Clearfield (CLFD) Stock Forecast, Price Target & Predictions


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CLFD Stock Forecast


Clearfield stock forecast is as follows: an average price target of $61.60 (represents a 55.40% upside from CLFD’s last price of $39.64) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

CLFD Price Target


The average price target for Clearfield (CLFD) is $61.60 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $114.00 to $40.00. This represents a potential 55.40% upside from CLFD's last price of $39.64.

CLFD Analyst Ratings


Buy

According to 3 Wall Street analysts, Clearfield's rating consensus is 'Buy'. The analyst rating breakdown for CLFD stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Clearfield Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 02, 2024Jaeson SchmidtLake Street$47.00$42.6410.23%18.57%
Aug 02, 2024Jaeson SchmidtLoop Capital Markets$47.00$39.0220.45%18.57%
May 03, 2024Tim SavageauxNorthland Securities$40.00$36.0111.10%0.91%
May 03, 2024Jaeson SchmidtLoop Capital Markets$31.00$36.38-14.78%-21.80%
Jun 16, 2023Ryan KoontzNeedham$60.00$48.4123.93%51.36%
Feb 03, 2023-Northland Securities$105.00$62.1269.03%164.88%
Feb 03, 2023-Cowen & Co.$114.00$63.0880.74%187.59%
Nov 18, 2022-Northland Securities$120.00$119.660.28%202.72%
Nov 18, 2022-Needham$135.00$114.7517.65%240.57%
Sep 06, 2022Tim SavageauxNorthland Securities$110.00$98.9911.13%177.50%
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The latest Clearfield stock forecast, released on Aug 02, 2024 by Jaeson Schmidt from Lake Street, set a price target of $47.00, which represents a 10.23% increase from the stock price at the time of the forecast ($42.64), and a 18.57% increase from CLFD last price ($39.64).

Clearfield Price Target by Period


1M3M12M
# Anlaysts-24
Avg Price Target-$47.00$41.25
Last Closing Price$39.64$39.64$39.64
Upside/Downside-100.00%18.57%4.06%

In the current month, the average price target of Clearfield stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Clearfield's last price of $39.64. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 05, 2024NeedhamBuyBuyHold
Aug 02, 2024Lake StreetHoldBuyUpgrade
May 16, 2024NeedhamBuyBuyHold
May 03, 2024Lake StreetHoldHoldHold
Feb 02, 2024NeedhamBuyBuyHold
Jun 16, 2023NeedhamBuyBuyHold
Feb 03, 2023Cowen & Co.OutperformOutperformHold
Feb 03, 2023NeedhamBuyBuyHold
Jan 04, 2023Cowen & Co.-OutperformInitialise
Nov 18, 2022NeedhamBuyBuyHold
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Clearfield's last stock rating was published by Needham on Aug 05, 2024. The company gave CLFD a "Buy" rating, the same as its previous rate.

Clearfield Financial Forecast


Clearfield Revenue Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
Revenue--------$34.23M$49.69M$61.28M$71.81M$85.94M$95.03M-$53.49M$51.11M$45.24M$38.74M$29.69M$27.09M$27.32M$25.97M$20.41M$19.38M$23.97M$21.89M$19.08M$20.09M$22.47M
Avg Forecast$68.50M$56.95M$51.52M$41.42M$38.20M$41.95M$42.13M$31.25M$29.88M$48.76M$53.82M$69.38M$83.65M$71.42M$54.57M$44.10M$41.27M$38.25M$32.10M$25.80M$24.75M$26.00M$22.10M$21.50M$21.37M$23.73M$22.25M$19.25M$12.56M$18.54M
High Forecast$69.40M$57.70M$52.20M$41.97M$38.70M$42.35M$42.68M$31.66M$29.98M$50.99M$54.53M$70.28M$84.74M$72.36M$54.57M$45.54M$42.61M$39.50M$33.15M$26.64M$25.56M$26.85M$22.82M$22.20M$22.07M$24.51M$22.98M$19.88M$15.07M$22.25M
Low Forecast$67.77M$56.34M$50.97M$40.98M$37.79M$41.55M$41.67M$30.91M$29.78M$48.20M$53.24M$68.63M$82.75M$70.66M$54.57M$42.48M$39.75M$36.85M$30.92M$24.85M$23.84M$25.04M$21.29M$20.71M$20.59M$22.86M$21.43M$18.54M$10.04M$14.83M
# Analysts111113112544331-222333332345713
Surprise %--------1.15%1.02%1.14%1.04%1.03%1.33%-1.21%1.24%1.18%1.21%1.15%1.09%1.05%1.18%0.95%0.91%1.01%0.98%0.99%1.60%1.21%

