Clearfield, Inc. (NASDAQ:CLFD) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Clearfield, Inc. (NASDAQ:CLFD) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $43.75.

CLFD has been the subject of several analyst reports. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Roth Mkm reissued a “buy” rating and issued a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th.

Clearfield Price Performance

Shares of NASDAQ:CLFD opened at $33.97 on Friday. The business’s 50 day moving average price is $39.65 and its 200-day moving average price is $33.33. Clearfield has a 1 year low of $23.76 and a 1 year high of $52.73. The firm has a market capitalization of $461.65 million, a price-to-earnings ratio of -54.79 and a beta of 2.11.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, sell-side analysts expect that Clearfield will post 0.52 earnings per share for the current year.

Insider Transactions at Clearfield

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the transaction, the director directly owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. The trade was a 21.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anis Khemakhem sold 1,684 shares of the firm’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. Additional details regarding this sale are available in the official SEC disclosure. 17.80% of the stock is owned by company insiders.

Institutional Trading of Clearfield

A number of large investors have recently made changes to their positions in CLFD. Bank of America Corp DE grew its position in shares of Clearfield by 11.4% during the first quarter. Bank of America Corp DE now owns 115,156 shares of the communications equipment provider’s stock worth $3,048,000 after acquiring an additional 11,798 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Clearfield by 21.1% during 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. Punch & Associates Investment Management Inc. increased its holdings in shares of Clearfield by 4.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 289,610 shares of the communications equipment provider’s stock valued at $7,666,000 after purchasing an additional 11,500 shares during the period. Renaissance Technologies LLC raised its stake in shares of Clearfield by 34.4% during the first quarter. Renaissance Technologies LLC now owns 136,700 shares of the communications equipment provider’s stock worth $3,618,000 after purchasing an additional 35,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 36,756 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

Clearfield Company Profile

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.