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

Clearfield, Inc. (NASDAQ:CLFD) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.75.

Several research firms have recently commented on CLFD. Roth Mkm reaffirmed a “buy” rating and issued a $44.00 target price on shares of Clearfield in a research report on Monday, May 4th. Zacks Research downgraded Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th.

Clearfield Trading Up 1.3%

Clearfield stock opened at $42.20 on Friday. Clearfield has a 12 month low of $23.76 and a 12 month high of $46.76. The stock’s 50 day moving average is $31.35 and its 200-day moving average is $30.93. The company has a market capitalization of $573.50 million, a price-to-earnings ratio of -68.06 and a beta of 1.90.

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

Insider Transactions at Clearfield

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the sale, the director owned 8,682 shares of the company’s stock, valued at $399,806.10. This represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 17.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearfield

A number of large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Clearfield by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 312 shares in the last quarter. Deutsche Bank AG grew its position in Clearfield by 5.3% during the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock worth $257,000 after buying an additional 442 shares in the last quarter. Creative Planning grew its position in Clearfield by 4.8% during the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock worth $420,000 after buying an additional 563 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Clearfield by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock worth $310,000 after buying an additional 635 shares in the last quarter. Finally, Drum Hill Capital LLC grew its position in Clearfield by 1.4% during the fourth quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock worth $1,455,000 after buying an additional 713 shares in the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

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.