Symbols / CLFD Stock $40.04 -10.00% Clearfield, Inc.

Technology • Communication Equipment • United States • NGM
CLFD (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Communication Equipment
CEO Ms. Cheryl P. Beranek
Exch · Country NGM · United States
Market Cap 544.12M
Enterprise Value 463.99M
Income 3.31M
Sales 148.55M
FCF (ttm) 19.61M
Book/sh 17.83
Cash/sh 6.70
Employees 243
Insider 10d —
IPO Aug 06, 1986
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 174.09
Forward P/E 27.61
PEG —
P/S 3.66
P/B 2.25
P/C —
EV/EBITDA 95.89
EV/Sales 3.12
Quick Ratio 8.82
Current Ratio 12.84
Debt/Eq 4.50
LT Debt/Eq —
EPS (ttm) 0.23
EPS next Y 1.45
EPS Growth —
Revenue Growth -15.30%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-05
Earnings (prior) 2026-05-06
ROA -0.31%
ROE 1.30%
ROIC —
Gross Margin 33.96%
Oper. Margin -6.02%
Profit Margin -5.80%
Shs Outstand 13.59M
Shs Float 10.34M
Insider Own 18.09%
Instit Own 61.15%
Short Float 16.30%
Short Ratio 5.82
Short Interest 1.82M
52W High 52.73
vs 52W High -24.07%
52W Low 23.76
vs 52W Low 68.52%
Beta 2.09
Impl. Vol. 86.87%
Rel Volume 1.60
Avg Volume 260.61K
Volume 418.24K
Target (mean) $43.75
Tgt Median $44.50
Tgt Low $41.00
Tgt High $45.00
# Analysts 4
Recom None
Prev Close $44.49
Price $40.04
Change -10.00%
About

Clearfield, Inc., together with its subsidiaries, designs, manufactures, and distributes fiber management, protection, and delivery products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical component integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and FiberFlex, an outdoor active cabinet for mounting and configuration of electronic equipment. It also provides CraftSmart FiberFirst pedestals, an access terminal that offers cable management and mounting bracket kit that support the deployment of access terminals; YOURx, an access terminal that provides flexibility with cable mid-span and internal splicing options; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; Fiber Assemblies used for industry-standard or customer-specified configurations; and ClearPass Connector Cleaning Dust Cap, which simplifies fiber connector cleaning while enhancing network performance. In addition, the company offers fiber to the premise, fiber to the business, DC interconnect/campus network, meet-me room, main distribution area, and white space. Further, it provides metro core, backhaul, indoor/outdoor DAS, small cells, and FTT-cell site. The company serves various service providers, including national carriers, community broadband, multiple system operators, legacy build-to-print copper and fiber assemblies, large enterprises, and original equipment manufacturer markets. It sells its products through sales force and authorized distributors. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was incorporated in 1979 and is headquartered in Minneapolis, Minnesota.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$43.75
Mean price target
2. Current target
$40.04
Latest analyst target
3. DCF / Fair value
$25.97
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$40.04
Low
$41.00
High
$45.00
Mean
$43.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-26 main Lake Street Buy → Buy $41
