Clearfield, Inc. (NASDAQ:CLFD) Stock Has Average Price Target of $41.75

Key Points

• Clearfield has a consensus “Hold” rating from seven analysts, with five buys and two sells. The average 12-month price target is $41.75, above the stock’s reported price of $33.14.
• Analyst sentiment has been mixed: Needham lowered its price target to $40 while maintaining a buy rating, and Zacks downgraded the stock to “strong sell.”
• Clearfield exceeded quarterly EPS expectations, reporting $0.22 versus the $0.19 consensus, but revenue was slightly below estimates and the company continues to post a negative net margin. Institutional investors own approximately 88.7% of the stock.

Shares of Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) have been assigned a consensus rating of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $41.75.

A number of equities research analysts recently weighed in on CLFD shares. Weiss Ratings raised shares of Clearfield from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday. Needham & Company LLC cut their target price 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. Zacks Research downgraded Clearfield from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 1st. Finally, Lake Street Capital set a $38.00 target price on Clearfield in a report on Thursday, August 6th.

Clearfield Price Performance

Clearfield stock opened at $33.14 on Tuesday. Clearfield has a 12 month low of $23.76 and a 12 month high of $52.73. The company has a fifty day moving average price of $30.05 and a two-hundred day moving average price of $33.39. The company has a market cap of $450.17 million, a PE ratio of -64.98 and a beta of 2.14.

Clearfield (NASDAQ:CLFD - Get Free Report) last issued its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. The company had revenue of $43.86 million for the quarter, compared to analysts' expectations of $43.92 million. 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

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Clearfield by 21.1% in the first quarter. Royal Bank of Canada now owns 282,350 shares of the communications equipment provider's stock worth $7,474,000 after buying an additional 49,249 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Clearfield in the second quarter valued at $1,454,000. BlackRock Inc. acquired a new stake in shares of Clearfield during the 2nd quarter valued at $38,096,000. Dimensional Fund Advisors LP lifted its position in shares of Clearfield by 11.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider's stock valued at $9,357,000 after acquiring an additional 36,756 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Clearfield during the 2nd quarter valued at $11,046,000. Institutional investors and hedge funds own 88.73% of the company's stock.

About Clearfield

Clearfield, Inc NASDAQ: CLFD develops and manufactures fiber-optic connectivity products used to deploy and manage broadband networks. Its portfolio includes fiber cabinets, terminals, enclosures, splice closures, patch panels, drop products and other components designed to support fiber-to-the-home and other fiber access architectures.

The company's products are marketed under the Clearfield brand and are intended to simplify network construction, installation and maintenance. Clearfield serves broadband service providers, cable and telecommunications operators, utilities, municipalities, government organizations and other network operators, with a primary focus on fiber infrastructure deployments in North America.

Clearfield traces its roots to 1979 and has evolved from a provider of telecommunications equipment into a specialist in passive fiber connectivity solutions.

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