Clearfield, Inc. CLFD was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $12.40 to $14.02 in the past one-month time frame.
This wireless equipment industry stock witnessed one negative estimate revision in the past 30 days. The Zacks Consensus Estimate also moved down over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
Clearfield carries a Zacks Rank #2 (Buy).
Investors interested in the space may also consider Ericsson ERIC, sporting a Zacks Rank #1 (Strong Buy).
Is CLFD going up? Or down? Predict to see what others think: Up or Down
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