Roth Capital Has Bullish Forecast for Clearfield Q3 Earnings

Key Points

• Roth Capital has raised its Q3 2026 earnings per share estimate for Clearfield to $0.29 from $0.22, maintaining a "Buy" rating for the stock.
• Despite positive earnings forecasts, Clearfield shares have recently decreased by 2.9%, settling at $32.30 per share.
• Institutional investors own 88.73% of Clearfield's stock, indicating strong interest from large investment firms.

Clearfield, Inc. (NASDAQ:CLFD - Free Report) - Equities researchers at Roth Capital lifted their Q3 2026 earnings per share (EPS) estimates for shares of Clearfield in a research note issued on Thursday, August 7th. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will post earnings per share of $0.29 for the quarter, up from their previous estimate of $0.22. Roth Capital has a "Buy" rating on the stock. The consensus estimate for Clearfield's current full-year earnings is ($0.29) per share.

CLFD has been the subject of several other research reports. Northland Capmk downgraded shares of Clearfield from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Northland Securities downgraded Clearfield from an "outperform" rating to a "market perform" rating and set a $45.00 target price on the stock. in a research report on Thursday. Finally, Wall Street Zen raised Clearfield from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $47.50.

Clearfield Stock Down 2.9%

Shares of NASDAQ CLFD traded down $0.96 during midday trading on Friday, reaching $32.30. 130,222 shares of the stock were exchanged, compared to its average volume of 135,741. The firm has a market cap of $446.70 million, a price-to-earnings ratio of 3,226.50 and a beta of 1.63. The firm has a 50-day simple moving average of $41.58 and a two-hundred day simple moving average of $35.42. Clearfield has a twelve month low of $23.78 and a twelve month high of $46.76.

Clearfield (NASDAQ:CLFD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The communications equipment provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.06. The firm had revenue of $49.90 million for the quarter, compared to analyst estimates of $47.58 million. Clearfield had a return on equity of 0.07% and a net margin of 0.11%.

Institutional Investors Weigh In On Clearfield

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Clearfield by 0.8% in the first quarter. Vanguard Group Inc. now owns 952,059 shares of the communications equipment provider's stock valued at $28,295,000 after purchasing an additional 7,919 shares during the period. Royce & Associates LP boosted its stake in shares of Clearfield by 1.3% in the 1st quarter. Royce & Associates LP now owns 485,009 shares of the communications equipment provider's stock valued at $14,414,000 after buying an additional 6,200 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Clearfield by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 322,378 shares of the communications equipment provider's stock worth $9,994,000 after buying an additional 48,730 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Clearfield by 6.2% during the first quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider's stock worth $8,020,000 after buying an additional 15,659 shares during the period. Finally, Select Equity Group L.P. raised its holdings in Clearfield by 770.2% in the first quarter. Select Equity Group L.P. now owns 176,304 shares of the communications equipment provider's stock valued at $5,240,000 after acquiring an additional 156,044 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company's stock.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.

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