Clearfield (NASDAQ:CLFD) Share Price Breaks Below 200-Day Moving Average – What’s Next?

Clearfield, Inc. (NASDAQ:CLFD) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $33.39 and traded as low as $32.87. Clearfield shares last traded at $33.14, with a volume of 149,764 shares changing hands.

Wall Street Analyst Weigh In

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

Clearfield Price Performance

The company’s 50-day simple moving average is $30.02 and its 200-day simple moving average is $33.41. The stock has a market capitalization of $409.17 million, a P/E ratio of -59.08 and a beta of 2.14.

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

Hedge Funds Weigh In On Clearfield

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AIGH Capital Management LLC bought a new stake in shares of Clearfield in the second quarter valued at $40,127,000. BlackRock Inc. purchased a new stake in Clearfield in the 2nd quarter worth about $38,096,000. ACK Asset Management LLC raised its stake in Clearfield by 10.2% in the 2nd quarter. ACK Asset Management LLC now owns 810,200 shares of the communications equipment provider’s stock valued at $32,238,000 after acquiring an additional 75,000 shares during the period. Dimensional Fund Advisors LP raised its stake in Clearfield by 11.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider’s stock valued at $9,357,000 after acquiring an additional 36,756 shares during the period. Finally, Punch & Associates Investment Management Inc. lifted its holdings in Clearfield by 4.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 289,610 shares of the communications equipment provider’s stock valued at $7,666,000 after purchasing an additional 11,500 shares during the last quarter. Institutional investors and hedge funds own 88.73% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) develops and manufactures fiber-optic connectivity products used to deploy and manage broadband networks. Its portfolio includes fiber cabinets, terminals, enclosures, splice closures, patch panels, drop products and other components designed to support fiber-to-the-home and other fiber access architectures.

The company’s products are marketed under the Clearfield brand and are intended to simplify network construction, installation and maintenance. Clearfield serves broadband service providers, cable and telecommunications operators, utilities, municipalities, government organizations and other network operators, with a primary focus on fiber infrastructure deployments in North America.

Clearfield traces its roots to 1979 and has evolved from a provider of telecommunications equipment into a specialist in passive fiber connectivity solutions.