Clearfield price target lowered to $43 from $50 at Roth Capital

Roth Capital lowered the firm’s price target on Clearfield (CLFD) to $43 from $50 and keeps a Buy rating on the shares. Q4 results and the outlook were below expectations, further complicated by the recent divestiture of Clearfield’s European operations, the analyst tells investors in a post-earnings note. The firm lowers its near-term outlook, initiated FY27 estimates that include 20%-plus growth, and expects shares to be supported by the expanded buyback, the analyst added.