2025-11-26 up Northland Capital Markets Market Perform → Outperform $45
2025-11-26 main Roth Capital Buy → Buy $43
2025-11-26 main Needham Buy → Buy $45
2025-03-26 reit Needham Buy → Buy $50
2025-02-07 reit Needham Buy → Buy $50
2025-01-16 reit Needham Buy → Buy $50
2024-11-08 reit Needham Buy → Buy $50
2024-09-24 reit Needham Buy → Buy $50
2024-08-05 main Needham Buy → Buy $50
2024-08-02 main Northland Capital Markets Outperform → Outperform $45
2024-08-02 main Roth MKM Buy → Buy $45
2024-05-16 reit Needham Buy → Buy $42
2024-05-03 main Needham Buy → Buy $42
2024-05-01 reit Roth MKM Buy → Buy $47
2024-04-17 reit Needham Buy → Buy $36
2024-02-02 main Needham Buy → Buy $36
2024-01-29 main Roth MKM Buy → Buy $47
2024-01-18 reit Needham Buy → Buy $40
2023-11-10 main Needham Buy → Buy $40
News
RSS: Latest CLFD news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 BERANEK CHERYL P Chief Executive Officer — 7,500 $46.92 $351,900
2026-05-27 BERANEK CHERYL P Chief Executive Officer — 2,500 $50.00 $125,000
2026-05-11 BERANEK CHERYL P Chief Executive Officer — 7,500 $40.27 $313,900
2026-05-11 JONES LOUIS WALTER JR. Director — 2,391 $46.05 $110,106
2026-02-27 SARCEVIC ADEMIR Director — 2,544 $0.00 $0
2026-02-27 JONES LOUIS WALTER JR. Director — 2,544 $0.00 $0
2026-02-27 KELLY CATHERINE T Director — 2,544 $0.00 $0
2026-02-27 SEIDEL REBECCA B. Director — 2,544 $0.00 $0
2026-02-27 SKARVAN KATHLEEN S Director — 2,544 $0.00 $0
2026-02-27 WIRSBINSKI CAROL ANN Director — 2,544 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
150.13
+19.56%
125.57
-44.37%
225.72
-16.67%
270.88
Operating Revenue
150.13
+19.56%
125.57
-44.37%
225.72
-16.67%
270.88
Cost Of Revenue
99.60
-0.12%
99.72
-31.63%
145.87
-7.64%
157.94
Reconciled Cost Of Revenue
99.60
-0.12%
99.72
-31.63%
145.87
-7.64%
157.94
Gross Profit
50.54
+95.52%
25.85
-67.63%
79.86
-29.30%
112.95
Operating Expense
48.42
+7.40%
45.08
+6.62%
42.28
-13.94%
49.13
Selling General And Administration
48.42
+7.40%
45.08
+6.62%
42.28
-13.94%
49.13
Total Expenses
148.02
+2.22%
144.80
-23.04%
188.15
-9.14%
207.07
Operating Income
2.12
+111.01%
-19.23
-151.19%
37.58
-41.12%
63.82
Total Operating Income As Reported
2.12
+111.01%
-19.23
-151.19%
37.58
-41.12%
63.82
EBITDA
14.79
+353.31%
-5.84
-112.32%
47.37
-29.89%
67.57
Normalized EBITDA
8.24
+161.90%
-13.31
-131.56%
42.17
-37.28%
67.24
Reconciled Depreciation
6.12
+3.33%
5.92
+28.92%
4.59
+34.12%
3.43
EBIT
8.67
+173.69%
-11.76
-127.50%
42.78
-33.31%
64.14
Total Unusual Items
6.55
-12.35%
7.47
+43.72%
5.20
+1485.06%
0.33
Total Unusual Items Excluding Goodwill
6.55
-12.35%
7.47
+43.72%
5.20
+1485.06%
0.33
Net Income
-8.05
+35.36%
-12.45
-138.28%
32.53
-34.09%
49.36
Pretax Income
8.67
+173.69%
-11.76
-127.61%
42.61
-33.26%
63.83
Net Non Operating Interest Income Expense
0.00
0.00
+100.00%
-0.17
+45.34%
-0.31
Interest Expense Non Operating
0.00
0.00
-100.00%
0.17
-45.34%
0.31
Net Interest Income
0.00
0.00
+100.00%
-0.17
+45.34%
-0.31
Interest Expense
0.00
0.00
-100.00%
0.17
-45.34%
0.31
Interest Income Non Operating
—
—
—
—
Interest Income
—
—
—
—
Other Income Expense
6.55
-12.35%
7.47
+43.72%
5.20
+1485.06%
0.33
Gain On Sale Of Security
6.55
-12.35%
7.47
+43.72%
5.20
+1485.06%
0.33
Tax Provision
2.36
+172.57%
-3.25
-136.56%
8.88
