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Clearfield (NASDAQ:CLFD) Director Charles N. Hayssen bought 8,000 shares of Clearfield stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $22.50 per share, with a total value of $180,000.00. Following the completion of the acquisition, the director now directly owns 130,808 shares in the company, valued at approximately $2,943,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at TheStreet upgraded shares of Clearfield from a “sell” rating to a “buy” rating in a research note to investors on Tuesday, November 12th.

Clearfield (NASDAQ:CLFD) traded down 6.61% on Monday, hitting $21.48. 561,231 shares of the company’s stock traded hands. Clearfield has a one year low of $5.16 and a one year high of $25.41. The stock has a 50-day moving average of $20.62 and a 200-day moving average of $16.01. The company has a market cap of $279.2 million and a P/E ratio of 48.94.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $16.15 million for the quarter, compared to the consensus estimate of $10.27 million. The company’s quarterly revenue was up 57.3% on a year-over-year basis. Analysts expect that Clearfield will post $0.66 EPS for the current fiscal year.

Clearfield, Inc (NASDAQ:CLFD) manufactures, markets and sells a fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site.

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