Needham Remains a Buy on Clearfield (CLFD)

Needham analyst Ryan Koontz maintained a Buy rating on Clearfield (CLFDResearch Report) today and set a price target of $135.00. The company’s shares closed yesterday at $93.07.

Koontz covers the Technology sector, focusing on stocks such as Calix, Clearfield, and Adtran. According to TipRanks, Koontz has an average return of 2.6% and a 46.82% success rate on recommended stocks.

Clearfield has an analyst consensus of Strong Buy, with a price target consensus of $125.67, which is a 35.03% upside from current levels. In a report released today, Northland Securities also maintained a Buy rating on the stock with a $120.00 price target.

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CLFD market cap is currently $1.28B and has a P/E ratio of 32.49.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLFD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. The firm’s products include fiber cabinets, patch cards, assemblies, cassettes, frames, panels, microduct, terminals, vaults, wall boxes, and box enclosures. It offers its products under the Clearview brand. The company was founded in 1979 and is headquartered in Brooklyn Park, MN.

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