Clearfield (NASDAQ:CLFD) Issues Q2 2026 Earnings Guidance

Clearfield (NASDAQ:CLFD) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of -0.100–0.020 for the period, compared to the consensus 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.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research raised shares of Clearfield from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Wall Street Zen cut shares of Clearfield from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Northland Securities raised 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. Lake Street Capital decreased their price target on Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Roth Mkm lowered their price objective on Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, five have issued 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 Price Performance

Shares of NASDAQ CLFD traded up $0.34 during trading on Wednesday, hitting $30.47. 214,498 shares of the company were exchanged, compared to its average volume of 137,943. Clearfield has a 1 year low of $23.78 and a 1 year high of $46.76. The company has a market cap of $422.01 million, a price-to-earnings ratio of -52.53 and a beta of 1.94. The firm’s fifty day moving average price is $30.03 and its 200 day moving average price is $33.16.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $34.34 million for the quarter, compared to analyst estimates 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. On average, research analysts forecast that Clearfield will post -0.29 earnings per share for the current year.

Clearfield declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 25th that permits the company to repurchase $85.00 million in shares. This repurchase authorization permits the communications equipment provider to buy up to 22% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Clearfield news, Chairman Ronald G. Roth bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of $30.06 per share, for a total transaction of $300,600.00. Following the completion of the purchase, the chairman owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. This trade represents a 0.79% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.80% of the company’s stock.

Key Clearfield News

Here are the key news stories impacting Clearfield this week:

• Positive Sentiment: Q1 results: Clearfield reported fiscal Q1 revenue of $34.34M, topping analyst estimates, and narrowed its loss year-over-year — a headline that supports near-term upside. Article Title
• Neutral Sentiment: Company disclosures and investor materials: Clearfield posted the formal press release and shareholder letter and held the earnings call (transcript available), giving investors detail on results and execution. These items provide context but are informational rather than catalytic by themselves. Article Title
• Neutral Sentiment: Earnings transcript available for investor review — useful for cadence/details on bookings, backlog and margin drivers but not a new data point beyond the release. Article Title
• Negative Sentiment: Mixed forward guidance: management issued Q2 FY2026 EPS guidance of -0.10 to -0.02 and revenue guidance of $32M–$35M, both below consensus — a clear near-term headwind that could pressure the stock if investors focus on the weaker quarterly outlook. Article Title
• Negative Sentiment: FY2026 guidance: management set full-year EPS of $0.48–$0.62 and revenue $160M–$170M; the EPS midpoint is slightly below street estimates, which could temper enthusiasm despite the company’s revenue range being near consensus. Article Title
• Neutral Sentiment: Short interest data in recent reports appears to be unreliable/zero and should not be relied on for positioning — no actionable signal from the published short-interest snapshot. (Source: aggregated exchange data)

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Cooper Creek Partners Management LLC lifted its position in Clearfield by 1,705.7% during the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after buying an additional 453,173 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Clearfield by 445.2% during the 3rd quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock valued at $6,176,000 after acquiring an additional 146,690 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Clearfield by 286.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock worth $5,364,000 after purchasing an additional 115,626 shares during the period. Punch & Associates Investment Management Inc. boosted its position in Clearfield by 48.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock worth $9,029,000 after purchasing an additional 85,610 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in Clearfield in the 2nd quarter valued at $2,307,000. Hedge funds and other institutional investors 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.