Key Points
- Director Walter Louis Jones, Jr. sold 2,391 Clearfield shares on May 11 for about $110,105.55, reducing his stake by 21.59%.
- Clearfield topped Wall Street estimates on quarterly revenue, reporting $34.39 million versus $33.58 million expected, while EPS matched consensus at ($0.04).
- The stock was down 3.4% in Wednesday trading near its 52-week high, and analysts currently hold a Moderate Buy consensus with a $43.75 price target.
Clearfield, Inc. (NASDAQ:CLFD - Get Free Report) Director Walter Louis Jones, Jr. sold 2,391 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.05, for a total transaction of $110,105.55. Following the transaction, the director owned 8,682 shares of the company's stock, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Clearfield Trading Down 3.4%
NASDAQ:CLFD opened at $45.15 on Wednesday. Clearfield, Inc. has a twelve month low of $23.76 and a twelve month high of $46.76. The company has a 50-day moving average of $29.90 and a 200-day moving average of $30.64. The firm has a market cap of $613.59 million, a price-to-earnings ratio of -72.82 and a beta of 1.90.
Clearfield (NASDAQ:CLFD - Get Free Report) last announced its earnings results 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 company had revenue of $34.39 million during the quarter, compared to analysts' expectations of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. On average, research analysts forecast that Clearfield, Inc. will post 0.52 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on CLFD shares. Zacks Research lowered shares of Clearfield from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 9th. Roth Mkm reissued a "buy" rating and issued a $44.00 price target on shares of Clearfield in a research report on Monday, May 4th. Finally, Weiss Ratings lowered shares of Clearfield from a "hold (c-)" rating to a "sell (d-)" rating in a research report on Monday. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.75.
View Our Latest Research Report on CLFD
Institutional Investors Weigh In On Clearfield
Hedge funds and other institutional investors have recently modified their holdings of the stock. AMH Equity Ltd acquired a new stake in shares of Clearfield in the third quarter worth $639,000. Principal Financial Group Inc. acquired a new stake in shares of Clearfield in the third quarter worth $799,000. Dana Investment Advisors Inc. grew its stake in shares of Clearfield by 16.1% in the third quarter. Dana Investment Advisors Inc. now owns 129,828 shares of the communications equipment provider's stock worth $4,463,000 after acquiring an additional 17,988 shares during the last quarter. Divisadero Street Capital Management LP grew its stake in shares of Clearfield by 95.9% in the third quarter. Divisadero Street Capital Management LP now owns 94,588 shares of the communications equipment provider's stock worth $3,252,000 after acquiring an additional 46,308 shares during the last quarter. Finally, Skylands Capital LLC acquired a new stake in shares of Clearfield in the third quarter worth $615,000. Institutional investors and hedge funds own 88.73% of the company's stock.
Clearfield Company Profile
(
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.
Further Reading
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