Clearfield (CLFD)

• Market cap: $430M
• 1 day: -1.25%
• 5 days: -7.69%
• 1 month: 3.19%
• 3 months: -24.33%
• 6 months: -19.32%
• Year to date: 1.07%
• 1 year: 8.04%
• 5 years: 112.79%
• 10 years: 133.05%
• Sector: Communication Services
• Industry: Telephone & Telegraph Apparatus

About: Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a various products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has international presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.

Employees: 400

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

271% more call options, than puts

Call options by funds: $3.69M | Put options by funds: $993K

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

2% more funds holding

Funds holding: 131 [Q2] → 134 (+3) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

3% less capital invested

Capital invested by funds: $361M [Q2] → $349M (-$11.1M) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 42

2.64% less ownership

Funds ownership: 65.7% [Q2] → 63.05% (-2.64%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $50 66% upside
• Avg. target: $50 66% upside
• High target: $50 66% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Needham Ryan Koontz 71% 1-year accuracy 64 / 90 met price target

66% upside $50

Buy Reiterated

8 Nov 2024