Royal Bank of Canada Grows Stock Holdings in Clearfield, Inc. $CLFD

Key Points

• Royal Bank of Canada increased its Clearfield stake by 21.1% in the first quarter, owning 282,350 shares valued at approximately $7.5 million. Institutional investors collectively hold 88.73% of the company.
• Analysts maintain a generally positive outlook, with five Buy ratings, one Hold and one Sell; Clearfield has a consensus “Moderate Buy” rating and an average price target of $41.75.
• Clearfield beat quarterly EPS estimates, reporting $0.22 versus the expected $0.19, although revenue of $43.86 million was slightly below forecasts. The stock opened at $28.79, well below its 52-week high of $52.73.

Royal Bank of Canada lifted its holdings in Clearfield, Inc. (NASDAQ:CLFD - Free Report) by 21.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,350 shares of the communications equipment provider's stock after acquiring an additional 49,249 shares during the period. Royal Bank of Canada owned approximately 2.08% of Clearfield worth $7,474,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CLFD. Quarry LP purchased a new stake in Clearfield during the 3rd quarter worth $42,000. Tower Research Capital LLC TRC raised its position in Clearfield by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider's stock valued at $82,000 after purchasing an additional 1,012 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Clearfield during the fourth quarter worth about $63,000. Strs Ohio acquired a new position in shares of Clearfield during the first quarter worth about $131,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Clearfield in the second quarter worth about $220,000. Hedge funds and other institutional investors own 88.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Lake Street Capital set a $38.00 target price on Clearfield in a research note on Thursday. Needham & Company LLC decreased their price target on Clearfield from $52.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Roth Capital restated a "buy" rating and issued a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Clearfield in a research report on Friday. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.75.

Insider Buying and Selling

In other Clearfield news, insider Anis Khemakhem sold 1,684 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares in the company, valued at $1,002,527.40. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is currently owned by corporate insiders.

Clearfield Stock Up 4.8%

NASDAQ:CLFD opened at $28.79 on Tuesday. The business's 50 day moving average is $35.37 and its two-hundred day moving average is $33.60. Clearfield, Inc. has a 52 week low of $23.76 and a 52 week high of $52.73. The company has a market cap of $391.23 million, a PE ratio of -56.45 and a beta of 2.12.

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 during 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. As a group, sell-side analysts expect that Clearfield, Inc. will post 0.23 EPS for the current fiscal year.

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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