Analyst Ryan Koontz from Needham maintained a Buy rating on Clearfield and keeping the price target at $45.00.
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Ryan Koontz has given his Buy rating due to a combination of factors including the optimistic outlook shared by Clearfield’s management during recent investor meetings. Despite some short-term challenges, the company anticipates a positive impact from upcoming BEAD projects and expects a return to double-digit growth by the second half of 2026.
Additionally, Clearfield has shown strong performance in its MSO and Large Regional segments, which has offset underperformance in its Community Broadband segment. The company’s guidance for revenue growth in fiscal 2026 is around 10%, which accounts for potential challenges such as customer consolidation and supply chain issues. With the stock trading near multi-year lows and the potential for improved gross margins, Koontz views the stock constructively.
According to TipRanks, Koontz is a 4-star analyst with an average return of 8.4% and a 44.70% success rate. Koontz covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Extreme Networks, and Kaltura.
In another report released on November 26, Lake Street also maintained a Buy rating on the stock with a $41.00 price target.