Clearfield (CLFD)

• Market cap: $453M
• 1 day: -2.39%
• 5 days: -4.36%
• 1 month: -19.15%
• 3 months: 5.92%
• 6 months: -15.27%
• Year to date: -0.53%
• 1 year: 8.12%
• 5 years: 167.34%
• 10 years: 136.73%
• 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 range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global 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 Q4 regulatory filings by fund managers ($100M+ AUM)

796% more call options, than puts

Call options by funds: $1.26M | Put options by funds: $140K

29% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 24

3% more funds holding

Funds holding: 134 [Q3] → 138 (+4) [Q4]

3.72% less ownership

Funds ownership: 63.34% [Q3] → 59.62% (-3.72%) [Q4]

21% less repeat investments, than reductions

Existing positions increased: 34 | Existing positions reduced: 43

25% less capital invested

Capital invested by funds: $351M [Q3] → $265M (-$86.5M) [Q4]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

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

• Low target: $50 57% upside
• Avg. target: $50 57% upside
• High target: $50 57% upside

1 analyst rating

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

Needham Ryan Koontz 64% 1-year accuracy 69 / 107 met price target

57% upside $50

Buy Reiterated

7 Feb 2025