Clearfield, Inc. (NASDAQ:CLFD) Given Average Recommendation of “Moderate Buy” by Analysts

Clearfield, Inc. (NASDAQ:CLFD) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $43.75.

A number of research firms have issued reports on CLFD. Zacks Research lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Roth Mkm reissued a “buy” rating and set a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday.

Clearfield Stock Down 2.4%

CLFD stock opened at $43.50 on Friday. The firm has a 50 day moving average of $30.62 and a 200 day moving average of $30.84. The stock has a market capitalization of $591.17 million, a PE ratio of -70.16 and a beta of 1.90. Clearfield has a 52 week low of $23.76 and a 52 week high of $46.76.

Clearfield (NASDAQ:CLFD) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS 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 during 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 expect that Clearfield will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other Clearfield news, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donald R. Hayward sold 3,595 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $32.00, for a total transaction of $115,040.00. Following the transaction, the director directly owned 10,870 shares of the company’s stock, valued at $347,840. This represents a 24.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Clearfield

A number of institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of Clearfield during the 3rd quarter valued at approximately $42,000. Tower Research Capital LLC TRC increased its holdings in shares of 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 valued at $82,000 after purchasing an additional 1,012 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Clearfield during the 4th quarter valued at approximately $63,000. Strs Ohio purchased a new position in shares of Clearfield during the 1st quarter valued at approximately $131,000. Finally, Captrust Financial Advisors purchased a new position in shares of Clearfield during the 2nd quarter valued at approximately $220,000. 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.