Clearfield (NASDAQ:CLFD) Sets New 12-Month High – Here’s Why

Clearfield, Inc. (NASDAQ:CLFD) hit a new 52-week high on Tuesday . The company traded as high as $47.67 and last traded at $46.52, with a volume of 72375 shares trading hands. The stock had previously closed at $43.73.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CLFD shares. Weiss Ratings cut Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Roth Mkm reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th. Finally, Zacks Research cut Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Clearfield presently has an average rating of “Moderate Buy” and an average target price of $43.75.

Clearfield Stock Up 6.3%

The stock has a market capitalization of $631.48 million, a PE ratio of -74.95 and a beta of 1.90. The stock has a fifty day moving average of $32.20 and a 200-day moving average of $31.11.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings data 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). The business had revenue of $34.39 million during the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Equities research analysts expect that Clearfield, Inc. will post 0.52 EPS for the current year.

Insider Activity

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the transaction, the director directly owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. This represents a 21.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLFD. Royal Bank of Canada boosted its position in shares of Clearfield by 6.2% during the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after acquiring an additional 15,659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after acquiring an additional 312 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Clearfield by 45.5% during the 1st quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock worth $598,000 after acquiring an additional 6,294 shares in the last quarter. Strs Ohio acquired a new position in shares of Clearfield during the 1st quarter worth about $131,000. Finally, Rhumbline Advisers boosted its position in shares of Clearfield by 6.4% during the 2nd quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock worth $873,000 after acquiring an additional 1,216 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

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.