Clearfield (NASDAQ:CLFD) Director Sells $115,040.00 in Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Donald Hayward sold 3,595 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total value of $115,040.00. Following the completion of the transaction, the director directly owned 10,870 shares in the company, valued at approximately $347,840. The trade was a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clearfield Stock Performance

NASDAQ:CLFD opened at $32.52 on Monday. The firm’s fifty day moving average is $30.64 and its two-hundred day moving average is $32.07. The firm has a market cap of $445.20 million, a price-to-earnings ratio of -66.37 and a beta of 1.94. Clearfield, Inc. has a one year low of $23.78 and a one year high of $46.76.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $34.34 million for the quarter, compared to analysts’ expectations of $31.77 million. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. As a group, equities research 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 authorized a stock buyback program on Tuesday, November 25th that authorizes the company to buyback $85.00 million in 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 an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CLFD shares. Northland Securities raised shares of Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Wednesday, November 26th. Zacks Research lowered Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. UBS Group reaffirmed a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. Needham & Company LLC reduced their price objective on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Clearfield by 0.4% in the third quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock valued at $32,317,000 after buying an additional 4,139 shares in the last quarter. Cooper Creek Partners Management LLC lifted its stake in shares of Clearfield by 1,705.7% during the 3rd 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. Dimensional Fund Advisors LP boosted its position in shares of Clearfield by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 345,833 shares of the communications equipment provider’s stock worth $11,889,000 after acquiring an additional 8,288 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Clearfield by 5.9% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 278,110 shares of the communications equipment provider’s stock valued at $8,107,000 after buying an additional 15,500 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Clearfield by 6.2% in the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after purchasing an additional 15,659 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.

About Clearfield

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.