Clearfield (NASDAQ:CLFD) Shares Gap Up – Time to Buy?

Clearfield, Inc. (NASDAQ:CLFD) gapped up before the market opened on Wednesday . The stock had previously closed at $47.04, but opened at $50.00. Clearfield shares last traded at $49.6350, with a volume of 168,750 shares changing hands.

Analyst Upgrades and Downgrades

CLFD has been the topic of several recent research reports. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Roth Mkm restated a “buy” rating and set a $44.00 target price on shares of Clearfield in a research report on Monday, May 4th. Finally, Zacks Research downgraded Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Five 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Clearfield Stock Down 8.9%

The company has a market cap of $634.65 million, a PE ratio of -75.32 and a beta of 1.90. The stock has a 50-day moving average of $33.36 and a 200-day moving average of $31.45.

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

Insider Activity

In related news, Director Walter Louis Jones, Jr. sold 2,391 shares of the stock in a transaction on 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 owned 8,682 shares in the company, valued at approximately $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Clearfield

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in Clearfield during the third quarter valued at about $799,000. Dana Investment Advisors Inc. increased its holdings 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 buying an additional 17,988 shares during the period. Divisadero Street Capital Management LP increased its holdings 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 buying an additional 46,308 shares during the period. UBS Group AG increased its holdings in shares of Clearfield by 13.0% in the fourth quarter. UBS Group AG now owns 105,849 shares of the communications equipment provider’s stock worth $3,085,000 after buying an additional 12,205 shares during the period. Finally, Skylands Capital LLC purchased a new position in shares of Clearfield in the third quarter worth about $615,000. Hedge funds and other institutional investors own 88.73% of the company’s stock.

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.