Lake Street Remains a Buy on Clearfield (CLFD)
Lake Street analyst Jaeson Schmidt maintained a Buy rating on Clearfield today and set a price target of $52.00.
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According to TipRanks, Schmidt is a 5-star analyst with an average return of 20.2% and a 45.01% success rate. Schmidt covers the Technology sector, focusing on stocks such as Aviat Networks, Kopin, and Lantronix.
Clearfield has an analyst consensus of Moderate Buy, with a price target consensus of $52.00.
Based on Clearfield’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $49.9 million and a net profit of $1.61 million. In comparison, last year the company earned a revenue of $48.79 million and had a GAAP net loss of $447 thousand
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