Clearfield (NASDAQ:CLFD) Shares Cross Above 200 Day Moving Average – What’s Next?

Clearfield, Inc. (NASDAQ:CLFD)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $32.99 and traded as high as $38.35. Clearfield shares last traded at $36.96, with a volume of 172,708 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings cut Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Roth Mkm reiterated a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Stock Down 0.5%

The firm’s 50-day moving average price is $38.60 and its two-hundred day moving average price is $32.99. The firm has a market capitalization of $502.29 million, a PE ratio of -59.61 and a beta of 2.08.

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

Insider Buying and Selling at Clearfield

In other news, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares of the company’s stock, valued at $1,002,527.40. This trade represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of Clearfield stock in a transaction 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 transaction, the director owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The SEC filing for this sale provides additional information. 17.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Clearfield

Several hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new stake in Clearfield during the 3rd quarter worth about $42,000. Los Angeles Capital Management LLC acquired a new position in shares of Clearfield in the 4th quarter valued at about $63,000. Tower Research Capital LLC TRC increased its holdings in shares of Clearfield by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after purchasing an additional 1,012 shares during the period. Strs Ohio purchased a new stake in shares of Clearfield in the first quarter worth approximately $131,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Clearfield in the third quarter worth approximately $202,000. 88.73% of the stock is owned by hedge funds and other institutional investors.

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.