Clearfield (NASDAQ:CLFD) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Clearfield, Inc. (NASDAQ:CLFDGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $33.33 and traded as high as $38.46. Clearfield shares last traded at $33.97, with a volume of 209,533 shares.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings lowered Clearfield from a “hold (c-)” rating to a “sell (d-)” rating in a report on Monday, May 11th. Roth Mkm reaffirmed a “buy” rating and set a $44.00 price objective on shares of Clearfield in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Check Out Our Latest Stock Report on Clearfield

Clearfield Stock Performance

The company has a market capitalization of $461.65 million, a price-to-earnings ratio of -54.79 and a beta of 2.11. The firm’s 50 day simple moving average is $39.65 and its 200-day simple moving average is $33.33.

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

Insider Transactions at Clearfield

In other news, insider Anis Khemakhem sold 1,684 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $39.90, for a total value of $67,191.60. Following the completion of the sale, the insider directly owned 25,126 shares of the company’s stock, valued at $1,002,527.40. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter Louis Jones, Jr. sold 2,391 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.05, for a total value of $110,105.55. Following the completion of the sale, the director directly owned 8,682 shares of the company’s stock, valued at $399,806.10. This represents a 21.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 17.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position 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 worth $8,020,000 after purchasing an additional 15,659 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Clearfield by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,222 shares of the communications equipment provider’s stock worth $215,000 after purchasing an additional 312 shares during the period. Jane Street Group LLC increased its holdings in shares of Clearfield by 45.5% in the 1st 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 in the last quarter. Strs Ohio purchased a new position in shares of Clearfield in the 1st quarter valued at about $131,000. Finally, Rhumbline Advisers lifted its stake in shares of Clearfield by 6.4% in the second quarter. Rhumbline Advisers now owns 20,103 shares of the communications equipment provider’s stock valued at $873,000 after purchasing an additional 1,216 shares during the period. Hedge funds and other institutional investors own 88.73% of the company’s stock.

Clearfield Company Profile

(Get Free Report)

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.

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