Clearfield (NASDAQ:CLFD) Issues Q3 2026 Earnings Guidance

Key Points

• Q3 2026 guidance: Clearfield issued EPS guidance of $0.170–$0.210, below the consensus $0.230, while revenue guidance of $42.0M–$46.0M roughly brackets the $43.7M consensus.
• Shares traded up to $30.16 midday (market cap ~$412.8M) despite the softer EPS outlook; the stock shows a 52‑week range of $23.76–$46.76 and a negative trailing P/E of -61.54.
• Analyst and ownership context: the stock has an average rating of Moderate Buy with a $43.75 target, a director recently sold shares (reducing his stake ~24.9%), insiders own 17.8% and institutions hold a large portion of shares.

Clearfield (NASDAQ:CLFD - Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.170-0.210 for the period, compared to the consensus EPS estimate of 0.230. The company issued revenue guidance of $42.0 million-$46.0 million, compared to the consensus revenue estimate of $43.7 million.

Clearfield Price Performance

Shares of CLFD stock traded up $0.35 during mid-day trading on Wednesday, hitting $30.16. The company had a trading volume of 131,172 shares, compared to its average volume of 133,496. Clearfield has a 52-week low of $23.76 and a 52-week high of $46.76. The stock's 50 day moving average price is $29.12 and its 200-day moving average price is $30.47. The company has a market capitalization of $412.82 million, a P/E ratio of -61.54 and a beta of 1.90.

Clearfield (NASDAQ:CLFD - Get Free Report) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. The firm had revenue of $34.39 million for the quarter, compared to the consensus estimate of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, equities research analysts expect that Clearfield will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLFD shares. Zacks Research downgraded shares of Clearfield from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Roth Mkm reissued a "buy" rating and issued a $44.00 target price on shares of Clearfield in a report on Monday. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Clearfield in a research note on Monday, April 20th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Clearfield has an average rating of "Moderate Buy" and an average target price of $43.75.

Insider Transactions at Clearfield

In related news, Director Donald R. Hayward sold 3,595 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total transaction of $115,040.00. Following the sale, the director owned 10,870 shares of the company's stock, valued at $347,840. This represents a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Clearfield

Hedge funds and other institutional investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC raised its stake in shares of Clearfield by 29.6% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 11,940 shares of the communications equipment provider's stock valued at $348,000 after acquiring an additional 2,725 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Clearfield by 6.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider's stock valued at $310,000 after acquiring an additional 635 shares during the period. Inceptionr LLC purchased a new stake in shares of Clearfield in the fourth quarter valued at $294,000. Brevan Howard Capital Management LP purchased a new stake in shares of Clearfield in the second quarter valued at $255,000. Finally, State of Wisconsin Investment Board raised its stake in shares of Clearfield by 19.2% in the fourth quarter. State of Wisconsin Investment Board now owns 8,502 shares of the communications equipment provider's stock valued at $248,000 after acquiring an additional 1,367 shares during the period. Hedge funds and other institutional investors own 88.73% of the company's stock.

About Clearfield

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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