Clearfield (NASDAQ:CLFD – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday, Zacks reports.
A number of other brokerages also recently commented on CLFD. Weiss Ratings upgraded Clearfield from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Lake Street Capital set a $38.00 target price on Clearfield in a report on Thursday, August 6th. Finally, Needham & Company LLC cut their target price on Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.75.
Read Our Latest Stock Report on CLFD
Clearfield Trading Up 4.1%
Clearfield (NASDAQ:CLFD – Get Free Report) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. As a group, equities analysts forecast that Clearfield will post 0.23 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Cetera Trust Company N.A purchased a new stake in Clearfield in the second quarter valued at $80,000. Legal & General Group Plc acquired a new position in shares of Clearfield in the 2nd quarter valued at $89,000. State of Wyoming purchased a new position in shares of Clearfield during the 2nd quarter worth $96,000. Lotus Technology Management LP purchased a new position in shares of Clearfield during the 2nd quarter worth $236,000. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Clearfield during the 2nd quarter worth about $291,000. 88.73% of the stock is currently owned by hedge funds and other institutional investors.
About Clearfield
Clearfield, Inc (NASDAQ: CLFD) develops and manufactures fiber optic connectivity solutions used to build, expand, and maintain broadband networks. Its products are designed to simplify fiber deployment and support high-speed communications infrastructure for telecommunications and broadband service providers.
The company’s portfolio includes fiber distribution hubs, cabinets, terminals, enclosures, panels, optical fiber assemblies, and related connectivity components. Clearfield also offers its FieldShield line of ruggedized, craft-friendly fiber products, which are intended to help network operators deploy fiber efficiently in locations such as homes, businesses, and other subscriber premises.
Clearfield serves a range of customers, including wireline telecommunications carriers, cable and broadband operators, municipalities, utilities, government entities, and other organizations involved in fiber network construction.
Further Reading
- Five stocks we like better than Clearfield
- AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
- Time to Nibble on MCD Stock After it Enters Oversold Territory?
- McCormick Stock Trades Cheap, Offers Dividend Growth and Unilever Deal Upside
- Corning and AT&T’s $3 Billion Fiber Deal Reveals Where AI Spending Goes Next
Receive News & Ratings for Clearfield Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearfield and related companies with MarketBeat.com's FREE daily email newsletter.
