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

Clearfield, Inc. (NASDAQ:CLFD) traded down 8.3% during trading on Thursday . The stock traded as low as $48.20 and last traded at $46.9960. 58,130 shares changed hands during 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

CLFD has been the subject of a number of research reports. Roth Mkm reiterated a “buy” rating and set a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Zacks Research downgraded shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Clearfield has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Clearfield Stock Performance

The firm’s 50-day moving average is $33.01 and its 200 day moving average 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 quarterly earnings data on Wednesday, May 6th. The communications equipment provider reported ($0.04) 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 analyst estimates of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. As a group, equities analysts anticipate that Clearfield, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at Clearfield

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the business’s stock in a transaction dated 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 in the company, valued at $399,806.10. The trade was a 21.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Clearfield

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Clearfield by 4.5% in 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 buying an additional 312 shares in the last quarter. Deutsche Bank AG lifted its holdings in Clearfield by 5.3% in the 4th quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock valued at $257,000 after purchasing an additional 442 shares in the last quarter. Creative Planning lifted its holdings in Clearfield by 4.8% in the 3rd quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock valued at $420,000 after purchasing an additional 563 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Clearfield by 6.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock valued at $310,000 after purchasing an additional 635 shares in the last quarter. Finally, Drum Hill Capital LLC lifted its holdings in Clearfield by 1.4% in the 4th quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock valued at $1,455,000 after purchasing an additional 713 shares in the last quarter. 88.73% of the stock is currently 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.