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

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

CLFD has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Roth Mkm reissued a “buy” rating and issued a $44.00 price target on shares of Clearfield in a report on Monday, May 4th.

Clearfield Stock Performance

NASDAQ CLFD opened at $39.43 on Wednesday. Clearfield has a twelve month low of $23.76 and a twelve month high of $52.73. The stock has a market capitalization of $535.85 million, a PE ratio of -63.60 and a beta of 2.08. The stock has a 50-day simple moving average of $36.62 and a 200 day simple moving average of $32.39.

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

Insider Transactions at Clearfield

In related 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 value of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares in the company, valued at approximately $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of Clearfield 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 sale, the director directly owned 8,682 shares in the company, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Clearfield

A number of institutional investors and hedge funds have recently modified their holdings of CLFD. Royal Bank of Canada lifted its position in Clearfield by 6.2% in the first quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after purchasing an additional 15,659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 buying an additional 312 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Clearfield by 45.5% in the 1st quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after buying an additional 6,294 shares in the last quarter. Strs Ohio bought a new position in shares of Clearfield during the 1st quarter worth about $131,000. Finally, Rhumbline Advisers boosted its position in shares of Clearfield by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock valued at $873,000 after acquiring an additional 1,216 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors.

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.