How to Buy Clearfield Stock
Clearfield Inc
Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally.
Clearfield stock last closed at $28.85, down 2.27% from the previous day, and has decreased 36.61% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.15 percentage points. Clearfield stock is currently +25.93% from its 52-week low of $22.91, and -43.23% from its 52-week high of $50.82.
As of Apr 16, 2024, there are 14.71M shares of CLFD outstanding. The market capitalization of CLFD is $424.29M. In the last 24 hours, 154,872 CLFD shares were traded.
How to Buy Clearfield Stock
Wondering how to invest in Clearfield stock? Here's how.
- Figure out where to buy Clearfield stock: You need to decide on a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you determine where to buy Clearfield stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your payment method and add your details.
- Analyze Clearfield stock: The Clearfield ticker symbol is CLFD. Is Clearfield stock a good investment? Should you buy shares of CLFD? How do CLFD's underlying business fundamentals look? Do top analysts think Clearfield is a good buy? Why has CLFD's stock price moved recently? (Hint: Our stock analysis website can help you figure out if CLFD is a good stock to buy).
- Execute your CLFD trade: Decide if you will purchase CLFD shares at the current market price or use a limit order to purchase CLFD shares at a given price.
- Get the latest scoop on your CLFD position: Create a watchlist to key updates about your position in Clearfield shares.
Step 1: Figure out where to buy Clearfield stock
You need an online brokerage account to access the NASDAQ market and buy CLFD shares.
Our recommended brokerage: eToro
We believe that eToro is the best online stock brokerage. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Tech to Industrials, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in CLFD today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to create a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on stock apps to use, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of depositing money into your investment account.
Step 4: Analyze Clearfield stock
Once you have identified the best place to buy Clearfield stock, it's important to research their stock before you invest, so you actually understand the risk and upside.
Overview of key CLFD info
CLFD Zen Score
WallStreetZen was created to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on CLFD's stock page.
What is the fair value of CLFD stock?
Investors use many financial metrics, analyses, models, and charts to gauge CLFD's intrinsic value.
Using relative valuations methods:
- CLFD could be overvalued based on its P/E ratio of 35.62x, relative to Communication Equipment industry P/E ratio of 17.75x
- CLFD could be undervalued based on its P/B ratio of 1.41x, relative to Communication Equipment industry P/B ratio of 2.64x
- CLFD could be overvalued based on its PEG ratio of 2.48x
You can access more valuation research on CLFD's stock here.
CLFD Financial Overview
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the CLFD balance sheet.
- CLFD has a low debt to equity ratio of 0.12.
- CLFD earnings of $18.21M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the CLFD balance sheet.
- CLFD's operating cash flow of $26.73M allows it to safely service it's debt of $19.53M.
Failed Health Checks:
- CLFD profit margin has gone down from 17.4% to 6% in the past year.
- Total CLFD debt is higher than 5 years ago, relative to shareholder equity.
Is Clearfield stock a Buy, Hold, or Sell, according to analysts?
Out of 2 sell side analysts who give forecasts on CLFD, the consensus analyst rating on Clearfield is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are forecasting on the Clearfield stock forecast page.
CLFD Momentum
CLFD Performance Numbers
Last year, CLFD earnings were $13.01M. Over the past five year, CLFD's earnings have gone up by 19.67% per year. This was faster than the Communication Equipment industry average of 5.59%.
Last year, CLFD revenue was $217.01M. Over the past 5 year, CLFD's revenue has gone up by 21.82% per year. This was faster than the Communication Equipment industry average of 3.95%.
Find out more about CLFD's earnings and revenue performance here.
Latest Insiders Trades at CLFD
In the past year, insiders at CLFD have bought more shares than they have sold.
Roger G. Harding, Director of CLFD, was the latest CLFD insider to buy. They bought $191,555.00 worth of CLFD shares on Mar 5, 2024.
Research more about who owns CLFD stock here.
Does CLFD stock generate passive income?
No, Clearfield doesn't provide an income stream by paying out dividends.
What do other traders have to say about CLFD?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Execute your CLFD trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you require additional help investing in stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your CLFD position
Now that you own some CLFD stock, you'll want to keep up with your new company.
Put CLFD on a watchlist to keep track of your CLFD stock.
CLFD Feed
How to Buy Stock in Clearfield
To reiterate, here are the 6 steps to buy stock in Clearfield:
- Figure out where to buy Clearfield stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Analyze Clearfield stock
- Execute your CLFD trade
- Get the latest scoop on your CLFD position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Clearfield, create your watchlist below.
More Stock Buying Guides You Might Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.