Clearfield (NASDAQ:CLFD) to Buyback $85.00 million in Shares

Clearfield (NASDAQ:CLFD) declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 25th, RTT News reports. The company plans to repurchase $85.00 million in shares. This repurchase authorization allows the communications equipment provider to repurchase up to 22% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLFD. Northland Securities upgraded 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. Needham & Company LLC reduced their target price on Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research note on Wednesday. Finally, Lake Street Capital cut their price objective on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Clearfield currently has an average rating of “Buy” and an average price target of $43.50.

Clearfield Price Performance

NASDAQ CLFD opened at $28.47 on Friday. Clearfield has a 1-year low of $23.78 and a 1-year high of $46.76. The firm has a market capitalization of $393.06 million, a P/E ratio of 2,847.00 and a beta of 1.81. The business’s 50-day simple moving average is $33.65 and its 200-day simple moving average is $36.66.

Clearfield (NASDAQ:CLFD) last posted its earnings results 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. Clearfield had a net margin of 0.11% and a return on equity of 0.07%. The firm had revenue of $17.59 million during the quarter, compared to the consensus estimate 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. On average, equities research analysts expect that Clearfield will post -0.29 EPS for the current fiscal year.

About Clearfield

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.