Shares of Clearfield, Inc. (NASDAQ:CLFD – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $41.75.
CLFD has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Clearfield from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday. Roth Capital restated a “buy” rating and set a $44.00 target price on shares of Clearfield in a research report on Monday, May 4th. Lake Street Capital set a $38.00 target price on shares of Clearfield in a report on Thursday, August 6th. Finally, Needham & Company LLC reduced their price target on shares of Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, August 6th.
View Our Latest Report on CLFD
Clearfield Price Performance
Clearfield (NASDAQ:CLFD – Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $43.86 million during the quarter, compared to the consensus estimate of $43.92 million. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.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 research analysts expect that Clearfield will post 0.23 earnings per share for the current fiscal year.
Insider Transactions at Clearfield
In related news, insider Anis Khemakhem sold 1,684 shares of Clearfield stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the transaction, the insider directly owned 25,126 shares of the company’s stock, valued at approximately $1,002,527.40. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 17.80% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Clearfield by 6.2% in the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after acquiring an additional 15,659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 in the last quarter. Jane Street Group LLC grew its position in shares of Clearfield by 45.5% in the first quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after purchasing an additional 6,294 shares during the last quarter. Strs Ohio purchased a new position in shares of Clearfield during the 1st quarter worth approximately $131,000. Finally, Rhumbline Advisers raised its position in shares of Clearfield by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock worth $873,000 after purchasing an additional 1,216 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.
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.
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