Clearfield, Inc. (NASDAQ:CLFD) Receives $43.50 Average Target Price from Brokerages

Clearfield, Inc. (NASDAQ:CLFD) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $43.50.

Several research analysts have recently issued reports on the stock. Northland Securities upgraded shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Wednesday, November 26th. Lake Street Capital cut their price target on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Needham & Company LLC decreased their price objective on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, January 21st. Finally, Wall Street Zen cut Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th.

Insider Buying and Selling at Clearfield

In other Clearfield news, Chairman Ronald G. Roth bought 10,000 shares of Clearfield stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of $30.06 per share, with a total value of $300,600.00. Following the completion of the purchase, the chairman owned 1,279,264 shares of the company’s stock, valued at approximately $38,454,675.84. This represents a 0.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.80% of the company’s stock.

Institutional Trading of Clearfield

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Clearfield by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock worth $32,317,000 after purchasing an additional 4,139 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Clearfield by 1,705.7% during the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after buying an additional 453,173 shares during the period. Dimensional Fund Advisors LP raised its stake in Clearfield by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 345,833 shares of the communications equipment provider’s stock worth $11,889,000 after buying an additional 8,288 shares in the last quarter. Royal Bank of Canada lifted its holdings in Clearfield by 6.2% in 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, Punch & Associates Investment Management Inc. lifted its holdings in Clearfield by 48.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock worth $9,029,000 after buying an additional 85,610 shares during the period. Institutional investors own 88.73% of the company’s stock.

Clearfield Trading Up 0.1%

CLFD opened at $31.44 on Thursday. Clearfield has a 12 month low of $23.78 and a 12 month high of $46.76. The business’s 50-day moving average price is $30.28 and its 200-day moving average price is $32.71. The company has a market cap of $430.41 million, a P/E ratio of -64.16 and a beta of 1.94.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $31.77 million. Clearfield had a positive return on equity of 1.72% and a negative net margin of 3.93%.Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Equities research analysts forecast that Clearfield will post -0.29 earnings per share for the current fiscal year.

Clearfield announced that its board has authorized a stock repurchase program on Tuesday, November 25th that allows the company to repurchase $85.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 22% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.