Clearfield's average Quarter revenue forecast for Mar 24 based on 1 analysts is $31.25M, with a low forecast of $30.91M, and a high forecast of $31.66M. CLFD's average Quarter revenue forecast represents a -8.71% decrease compared to the company's last Quarter revenue of $34.23M (Dec 23).

Clearfield EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts111113112544331-222333332345713
EBITDA--------$-6.47M$3.36M$7.21M$13.52M$19.24M$23.49M-$12.53M$13.69M$9.94M$8.29M$5.02M$4.28M$4.28M$4.20M$1.32M$1.01M$2.74M$2.09M$832.11K$1.70M$3.05M
Avg Forecast$11.07M$9.20M$8.32M$6.69M$6.17M$6.78M$6.81M$10.51M$4.83M$7.88M$8.70M$9.56M$13.51M$9.01M$8.82M$8.69M$8.81M$7.12M$4.47M$2.33M$3.68M$3.73M$3.28M$1.16M$1.48M$1.96M$2.05M$1.35M$807.56K$2.50M
High Forecast$11.21M$9.32M$8.43M$6.78M$6.25M$6.84M$6.90M$12.61M$4.84M$8.24M$8.81M$11.47M$13.69M$10.81M$8.82M$10.42M$10.57M$8.54M$5.36M$2.80M$4.41M$4.48M$3.93M$1.39M$1.77M$2.35M$2.46M$1.62M$969.08K$3.00M
Low Forecast$10.95M$9.10M$8.24M$6.62M$6.11M$6.71M$6.73M$8.41M$4.81M$7.79M$8.60M$7.64M$13.37M$7.20M$8.82M$6.95M$7.05M$5.70M$3.57M$1.86M$2.94M$2.99M$2.62M$925.13K$1.18M$1.57M$1.64M$1.08M$646.05K$2.00M
Surprise %---------1.34%0.43%0.83%1.42%1.42%2.61%-1.44%1.55%1.40%1.86%2.15%1.16%1.15%1.28%1.15%0.68%1.40%1.02%0.62%2.11%1.22%

2 analysts predict CLFD's average Quarter EBITDA for Dec 23 to be $4.83M, with a high of $4.84M and a low of $4.81M. This is 43.72% upper than Clearfield's previous annual EBITDA (Sep 23) of $3.36M.

Clearfield Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts111113112544331-222333332345713
Net Income--------$-5.27M$2.70M$5.22M$10.36M$14.26M$16.99M-$9.24M$10.39M$7.43M$6.10M$3.64M$3.16M$3.05M$2.99M$747.90K$501.16K$1.89M$1.30M$367.94K$1.01M$1.88M
Avg Forecast-$2.14M$569.99K$-1.92M$-3.35M$-2.71M$-4.92M$7.60M$-5.93M$1.40M$1.31M$6.91M$13.70M$6.64M$9.51M$6.28M$6.57M$5.25M$3.24M$1.65M$2.63M$2.57M$2.25M$560.92K$601.39K$1.25M$1.16M$496.72K$444.38K$1.48M
High Forecast-$2.17M$579.71K$-1.90M$-3.30M$-2.56M$-4.85M$9.12M$-5.78M$1.96M$1.33M$8.29M$13.94M$7.97M$9.51M$7.54M$7.88M$6.30M$3.89M$1.98M$3.16M$3.08M$2.70M$673.11K$721.67K$1.50M$1.39M$596.07K$533.26K$1.78M
Low Forecast-$2.11M$562.04K$-1.96M$-3.41M$-2.85M$-5.00M$6.08M$-6.08M$977.53K$1.29M$5.53M$13.51M$5.32M$9.51M$5.02M$5.26M$4.20M$2.59M$1.32M$2.11M$2.05M$1.80M$448.74K$481.11K$996.72K$924.82K$397.38K$355.50K$1.19M
Surprise %--------0.89%1.93%3.98%1.50%1.04%2.56%-1.47%1.58%1.41%1.88%2.21%1.20%1.19%1.33%1.33%0.83%1.52%1.13%0.74%2.27%1.27%

