Clearfield, Inc. (NASDAQ:CLFD – Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.25 and traded as low as $25.76. Clearfield shares last traded at $26.00, with a volume of 128,724 shares changing hands.
Analyst Upgrades and Downgrades
CLFD has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, January 21st. Zacks Research downgraded shares of Clearfield from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Clearfield presently has a consensus rating of “Moderate Buy” and an average target price of $43.50.
Read Our Latest Report on Clearfield
Clearfield Trading Down 3.0%
Clearfield (NASDAQ:CLFD – Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $34.34 million for the quarter, compared to the consensus estimate of $31.77 million. Clearfield had a positive return on equity of 1.72% and a negative net margin of 3.93%.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, analysts anticipate that Clearfield, Inc. will post -0.29 earnings per share for the current year.
Insider Transactions at Clearfield
In other news, Director Donald R. Hayward sold 3,595 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $32.00, for a total value of $115,040.00. Following the transaction, the director owned 10,870 shares in the company, valued at $347,840. This represents a 24.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 17.80% of the company’s stock.
Hedge Funds Weigh In On Clearfield
A number of large investors have recently made changes to their positions in CLFD. Quarry LP acquired a new position in shares of Clearfield in the 3rd quarter valued at about $42,000. Los Angeles Capital Management LLC acquired a new position in shares of Clearfield in the 4th quarter valued at about $63,000. Tower Research Capital LLC TRC increased its holdings in shares of Clearfield by 116.3% in the 2nd 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. Strs Ohio acquired a new position in shares of Clearfield in the 1st quarter valued at about $131,000. Finally, Quantbot Technologies LP acquired a new position in shares of Clearfield in the 3rd quarter valued at about $202,000. 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 FieldSmartâ„¢ 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.
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