Clearfield (NASDAQ:CLFD) Rating Increased to Strong-Buy at Northland Capmk

Northland Capmk upgraded shares of Clearfield (NASDAQ:CLFD) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports. Northland Capmk also issued estimates for Clearfield’s Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.33 EPS and FY2026 earnings at $0.54 EPS.

Several other brokerages have also weighed in on CLFD. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research report on Wednesday, October 8th. Wall Street Zen upgraded Clearfield from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Lake Street Capital cut their price objective on Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday. Needham & Company LLC decreased their target price on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $43.50.

Clearfield Stock Up 1.6%

Shares of CLFD opened at $28.47 on Wednesday. Clearfield has a 52-week low of $23.78 and a 52-week high of $46.76. The stock has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $36.72. The company has a market capitalization of $393.06 million, a PE ratio of 2,847.00 and a beta of 1.81.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating 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 $41.10 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that Clearfield will post -0.29 earnings per share for the current fiscal year.

Clearfield declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 25th that permits the company to buyback $85.00 million in shares. This buyback authorization permits the communications equipment provider to repurchase up to 22% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of Clearfield

Hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its holdings in shares of 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 in the last quarter. PNC Financial Services Group Inc. boosted its position 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 period. Vanguard Group Inc. grew its stake in shares of Clearfield by 0.8% in the first quarter. Vanguard Group Inc. now owns 952,059 shares of the communications equipment provider’s stock worth $28,295,000 after acquiring an additional 7,919 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Clearfield by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 95,825 shares of the communications equipment provider’s stock worth $2,848,000 after acquiring an additional 4,290 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Clearfield by 60.6% in the first quarter. Invesco Ltd. now owns 24,325 shares of the communications equipment provider’s stock valued at $723,000 after acquiring an additional 9,179 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

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.