Clearfield, Inc. (NASDAQ:CLFD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Clearfield, Inc. (NASDAQ:CLFD) have been given a consensus rating of “Buy” by the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.50.

Several equities analysts have issued reports on CLFD shares. Lake Street Capital cut their price objective on Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Needham & Company LLC lowered their target price on Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. UBS Group reiterated a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. Northland Securities raised shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Wednesday, November 26th. Finally, Wall Street Zen downgraded shares of Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th.

Clearfield Stock Performance

CLFD opened at $32.51 on Thursday. The firm’s 50-day simple moving average is $30.16 and its 200-day simple moving average is $32.81. Clearfield has a twelve month low of $23.78 and a twelve month high of $46.76. The firm has a market cap of $450.26 million, a price-to-earnings ratio of -66.35 and a beta of 1.94.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The firm had revenue of $34.34 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Clearfield will post -0.29 EPS for the current fiscal year.

Clearfield announced that its board has approved a stock buyback plan on Tuesday, November 25th that permits the company to repurchase $85.00 million in shares. This repurchase authorization permits the communications equipment provider to purchase up to 22% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, Chairman Ronald G. Roth acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost 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 approximately $38,454,675.84. This trade represents a 0.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Clearfield

Several institutional investors have recently modified their holdings of CLFD. Quarry LP acquired a new stake in shares of Clearfield in the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its stake in Clearfield by 116.3% in 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 purchasing an additional 1,012 shares in the last quarter. Strs Ohio bought a new position in shares of Clearfield during the first quarter worth $131,000. Quantbot Technologies LP acquired a new position in shares of Clearfield in the 3rd quarter valued at $202,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 valued at $215,000 after buying an additional 312 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

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.