Clearfield, Inc. (NASDAQ:CLFD) Receives $43.75 Consensus Price Target from Brokerages

Shares of Clearfield, Inc. (NASDAQ:CLFD) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.75.

A number of brokerages have issued reports on CLFD. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Roth Mkm restated a “buy” rating and issued a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th.

Clearfield Stock Down 1.4%

Shares of NASDAQ:CLFD opened at $39.43 on Wednesday. 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 $36.62 and its 200-day moving average is $32.37. The firm has a market capitalization of $535.85 million, a price-to-earnings ratio of -63.60 and a beta of 2.08.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.The company had revenue of $34.39 million for the quarter, compared to analyst estimates of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Equities research analysts anticipate that Clearfield will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the transaction, the director owned 8,682 shares in the company, valued at approximately $399,806.10. This represents a 21.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anis Khemakhem sold 1,684 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the transaction, the insider owned 25,126 shares of the company’s stock, valued at $1,002,527.40. The trade was a 6.28% decrease in their position. The SEC filing for this sale provides additional information. 17.80% of the stock is owned by corporate insiders.

Institutional Trading of Clearfield

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Clearfield in the 3rd quarter valued at about $42,000. Los Angeles Capital Management LLC purchased a new stake in shares of Clearfield in the 4th quarter valued at about $63,000. Tower Research Capital LLC TRC raised its holdings in shares of Clearfield by 116.3% in the 2nd 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 in the last quarter. Strs Ohio purchased a new stake in shares of Clearfield in the 1st quarter valued at about $131,000. Finally, Quantbot Technologies LP purchased a new position in shares of Clearfield during the 3rd quarter valued at about $202,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

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.