Clearfield (NASDAQ:CLFD) Shares Down 7.5% – Here’s Why

Clearfield, Inc. (NASDAQ:CLFD) fell 7.5% on Tuesday . The company traded as low as $40.07 and last traded at $40.0080. 131,527 shares changed hands during trading, a decline of 26% from the average session volume of 177,477 shares. The stock had previously closed at $43.25.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLFD. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday, May 11th. Zacks Research lowered Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Stock Performance

The stock has a market capitalization of $581.38 million, a P/E ratio of -69.00 and a beta of 1.90. The firm’s fifty day simple moving average is $31.61 and its 200 day simple moving average is $30.98.

Clearfield (NASDAQ:CLFD) last released its 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 firm 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. Analysts anticipate that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 stock was 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 $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 17.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Clearfield

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new stake in Clearfield during the 3rd quarter worth $42,000. Los Angeles Capital Management LLC bought a new stake in Clearfield during the 4th quarter worth approximately $63,000. Tower Research Capital LLC TRC grew its holdings in Clearfield by 116.3% during the 2nd 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 bought a new stake in Clearfield during the 1st quarter worth approximately $131,000. Finally, Quantbot Technologies LP bought a new stake in Clearfield during the 3rd quarter worth approximately $202,000. 88.73% of the stock is owned by 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.