-38.62%
14.47
Tax Rate For Calcs
0.00
-1.45%
0.00
+32.06%
0.00
-7.93%
0.00
Tax Effect Of Unusual Items
1.78
-13.62%
2.06
+89.79%
1.09
+1359.37%
0.07
Net Income Including Noncontrolling Interests
-8.05
+35.36%
-12.45
-138.28%
32.53
-34.09%
49.36
Net Income From Continuing Operation Net Minority Interest
6.31
+174.11%
-8.51
-125.25%
33.72
-31.68%
49.36
Net Income From Continuing And Discontinued Operation
-8.05
+35.36%
-12.45
-138.28%
32.53
-34.09%
49.36
Net Income Continuous Operations
6.31
+174.11%
-8.51
-125.25%
33.72
-31.68%
49.36
Net Income Discontinuous Operations
-14.36
-264.56%
-3.94
-231.01%
-1.19
—
Normalized Income
1.54
+111.08%
-13.92
-147.02%
29.61
-39.70%
49.11
Net Income Common Stockholders
-8.05
+35.36%
-12.45
-138.28%
32.53
-34.09%
49.36
Diluted EPS
-0.58
+31.76%
-0.85
-139.17%
2.17
-38.87%
3.55
Basic EPS
-0.58
+31.76%
-0.85
-139.17%
2.17
-39.39%
3.58
Basic Average Shares
13.99
-4.07%
14.58
-2.63%
14.98
+8.74%
13.77
Diluted Average Shares
13.99
-4.07%
14.58
-2.86%
15.01
+7.96%
13.91
Diluted NI Availto Com Stockholders
-8.05
+35.36%
-12.45
-138.28%
32.53
-34.09%
49.36
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
306.17
-2.89%
315.27
-11.32%
355.52
+55.16%
229.13
Current Assets
198.49
-13.55%
229.59
-22.50%
296.25
+85.02%
160.12
Cash Cash Equivalents And Short Term Investments
105.98
-17.83%
128.97
-23.28%
168.11
+648.77%
22.45
Cash And Cash Equivalents
21.49
+51.92%
14.15
-62.60%
37.83
+127.19%
16.65
Other Short Term Investments
84.48
-26.42%
114.83
-11.87%
130.29
+2145.54%
5.80
Receivables
17.99
+29.96%
13.84
-51.24%
28.39
-47.13%
53.70
Accounts Receivable
17.99
+29.96%
13.84
-51.24%
28.39
-47.13%
53.70
Gross Accounts Receivable
18.07
+29.79%
13.92
-51.10%
28.47
-47.06%
53.78
Allowance For Doubtful Accounts Receivable
-0.08
+0.00%
-0.08
+0.00%
-0.08
+0.00%
-0.08
Inventory
42.03
-25.07%
56.10
-42.79%
98.06
+19.28%
82.21
Raw Materials
37.99
-24.31%
50.19
-31.86%
73.66
+6.53%
69.14
Work In Process
2.37
+117.74%
1.09
-25.58%
1.46
-68.16%
4.59
Finished Goods
14.11
-27.75%
19.52
-34.25%
29.70
+174.89%
10.80
Assets Held For Sale Current
21.34
+5.86%
20.16
—
—
Other Current Assets
11.15
+5.93%
10.53
+521.12%
1.70
-3.58%
1.76
Total Non Current Assets
107.69
+25.68%
85.68
+44.58%
59.26
-14.12%
69.01
Net PPE
18.10
-32.53%
26.83
-24.19%
35.39
+12.40%
31.48
Gross PPE
39.33
-12.36%
44.87
-12.01%
51.00
+18.88%
42.90
Accumulated Depreciation
-21.22
-17.61%
-18.05
-15.58%
-15.61
-36.74%
-11.42
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
5.01
+11.79%
4.48
-10.53%
5.01
+10.90%
4.51
Construction In Progress
2.46
-60.81%
6.29
+156.93%
2.45
+42.68%
1.72
Other Properties
25.60
-8.68%
28.03
-25.14%
37.44
+18.21%
31.67
Leases
6.26
+2.98%
6.08
-0.47%
6.11
+22.14%
5.00
Goodwill And Other Intangible Assets
14.06
+49.91%
9.38
-25.67%
12.62
-1.24%
12.78
Goodwill
4.71
+0.00%
4.71
-27.86%
6.53
+1.97%
6.40
Other Intangible Assets
9.35
+100.24%
4.67
-23.33%
6.09
-4.47%
6.38
Investments And Advances
59.82
+144.12%
24.50
+286.33%
6.34
-72.12%
22.75
Non Current Deferred Assets
10.26
+67.29%
6.13
+101.88%
3.04
+114.92%
1.41
Non Current Deferred Taxes Assets
10.26
+67.29%
6.13
+101.88%
3.04
+114.92%
1.41
Other Non Current Assets
5.44
-71.13%
18.83
+905.98%
1.87
+221.65%
0.58
