Brokerages Set Clearfield, Inc. (NASDAQ:CLFD) Price Target at $43.75

Clearfield, Inc. (NASDAQ:CLFD) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, Marketbeat reports. One 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 12-month target price among analysts that have issued a report on the stock in the last year is $43.75.

CLFD has been the topic of a number of recent analyst reports. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Roth Mkm reiterated a “buy” rating and set a $44.00 price target on shares of Clearfield in a report on Monday, May 4th.

Clearfield Trading Down 1.4%

Shares of CLFD opened at $39.53 on Wednesday. Clearfield has a 12 month low of $23.76 and a 12 month high of $52.73. The firm’s 50 day moving average is $37.15 and its 200-day moving average is $32.55. The stock has a market capitalization of $537.21 million, a PE ratio of -63.76 and a beta of 2.08.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Equities research analysts predict that Clearfield will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Clearfield

In other news, insider Anis Khemakhem sold 1,684 shares of the company’s stock in a transaction dated 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 approximately $1,002,527.40. This 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 link. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction dated 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 disclosure for this sale is available in the SEC filing. 17.80% of the stock is owned by insiders.

Institutional Trading of Clearfield

A number of institutional investors and hedge funds have recently modified their holdings of CLFD. Principal Financial Group Inc. bought a new stake in Clearfield during the third quarter worth $799,000. Dana Investment Advisors Inc. lifted its holdings in Clearfield by 16.1% during the third quarter. Dana Investment Advisors Inc. now owns 129,828 shares of the communications equipment provider’s stock worth $4,463,000 after acquiring an additional 17,988 shares during the period. Divisadero Street Capital Management LP lifted its holdings in Clearfield by 95.9% during the third quarter. Divisadero Street Capital Management LP now owns 94,588 shares of the communications equipment provider’s stock worth $3,252,000 after acquiring an additional 46,308 shares during the period. UBS Group AG lifted its holdings in Clearfield by 13.0% during the fourth quarter. UBS Group AG now owns 105,849 shares of the communications equipment provider’s stock worth $3,085,000 after acquiring an additional 12,205 shares during the period. Finally, Skylands Capital LLC bought a new stake in Clearfield during the third quarter worth $615,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

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.