Clearfield (NASDAQ:CLFD) Trading Down 7.5% – Here’s Why

Clearfield, Inc. (NASDAQ:CLFD) traded down 7.5% during mid-day trading on Tuesday . The company traded as low as $40.07 and last traded at $40.0080. 131,527 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 177,477 shares. The stock had previously closed at $43.25.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings cut shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, Zacks Research cut 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.75.

Clearfield Price Performance

The company’s fifty day moving average is $30.87 and its 200-day moving average is $30.85. The stock has a market cap of $565.21 million, a PE ratio of -67.08 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last issued its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Analysts expect that Clearfield, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Clearfield

In related news, Director Donald R. Hayward sold 3,595 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total transaction of $115,040.00. Following the completion of the transaction, the director owned 10,870 shares of the company’s stock, valued at $347,840. This trade represents a 24.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s 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 transaction, the director directly owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CLFD. Quarry LP purchased a new position in shares of Clearfield during the third quarter worth $42,000. Los Angeles Capital Management LLC purchased a new position in Clearfield in the fourth quarter valued at $63,000. Tower Research Capital LLC TRC increased its holdings in Clearfield by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 1,012 shares in the last quarter. Strs Ohio purchased a new position in Clearfield in the first quarter valued at $131,000. Finally, Quantbot Technologies LP purchased a new position in Clearfield in the third quarter valued at $202,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

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.