Clearfield (NASDAQ:CLFD) Shares Gap Up – Here’s What Happened

Clearfield, Inc. (NASDAQ:CLFD) gapped up before the market opened on Wednesday . The stock had previously closed at $47.04, but opened at $50.00. Clearfield shares last traded at $49.6350, with a volume of 168,750 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CLFD. Roth Mkm reaffirmed a “buy” rating and set a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of Clearfield from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Clearfield has an average rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Trading Up 8.6%

The company’s 50 day moving average price is $32.57 and its two-hundred day moving average price is $31.21. The stock has a market cap of $694.35 million, a P/E ratio of -83.29 and a beta of 1.90.

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

Insider Buying and Selling at Clearfield

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.05, for a total value of $110,105.55. Following the transaction, the director owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Clearfield

Institutional investors have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Clearfield in the 3rd quarter worth approximately $42,000. Los Angeles Capital Management LLC bought a new stake in Clearfield during the 4th quarter worth approximately $63,000. Tower Research Capital LLC TRC raised its stake in Clearfield by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock worth $82,000 after acquiring an additional 1,012 shares during the period. Strs Ohio bought a new stake in Clearfield during the 1st quarter worth approximately $131,000. Finally, Quantbot Technologies LP bought a new stake in Clearfield during the 3rd quarter worth approximately $202,000. Institutional investors own 88.73% of the company’s stock.

About Clearfield

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.