Donald Hayward Sells 3,595 Shares of Clearfield (NASDAQ:CLFD) Stock

Clearfield, Inc. (NASDAQ:CLFD) Director Donald Hayward sold 3,595 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $32.00, for a total value of $115,040.00. Following the completion of the transaction, the director owned 10,870 shares of the company’s stock, valued at approximately $347,840. This represents a 24.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Clearfield Stock Up 1.5%

Shares of CLFD opened at $32.52 on Friday. Clearfield, Inc. has a twelve month low of $23.78 and a twelve month high of $46.76. The stock has a market cap of $445.20 million, a PE ratio of -66.37 and a beta of 1.94. The business’s 50-day moving average price is $30.64 and its 200-day moving average price is $32.15.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Wednesday, February 4th. The communications equipment provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $34.34 million during the quarter, compared to analysts’ expectations of $31.77 million. Clearfield had a negative net margin of 3.93% and a positive return on equity of 1.72%. Clearfield has set its FY 2026 guidance at 0.480-0.620 EPS and its Q2 2026 guidance at -0.100–0.020 EPS. Analysts expect that Clearfield, Inc. will post -0.29 earnings per share for the current fiscal year.

Clearfield declared that its board has authorized a stock repurchase program on Tuesday, November 25th that permits the company to repurchase $85.00 million in outstanding shares. This repurchase authorization permits the communications equipment provider to buy up to 22% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Roth Mkm reduced their target price on Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a research report on Wednesday, January 21st. Northland Securities raised Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Wednesday, November 26th. Zacks Research downgraded shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Lake Street Capital dropped their target price on shares of Clearfield from $52.00 to $41.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Institutional Trading of Clearfield

Hedge funds have recently bought and sold shares of the company. Cooper Creek Partners Management LLC grew its position in Clearfield by 1,705.7% during the third quarter. Cooper Creek Partners Management LLC now owns 479,741 shares of the communications equipment provider’s stock valued at $16,493,000 after acquiring an additional 453,173 shares during the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of Clearfield in the 2nd quarter worth approximately $10,022,000. Ancora Advisors LLC boosted its stake in shares of Clearfield by 445.2% in the 3rd quarter. Ancora Advisors LLC now owns 179,640 shares of the communications equipment provider’s stock valued at $6,176,000 after purchasing an additional 146,690 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Clearfield by 286.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 156,014 shares of the communications equipment provider’s stock valued at $5,364,000 after purchasing an additional 115,626 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Clearfield by 48.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock worth $9,029,000 after purchasing an additional 85,610 shares during the period. 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.