Ancora Advisors LLC Takes Position in Clearfield, Inc. $CLFD

Ancora Advisors LLC acquired a new stake in shares of Clearfield, Inc. (NASDAQ:CLFD - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,192 shares of the communications equipment provider's stock, valued at approximately $1,639,000. Ancora Advisors LLC owned 0.30% of Clearfield as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 valued at $215,000 after acquiring an additional 312 shares in the last quarter. Deutsche Bank AG boosted its position in 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 purchasing an additional 442 shares in the last quarter. Creative Planning grew its stake in Clearfield by 4.8% in the third quarter. Creative Planning now owns 12,207 shares of the communications equipment provider's stock valued at $420,000 after purchasing an additional 563 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Clearfield by 6.4% in 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 purchasing an additional 635 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Clearfield by 6.3% in the third quarter. BNP Paribas Financial Markets now owns 14,027 shares of the communications equipment provider's stock worth $482,000 after purchasing an additional 834 shares in the last quarter. Institutional investors own 88.73% of the company's stock.

Insider Buying and Selling

In other Clearfield news, insider Anis Khemakhem sold 1,684 shares of the company's stock in a transaction 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 sale, the insider directly owned 25,126 shares of the company's stock, valued at approximately $1,002,527.40. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 17.80% of the company's stock.

Clearfield Trading Up 1.5%

NASDAQ:CLFD opened at $29.88 on Thursday. The company has a market capitalization of $405.77 million, a P/E ratio of -58.59 and a beta of 2.12. The firm has a fifty day simple moving average of $32.35 and a 200-day simple moving average of $33.44. Clearfield, Inc. has a 12 month low of $23.76 and a 12 month high of $52.73.

Clearfield (NASDAQ:CLFD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Clearfield had a positive return on equity of 1.61% and a negative net margin of 4.71%.The business had revenue of $43.86 million for the quarter, compared to the consensus estimate of $43.92 million. Clearfield has set its Q4 2026 guidance at 0.000-0.070 EPS and its FY 2026 guidance at 0.140-0.210 EPS. Equities analysts forecast that Clearfield, Inc. will post 0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

CLFD has been the subject of several analyst reports. Lake Street Capital set a $38.00 price target on shares of Clearfield in a research report on Thursday, August 6th. Roth Capital reiterated a "buy" rating and set a $44.00 price objective on shares of Clearfield in a research note on Monday, May 4th. Needham & Company LLC decreased their target price on shares of Clearfield from $52.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Clearfield from a "sell (d-)" rating to a "sell (d)" rating in a research note on Friday, August 21st. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Clearfield has a consensus rating of "Moderate Buy" and an average target price of $41.75.

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.

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