Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $41.75.
A number of brokerages have recently weighed in on CLFD. Needham & Company LLC reduced their price objective on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Lake Street Capital set a $38.00 target price on shares of Clearfield in a research report on Thursday, August 6th. Weiss Ratings raised shares of Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a report on Friday. Finally, Roth Capital reiterated a "buy" rating and issued a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th.
Get Our Latest Research Report on Clearfield
Insider Activity at Clearfield
In other news, insider Anis Khemakhem sold 1,684 shares of the company's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total value of $67,191.60. Following the completion of the sale, the insider directly owned 25,126 shares of the company's stock, valued at approximately $1,002,527.40. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.80% of the company's stock.
Institutional Trading of Clearfield
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Clearfield by 21.1% in the 1st quarter. Royal Bank of Canada now owns 282,350 shares of the communications equipment provider's stock worth $7,474,000 after acquiring an additional 49,249 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Clearfield by 11.6% during the first quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider's stock worth $9,357,000 after acquiring an additional 36,756 shares during the period. UBS Group AG raised its holdings in Clearfield by 13.0% during the fourth quarter. UBS Group AG now owns 105,849 shares of the communications equipment provider's stock worth $3,085,000 after purchasing an additional 12,205 shares in the last quarter. AIGH Capital Management LLC purchased a new position in Clearfield during the second quarter worth about $40,127,000. Finally, Punch & Associates Investment Management Inc. lifted its position in Clearfield by 5.9% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 278,110 shares of the communications equipment provider's stock valued at $8,107,000 after purchasing an additional 15,500 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.
Clearfield Price Performance
CLFD opened at $27.54 on Monday. Clearfield has a 12 month low of $23.76 and a 12 month high of $52.73. The stock has a market capitalization of $373.99 million, a price-to-earnings ratio of -54.00 and a beta of 2.12. The business has a fifty day moving average price of $32.99 and a 200 day moving average price of $33.46.
Clearfield (NASDAQ:CLFD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. On average, research analysts anticipate that Clearfield will post 0.23 earnings per share for the current year.
Clearfield Company Profile
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Get Free Report)
Clearfield, Inc NASDAQ: CLFD is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company's core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield's modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.
Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.
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