Clearfield (NASDAQ:CLFD) Stock Price Down 8.3% – Time to Sell?

Clearfield, Inc. (NASDAQ:CLFD)’s stock price traded down 8.3% during mid-day trading on Thursday . The company traded as low as $48.20 and last traded at $46.9960. 58,130 shares were traded during mid-day trading, a decline of 70% from the average session volume of 193,503 shares. The stock had previously closed at $51.26.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Clearfield from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Roth Mkm reissued a “buy” rating and set a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Finally, Weiss Ratings cut Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

Clearfield Stock Performance

The company’s fifty day moving average price is $33.01 and its two-hundred day moving average price is $31.34. The firm has a market capitalization of $641.86 million, a PE ratio of -76.42 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last released 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 business 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, equities analysts expect that Clearfield, Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Clearfield

Several hedge funds have recently modified their holdings of CLFD. Quarry LP acquired a new stake in shares of Clearfield in the third quarter worth approximately $42,000. Los Angeles Capital Management LLC acquired a new stake in shares of Clearfield in the fourth quarter worth approximately $63,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $82,000 after acquiring an additional 1,012 shares during the last quarter. Strs Ohio acquired a new stake in shares of Clearfield in the first quarter worth approximately $131,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Clearfield in the third quarter worth approximately $202,000. 88.73% of the stock is owned by institutional investors and hedge funds.

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.