Clearfield (NASDAQ:CLFD) Raised to “Outperform” at Northland Securities

Clearfield (NASDAQ:CLFD) was upgraded by analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage presently has a $45.00 price objective on the communications equipment provider’s stock. Northland Securities’ price objective would suggest a potential upside of 58.06% from the company’s previous close.

Other analysts have also issued reports about the company. Northland Capmk lowered Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research report on Wednesday, October 8th. Roth Capital decreased their price target on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday. Needham & Company LLC dropped their price target on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wall Street Zen raised shares of Clearfield from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Clearfield has an average rating of “Buy” and a consensus target price of $43.50.

Clearfield Trading Up 1.6%

NASDAQ CLFD opened at $28.47 on Wednesday. The firm’s 50 day simple moving average is $33.65 and its 200 day simple moving average is $36.66. The firm has a market capitalization of $393.06 million, a price-to-earnings ratio of 2,847.00 and a beta of 1.81. Clearfield has a 1 year low of $23.78 and a 1 year high of $46.76.

Clearfield (NASDAQ:CLFD) last released its earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Clearfield had a return on equity of 0.07% and a net margin of 0.11%.The firm had revenue of $17.59 million during the quarter, compared to analysts’ expectations of $49.55 million. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS. FY 2026 guidance at 0.480-0.620 EPS. On average, equities research analysts forecast that Clearfield will post -0.29 earnings per share for the current year.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CLFD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 312 shares in the last quarter. Creative Planning increased its stake in shares of Clearfield by 4.8% in the 3rd quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock valued at $420,000 after acquiring an additional 563 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Clearfield by 5.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 11,895 shares of the communications equipment provider’s stock valued at $516,000 after acquiring an additional 645 shares during the period. BNP Paribas Financial Markets boosted its stake in Clearfield by 6.3% during the third quarter. BNP Paribas Financial Markets now owns 14,027 shares of the communications equipment provider’s stock worth $482,000 after acquiring an additional 834 shares in the last quarter. Finally, US Bancorp DE grew its holdings in Clearfield by 705.0% in the first quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock worth $29,000 after purchasing an additional 846 shares during the period. 88.73% of the stock is owned by institutional investors and hedge funds.

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.