Clearfield (NASDAQ:CLFD) Upgraded at Northland Capmk

Northland Capmk upgraded shares of Clearfield (NASDAQ:CLFD) from a hold rating to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports. Northland Capmk also issued estimates for Clearfield’s Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $0.54 EPS.

Other equities research analysts have also recently issued research reports about the stock. Northland Securities upgraded shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday. Lake Street Capital reduced their target price on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday. Needham & Company LLC decreased their target price on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research report on Wednesday, October 8th. Finally, UBS Group reissued a “buy” rating on shares of Clearfield in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $43.50.

Clearfield Trading Up 3.2%

NASDAQ:CLFD opened at $29.38 on Wednesday. The business’s 50-day moving average is $33.56 and its 200 day moving average is $36.61. Clearfield has a 12 month low of $23.78 and a 12 month high of $46.76. The company has a market capitalization of $405.62 million, a P/E ratio of 2,938.00 and a beta of 1.81.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $17.59 million for the quarter, compared to the consensus estimate 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 forecast that Clearfield will post -0.29 earnings per share for the current year.

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

Hedge Funds Weigh In On Clearfield

A number of large investors have recently bought and sold shares of the business. Penn Capital Management Company LLC increased its stake in Clearfield by 67.6% in the third quarter. Penn Capital Management Company LLC now owns 11,335 shares of the communications equipment provider’s stock worth $390,000 after purchasing an additional 4,570 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Clearfield during the third quarter valued at $244,000. Quarry LP bought a new position in shares of Clearfield in the third quarter worth about $42,000. Punch & Associates Investment Management Inc. increased its stake in Clearfield by 48.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock worth $9,029,000 after buying an additional 85,610 shares during the period. Finally, Millennium Management LLC increased its stake in Clearfield by 103.6% in the 3rd quarter. Millennium Management LLC now owns 38,196 shares of the communications equipment provider’s stock worth $1,313,000 after buying an additional 19,440 shares during the period. Hedge funds and other 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.