Ronald Roth Purchases 10,000 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) Chairman Ronald Roth bought 10,000 shares of Clearfield stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $30.06 per share, with a total value of $300,600.00. Following the completion of the transaction, the chairman owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. This represents a 0.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Clearfield Stock Up 3.0%

NASDAQ:CLFD opened at $30.01 on Wednesday. The stock has a market cap of $415.34 million, a P/E ratio of -51.74 and a beta of 1.87. The business’s 50-day moving average price is $32.30 and its two-hundred day moving average price is $35.84. Clearfield, Inc. has a twelve month low of $23.78 and a twelve month high of $46.76.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings data on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $17.59 million for the quarter, compared to analysts’ expectations of $49.55 million. Clearfield had a negative net margin of 4.65% and a positive return on equity of 1.07%. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS and its FY 2026 guidance at 0.480-0.620 EPS. On average, equities research analysts expect that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.

Clearfield declared that its Board of Directors has approved a share buyback program on Tuesday, November 25th that authorizes the company to repurchase $85.00 million in outstanding shares. This repurchase authorization authorizes the communications equipment provider to buy up to 22% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CLFD. US Bancorp DE lifted its stake in shares of Clearfield by 705.0% in the 1st quarter. US Bancorp DE now owns 966 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 846 shares during the last quarter. Quarry LP purchased a new position in Clearfield in the 3rd quarter worth approximately $42,000. PNC Financial Services Group Inc. lifted its position in Clearfield by 2,710.6% in the first quarter. PNC Financial Services Group Inc. now owns 1,855 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 1,789 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Clearfield by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 1,012 shares during the period. Finally, Strs Ohio bought a new position in shares of Clearfield in the first quarter worth approximately $131,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. Roth Capital lowered their price target on Clearfield from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Needham & Company LLC cut their price objective on Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Northland Securities upgraded Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Wednesday, November 26th. Finally, UBS Group restated a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $43.50.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.