Clearfield, Inc. (NASDAQ:CLFD) Given Consensus Rating of “Moderate Buy” by Analysts

Clearfield, Inc. (NASDAQ:CLFD) has received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.75.

CLFD has been the subject of a number of research reports. Needham & Company LLC lowered 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. Weiss Ratings upgraded shares of Clearfield from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, August 21st. Finally, Lake Street Capital set a $38.00 price target on shares of Clearfield in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Clearfield

Several large investors have recently bought and sold shares of the business. AIGH Capital Management LLC bought a new position in shares of Clearfield during the second quarter worth about $40,127,000. BlackRock Inc. acquired a new stake in shares of Clearfield in the 2nd quarter valued at approximately $38,096,000. Punch & Associates Investment Management Inc. acquired a new stake in Clearfield in the 2nd quarter valued at about $11,046,000. Bank of America Corp DE acquired a new stake in Clearfield during the 2nd quarter valued at $3,154,000. Finally, ACK Asset Management LLC boosted its holdings in shares of Clearfield by 10.2% during the second quarter. ACK Asset Management LLC now owns 810,200 shares of the communications equipment provider’s stock worth $32,238,000 after acquiring an additional 75,000 shares during the period. 88.73% of the stock is currently owned by institutional investors and hedge funds.

Clearfield Price Performance

Shares of CLFD stock opened at $30.64 on Friday. Clearfield has a one year low of $23.76 and a one year high of $52.73. The stock has a fifty day moving average price of $29.85 and a 200 day moving average price of $33.10. The stock has a market cap of $416.09 million, a P/E ratio of -60.08 and a beta of 2.11.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.The company had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. 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 anticipate that Clearfield will post 0.23 EPS for the current year.

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.