Clearfield, Inc. (NASDAQ:CLFD – Get Free Report) insider Anis Khemakhem sold 1,684 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $39.90, for a total value of $67,191.60. Following the transaction, the insider owned 25,126 shares of the company’s stock, valued at $1,002,527.40. This represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Clearfield Price Performance
Shares of NASDAQ CLFD opened at $39.43 on Friday. The firm has a market capitalization of $535.85 million, a PE ratio of -63.60 and a beta of 2.08. Clearfield, Inc. has a 1-year low of $23.76 and a 1-year high of $52.73. The business’s fifty day moving average price is $36.62 and its two-hundred day moving average price is $32.37.
Clearfield (NASDAQ:CLFD – Get Free Report) last posted its earnings results on Wednesday, May 6th. The communications equipment provider reported ($0.04) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.04). The company had revenue of $34.39 million for the quarter, compared to analysts’ expectations of $33.58 million. Clearfield had a positive return on equity of 1.03% and a negative net margin of 5.41%.Clearfield has set its Q3 2026 guidance at 0.170-0.210 EPS. Equities research analysts expect that Clearfield, Inc. will post 0.52 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Analysis on CLFD
Institutional Investors Weigh In On Clearfield
A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 buying an additional 312 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Clearfield by 5.3% during the fourth quarter. Deutsche Bank AG now owns 8,825 shares of the communications equipment provider’s stock valued at $257,000 after buying an additional 442 shares during the last quarter. Creative Planning raised its holdings in shares of Clearfield by 4.8% during the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider’s stock valued at $420,000 after buying an additional 563 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Clearfield by 6.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,618 shares of the communications equipment provider’s stock valued at $310,000 after buying an additional 635 shares during the last quarter. Finally, Drum Hill Capital LLC raised its holdings in shares of Clearfield by 1.4% during the fourth quarter. Drum Hill Capital LLC now owns 49,912 shares of the communications equipment provider’s stock valued at $1,455,000 after buying an additional 713 shares during the last quarter. Institutional investors 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 FieldSmartâ„¢ 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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