Clearfield (NASDAQ:CLFD) Reaches New 1-Year High – Here’s What Happened

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CLFD shares. Roth Mkm reaffirmed a “buy” rating and set a $44.00 price target on shares of Clearfield in a report on Monday, May 4th. Weiss Ratings downgraded Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Finally, Zacks Research downgraded Clearfield from a “strong-buy” rating to a “hold” rating in a 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. According to data from MarketBeat.com, Clearfield has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

Clearfield Stock Up 9.0%

The business has a fifty day simple moving average of $33.01 and a two-hundred day simple moving average of $31.34. The company has a market cap of $696.62 million, a P/E ratio of -82.68 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 for the quarter, meeting 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. On average, equities analysts predict that Clearfield, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Clearfield news, Director Walter Louis Jones, Jr. sold 2,391 shares of the 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 transaction, the director owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. This 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 can be accessed through the SEC website. Corporate insiders own 17.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Clearfield by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 312 shares during the period. Deutsche Bank AG raised its stake in shares of Clearfield by 5.3% in the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock worth $257,000 after buying an additional 442 shares during the period. Creative Planning raised its stake in shares of Clearfield by 4.8% in the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock worth $420,000 after buying an additional 563 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Clearfield by 6.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock worth $310,000 after buying an additional 635 shares during the period. Finally, Drum Hill Capital LLC raised its stake in shares of Clearfield by 1.4% in the fourth quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock worth $1,455,000 after buying an additional 713 shares during the period. Institutional investors own 88.73% of the company’s stock.

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.