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QQQ   284.73 (+0.31%)
AAPL   144.56 (+1.34%)
MSFT   246.93 (-0.19%)
META   116.68 (+1.17%)
GOOGL   93.77 (+0.06%)
AMZN   89.62 (-0.81%)
TSLA   181.37 (+4.57%)
NVDA   174.31 (+1.53%)
NIO   12.98 (-3.21%)
BABA   92.79 (-1.47%)
AMD   70.38 (-0.13%)
T   19.32 (+1.05%)
MU   55.46 (+0.47%)
CGC   3.00 (-2.91%)
F   13.32 (+1.52%)
GE   82.74 (-1.06%)
DIS   94.32 (+1.91%)
AMC   6.02 (-0.82%)
PYPL   74.40 (+0.24%)
PFE   51.80 (+0.04%)
NFLX   326.78 (+5.32%)
S&P 500   3,967.47 (+0.10%)
DOW   33,769.12 (-0.04%)
QQQ   284.73 (+0.31%)
AAPL   144.56 (+1.34%)
MSFT   246.93 (-0.19%)
META   116.68 (+1.17%)
GOOGL   93.77 (+0.06%)
AMZN   89.62 (-0.81%)
TSLA   181.37 (+4.57%)
NVDA   174.31 (+1.53%)
NIO   12.98 (-3.21%)
BABA   92.79 (-1.47%)
AMD   70.38 (-0.13%)
T   19.32 (+1.05%)
MU   55.46 (+0.47%)
CGC   3.00 (-2.91%)
F   13.32 (+1.52%)
GE   82.74 (-1.06%)
DIS   94.32 (+1.91%)
AMC   6.02 (-0.82%)
PYPL   74.40 (+0.24%)
PFE   51.80 (+0.04%)
NFLX   326.78 (+5.32%)
S&P 500   3,967.47 (+0.10%)
DOW   33,769.12 (-0.04%)
QQQ   284.73 (+0.31%)
AAPL   144.56 (+1.34%)
MSFT   246.93 (-0.19%)
META   116.68 (+1.17%)
GOOGL   93.77 (+0.06%)
AMZN   89.62 (-0.81%)
TSLA   181.37 (+4.57%)
NVDA   174.31 (+1.53%)
NIO   12.98 (-3.21%)
BABA   92.79 (-1.47%)
AMD   70.38 (-0.13%)
T   19.32 (+1.05%)
MU   55.46 (+0.47%)
CGC   3.00 (-2.91%)
F   13.32 (+1.52%)
GE   82.74 (-1.06%)
DIS   94.32 (+1.91%)
AMC   6.02 (-0.82%)
PYPL   74.40 (+0.24%)
PFE   51.80 (+0.04%)
NFLX   326.78 (+5.32%)

Clearfield (NASDAQ:CLFD) Shares Gap Up Following Analyst Upgrade

Clearfield, Inc. (NASDAQ:CLFD - Get Rating)'s share price gapped up prior to trading on Friday after Lake Street Capital raised their price target on the stock from $122.00 to $135.00. The stock had previously closed at $93.07, but opened at $107.00. Clearfield shares last traded at $116.40, with a volume of 10,419 shares trading hands.

Several other equities analysts have also commented on the stock. Needham & Company LLC increased their price target on shares of Clearfield from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Friday. StockNews.com assumed coverage on shares of Clearfield in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Westpark Capital assumed coverage on shares of Clearfield in a research report on Tuesday, September 13th. They set a "hold" rating on the stock. Finally, Northland Securities raised their target price on shares of Clearfield from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Clearfield has an average rating of "Hold" and a consensus target price of $106.75.

Insider Activity at Clearfield


In related news, Director Roger G. Harding sold 1,500 shares of Clearfield stock in a transaction on Friday, August 26th. The shares were sold at an average price of $125.86, for a total value of $188,790.00. Following the transaction, the director now directly owns 15,508 shares in the company, valued at approximately $1,951,836.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Clearfield

A number of hedge funds and other institutional investors have recently bought and sold shares of CLFD. BlackRock Inc. lifted its holdings in Clearfield by 128.9% in the third quarter. BlackRock Inc. now owns 1,798,204 shares of the communications equipment provider's stock valued at $188,165,000 after acquiring an additional 1,012,641 shares during the period. Vanguard Group Inc. raised its stake in shares of Clearfield by 30.1% during the 3rd quarter. Vanguard Group Inc. now owns 766,266 shares of the communications equipment provider's stock worth $80,182,000 after buying an additional 177,488 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Clearfield by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 432,241 shares of the communications equipment provider's stock worth $28,191,000 after buying an additional 5,734 shares during the last quarter. Atika Capital Management LLC raised its stake in shares of Clearfield by 14.2% during the 1st quarter. Atika Capital Management LLC now owns 395,904 shares of the communications equipment provider's stock worth $25,822,000 after buying an additional 49,309 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Clearfield by 66.9% during the 3rd quarter. State Street Corp now owns 378,067 shares of the communications equipment provider's stock worth $39,561,000 after buying an additional 151,583 shares during the last quarter. 48.06% of the stock is currently owned by hedge funds and other institutional investors.

Clearfield Trading Up 23.9 %

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 39.87 and a beta of 1.33. The firm has a 50 day moving average price of $100.56 and a 200-day moving average price of $86.45.

Clearfield Company Profile

(Get Rating)

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

Further Reading

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