Clearfield (NASDAQ:CLFD) Stock Passes Above 200-Day Moving Average – Should You Sell?

Clearfield, Inc. (NASDAQ:CLFD) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $32.99 and traded as high as $38.35. Clearfield shares last traded at $36.96, with a volume of 172,708 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CLFD shares. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Monday, May 11th. Roth Mkm reissued a “buy” rating and issued a $44.00 price target on shares of Clearfield in a research note on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Clearfield has an average rating of “Moderate Buy” and an average price target of $43.75.

Clearfield Price Performance

The stock has a market capitalization of $525.06 million, a P/E ratio of -62.32 and a beta of 2.08. The stock’s fifty day moving average is $39.02 and its 200-day moving average is $33.09.

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 the consensus estimate of ($0.04). The company had revenue of $34.39 million for the quarter, compared to analyst estimates 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. On average, research analysts expect that Clearfield, Inc. will post 0.52 EPS for the current year.

Insider Activity at Clearfield

In other news, Director Walter Louis Jones, Jr. sold 2,391 shares of Clearfield stock in a transaction that occurred on Monday, May 11th. The shares were 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 $399,806.10. This trade represents a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Anis Khemakhem sold 1,684 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total transaction of $67,191.60. Following the completion of the sale, the insider owned 25,126 shares of the company’s stock, valued at $1,002,527.40. The trade was a 6.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CLFD. Quarry LP acquired a new position in Clearfield during the 3rd quarter worth $42,000. Tower Research Capital LLC TRC increased its holdings in Clearfield by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the communications equipment provider’s stock valued at $82,000 after buying an additional 1,012 shares during the period. Los Angeles Capital Management LLC acquired a new position in Clearfield in the fourth quarter worth about $63,000. Strs Ohio acquired a new position in Clearfield in the first quarter worth about $131,000. Finally, Captrust Financial Advisors bought a new position in Clearfield during the second quarter worth about $220,000. 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.