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

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

Clearfield Trading Up 1.5%

Shares of CLFD stock opened at $32.52 on Friday. The company has a market cap of $445.04 million, a P/E ratio of -66.37 and a beta of 1.94. The firm has a fifty day moving average price of $30.64 and a 200 day moving average price of $32.23. Clearfield, Inc. has a 12 month low of $23.78 and a 12 month high of $46.76.

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

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a research note on Wednesday, January 21st. Northland Securities raised Clearfield from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Wednesday, November 26th. Needham & Company LLC decreased their price objective on Clearfield from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Wall Street Zen cut shares of Clearfield from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Finally, Lake Street Capital reduced their price target 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 issued a Hold rating to the stock. According to MarketBeat, Clearfield has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Institutional Trading of Clearfield

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Clearfield by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 940,004 shares of the communications equipment provider’s stock worth $32,317,000 after purchasing an additional 4,139 shares during the period. Cooper Creek Partners Management LLC boosted its position 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 worth $16,493,000 after buying an additional 453,173 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Clearfield by 2.5% in the third 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 in the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Clearfield by 5.9% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 278,110 shares of the communications equipment provider’s stock valued at $8,107,000 after buying an additional 15,500 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Clearfield by 6.2% during the 1st quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after buying an additional 15,659 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.

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.