CLFD

In Q2 Fiscal 2026, Clearfield reported a net loss of $0.04 per share, matching consensus estimates, and net sales of $34.4 million, which topped revenue estimates, representing a 15% decrease in net sales year-over-year. The order backlog increased by 39% sequentially from the first fiscal quarter, reaching $31.6 million as of March 31, 2026. Clearfield reiterated its full-year fiscal 2026 guidance for net sales between $160 million and $170 million and EPS between $0.48 and $0.62. In April 2026, Clearfield's shares fell below its 200-day moving average. Zacks Research downgraded Clearfield from a "strong-buy" to a "hold" rating in February 2026, while Roth Mkm reiterated a "buy" rating in May 2026, and the company currently holds a consensus "Moderate Buy" rating from analysts. Clearfield completed the sale of its Nestor Cables business.