Clearfield (NASDAQ:CLFD) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Clearfield, Inc. (NASDAQ:CLFD)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $35.46 and traded as low as $29.29. Clearfield shares last traded at $29.45, with a volume of 50,936 shares.

Analyst Ratings Changes

A number of brokerages recently commented on CLFD. UBS Group reiterated a “buy” rating on shares of Clearfield in a research report on Wednesday, November 26th. Wall Street Zen lowered Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Northland Capmk raised shares of Clearfield from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. Roth Capital cut their price objective on shares of Clearfield from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Clearfield in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $43.50.

Clearfield Stock Performance

The firm’s 50 day moving average is $31.33 and its two-hundred day moving average is $35.41. The stock has a market capitalization of $408.42 million, a PE ratio of -50.98 and a beta of 1.87.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Tuesday, November 25th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Clearfield had a positive return on equity of 1.07% and a negative net margin of 4.65%.The company had revenue of $17.59 million for the quarter, compared to analyst estimates of $49.55 million. Clearfield has set its Q1 2026 guidance at -0.080-0.000 EPS and its FY 2026 guidance at 0.480-0.620 EPS. On average, analysts anticipate that Clearfield, Inc. will post -0.29 EPS for the current year.

Clearfield declared that its board has approved a stock repurchase program on Tuesday, November 25th that permits the company to buyback $85.00 million in shares. This buyback authorization permits the communications equipment provider to reacquire up to 22% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Clearfield

In other news, Chairman Ronald G. Roth acquired 10,000 shares of Clearfield stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $30.06 per share, for a total transaction of $300,600.00. Following the acquisition, the chairman owned 1,279,264 shares of the company’s stock, valued at $38,454,675.84. This trade represents a 0.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.80% of the company’s stock.

Institutional Trading of Clearfield

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Clearfield by 0.8% in the first quarter. Vanguard Group Inc. now owns 952,059 shares of the communications equipment provider’s stock valued at $28,295,000 after acquiring an additional 7,919 shares during the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of Clearfield by 1,705.7% in 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 purchasing an additional 453,173 shares during the period. Dimensional Fund Advisors LP grew its position in Clearfield by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 345,833 shares of the communications equipment provider’s stock valued at $11,889,000 after buying an additional 8,288 shares during the last quarter. Royal Bank of Canada raised its position in Clearfield by 6.2% during the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock worth $8,020,000 after buying an additional 15,659 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. increased its stake in shares of Clearfield by 48.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 262,610 shares of the communications equipment provider’s stock worth $9,029,000 after acquiring an additional 85,610 shares during the period. Institutional investors and hedge funds 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.