Clearfield (NASDAQ:CLFD) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Clearfield, Inc. (NASDAQ:CLFD) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.33 and traded as high as $38.46. Clearfield shares last traded at $33.97, with a volume of 209,533 shares.

Analyst Upgrades and Downgrades

CLFD has been the subject of a number of analyst reports. Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings lowered shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Stock Down 11.8%

The company has a 50-day moving average of $39.59 and a 200-day moving average of $33.33. The company has a market cap of $461.65 million, a PE ratio of -54.79 and a beta of 2.11.

Clearfield (NASDAQ:CLFD) last released its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.The business had revenue of $34.39 million during the quarter, compared to analyst estimates of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, equities analysts predict that Clearfield, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at Clearfield

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were 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 $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anis Khemakhem sold 1,684 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the transaction, the insider owned 25,126 shares in the company, valued at approximately $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Clearfield

Several hedge funds have recently modified their holdings of CLFD. Royal Bank of Canada boosted its stake in shares of Clearfield by 6.2% in the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after buying an additional 15,659 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clearfield by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock valued at $215,000 after acquiring an additional 312 shares during the last quarter. Jane Street Group LLC lifted its holdings in Clearfield by 45.5% during the first 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 during the period. Strs Ohio bought a new stake in Clearfield during the first quarter worth $131,000. Finally, Rhumbline Advisers lifted its holdings in Clearfield by 6.4% during the second 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 during the period. 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.