Total Liabilities Net Minority Interest
50.01
+26.57%
39.51
-2.09%
40.35
-50.51%
81.55
Current Liabilities
36.60
+50.31%
24.35
-16.04%
29.00
-43.89%
51.69
Payables And Accrued Expenses
9.22
+82.82%
5.05
-55.33%
11.29
-62.72%
30.30
Payables
7.03
+152.53%
2.78
-68.70%
8.89
-63.14%
24.12
Accounts Payable
7.03
+152.53%
2.78
-68.70%
8.89
-63.14%
24.12
Current Accrued Expenses
2.20
-2.92%
2.26
-5.87%
2.40
-61.11%
6.18
Pensionand Other Post Retirement Benefit Plans Current
6.60
+40.11%
4.71
-15.47%
5.57
-59.09%
13.62
Current Debt And Capital Lease Obligation
2.82
+11.49%
2.53
-56.71%
5.85
+72.79%
3.38
Current Debt
—
—
2.11
-51.90%
4.39
Other Current Borrowings
—
—
2.11
-51.90%
4.39
Current Capital Lease Obligation
2.82
+11.49%
2.53
-32.25%
3.74
+10.40%
3.38
Other Current Liabilities
17.96
+48.84%
12.06
+91.84%
6.29
+43.22%
4.39
Total Non Current Liabilities Net Minority Interest
13.41
-11.56%
15.16
+33.57%
11.35
-61.98%
29.85
Liabilities Heldfor Sale Non Current
7.47
+16.71%
6.40
—
—
Long Term Debt And Capital Lease Obligation
5.93
-32.24%
8.76
-17.61%
10.63
-63.45%
29.08
Long Term Debt
—
2.23
—
18.67
Long Term Capital Lease Obligation
5.93
-32.24%
8.76
-17.61%
10.63
+2.08%
10.41
Non Current Deferred Liabilities
—
0.16
-77.67%
0.72
-6.85%
0.77
Non Current Deferred Taxes Liabilities
—
0.16
-77.67%
0.72
-6.85%
0.77
Stockholders Equity
256.16
-7.11%
275.76
-12.50%
315.16
+113.55%
147.58
Common Stock Equity
256.16
-7.11%
275.76
-12.50%
315.16
+113.55%
147.58
Capital Stock
0.14
-2.82%
0.14
-7.19%
0.15
+10.87%
0.14
Common Stock
0.14
-2.82%
0.14
-7.19%
0.15
+10.87%
0.14
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
13.84
-2.74%
14.23
-6.72%
15.25
+10.39%
13.82
Ordinary Shares Number
13.84
-2.74%
14.23
-6.72%
15.25
+10.39%
13.82
Additional Paid In Capital
147.38
-7.64%
159.58
-15.22%
188.22
+245.11%
54.54
Retained Earnings
106.91
-7.00%
114.96
-9.72%
127.34
+34.32%
94.80
Gains Losses Not Affecting Retained Earnings
1.73
+60.43%
1.08
+298.35%
-0.54
+71.34%
-1.90
Other Equity Adjustments
1.73
+60.43%
1.08
+298.35%
-0.54
+71.34%
-1.90
Total Equity Gross Minority Interest
256.16
-7.11%
275.76
-12.50%
315.16
+113.55%
147.58
Total Capitalization
256.16
-7.11%
275.76
-12.50%
315.16
+89.57%
166.25
Working Capital
161.88
-21.13%
205.24
-23.20%
267.25
+146.48%
108.43
Invested Capital
256.16
-7.11%
275.76
-13.08%
317.27
+90.84%
166.25
Total Debt
8.76
-22.43%
11.29
-31.49%
16.48
-49.24%
32.46
Net Debt
—
—
—
2.02
Capital Lease Obligations
8.76
-22.43%
11.29
-21.42%
14.37
+4.12%
13.80
Net Tangible Assets
242.10
-9.12%
266.38
-11.95%
302.54
+124.43%
134.80
Tangible Book Value
242.10
-9.12%
266.38
-11.95%
302.54
+124.43%
134.80
Available For Sale Securities
59.82
+144.12%
24.50
+286.33%
6.34
-72.12%
22.75
Inventories Adjustments Allowances
-12.44
+15.44%
-14.71
-117.59%
-6.76
-190.25%
-2.33
Investmentin Financial Assets
59.82
+144.12%
24.50
+286.33%
6.34
-72.12%
22.75
Line Of Credit
—
—
—
4.39
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
26.55
+49.43%
17.77
-27.75%
24.60
+989.28%
2.26
Cash Flow From Continuing Operating Activities
26.55
+49.43%
17.77
-27.75%
24.60
+989.28%
2.26
Net Income From Continuing Operations
6.31
+174.11%
-8.51
-125.25%
33.72
-31.68%
49.36
Depreciation Amortization Depletion
