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

Shares of Clearfield, Inc. (NASDAQ:CLFDGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $43.75.

Several research firms have weighed in on CLFD. Roth Capital reissued a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th.

Read Our Latest Research Report on Clearfield

Insider Buying and Selling

In other news, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total value of $67,191.60. Following the transaction, the insider owned 25,126 shares in the company, valued at approximately $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of Clearfield stock in a transaction on Monday, May 11th. The stock was 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 in the company, valued at approximately $399,806.10. The trade was a 21.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Clearfield

Several hedge funds and other institutional investors have recently modified their holdings of CLFD. Vanguard Group Inc. grew its stake in shares of Clearfield by 0.4% in the third quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock worth $32,317,000 after purchasing an additional 4,139 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in Clearfield by 1,705.7% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after purchasing an additional 453,173 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Clearfield by 11.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider’s stock valued at $9,357,000 after purchasing an additional 36,756 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in Clearfield by 4.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 289,610 shares of the communications equipment provider’s stock worth $7,666,000 after buying an additional 11,500 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Clearfield by 21.1% in the 1st quarter. Royal Bank of Canada now owns 282,350 shares of the communications equipment provider’s stock worth $7,474,000 after buying an additional 49,249 shares during the last quarter. 88.73% of the stock is owned by institutional investors.

Clearfield Stock Performance

Shares of Clearfield stock remained flat at $33.77 during trading on Friday. The stock had a trading volume of 124,929 shares, compared to its average volume of 188,779. The company has a market capitalization of $458.93 million, a PE ratio of -54.47 and a beta of 2.11. Clearfield has a 12-month low of $23.76 and a 12-month high of $52.73. The business has a 50 day simple moving average of $40.10 and a two-hundred day simple moving average of $33.49.

Clearfield (NASDAQ:CLFDGet Free Report) last released its earnings results 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 positive return on equity of 1.03% and a negative net margin of 5.41%.The company had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, sell-side analysts expect that Clearfield will post 0.52 earnings per share for the current year.

About Clearfield

(Get Free Report)

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 FieldSmartâ„¢ 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.

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Analyst Recommendations for Clearfield (NASDAQ:CLFD)

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