Clearfield (NASDAQ:CLFD) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Clearfield, Inc. (NASDAQ:CLFD) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.91 and traded as low as $29.51. Clearfield shares last traded at $31.15, with a volume of 128,503 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Roth Capital cut their price target on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Northland Securities raised Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Wednesday, November 26th. Wall Street Zen lowered Clearfield from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $43.50.

Clearfield Stock Performance

The company has a market capitalization of $431.12 million, a price-to-earnings ratio of -53.71 and a beta of 1.88. The company has a 50 day moving average price of $30.53 and a 200 day moving average price of $34.91.

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

Clearfield announced that its board has initiated a stock repurchase plan on Tuesday, November 25th that allows the company to repurchase $85.00 million in shares. This repurchase authorization allows the communications equipment provider to reacquire up to 22% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Clearfield news, Chairman Ronald G. Roth acquired 10,000 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $30.06 per share, for a total transaction of $300,600.00. Following the completion of the acquisition, the chairman owned 1,279,264 shares in the company, valued at approximately $38,454,675.84. This represents a 0.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Clearfield

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cooper Creek Partners Management LLC lifted its position in Clearfield by 1,705.7% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after acquiring an additional 453,173 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in shares of Clearfield in the second quarter valued at approximately $10,022,000. Select Equity Group L.P. boosted its position in shares of Clearfield by 770.2% during the first quarter. Select Equity Group L.P. now owns 176,304 shares of the communications equipment provider’s stock valued at $5,240,000 after buying an additional 156,044 shares during the last quarter. Ancora Advisors LLC grew its holdings in Clearfield by 445.2% during the third 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 in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Clearfield by 286.3% during the third quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock worth $5,364,000 after buying an additional 115,626 shares in the last quarter. 88.73% of the stock is owned by institutional investors.

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.