Clearfield (NASDAQ:CLFD) Given New $45.00 Price Target at Needham & Company LLC

Clearfield (NASDAQ:CLFD) had its price objective lowered by Needham & Company LLC from $50.00 to $45.00 in a research report released on Wednesday, MarketBeat.com reports. Needham & Company LLC currently has a buy rating on the communications equipment provider’s stock.

CLFD has been the subject of several other reports. Roth Capital reduced their target price on Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday. Northland Securities cut shares of Clearfield from an “outperform” rating to a “market perform” rating and set a $45.00 price objective for the company. in a research report on Thursday, August 7th. Wall Street Zen raised shares of Clearfield from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Northland Capmk cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Clearfield presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Clearfield Stock Up 1.6%

NASDAQ:CLFD opened at $28.47 on Wednesday. The company has a market cap of $393.06 million, a P/E ratio of 2,847.00 and a beta of 1.81. Clearfield has a twelve month low of $23.78 and a twelve month high of $46.76. The business has a 50 day moving average price of $33.77 and a two-hundred day moving average price of $36.72.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.04. Clearfield had a return on equity of 0.07% and a net margin of 0.11%.The company had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $49.55 million. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS. FY 2026 guidance at 0.480-0.620 EPS. As a group, analysts anticipate that Clearfield will post -0.29 earnings per share for the current fiscal year.

Clearfield announced that its Board of Directors has authorized a stock 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 purchase up to 22% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CLFD. US Bancorp DE raised its position in Clearfield by 705.0% in the first quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after purchasing an additional 846 shares during the last quarter. Quarry LP acquired a new position in shares of Clearfield in the third quarter valued at approximately $42,000. PNC Financial Services Group Inc. raised its holdings in Clearfield by 2,710.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock valued at $55,000 after buying an additional 1,789 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Clearfield by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock worth $82,000 after buying an additional 1,012 shares during the period. Finally, Strs Ohio bought a new stake in Clearfield during the 1st quarter worth approximately $131,000. 88.73% of the stock is currently owned by institutional investors and hedge funds.

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.