Clearfield, Inc. (NASDAQ:CLFD) Stock Now Rated “Hold” by Wall Street Brokerages

Clearfield, Inc. (NASDAQ:CLFD) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.75.

A number of research analysts have recently issued reports on CLFD shares. Zacks Research downgraded shares of Clearfield from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Lake Street Capital set a $38.00 price objective on shares of Clearfield in a research report on Thursday, August 6th. Weiss Ratings raised Clearfield from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Needham & Company LLC decreased their target price on shares of Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.

Clearfield Price Performance

Shares of NASDAQ CLFD opened at $30.60 on Tuesday. Clearfield has a one year low of $23.76 and a one year high of $52.73. The firm has a market cap of $415.55 million, a price-to-earnings ratio of 101.62 and a beta of 2.14. The stock’s fifty day moving average price is $30.09 and its two-hundred day moving average price is $33.48.

Clearfield (NASDAQ:CLFD) last released its 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. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%. The firm had revenue of $43.86 million during the quarter, compared to the consensus estimate of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. On average, equities analysts anticipate that Clearfield will post 0.23 earnings per share for the current fiscal year.

Institutional Trading of Clearfield

A number of large investors have recently added to or reduced their stakes in the stock. Drum Hill Capital LLC raised its stake in Clearfield by 2.7% during the first quarter. Drum Hill Capital LLC now owns 51,276 shares of the communications equipment provider’s stock valued at $1,357,000 after buying an additional 1,364 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Clearfield by 14.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,270 shares of the communications equipment provider’s stock worth $568,000 after buying an additional 1,837 shares during the last quarter. Cetera Trust Company N.A acquired a new position in shares of Clearfield in the 2nd quarter valued at about $80,000. Legal & General Group Plc acquired a new stake in Clearfield during the second quarter worth about $89,000. Finally, State of Wyoming bought a new position in Clearfield in the second quarter worth about $96,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) develops and manufactures fiber-optic connectivity products used to deploy and manage broadband networks. Its portfolio includes fiber cabinets, terminals, enclosures, splice closures, patch panels, drop products and other components designed to support fiber-to-the-home and other fiber access architectures.

The company’s products are marketed under the Clearfield brand and are intended to simplify network construction, installation and maintenance. Clearfield serves broadband service providers, cable and telecommunications operators, utilities, municipalities, government organizations and other network operators, with a primary focus on fiber infrastructure deployments in North America.

Clearfield traces its roots to 1979 and has evolved from a provider of telecommunications equipment into a specialist in passive fiber connectivity solutions.