Clearfield's average Quarter net income forecast for Dec 23 is $-5.93M, with a range of $-6.08M to $-5.78M. CLFD's average Quarter net income forecast represents a -319.88% decrease compared to the company's last Quarter net income of $2.70M (Sep 23).

Clearfield SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts111113112544331-222333332345713
SG&A--------$12.86M$10.28M$13.45M$11.51M$12.76M$15.25M-$11.23M$9.92M$10.36M$9.44M$8.49M$7.66M$7.57M$7.21M$7.43M$7.33M$7.13M$6.87M$6.73M$6.78M$6.07M
Avg Forecast$17.21M$14.31M$12.94M$10.41M$9.60M$10.54M$10.58M$9.24M$7.51M$12.25M$13.52M$8.40M$21.01M$9.27M$13.71M$7.64M$6.28M$7.33M$5.01M$3.85M$6.38M$6.37M$5.41M$5.57M$8.79M$4.70M$6.11M$9.08M$2.98M$4.78M
High Forecast$17.43M$14.49M$13.11M$10.54M$9.72M$10.64M$10.72M$11.09M$7.53M$12.81M$13.70M$10.08M$21.29M$11.13M$13.71M$9.17M$7.53M$8.80M$6.01M$4.61M$7.65M$7.64M$6.49M$6.69M$10.55M$5.64M$7.33M$10.90M$3.58M$5.74M
Low Forecast$17.02M$14.15M$12.80M$10.29M$9.49M$10.44M$10.47M$7.39M$7.48M$12.11M$13.37M$6.72M$20.79M$7.42M$13.71M$6.11M$5.02M$5.86M$4.01M$3.08M$5.10M$5.10M$4.32M$4.46M$7.03M$3.76M$4.89M$7.27M$2.39M$3.83M
Surprise %--------1.71%0.84%0.99%1.37%0.61%1.65%-1.47%1.58%1.41%1.88%2.21%1.20%1.19%1.33%1.33%0.83%1.52%1.13%0.74%2.27%1.27%

Clearfield's average Quarter SG&A projection for Mar 24 is $9.24M, based on 1 Wall Street analysts, with a range of $7.39M to $11.09M. The forecast indicates a -28.12% fall compared to CLFD last annual SG&A of $12.86M (Dec 23).

Clearfield EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18
# Analysts111113112544331-222333332345713
EPS--------$-0.35$0.16$0.33$0.67$1.01$1.22-$0.67$0.76$0.54$0.44$0.27$0.23$0.22$0.22$0.05$0.04$0.14$0.10$0.02$0.08$0.14
Avg Forecast-$0.15$0.04$-0.14$-0.23$-0.19$-0.34$-0.52$-0.42$0.10$0.09$0.58$0.96$0.88$0.65$0.52$0.45$0.41$0.31$0.18$0.14$0.19$0.07$0.05$0.06$0.11$0.10$0.05$0.02$0.05
High Forecast-$0.15$0.04$-0.13$-0.23$-0.18$-0.34$-0.52$-0.41$0.14$0.09$0.59$0.98$0.90$0.65$0.54$0.47$0.42$0.32$0.19$0.14$0.20$0.08$0.05$0.06$0.11$0.11$0.05$0.03$0.06
Low Forecast-$0.15$0.04$-0.14$-0.24$-0.20$-0.35$-0.53$-0.43$0.07$0.09$0.57$0.95$0.87$0.65$0.49$0.43$0.39$0.30$0.17$0.13$0.18$0.07$0.05$0.06$0.10$0.10$0.05$0.02$0.04
Surprise %--------0.83%1.63%3.59%1.16%1.05%1.38%-1.30%1.70%1.33%1.42%1.50%1.70%1.16%2.93%1.00%0.67%1.27%0.95%0.40%4.00%2.80%

