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 Clearfield 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 transaction, the director directly owned 8,682 shares in the company, valued at $399,806.10. This represents a 21.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Clearfield Stock Down 5.6%

NASDAQ:CLFD traded down $2.60 during trading hours on Tuesday, hitting $44.13. 479,059 shares of the stock traded hands, compared to its average volume of 161,648. Clearfield, Inc. has a 1 year low of $23.76 and a 1 year high of $46.76. The stock has a 50 day moving average price of $29.62 and a 200 day moving average price of $30.57. The company has a market cap of $599.70 million, a price-to-earnings ratio of -71.17 and a beta of 1.90.

Clearfield (NASDAQ:CLFD) last announced its quarterly earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). Clearfield had a negative net margin of 5.41% and a positive return on equity of 1.03%. The company had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $33.58 million. Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Equities analysts forecast that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Clearfield

A number of large investors have recently made changes to their positions in CLFD. Royal Bank of Canada boosted its stake in shares of Clearfield by 6.2% during the first quarter. Royal Bank of Canada now owns 269,865 shares of the communications equipment provider’s stock valued at $8,020,000 after purchasing an additional 15,659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $215,000 after purchasing an additional 312 shares during the period. Jane Street Group LLC boosted its stake in shares of Clearfield by 45.5% during the first quarter. Jane Street Group LLC now owns 20,136 shares of the communications equipment provider’s stock valued at $598,000 after purchasing an additional 6,294 shares during the period. Strs Ohio purchased a new stake in Clearfield in the first quarter worth about $131,000. Finally, Rhumbline Advisers lifted its stake in Clearfield by 6.4% in the second quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock worth $873,000 after acquiring an additional 1,216 shares during the period. 88.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CLFD. Weiss Ratings restated a “hold (c-)” rating on shares of Clearfield in a research report on Monday, April 20th. Zacks Research cut shares of Clearfield from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Roth Mkm reiterated a “buy” rating and set a $44.00 price objective on shares of Clearfield in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

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.