Clearfield (NASDAQ:CLFD) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Clearfield, Inc. (NASDAQ:CLFD)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $32.48 and traded as high as $33.53. Clearfield shares last traded at $33.26, with a volume of 116,791 shares.

Analyst Ratings Changes

CLFD has been the subject of several research analyst reports. Weiss Ratings upgraded Clearfield from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Lake Street Capital set a $38.00 price objective on Clearfield in a research report on Thursday, August 6th. Needham & Company LLC dropped their target price on Clearfield from $52.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research cut shares of Clearfield from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 1st. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, Clearfield presently has an average rating of “Hold” and a consensus target price of $41.75.

Clearfield Price Performance

The stock has a market cap of $434.97 million, a P/E ratio of -62.80 and a beta of 2.14. The business’s fifty day moving average price is $30.35 and its 200 day moving average price is $32.49.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%. The firm had revenue of $43.86 million for the quarter, compared to analyst estimates of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. On average, analysts predict that Clearfield, Inc. will post 0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Clearfield

Several large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake in shares of Clearfield by 14.8% in the second quarter. Sequoia Financial Advisors LLC now owns 14,270 shares of the communications equipment provider’s stock worth $568,000 after acquiring an additional 1,837 shares during the period. AXQ Capital LP acquired a new stake in Clearfield during the 2nd quarter valued at approximately $355,000. Punch & Associates Investment Management Inc. acquired a new stake in Clearfield during the 2nd quarter valued at approximately $11,046,000. Bank of America Corp DE bought a new position in Clearfield during the 2nd quarter worth approximately $3,154,000. Finally, Lotus Technology Management LP bought a new position in Clearfield during the 2nd quarter worth approximately $236,000. Institutional investors own 88.73% of the company’s stock.

Clearfield Company Profile

Clearfield, Inc (NASDAQ: CLFD) designs, manufactures and sells fiber optic connectivity products used to deploy, manage and protect broadband networks. Its portfolio includes fiber distribution cabinets, panels, terminals, enclosures, splice solutions and other components that support fiber installation from the central office or data center through the outside plant and to end users.

The company markets its products under brands including FieldSmart and WaveSmart. Clearfield’s solutions are designed for communications service providers, community broadband operators, utilities, municipalities, government organizations and other network owners building fiber-to-the-home, fiber-to-the-premises and related broadband infrastructure.

Clearfield was founded in 2008 and is headquartered in Minneapolis, Minnesota.