Clearfield (NASDAQ:CLFD) Stock Rating Upgraded by Northland Securities

Clearfield (NASDAQ:CLFD) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $45.00 price target on the communications equipment provider’s stock. Northland Securities’ target price would indicate a potential upside of 54.11% from the company’s current price.

A number of other analysts have also issued reports on the company. Needham & Company LLC decreased their price objective on Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday. Northland Capmk lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th. Roth Capital decreased their target price on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday. Wall Street Zen raised shares of Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Clearfield Stock Up 4.2%

CLFD stock opened at $29.20 on Wednesday. The business has a 50 day moving average of $33.87 and a 200-day moving average of $36.77. The firm has a market cap of $403.12 million, a PE ratio of 2,936.20 and a beta of 1.81. Clearfield has a 12-month low of $23.78 and a 12-month high of $46.76.

Clearfield (NASDAQ:CLFD) last released its earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $41.10 million for the quarter, compared to analysts’ expectations of $49.55 million. Clearfield had a return on equity of 0.07% and a net margin of 0.11%. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS. FY 2026 guidance at 0.480-0.620 EPS. On average, research analysts expect that Clearfield will post -0.29 earnings per share for the current year.

Clearfield announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 25th that authorizes the company to buyback $85.00 million in shares. This buyback authorization authorizes the communications equipment provider to purchase up to 22% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE lifted its position in Clearfield by 705.0% during the 1st quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 846 shares during the period. Quarry LP purchased a new position in Clearfield during the third quarter valued at $42,000. PNC Financial Services Group Inc. boosted its holdings in Clearfield by 2,710.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock worth $55,000 after acquiring an additional 1,789 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Clearfield by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 1,012 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Clearfield in the 1st quarter worth about $131,000. 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.