Brokerages Set Clearfield, Inc. (NASDAQ:CLFD) Target Price at $43.50

Clearfield, Inc. (NASDAQ:CLFD) has been given an average rating of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $43.50.

A number of equities analysts have issued reports on CLFD shares. Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Clearfield from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Roth Mkm reduced their price objective on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, November 25th. Lake Street Capital decreased their price target on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Northland Securities upgraded Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Wednesday, November 26th.

Clearfield Stock Performance

Shares of CLFD stock opened at $30.01 on Monday. The firm’s 50 day moving average price is $31.10 and its two-hundred day moving average price is $32.01. Clearfield has a 52-week low of $23.78 and a 52-week high of $46.76. The stock has a market cap of $410.84 million, a PE ratio of -61.24 and a beta of 1.93.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $31.77 million. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. As a group, sell-side analysts predict that Clearfield will post -0.29 earnings per share for the current fiscal year.

Clearfield announced that its Board of Directors has approved a stock repurchase program on Tuesday, November 25th that authorizes the company to buyback $85.00 million in outstanding shares. This buyback authorization authorizes the communications equipment provider to repurchase up to 22% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Clearfield

In related news, Chairman Ronald G. Roth acquired 10,000 shares of the stock in a transaction dated Monday, December 15th. The stock was bought at an average price of $30.06 per share, with a total value of $300,600.00. Following the completion of the transaction, the chairman directly owned 1,279,264 shares of the company’s stock, valued at approximately $38,454,675.84. The trade was a 0.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald R. Hayward sold 3,595 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $32.00, for a total transaction of $115,040.00. Following the sale, the director owned 10,870 shares in the company, valued at approximately $347,840. The trade was a 24.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CLFD. Quarry LP bought a new position in shares of Clearfield during the third quarter worth about $42,000. Tower Research Capital LLC TRC boosted its position in Clearfield by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 1,012 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Clearfield during the 4th quarter worth approximately $63,000. Strs Ohio acquired a new stake in shares of Clearfield in the first quarter valued at approximately $131,000. Finally, Captrust Financial Advisors bought a new stake in shares of Clearfield in the second quarter worth $220,000. 88.73% of the stock is owned by institutional investors and hedge funds.

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.