Clearfield (NASDAQ:CLFD) Director Walter Louis Jones, Jr. Sells 2,391 Shares

Clearfield, Inc. (NASDAQ:CLFD) Director Walter Louis Jones, Jr. sold 2,391 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.05, for a total transaction of $110,105.55. Following the completion of the sale, the director owned 8,682 shares of the company’s stock, valued at approximately $399,806.10. The trade was a 21.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Clearfield Stock Performance

Clearfield stock opened at $45.15 on Wednesday. Clearfield, Inc. has a 1 year low of $23.76 and a 1 year high of $46.76. The firm has a 50 day moving average price of $29.90 and a 200 day moving average price of $30.64. The company 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) last released its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. The firm had revenue of $34.39 million during the quarter, compared to the consensus estimate of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Sell-side analysts predict that Clearfield, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Clearfield by 4.5% during 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 purchasing an additional 312 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Clearfield by 5.3% during the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock worth $257,000 after purchasing an additional 442 shares during the period. Creative Planning raised its holdings in shares of Clearfield by 4.8% during the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock worth $420,000 after purchasing an additional 563 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Clearfield by 6.4% during 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 purchasing an additional 635 shares during the period. Finally, Drum Hill Capital LLC grew its position in shares of Clearfield by 1.4% during the fourth quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock worth $1,455,000 after acquiring an additional 713 shares during the last quarter. 88.73% of the stock is owned by institutional investors and hedge funds.

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.