Northland Securities Expects Lower Earnings for Clearfield

Key Points

• Northland Securities cut Clearfield’s FY2026 EPS forecast to $0.23 from $0.54, aligning with the current consensus estimate. The firm projects FY2027 EPS of $0.63.
• Clearfield’s latest quarterly results beat expectations, with EPS of $0.22 versus the $0.19 consensus, although revenue of $43.86 million was slightly below forecasts. The company guided to FY2026 EPS of $0.14–$0.21.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $41.75 price target, despite recent target reductions and the stock opening at $27.48—near the lower end of its annual range.

Clearfield, Inc. (NASDAQ:CLFD - Free Report) - Stock analysts at Northland Securities decreased their FY2026 EPS estimates for Clearfield in a report released on Thursday, August 6th. Northland Securities analyst T. Savageaux now expects that the communications equipment provider will post earnings per share of $0.23 for the year, down from their previous forecast of $0.54. The consensus estimate for Clearfield's current full-year earnings is $0.23 per share. Northland Securities also issued estimates for Clearfield's Q4 2026 earnings at $0.05 EPS, Q1 2027 earnings at $0.10 EPS, Q2 2027 earnings at $0.12 EPS, Q3 2027 earnings at $0.11 EPS, Q4 2027 earnings at $0.31 EPS and FY2027 earnings at $0.63 EPS.

Clearfield (NASDAQ:CLFD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 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 analysts' expectations of $43.92 million. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS.

A number of other equities analysts have also commented on the company. Needham & Company LLC cut their price target on Clearfield from $52.00 to $40.00 and set a "buy" rating for the company in a report on Thursday. Weiss Ratings lowered Clearfield from a "hold (c-)" rating to a "sell (d-)" rating in a research note on Monday, May 11th. Roth Capital reissued a "buy" rating and set a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th. Finally, Lake Street Capital set a $38.00 target price on Clearfield in a research note on Thursday. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Clearfield currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.75.

Clearfield Stock Performance

Clearfield stock opened at $27.48 on Monday. The firm has a 50 day simple moving average of $35.76 and a 200 day simple moving average of $33.61. Clearfield has a 1-year low of $23.76 and a 1-year high of $52.73. The firm has a market capitalization of $373.18 million, a price-to-earnings ratio of -53.88 and a beta of 2.12.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Clearfield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider's stock worth $215,000 after buying an additional 312 shares during the last quarter. Deutsche Bank AG grew its position in Clearfield by 5.3% during the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider's stock valued at $257,000 after acquiring an additional 442 shares during the last quarter. Creative Planning raised its stake in shares of Clearfield by 4.8% during the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider's stock worth $420,000 after acquiring an additional 563 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Clearfield by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider's stock worth $310,000 after acquiring an additional 635 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its holdings in shares of Clearfield by 1.4% in the 4th quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider's stock worth $1,455,000 after acquiring an additional 713 shares during the last quarter. Institutional investors own 88.73% of the company's stock.

Insider Transactions at Clearfield

In other Clearfield news, insider Anis Khemakhem sold 1,684 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total value of $67,191.60. Following the sale, the insider directly owned 25,126 shares in the company, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.80% of the stock is owned by corporate insiders.

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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