Clearfield (NASDAQ:CLFD) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Shares of Clearfield, Inc. (NASDAQ:CLFD) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $32.48 and traded as high as $33.53. Clearfield shares last traded at $33.26, with a volume of 116,791 shares changing hands.

Analysts Set New Price Targets

CLFD has been the subject of a number of recent analyst reports. Needham & Company LLC reduced their price objective on Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings raised Clearfield from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research lowered shares of Clearfield from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Finally, Lake Street Capital set a $38.00 price objective on shares of Clearfield in a research report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $41.75.

Clearfield Stock Up 4.1%

The business’s 50-day simple moving average is $30.26 and its 200-day simple moving average is $32.48. The stock has a market cap of $451.67 million, a PE ratio of -65.22 and a beta of 2.14.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%. The business had revenue of $43.86 million during the quarter, compared to analysts’ expectations of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. As a group, equities research analysts anticipate that Clearfield, Inc. will post 0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Clearfield

Several hedge funds have recently made changes to their positions in CLFD. Cetera Trust Company N.A bought a new position in shares of Clearfield in the 2nd quarter worth about $80,000. Legal & General Group Plc bought a new stake in shares of Clearfield in the second quarter worth $89,000. State of Wyoming purchased a new position in shares of Clearfield during the 2nd quarter worth $96,000. Lotus Technology Management LP bought a new position in shares of Clearfield during the 2nd quarter valued at approximately $236,000. Finally, K2 Principal Fund L.P. purchased a new stake in Clearfield in the 2nd quarter worth $291,000. 88.73% of the stock is currently owned by institutional investors.

About Clearfield

Clearfield, Inc (NASDAQ: CLFD) designs, manufactures and sells fiber optic connectivity products used to deploy, manage and protect broadband networks. Its portfolio includes fiber distribution cabinets, panels, terminals, enclosures, splice solutions and other components that support fiber installation from the central office or data center through the outside plant and to end users.

The company markets its products under brands including FieldSmart and WaveSmart. Clearfield’s solutions are designed for communications service providers, community broadband operators, utilities, municipalities, government organizations and other network owners building fiber-to-the-home, fiber-to-the-premises and related broadband infrastructure.

Clearfield was founded in 2008 and is headquartered in Minneapolis, Minnesota.