friday&rsquo;s session after the company reported better-than-expected second-quarter financial results and raised FY24 adjusted EPS <a href="https://www.benzinga.com/quote/CLX/news">guidance above estimates</a>.
Clorox shares rose 4.6% to $154.77 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Tyra Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tyra#NASDAQ">TYRA</a>) shares rose 21.8% to $15.84. Tyra Biosciences, announced a $200 million private placement financing.</li>
<li>Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) climbed 18.9% to $469.34 as the company reported upbeat fourth-quarter financial results and initiated a quarterly dividend of 50 cents per share.</li>
<li>Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) gained 14% to $879.03 after reporting better-than-expected third-quarter financial results.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) rose 12.5% to $4.11.</li>
<li>PropertyGuru Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgru#NYSE">PGRU</a>) climbed 11.6% to $3.57.</li>
<li>Nayax Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyax#NASDAQ">NYAX</a>) gained 9.2% to $26.47.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) rose 8.4% to $17.90. Applied Optoelectronics is expected to release financial results for its fourth quarter on Feb. 22, 2024.</li>
<li>AppLovin Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/app#NASDAQ">APP</a>) gained 8% to $44.25.</li>
<li>Clearfield, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clfd#NASDAQ">CLFD</a>) gained 7.3% to $28.03 following upbeat results.</li>
<li>KB Financial Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kb#NYSE">KB</a>) gained 6.5% to $49.41.</li>
<li>Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) shares surged 6.2% to $169.20 after the company posted stronger-than-expected results for its fourth quarter. The company said it sees first-quarter revenue to be between $138 billion and $143.5 billion versus estimates of $142.13 billion. Operating income is expected to be between $8 billion and $12 billion in the first quarter.</li>
<li>Shopify Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) gained 5.9% to $81.25. Wells Fargo analyst Andrew Bauch maintained Shopify with an Overweight and raised the price target from $70 to $90.</li>
<li>The Cigna Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ci#NYSE">CI</a>) rose 5.7% to $324.87 after the company reported better-than-expected fourth-quarter results and issued a strong revenue outlook. The company also raised its dividend.</li>
<li>Snowflake Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snow#NYSE">SNOW</a>) gained 5% to $209.96 after Raymond James raised its price target on the stock from $190 to $223.</li>
<li>LPL Financial Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) gained 5% to $252.46 following strong earnings.</li>
<li>Piper Sandler Companies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pipr#NYSE">PIPR</a>) climbed 4.6% to $185.52 following upbeat results.</li>
<li>SkyWest, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyw#NASDAQ">SKYW</a>) gained 4.1% to $56.30. Raymond James analyst Savanthi Syth maintained SkyWest with an Outperform and raised the price target from $55 to $65.</li>
</ul>
&nbsp;
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4 analysts have shared their evaluations of Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Clearfield, revealing an average target of $40.75, a high estimate of $47.00, and a low estimate of $36.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 8.78%. 
<img src="https://www.benzinga.com/files/images/story/2024/1706878822_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Clearfield. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$36.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Scott Searle</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$47.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$40.00</td>
<td>-</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$40.00</td>
<td>$45.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Clearfield. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Clearfield compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Clearfield's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Clearfield's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CLFD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Clearfield analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Clearfield</h2>
Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.
<h3>A Deep Dive into Clearfield's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: Clearfield's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -47.72%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Clearfield's net margin is impressive, surpassing industry averages. With a net margin of 5.43%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Clearfield's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.86%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Clearfield's ROA stands out, surpassing industry averages. With an impressive ROA of 0.75%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Clearfield's debt-to-equity ratio is below the industry average. With a ratio of 0.07, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Clearfield

Needham analyst Ryan Koontz maintains Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) with a Buy and lowers the price target from $40 to $36.

