Clearfield, Inc. logo

Clearfield, Inc.

CLFD

NASDAQTechnologyCommunication Equipment

Previous close

$27.54

$0.00 · 0.00%

Aug 21, 4:00 PM ET

CLFD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

36

Expensive

Momentum

36

Weakening

Sentiment

62

Bullish

Risk resilience

32

High Risk

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Company profile

Company website

Clearfield, Inc. specializes in the development, manufacturing, and global distribution of both standard and customized passive fiber optic connectivity solutions. These products cater to a diverse clientele, including entities engaged in fiber-to-the-premises (FTTP) deployments, enterprise networks, and original equipment manufacturers (OEMs) across the United States and internationally. The company's extensive product portfolio encompasses several key lines: FieldSmart: A range of physical infrastructure components such as panels, cabinets, and wall boxes, specifically designed for housing and protecting fiber optic connections. WaveSmart: Optical components critical for managing light signals, enabling functions like coupling, splitting, termination, multiplexing, demultiplexing, and attenuation when integrated into their fiber management systems. Solutions for outdoor network installations, including outdoor and fiber active cabinet products. StreetSmart: Various fiber management products tailored for network organization. FieldShield: An innovative method for fiber pathway and protection, aimed at streamlining and reducing the expense of broadband infrastructure rollout. YOURx platform: Comprising robust hardened terminals, test access points, and diverse drop cable options, this platform supports different fiber drop cable media for various segments of the access network. CraftSmart: A series of optical protection field enclosures, including pedestals and vaults, which provide optimized housing for FieldSmart products at the last mile access point, suitable for both above-grade and below-grade installations. Clearfield also offers fiber and copper assemblies, available in industry-standard or customer-specified configurations, along with bespoke solutions for in-the-box and network connectivity tailored to specific customer product lines. Clearfield's comprehensive "fiber to anywhere" platform serves a broad spectrum of clients, from incumbent and competitive local exchange carriers, wireless operators, and multiple systems operators/cable TV companies, to utility/municipality entities, enterprises, and data centers. The company, founded in 1979 and headquartered in Minneapolis, Minnesota, operated as APA Enterprises, Inc. before officially changing its name to Clearfield, Inc. in January 2008.

Industry
Communication Equipment
Sector
Technology
Headquarters
US
CEO
Cheryl Beranek
Listed since
Aug 6, 1986
Employees
243

Market position

Day range

Current $27.54

52-week range

Current $27.54

Open
$27.68
Previous close
$27.54
Volume
124.78K
0.46× average
Average volume
274K
Average daily volume
Market cap
374.25M USD
Beta
2.12
Market reference 1
50-day average
$33.0934
-16.78% below average
200-day average
$32.4016
-15.00% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
468.22M USD
EV / EBITDA
31.66×
Earnings yield
-1.67%
Free cash flow yield
5.14%

Profitability & efficiency

Return on equity
-3.14%
Return on assets
-2.63%
Return on invested capital
0.57%

Financial health

Current ratio
5.42×
Altman Z-score
12.48
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends49%26%2%-21%Gross margin, FY2021: 43.46%Gross margin, FY2022: 41.70%Gross margin, FY2023: 35.38%Gross margin, FY2024: 20.58%Gross margin, FY2025: 33.66%Operating margin, FY2021: 17.93%Operating margin, FY2022: 23.56%Operating margin, FY2023: 16.65%Operating margin, FY2024: -15.32%Operating margin, FY2025: 1.41%Net margin, FY2021: 14.44%Net margin, FY2022: 18.22%Net margin, FY2023: 14.41%Net margin, FY2024: -9.92%Net margin, FY2025: -5.36%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 43.46%. Gross margin FY2022 41.70%. Gross margin FY2023 35.38%. Gross margin FY2024 20.58%. Gross margin FY2025 33.66%. Operating margin FY2021 17.93%. Operating margin FY2022 23.56%. Operating margin FY2023 16.65%. Operating margin FY2024 -15.32%. Operating margin FY2025 1.41%. Net margin FY2021 14.44%. Net margin FY2022 18.22%. Net margin FY2023 14.41%. Net margin FY2024 -9.92%. Net margin FY2025 -5.36%.

