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

Shares of Clearfield, Inc. (NASDAQ:CLFD) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $43.50.

CLFD has been the subject of a number of research reports. Northland Securities raised shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, January 21st. UBS Group reissued a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. Lake Street Capital lowered their target price on Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Wall Street Zen downgraded Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th.

Clearfield Price Performance

Shares of NASDAQ:CLFD opened at $31.79 on Monday. Clearfield has a 1 year low of $23.78 and a 1 year high of $46.76. The company has a market capitalization of $435.21 million, a PE ratio of -64.88 and a beta of 1.93. The business has a fifty day moving average price of $31.08 and a two-hundred day moving average price of $32.02.

Clearfield (NASDAQ:CLFD) last issued its quarterly 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. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. The company had revenue of $34.34 million for the quarter, compared to the consensus estimate of $31.77 million. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Sell-side analysts anticipate that Clearfield will post -0.29 earnings per share for the current year.

Clearfield declared that its Board of Directors has authorized a share repurchase 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 buy up to 22% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In other Clearfield news, Chairman Ronald G. Roth bought 10,000 shares of the stock in a transaction on Monday, December 15th. The shares were acquired at an average price of $30.06 per share, with a total value of $300,600.00. Following the acquisition, the chairman directly owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. The trade was a 0.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald R. Hayward sold 3,595 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $32.00, for a total value of $115,040.00. Following the sale, the director owned 10,870 shares in the company, valued at approximately $347,840. This represents a 24.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CLFD. Cooper Creek Partners Management LLC grew its position in 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 acquiring an additional 453,173 shares during the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of Clearfield in the 2nd quarter worth approximately $10,022,000. Ancora Advisors LLC boosted its stake in shares of Clearfield by 445.2% in the 3rd quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock valued at $6,176,000 after purchasing an additional 146,690 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Clearfield by 286.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after purchasing an additional 115,626 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Clearfield by 48.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock valued at $9,029,000 after purchasing an additional 85,610 shares during the last quarter. 88.73% of the stock is currently owned by hedge funds and other institutional investors.

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.