Clearfield, Inc. (NASDAQ:CLFD) Given Average Recommendation of “Moderate Buy” by Brokerages

Clearfield, Inc. (NASDAQ:CLFD) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.75.

Several brokerages have recently issued reports on CLFD. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Capital reissued a “buy” rating and set a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th.

Insider Activity

In other news, insider Anis Khemakhem sold 1,684 shares of the 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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.05, for a total value of $110,105.55. Following the completion of the sale, the director directly owned 8,682 shares in the company, valued at $399,806.10. The trade was a 21.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.80% of the company’s stock.

Institutional Trading of Clearfield

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLFD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 312 shares in the last quarter. Deutsche Bank AG raised its holdings in Clearfield by 5.3% in the 4th quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 442 shares in the last quarter. Creative Planning lifted its position in shares of Clearfield by 4.8% in the 3rd quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock worth $420,000 after purchasing an additional 563 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Clearfield by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock valued at $310,000 after purchasing an additional 635 shares in the last quarter. Finally, Drum Hill Capital LLC boosted its stake in shares of Clearfield by 1.4% during the 4th quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock valued at $1,455,000 after purchasing an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Clearfield Trading Down 5.6%

CLFD opened at $29.51 on Thursday. Clearfield has a 12 month low of $23.76 and a 12 month high of $52.73. The business’s 50-day moving average price is $37.91 and its 200-day moving average price is $33.65. The company has a market cap of $401.04 million, a P/E ratio of -47.60 and a beta of 2.11.

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

Clearfield Company Profile

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.