Clearfield (NASDAQ:CLFD – Get Free Report) had its price objective dropped by Needham & Company LLC from $52.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC’s price target indicates a potential upside of 18.45% from the stock’s current price.
A number of other equities analysts also recently weighed in on the company. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Capital reaffirmed a “buy” rating and set a $44.00 price objective on shares of Clearfield in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $42.50.
View Our Latest Analysis on CLFD
Clearfield Stock Performance
Clearfield (NASDAQ:CLFD – Get Free Report) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $43.86 million for the quarter, compared to the consensus estimate of $43.92 million. Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. Equities analysts forecast that Clearfield will post 0.52 earnings per share for the current fiscal year.
Insider Activity at Clearfield
In other 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 transaction, 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 SEC, which can be accessed through this hyperlink. Also, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total transaction of $67,191.60. Following the transaction, the insider owned 25,126 shares in the company, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The SEC filing for this sale provides additional information. 17.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Clearfield
Several institutional investors have recently bought and sold shares of CLFD. Quarry LP bought a new stake in Clearfield during the third quarter worth approximately $42,000. Los Angeles Capital Management LLC bought a new position in Clearfield in the 4th quarter worth $63,000. Tower Research Capital LLC TRC lifted its position in 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 worth $82,000 after acquiring an additional 1,012 shares during the last quarter. Strs Ohio bought a new stake in Clearfield during the first quarter valued at about $131,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after purchasing an additional 312 shares during the last quarter. 88.73% of the stock is currently owned by institutional investors.
More Clearfield News
Here are the key news stories impacting Clearfield this week:
- Positive Sentiment: Q3 earnings beat expectations: Clearfield reported adjusted earnings of $0.22 per share, up from $0.11 a year ago and above analysts’ estimates of approximately $0.19–$0.20. Clearfield Beats Q3 Earnings Estimates
- Positive Sentiment: Revenue was broadly in line: Fiscal Q3 revenue totaled $43.86 million, only slightly below the roughly $43.9 million consensus estimate, indicating that quarterly demand remained close to expectations. Clearfield Reports Third Quarter Fiscal 2026 Results
- Neutral Sentiment: Profitability remains weak: Clearfield posted a negative net margin of 5.41%, despite a slightly positive 1.03% return on equity, highlighting continued pressure on bottom-line performance.
- Negative Sentiment: Fourth-quarter outlook was cut well below expectations: Management guided to EPS of $0.00–$0.07 and revenue of $38 million–$42 million, versus analyst estimates of $0.41 EPS and $52.1 million in revenue. Clearfield Fiscal Q3 Earnings Snapshot
- Negative Sentiment: Full-year guidance also fell short: Clearfield forecast fiscal 2026 EPS of $0.14–$0.21 and revenue of $151 million–$155 million, compared with consensus estimates of $0.66 EPS and $164.8 million in revenue. The sizable guidance gap raises concerns about near-term demand and earnings visibility.
About Clearfield
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.
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