Key Points
- Director Donald Hayward sold 3,595 shares at $32.00 on Feb. 19 for a total of $115,040, cutting his stake by 24.85% to 10,870 shares (about $347,840).
- Clearfield beat Q4 estimates with EPS of -$0.02 (vs. -$0.04 est.) and revenue of $34.34M, and provided FY2026 guidance of 0.480–0.620 EPS.
- The Board authorized an $85 million share buyback program, enabling repurchases of up to about 22% of outstanding shares.
Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) Director Donald Hayward sold 3,595 shares of the firm's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $32.00, for a total transaction of $115,040.00. Following the sale, the director directly owned 10,870 shares of the company's stock, valued at approximately $347,840. The trade was a 24.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Clearfield Price Performance
Shares of CLFD stock opened at $32.52 on Friday. The company's fifty day moving average price is $30.64 and its two-hundred day moving average price is $32.23. The firm has a market capitalization of $445.04 million, a P/E ratio of -66.37 and a beta of 1.94. Clearfield, Inc. has a 12 month low of $23.78 and a 12 month high of $46.76.
Clearfield (NASDAQ:CLFD - Get Free Report) last announced its earnings results on Wednesday, February 4th. The communications equipment provider reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.02. Clearfield had a positive return on equity of 1.72% and a negative net margin of 3.93%.The business had revenue of $34.34 million for the quarter, compared to analyst estimates of $31.77 million. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100--0.020 EPS. On average, sell-side analysts anticipate that Clearfield, Inc. will post -0.29 EPS for the current year.
Clearfield declared that its Board of Directors has initiated a share buyback plan on Tuesday, November 25th that allows the company to repurchase $85.00 million in outstanding shares. This repurchase authorization allows the communications equipment provider to repurchase up to 22% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Clearfield
A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Clearfield by 9.0% in the fourth quarter. Invesco Ltd. now owns 29,593 shares of the communications equipment provider's stock worth $863,000 after acquiring an additional 2,434 shares during the last quarter. XTX Topco Ltd bought a new position in Clearfield in the fourth quarter worth approximately $445,000. Tudor Investment Corp ET AL lifted its position in Clearfield by 31.1% during the fourth quarter. Tudor Investment Corp ET AL now owns 80,507 shares of the communications equipment provider's stock valued at $2,347,000 after purchasing an additional 19,079 shares in the last quarter. Millennium Management LLC increased its holdings in Clearfield by 9.5% in the 4th quarter. Millennium Management LLC now owns 41,831 shares of the communications equipment provider's stock worth $1,219,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Trexquant Investment LP boosted its position in shares of Clearfield by 20.9% in the fourth quarter. Trexquant Investment LP now owns 107,416 shares of the communications equipment provider's stock worth $3,131,000 after purchasing an additional 18,550 shares during the period. Institutional investors own 88.73% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. UBS Group reaffirmed a "buy" rating on shares of Clearfield in a report on Wednesday, November 26th. Zacks Research cut shares of Clearfield from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Clearfield in a research note on Wednesday, January 21st. Northland Securities raised Clearfield from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Wednesday, November 26th. Finally, Needham & Company LLC reduced their target price on Clearfield from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, November 26th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.50.
Read Our Latest Analysis on Clearfield
About Clearfield
(
Get Free Report)
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.
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