Clearfield (NASDAQ:CLFD) Sets New 12-Month High – Here’s Why

Clearfield, Inc. (NASDAQ:CLFD)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $47.67 and last traded at $46.52, with a volume of 72375 shares traded. The stock had previously closed at $43.73.

Analysts Set New Price Targets

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

Clearfield Price Performance

The firm has a 50 day simple moving average of $32.20 and a 200-day simple moving average of $31.11. The company has a market cap of $631.48 million, a price-to-earnings ratio of -74.95 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last posted its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $34.39 million during the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Research analysts anticipate that Clearfield, Inc. will post 0.52 EPS for the current fiscal year.

Insider Transactions at Clearfield

In other Clearfield news, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 17.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clearfield

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Clearfield by 0.4% in the third quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock valued at $32,317,000 after buying an additional 4,139 shares in the last quarter. Cooper Creek Partners Management LLC grew its stake in shares of Clearfield by 1,705.7% in the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after buying an additional 453,173 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Clearfield by 11.6% in the first quarter. Dimensional Fund Advisors LP now owns 353,486 shares of the communications equipment provider’s stock valued at $9,357,000 after buying an additional 36,756 shares in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Clearfield by 4.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 289,610 shares of the communications equipment provider’s stock valued at $7,666,000 after buying an additional 11,500 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Clearfield by 21.1% in the first quarter. Royal Bank of Canada now owns 282,350 shares of the communications equipment provider’s stock valued at $7,474,000 after buying an additional 49,249 shares in the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

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.