Clearfield (NASDAQ:CLFD) Shares Pass Below 200-Day Moving Average – What’s Next?

Clearfield, Inc. (NASDAQ:CLFD) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $35.46 and traded as low as $29.29. Clearfield shares last traded at $29.45, with a volume of 50,936 shares traded.

Analyst Ratings Changes

Several equities research analysts recently commented on CLFD shares. Wall Street Zen downgraded Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. Northland Capmk raised shares of Clearfield from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 26th. Northland Securities raised shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Wednesday, November 26th. Finally, Lake Street Capital dropped their price target on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $43.50.

Clearfield Price Performance

The business’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $35.46. The firm has a market cap of $407.59 million, a price-to-earnings ratio of -50.78 and a beta of 1.87.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. The firm 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. Equities analysts predict that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, Chairman Ronald G. Roth acquired 10,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of $30.06 per share, with a total value of $300,600.00. Following the completion of the acquisition, the chairman directly owned 1,279,264 shares in the company, valued at $38,454,675.84. This represents a 0.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 17.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CLFD. Cooper Creek Partners Management LLC boosted its holdings in Clearfield by 1,705.7% in the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock worth $16,493,000 after purchasing an additional 453,173 shares during the period. G2 Investment Partners Management LLC acquired a new stake in shares of Clearfield during the second quarter worth $10,022,000. Select Equity Group L.P. lifted its position in shares of Clearfield by 770.2% in the 1st quarter. Select Equity Group L.P. now owns 176,304 shares of the communications equipment provider’s stock worth $5,240,000 after buying an additional 156,044 shares during the last quarter. Ancora Advisors LLC lifted its position in shares of Clearfield by 445.2% in the 3rd quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock worth $6,176,000 after buying an additional 146,690 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Clearfield by 286.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after buying an additional 115,626 shares during the period. Institutional investors and hedge funds own 88.73% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) is a Minneapolis-based company specializing in fiber management products for broadband network deployments. The company’s core offerings include fiber distribution hubs, enclosures, splice trays, patching panels and connectivity accessories designed to simplify installation and maintenance of fiber-optic networks. Clearfield’s modular FieldSmart™ platform provides a scalable approach for service providers, utilities and enterprise organizations looking to expand or upgrade their fiber infrastructure.

Clearfield serves a diverse customer base that includes cable and internet service providers, telecommunications operators, wireless carriers, utilities and municipalities.