Clearfield (NASDAQ:CLFD) Stock Dropped to “Strong Sell” by Zacks Research

Zacks Research lowered shares of Clearfield (NASDAQ:CLFD) from a hold rating to a strong sell rating in a report published on Thursday,Zacks reports.

CLFD has been the topic of several other reports. Lake Street Capital set a $38.00 price objective on shares of Clearfield in a research report on Thursday, August 6th. Needham & Company LLC dropped their target price on shares of Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Clearfield from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $41.75.

Clearfield Stock Up 4.1%

CLFD stock opened at $33.48 on Thursday. The business’s 50-day moving average price is $29.77 and its 200-day moving average price is $33.16. The stock has a market cap of $454.66 million, a P/E ratio of -65.65 and a beta of 2.14. Clearfield has a twelve month low of $23.76 and a twelve month high of $52.73.

Clearfield (NASDAQ:CLFD) last released its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. Clearfield had a negative net margin of 4.71% and a positive return on equity of 1.61%. The company had revenue of $43.86 million during 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. On average, equities research analysts expect that Clearfield will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clearfield

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in Clearfield by 14.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,270 shares of the communications equipment provider’s stock valued at $568,000 after acquiring an additional 1,837 shares during the last quarter. AXQ Capital LP purchased a new position in shares of Clearfield during the second quarter valued at about $355,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Clearfield during the second quarter valued at about $11,046,000. Bank of America Corp DE bought a new stake in shares of Clearfield in the second quarter worth about $3,154,000. Finally, Lotus Technology Management LP bought a new stake in shares of Clearfield in the second quarter worth about $236,000. Institutional investors own 88.73% of the company’s stock.

Clearfield Company Profile

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.