Clearfield Communications (CLFD, Financial) saw a significant stock price increase, rising by 5.03% to $34.89 per share. The trading volume was 37,329 shares, with a turnover rate of 0.26% and a price fluctuation of 4.85%.
Recent financial reports indicate that Clearfield achieved a revenue of $167 million, but reported a net loss of $12.45 million, translating to an earnings per share of -$0.85. The company's gross profit stood at $28.89 million, and it currently holds a price-to-earnings ratio of -40.98.
All four institutions covering the stock have issued a buy recommendation, with no hold or sell suggestions.
Within the communications sector, the overall growth was 0.05%. Other notable stocks in the industry include Boxlight Corporation, Ceragon Networks, and Moving Image Technologies, Inc., which experienced significant gains. Boxlight Corporation, Amplitech Group, Inc., and Siyata Mobile, Inc. were particularly active, with turnover rates of 1349.45%, 27.24%, and 18.08%, respectively. Stocks with notable price fluctuations included Boxlight Corporation, Amplitech Group Inc. warrants, and Siyata Mobile Inc. warrants, with fluctuations of 300.00%, 106.10%, and 59.01% respectively.
Clearfield Communications specializes in designing, manufacturing, and distributing fiber protection, management, and transmission solutions for communication networks. Its product range includes copper components, fiber connectors, and various smart solutions. The company operates globally, with most revenue generated in the United States, primarily from its Clearfield division.