Income trends

Revenue

150.13M USD+19.56%

Operating income

2.12M USD+21.35M USD

Net income

−8.05M USD+35.36%
Income trends across reported periods299.89M USD183.85M USD67.8M USD−48.25M USDRevenue, FY2021: 140.76M USDRevenue, FY2022: 270.88M USDRevenue, FY2023: 225.72M USDRevenue, FY2024: 125.57M USDRevenue, FY2025: 150.13M USDOperating income, FY2021: 25.23M USDOperating income, FY2022: 63.82M USDOperating income, FY2023: 37.58M USDOperating income, FY2024: −19.23M USDOperating income, FY2025: 2.12M USDNet income, FY2021: 20.33M USDNet income, FY2022: 49.36M USDNet income, FY2023: 32.53M USDNet income, FY2024: −12.45M USDNet income, FY2025: −8.05M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 140.76M USD. Revenue FY2022 270.88M USD. Revenue FY2023 225.72M USD. Revenue FY2024 125.57M USD. Revenue FY2025 150.13M USD. Operating income FY2021 25.23M USD. Operating income FY2022 63.82M USD. Operating income FY2023 37.58M USD. Operating income FY2024 −19.23M USD. Operating income FY2025 2.12M USD. Net income FY2021 20.33M USD. Net income FY2022 49.36M USD. Net income FY2023 32.53M USD. Net income FY2024 −12.45M USD. Net income FY2025 −8.05M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue150.13M USD125.57M USD225.72M USD270.88M USD140.76M USD
Cost of goods sold99.6M USD99.72M USD145.87M USD157.94M USD79.58M USD
Gross profit50.54M USD25.85M USD79.86M USD112.95M USD61.18M USD
Research and development895K USD1.24M USD
Selling, general, and administrative48.42M USD45.08M USD42.28M USD47.53M USD35.94M USD
Operating expenses48.42M USD45.08M USD42.28M USD49.13M USD35.94M USD
Interest income6.55M USD7.47M USD500.12K USD
Interest expense170K USD311K USD
Depreciation and amortization6.12M USD5.92M USD4.6M USD3.41M USD2.3M USD
Operating income2.12M USD−19.23M USD37.58M USD63.82M USD25.23M USD
Net income−8.05M USD−12.45M USD32.53M USD49.36M USD20.33M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 0 misses, 1 met estimate
Average EPS surprise
+56.81%
11 comparable reports
Latest EPS result
0.22
Estimate 0.19 · Beat by 14.29%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.260.06-0.13-0.33Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MetQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual -0.13, estimate -0.29, surprise +55.17%, Beat. Q2 2025, reported May 8, 2025: actual 0.09, estimate -0.19, surprise +147.37%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.11, estimate 0.05, surprise +120.00%, Beat. Q4 2025, reported Nov 25, 2025: actual 0.13, estimate 0.09, surprise +44.44%, Beat. Q1 2026, reported Feb 4, 2026: actual -0.02, estimate -0.04, surprise +50.00%, Beat. Q2 2026, reported May 6, 2026: actual -0.04, estimate -0.04, surprise 0.00%, Met estimate. Q3 2026, reported Aug 5, 2026: actual 0.22, estimate 0.193, surprise +14.29%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate 0.06, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates51.9M44.5M37.1M29.7MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 35.48M USD, estimate 35.78M USD, surprise -0.84%, Miss. Q2 2025, reported May 8, 2025: actual 47.17M USD, estimate 38.53M USD, surprise +22.43%, Beat. Q3 2025, reported Aug 6, 2025: actual 49.9M USD, estimate 47.58M USD, surprise +4.89%, Beat. Q4 2025, reported Nov 25, 2025: actual 41.1M USD, estimate 49.55M USD, surprise -17.05%, Miss. Q1 2026, reported Feb 4, 2026: actual 34.34M USD, estimate 31.7M USD, surprise +8.33%, Beat. Q2 2026, reported May 6, 2026: actual 34.39M USD, estimate 33.58M USD, surprise +2.43%, Beat. Q3 2026, reported Aug 5, 2026: actual 43.86M USD, estimate 43.93M USD, surprise -0.14%, Miss. Q4 2026, reported Nov 24, 2026: actual —, estimate 40.38M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$40.67

47.68% upside
Past 12 months12-month forecastHigh $44.00Average $40.67Low $38.00

Recent analyst actions

6 institutions
Roth CapitalmaintainBuy
Lake StreetmaintainBuy

CLFD news

Corporate actions

Corporate action history

Stock split

Effective Apr 3, 1989

2:1

CLFD peers

ETFs holding CLFD

Funds reporting this stock among their holdings, ordered by reported position size.

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