Clearfield (NASDAQ:CLFD) Chairman Acquires 10,000 Shares

Clearfield, Inc. (NASDAQ:CLFD) Chairman Ronald Roth purchased 10,000 shares of the stock in a transaction on Monday, December 15th. The stock was bought at an average price of $30.06 per share, for a total transaction of $300,600.00. Following the completion of the transaction, the chairman directly owned 1,279,264 shares of the company’s stock, valued at approximately $38,454,675.84. This trade represents a 0.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Clearfield Stock Down 1.7%

Clearfield stock traded down $0.50 during mid-day trading on Monday, hitting $29.14. 103,165 shares of the company’s stock were exchanged, compared to its average volume of 131,648. The firm has a market capitalization of $403.27 million, a P/E ratio of -50.24 and a beta of 1.87. Clearfield, Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $46.76. The company’s 50 day simple moving average is $32.40 and its 200-day simple moving average is $35.89.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $17.59 million for the quarter, compared to the consensus estimate of $49.55 million. Clearfield had a positive return on equity of 1.07% and a negative net margin of 4.65%.Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS and its FY 2026 guidance at 0.480-0.620 EPS. Research analysts expect that Clearfield, Inc. will post -0.29 EPS for the current year.

Clearfield declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 25th that permits the company to repurchase $85.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to purchase up to 22% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Lake Street Capital reduced their price target on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Wall Street Zen downgraded shares of Clearfield from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Needham & Company LLC dropped their price objective on shares of Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, October 8th. Finally, Roth Capital cut their price target on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Clearfield has a consensus rating of “Buy” and an average target price of $43.50.

Hedge Funds Weigh In On Clearfield

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL boosted its stake in Clearfield by 6.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 61,428 shares of the communications equipment provider’s stock valued at $2,112,000 after purchasing an additional 3,489 shares during the last quarter. Penn Capital Management Company LLC raised its holdings in shares of Clearfield by 67.6% in the third quarter. Penn Capital Management Company LLC now owns 11,335 shares of the communications equipment provider’s stock worth $390,000 after buying an additional 4,570 shares during the period. PharVision Advisers LLC purchased a new stake in shares of Clearfield in the 3rd quarter worth $244,000. Quarry LP purchased a new stake in shares of Clearfield during the third quarter valued at about $42,000. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Clearfield by 48.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock valued at $9,029,000 after purchasing an additional 85,610 shares during the period. 88.73% of the stock is owned by institutional investors.

Clearfield Company Profile

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.