Clearfield (NASDAQ:CLFD) Issues Q2 2026 Earnings Guidance

Clearfield (NASDAQ:CLFD) updated its second quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of -0.100–0.020 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of $32.0 million-$35.0 million, compared to the consensus revenue estimate of $35.7 million. Clearfield also updated its FY 2026 guidance to 0.480-0.620 EPS.

Wall Street Analyst Weigh In

CLFD has been the topic of several research analyst reports. Wall Street Zen lowered Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Roth Mkm reduced their price target 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, January 21st. Lake Street Capital dropped their price objective on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Clearfield from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $43.50.

Clearfield Stock Performance

Shares of NASDAQ CLFD opened at $30.47 on Thursday. The firm has a 50 day moving average price of $30.03 and a two-hundred day moving average price of $33.16. The stock has a market cap of $422.01 million, a P/E ratio of -52.53 and a beta of 1.94. Clearfield has a 52-week low of $23.78 and a 52-week high of $46.76.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $34.34 million during the quarter, compared to the consensus estimate of $31.77 million. Clearfield had a positive return on equity of 1.07% and a negative net margin of 4.65%.Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Analysts predict that Clearfield will post -0.29 earnings per share for the current fiscal year.

Clearfield declared that its board has initiated a stock repurchase program on Tuesday, November 25th that permits the company to buyback $85.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 22% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, Chairman Ronald G. Roth acquired 10,000 shares of Clearfield stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of $30.06 per share, with a total value of $300,600.00. Following the purchase, the chairman owned 1,279,264 shares in the company, valued at $38,454,675.84. This trade represents a 0.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 17.80% of the company’s stock.

Key Stories Impacting Clearfield

Here are the key news stories impacting Clearfield this week:

• Positive Sentiment: Q1 revenue topped estimates — Clearfield reported quarterly sales of $34.34 million versus consensus ~$31.8 million, signaling stronger demand for its fiber connectivity products and providing near-term top-line momentum. GlobeNewswire: Q1 Results
• Positive Sentiment: EPS improved year-over-year and beat some estimates — the company reported an adjusted loss that narrowed substantially from a year-ago loss (last year’s Q1 loss was larger), and some outlets noted EPS came in better than expected, which supports the thesis of improving profitability. Zacks: Q1 Results
• Neutral Sentiment: Management commentary and earnings call materials published — transcripts and call highlights are available (management reiterated execution priorities and growth drivers). These provide color but contain few surprises beyond the numbers. Yahoo: Q1 Call Highlights
• Neutral Sentiment: Third-party coverage and snapshots published — multiple outlets ran earnings snapshots and transcripts; useful for investor diligence but largely restate the release. AOL: Earnings Transcript
• Neutral Sentiment: Short-interest report appears unreliable/unremarkable — public short-interest entries in this window show no meaningful change and do not explain price moves. (Data flagged as 0 shares.)
• Negative Sentiment: Q2 guidance disappointed vs. Street expectations — Clearfield issued Q2 FY2026 EPS guidance of -0.100 to -0.020 and revenue guidance of $32.0M–$35.0M, which is below consensus revenue (~$35.7M) and implies a weaker quarter. That guidance is the main near-term negative catalyst. Press Release / Guidance
• Negative Sentiment: FY2026 guidance is mixed and slightly below some consensus metrics — the company set FY EPS at $0.480–$0.620 (street ~$0.60) and revenue $160M–$170M (street ~$164.5M). The EPS range skews slightly below the midpoint of analyst estimates, which may limit upside near term. Press Release / Guidance

Institutional Investors Weigh In On Clearfield

Several institutional investors and hedge funds have recently made changes to their positions in CLFD. Quarry LP acquired a new stake in Clearfield during the third quarter worth approximately $42,000. Tower Research Capital LLC TRC boosted its holdings in shares of 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 buying an additional 1,012 shares in the last quarter. Strs Ohio acquired a new stake in shares of Clearfield during the 1st quarter worth approximately $131,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Clearfield by 4.5% in the 1st 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. Finally, Captrust Financial Advisors bought a new stake in shares of Clearfield in the 2nd quarter valued at $220,000. Institutional investors own 88.73% of the company’s stock.

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.