Clearfield, Inc. (NASDAQ:CLFD) Given Average Rating of “Moderate Buy” by Analysts

Shares of Clearfield, Inc. (NASDAQ:CLFD) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.75.

A number of research firms recently weighed in on CLFD. Needham & Company LLC lowered their target price on shares of Clearfield from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Lake Street Capital set a $38.00 price target on Clearfield in a research note on Thursday, August 6th. Weiss Ratings raised Clearfield from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, August 21st. Finally, Roth Capital reissued a “buy” rating and issued a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th.

Clearfield Price Performance

Shares of NASDAQ:CLFD opened at $29.53 on Monday. Clearfield has a twelve month low of $23.76 and a twelve month high of $52.73. The stock’s 50 day moving average is $31.93 and its 200-day moving average is $33.41. The firm has a market capitalization of $401.02 million, a price-to-earnings ratio of -57.90 and a beta of 2.12.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. The business 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. Equities research analysts anticipate that Clearfield will post 0.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Anis Khemakhem sold 1,684 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares in the company, valued at approximately $1,002,527.40. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 17.80% of the stock is currently owned by insiders.

Institutional Trading of Clearfield

Institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of Clearfield by 910.8% in the second quarter. California State Teachers Retirement System now owns 6,287 shares of the communications equipment provider’s stock valued at $250,000 after purchasing an additional 5,665 shares during the last quarter. AXQ Capital LP purchased a new position in Clearfield during the second quarter worth about $355,000. Punch & Associates Investment Management Inc. purchased a new position in Clearfield during the second quarter worth about $11,046,000. Bank of America Corp DE bought a new stake in Clearfield in the 2nd quarter worth about $3,154,000. Finally, Lotus Technology Management LP bought a new stake in Clearfield in the 2nd quarter worth about $236,000. Institutional investors own 88.73% of the company’s stock.

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.