Analyst Ryan Koontz from Needham maintained a Buy rating on Clearfield (CLFD – Research Report) and keeping the price target at $50.00.
Ryan Koontz has given his Buy rating due to a combination of factors that highlight Clearfield’s promising future. The company’s management expressed optimism about a “U-shaped” recovery in fiber build-outs, which is expected to begin this spring. This recovery, coupled with normalized inventory levels and increased clarity in their Community Broadband segment, sets a strong foundation for growth through fiscal year 2026.
Furthermore, Clearfield is well-positioned to benefit from both private investments and government programs, such as BEAD and E-ACAM subsidies, which are projected to peak in fiscal year 2029. The company’s flexible manufacturing capabilities and robust financial health enable it to adapt to new trade policies effectively. Additionally, the reduction in regulations for government programs and favorable inventory trends are expected to help Clearfield take full advantage of the upcoming C25 build season.
Koontz covers the Technology sector, focusing on stocks such as Clearfield, Gilat, and Kaltura. According to TipRanks, Koontz has an average return of -3.4% and a 41.32% success rate on recommended stocks.