Needham Maintains Buy on Clearfield, Lowers Price Target to $36

Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) reported its Q1 earnings results on Thursday, February 1, 2024 at 04:00 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Clearfield beat estimated earnings by 18.6%, reporting an EPS of $-0.35 versus an estimate of $-0.43.
Revenue was down $51.71 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.07 which was followed by a 1.66% increase in the share price the next day.
Here's a look at Clearfield's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.10</td>
<td>0.09</td>
<td>0.65</td>
<td>0.96</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.17</td>
<td>0.33</td>
<td>0.67</td>
<td>1</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>49.06M</td>
<td>53.72M</td>
<td>71.98M</td>
<td>84.20M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>49.69M</td>
<td>61.28M</td>
<td>71.81M</td>
<td>85.94M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Clearfield <a href="https://www.benzinga.com/quote/CLFD/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Clearfield Q1 Earnings

Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) reported quarterly losses of $(0.35) per share which beat the analyst consensus estimate of $(0.43) by 18.6 percent. This is a 135 percent decrease over earnings of $1.00 per share from the same period last year. The company reported quarterly sales of $34.23 million which beat the analyst consensus estimate of $29.85 million by 14.67 percent. This is a 60.17 percent decrease over sales of $85.94 million the same period last year.

Clearfield Q1 EPS $(0.35) Beats $(0.43) Estimate, Sales $34.23M Beat $29.85M Estimate

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Earnings Scheduled For February 1, 2024

Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-01. Here's what investors need to know before the announcement.
Analysts estimate that Clearfield will report an earnings per share (EPS) of $-0.43. 
Clearfield bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.07, which was followed by a 1.66% increase in the share price the next day.
Here's a look at Clearfield's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.10</td>
<td>0.09</td>
<td>0.65</td>
<td>0.96</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.17</td>
<td>0.33</td>
<td>0.67</td>
<td>1</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.66%</td>
<td>-10.48%</td>
<td>-16.3%</td>
<td>-12.3%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706734888_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Clearfield were trading at $25.74 as of January 30. Over the last 52-week period, shares are down 64.39%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release. 
<a href="https://www.benzinga.com/quote/CLFD/earnings">To track all earnings releases for Clearfield visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Clearfield

Roth MKM has decided to maintain its Buy rating of Clearfield (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLFD#NASDAQ">CLFD</a>) and lower its price target from $49.00 to $47.00.
Shares of Clearfield are trading up 0.0% over the last 24 hours, at $25.56 per share.
A move to $47.00 would account for a 83.88% increase from the current share price.
<h3>About Clearfield</h3>
Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Roth MKM Maintains Buy Rating for Clearfield: Here's What You Need To Know

Clearfield Inc (CLFD) stock is lower by -34.19% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives CLFD stock a score of  31 out of a possible 100. That rank is  influenced by a short-term technical score of 27. CLFD's rank also includes

Clearfield Inc (CLFD) Stock Is Lower By -0.41% This Week: Buy, Hold, or Sell?

Calix: Sell On Weak Outlook Amid Persistent Business Headwinds

In a report released today, Jaeson Schmidt from Lake Street maintained a Hold rating on Clearfield (CLFD – Research Report), with a price target of...

Clearfield (CLFD) Gets a Hold from Lake Street

Lake Street analyst Jaeson Schmidt maintained a Hold rating on Clearfield (CLFD – Research Report) today and set a price target of $26.00. The comp...

Clearfield (CLFD) Receives a Hold from Lake Street

Warning: CLFD is at high risk of performing badly

Clearfield GAAP EPS of -$0.40 beats by $0.12, revenue of $36.91M beats by $5.66M

Clearfield, Inc. (CLFD) Q2 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Clearfield (NASDAQ:<a href="https://investorplace.com/stock-quotes/clfd-stock-quote/">CLFD</a>) just reported results for the second quarter of 2024.<ul><li>Clearfield reported earnings per share of -40 cents. This was above the analyst estimate for EPS of -52 cents.</li><li>The company reported revenue of $36.91 million.</li><li>This was 18.11% better than the analyst estimate for revenue of $31.25 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/clfd-stock-earnings-clearfield-for-q2-of-2024/">CLFD Stock Earnings: Clearfield Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CLFD Stock Earnings: Clearfield Beats EPS, Beats Revenue for Q2 2024

Needham analyst Ryan Koontz maintained a Buy rating on Clearfield (CLFD – Research Report) today and set a price target of $42.00. Ryan Koontz has ...

Clearfield's Upbeat Financial Performance and Growth Prospects Affirm Buy Rating

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Clearfield Stock (NASDAQ:CLFD), Short Interest Report

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