Clearfield, Inc. (NASDAQ:CLFD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts give Clearfield a “Moderate Buy” consensus: Five of seven covering firms recommend buying the stock, with an average 12-month price target of $41.75 versus its recent $30.64 price.
• Clearfield’s latest quarterly results exceeded expectations on earnings, reporting $0.22 per share versus the $0.19 consensus, while revenue of $43.86 million was slightly below estimates.
• Institutional ownership is high at 88.73%: Several major investors, including AIGH Capital Management and BlackRock, initiated or increased positions during the second quarter.

Shares of Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.75.

Several equities analysts have weighed in on the company. Weiss Ratings raised Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, August 21st. Needham & Company LLC decreased their price target on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Finally, Lake Street Capital set a $38.00 price objective on shares of Clearfield in a research report on Thursday, August 6th.

Clearfield Stock Up 1.8%

Shares of NASDAQ:CLFD opened at $30.64 on Friday. The company's fifty day moving average is $29.85 and its two-hundred day moving average is $33.10. The company has a market cap of $416.09 million, a P/E ratio of -60.08 and a beta of 2.11. Clearfield has a 12-month low of $23.76 and a 12-month high of $52.73.

Clearfield (NASDAQ:CLFD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $43.86 million for the quarter, compared to the consensus estimate 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. Equities research analysts anticipate that Clearfield will post 0.23 earnings per share for the current year.

Hedge Funds Weigh In On Clearfield

Institutional investors have recently modified their holdings of the company. AIGH Capital Management LLC bought a new position in shares of Clearfield in the second quarter worth about $40,127,000. BlackRock Inc. bought a new position in Clearfield in the 2nd quarter worth approximately $38,096,000. ACK Asset Management LLC lifted its holdings in shares of Clearfield by 10.2% during the second quarter. ACK Asset Management LLC now owns 810,200 shares of the communications equipment provider's stock worth $32,238,000 after buying an additional 75,000 shares during the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Clearfield in the second quarter worth $11,046,000. Finally, Dimensional Fund Advisors LP increased its position in 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. Institutional investors own 88.73% of the company's stock.

About Clearfield

Clearfield, Inc NASDAQ: CLFD develops and manufactures fiber optic connectivity solutions used to build, expand, and maintain broadband networks. Its products are designed to simplify fiber deployment and support high-speed communications infrastructure for telecommunications and broadband service providers.

The company's portfolio includes fiber distribution hubs, cabinets, terminals, enclosures, panels, optical fiber assemblies, and related connectivity components. Clearfield also offers its FieldShield line of ruggedized, craft-friendly fiber products, which are intended to help network operators deploy fiber efficiently in locations such as homes, businesses, and other subscriber premises.

Clearfield serves a range of customers, including wireline telecommunications carriers, cable and broadband operators, municipalities, utilities, government entities, and other organizations involved in fiber network construction.

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