According to 2 Wall Street analysts, Clearfield's projected average Quarter EPS for Dec 23 is $-0.42, with a low estimate of $-0.43 and a high estimate of $-0.41. This represents a -360.00% decrease compared to CLFD previous annual EPS of $0.16 (Sep 23).

Clearfield Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CASACasa Systems$0.04$9.5023650.00%-
MYNAMynaric$0.71$4.00463.38%Hold
ADTNADTRAN$5.44$15.67188.05%Buy
KVHIKVH Industries$4.69$13.00177.19%Buy
CMTLComtech Telecommunications$3.30$9.00172.73%Hold
CLFDClearfield$39.64$61.6055.40%Buy
DGIIDigi$26.60$39.8049.62%Buy
LITELumentum$55.78$74.6033.74%Buy
EXTRExtreme Networks$14.85$19.3330.17%Buy
HLITHarmonic$13.41$17.0026.77%Buy
INFNInfinera$6.46$6.673.25%Buy
NTGRNETGEAR$21.94$22.000.27%Buy
JNPRJuniper Networks$38.60$35.47-8.11%Buy

CLFD Forecast FAQ


Yes, according to 3 Wall Street analysts, Clearfield (CLFD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of CLFD's total ratings.

Clearfield (CLFD) average price target is $61.6 with a range of $40 to $114, implying a 55.40% from its last price of $39.64. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for CLFD stock, the company can go up by 55.40% (from the last price of $39.64 to the average price target of $61.6), up by 187.59% based on the highest stock price target, and up by 0.91% based on the lowest stock price target.

CLFD's average twelve months analyst stock price target of $61.6 supports the claim that Clearfield can reach $60 in the near future.

Clearfield's analysts financial forecasts for the fiscal year (Sep 2024) are as follows: average revenue is $145.2M (high $146.67M, low $143.92M), average EBITDA is $28.92M (high $31.19M, low $26.67M), average net income is $-5.952M (high $-4.073M, low $-7.846M), average SG&A $37.87M (high $39.98M, low $35.78M), and average EPS is $-1.473 (high $-1.441, low $-1.509). CLFD's analysts financial forecasts for the fiscal year (Sep 2025) are as follows: average revenue is $188.1M (high $190.57M, low $186.08M), average EBITDA is $30.39M (high $30.79M, low $30.06M), average net income is $-2.565M (high $-2.445M, low $-2.693M), average SG&A $47.25M (high $47.87M, low $46.74M), and average EPS is $-0.18 (high $-0.172, low $-0.189).

Based on Clearfield's last annual report (Sep 2023), the company's revenue was $268.72M, beating the average analysts forecast of $255.6M by 5.13%. Apple's EBITDA was $43.34M, beating the average prediction of $39.64M by 9.33%. The company's net income was $32.53M, beating the average estimation of $23.32M by 39.51%. Apple's SG&A was $47.99M, missing the average forecast of $55.18M by -13.03%. Lastly, the company's EPS was $2.17, beating the average prediction of $1.73 by 25.49%. In terms of the last quarterly report (Dec 2023), Clearfield's revenue was $34.23M, beating the average analysts' forecast of $29.88M by 14.56%. The company's EBITDA was $-6.467M, missing the average prediction of $4.83M by -233.96%. Clearfield's net income was $-5.268M, missing the average estimation of $-5.928M by -11.13%. The company's SG&A was $12.86M, beating the average forecast of $7.51M by 71.32%. Lastly, the company's EPS was $-0.346, missing the average prediction of $-0.416 by -16.75%