Clearfield, Inc. (NASDAQ:CLFD) Receives $43.50 Consensus Target Price from Analysts

Clearfield, Inc. (NASDAQ:CLFD) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.50.

CLFD has been the subject of several analyst reports. Lake Street Capital dropped their target price on Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, January 21st. Needham & Company LLC cut their price objective on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Wall Street Zen lowered shares of Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Zacks Research raised shares of Clearfield from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 9th.

Insider Transactions at Clearfield

In other Clearfield news, Chairman Ronald G. Roth bought 10,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was bought at an average price of $30.06 per share, with a total value of $300,600.00. Following the completion of the purchase, the chairman directly owned 1,279,264 shares in the company, valued at $38,454,675.84. The trade was 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 link. 17.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Clearfield

A number of hedge funds have recently modified their holdings of CLFD. Quarry LP purchased a new stake in Clearfield in the 3rd quarter valued at about $42,000. Tower Research Capital LLC TRC increased its position in shares of Clearfield by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after acquiring an additional 1,012 shares during the last quarter. Strs Ohio purchased a new stake in shares of Clearfield in the 1st quarter valued at approximately $131,000. Quantbot Technologies LP purchased a new stake in shares of Clearfield in the 3rd quarter valued at approximately $202,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Clearfield by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after acquiring an additional 312 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

Clearfield Trading Up 6.3%

Shares of NASDAQ CLFD opened at $30.91 on Thursday. The stock has a market cap of $428.10 million, a PE ratio of -63.08 and a beta of 1.94. Clearfield has a 12-month low of $23.78 and a 12-month high of $46.76. The company has a 50-day moving average of $30.08 and a 200 day moving average of $32.97.

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

Clearfield declared that its board has approved a share repurchase plan on Tuesday, November 25th that allows the company to repurchase $85.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 22% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

About Clearfield

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.