Clearfield (NASDAQ:CLFD) Director Sells $110,105.55 in Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Walter Louis Jones, Jr. sold 2,391 shares of Clearfield stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the sale, the director directly owned 8,682 shares in the company, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Clearfield Stock Up 4.8%

Shares of CLFD opened at $44.57 on Friday. Clearfield, Inc. has a 52-week low of $23.76 and a 52-week high of $46.76. The firm’s fifty day moving average is $30.38 and its two-hundred day moving average is $30.75. The stock has a market cap of $605.71 million, a PE ratio of -71.89 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $34.39 million for the quarter, compared to analyst estimates of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, research analysts anticipate that Clearfield, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLFD. Roth Mkm reissued a “buy” rating and set a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Zacks Research cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

Institutional Trading of Clearfield

Institutional investors and hedge funds have recently bought and sold shares of the stock. AMH Equity Ltd purchased a new stake in Clearfield in the 3rd quarter valued at about $639,000. Principal Financial Group Inc. purchased a new stake in Clearfield in the 3rd quarter valued at about $799,000. Dana Investment Advisors Inc. raised its holdings in Clearfield by 16.1% in the 3rd quarter. Dana Investment Advisors Inc. now owns 129,828 shares of the communications equipment provider’s stock valued at $4,463,000 after buying an additional 17,988 shares during the period. Divisadero Street Capital Management LP raised its holdings in Clearfield by 95.9% in the 3rd quarter. Divisadero Street Capital Management LP now owns 94,588 shares of the communications equipment provider’s stock valued at $3,252,000 after buying an additional 46,308 shares during the period. Finally, Skylands Capital LLC purchased a new stake in Clearfield in the 3rd quarter valued at about $615,000. 88.73% of the stock is currently owned by hedge funds and other 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.