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

Clearfield, Inc. (NASDAQ:CLFD) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.75.

A number of research firms have weighed in on CLFD. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Mkm reissued a “buy” rating and set a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th.

Clearfield Trading Down 4.2%

CLFD stock opened at $39.37 on Wednesday. Clearfield has a twelve month low of $23.76 and a twelve month high of $52.73. The company’s 50 day moving average is $35.86 and its two-hundred day moving average is $32.17. The stock has a market cap of $535.04 million, a P/E ratio of -63.50 and a beta of 2.08.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data 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 negative net margin of 5.41% and a positive return on equity of 1.03%. The company had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, equities research analysts predict that Clearfield will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the sale, the director owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clearfield

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cooper Creek Partners Management LLC boosted its stake in shares of Clearfield by 1,705.7% during the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock worth $16,493,000 after buying an additional 453,173 shares during the period. Ancora Advisors LLC grew its holdings in shares of Clearfield by 445.2% during the third quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock worth $6,176,000 after buying an additional 146,690 shares during the last quarter. Russell Investments Group Ltd. increased its position in Clearfield by 286.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after acquiring an additional 115,626 shares during the period. Punch & Associates Investment Management Inc. increased its position 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 valued at $9,029,000 after acquiring an additional 85,610 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in Clearfield in the 2nd quarter valued at about $2,307,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

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.