6.12
+3.33%
5.92
+28.92%
4.59
+34.12%
3.43
Depreciation
—
5.82
+18.31%
4.92
+85.68%
2.65
Amortization Cash Flow
—
1.57
+38.92%
1.13
+47.26%
0.77
Depreciation And Amortization
6.12
+3.33%
5.92
+28.92%
4.59
+34.12%
3.43
Amortization Of Intangibles
—
1.57
+38.92%
1.13
+47.26%
0.77
Stock Based Compensation
4.60
+5.07%
4.38
+22.28%
3.58
+52.97%
2.34
Provisionand Write Offof Assets
—
—
0.00
0.00
Deferred Tax
-4.24
-26.38%
-3.36
-67.73%
-2.00
-514.11%
-0.33
Deferred Income Tax
-4.24
-26.38%
-3.36
-67.73%
-2.00
-514.11%
-0.33
Operating Gains Losses
-0.28
-2940.00%
0.01
+233.33%
0.00
-76.92%
0.01
Change In Working Capital
15.83
-33.32%
23.74
+301.37%
-11.79
+77.55%
-52.50
Change In Receivables
-3.55
-154.81%
6.47
-76.11%
27.09
+211.79%
-24.23
Changes In Account Receivables
-3.55
-154.81%
6.47
-76.11%
27.09
+211.79%
-24.23
Change In Inventory
13.64
-48.44%
26.46
+337.40%
-11.14
+74.52%
-43.74
Change In Payables And Accrued Expense
5.56
+2006.82%
0.26
+100.96%
-27.43
-274.03%
15.76
Change In Other Current Assets
0.17
+101.83%
-9.46
-2960.19%
-0.31
-9.57%
-0.28
Investing Cash Flow
-7.05
-33.76%
-5.27
+95.27%
-111.30
-1257.84%
-8.20
Cash Flow From Continuing Investing Activities
-7.05
-33.76%
-5.27
+95.27%
-111.30
-1257.84%
-8.20
Net PPE Purchase And Sale
-3.84
+51.64%
-7.94
-6.73%
-7.44
+18.68%
-9.15
Purchase Of PPE
-4.74
+40.60%
-7.99
-7.34%
-7.44
+18.68%
-9.15
Sale Of PPE
0.90
+1906.67%
0.04
0.00
—
Capital Expenditure
-4.74
+40.60%
-7.99
-7.34%
-7.44
+18.68%
-9.15
Net Investment Purchase And Sale
-3.21
-220.10%
2.67
+102.57%
-103.86
-706.04%
17.14
Purchase Of Investment
-119.07
+25.30%
-159.39
+24.43%
-210.92
-84949.60%
-0.25
Sale Of Investment
115.87
-28.51%
162.06
+51.38%
107.06
+515.78%
17.39
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-16.19
Purchase Of Business
—
0.00
0.00
+100.00%
-16.19
Financing Cash Flow
-17.24
+48.21%
-33.29
-129.35%
113.42
+1106.94%
9.40
Cash Flow From Continuing Financing Activities
-17.24
+48.21%
-33.29
-129.35%
113.42
+1106.94%
9.40
Net Issuance Payments Of Debt
0.00
0.00
+100.00%
-16.70
-208.15%
15.44
Issuance Of Debt
—
2.17
+36.89%
1.59
-90.50%
16.70
Repayment Of Debt
0.00
0.00
+100.00%
-16.70
-1227.50%
-1.26
Long Term Debt Issuance
—
2.17
+36.89%
1.59
-90.50%
16.70
Long Term Debt Payments
0.00
0.00
+100.00%
-16.70
-1227.50%
-1.26
Net Long Term Debt Issuance
0.00
0.00
+100.00%
-16.70
-208.15%
15.44
Short Term Debt Issuance
—
—
—
16.70
Net Short Term Debt Issuance
—
—
—
16.70
Net Common Stock Issuance
-16.55
+50.27%
-33.28
-125.67%
129.65
+15140.95%
-0.86
Common Stock Payments
-17.15
+49.37%
-33.87
-2675.98%
-1.22
+13.23%
-1.41
Repurchase Of Capital Stock
-17.15
+49.37%
-33.87
-2675.98%
-1.22
+13.23%
-1.41
Proceeds From Stock Option Exercised
-0.69
-8512.50%
-0.01
-101.73%
0.46
+108.93%
-5.18
Net Other Financing Charges
—
—
—
-5.18
Changes In Cash
6.37
+129.50%
-21.58
-201.89%
21.18
+512.46%
3.46
Effect Of Exchange Rate Changes
0.98
+1080.00%
-0.10
+90.13%
-1.01
-4120.83%
-0.02
Beginning Cash Position
14.15
-60.51%
35.83
+128.77%
15.66
+18.50%
13.22
End Cash Position
21.49
+51.92%
14.15
-60.51%
35.83
+115.18%
16.65
Free Cash Flow
21.81
+122.89%
9.79
-42.97%
17.16
+349.01%
-6.89
Interest Paid Supplemental Data
0.00
0.00
-100.00%
0.17
+42.86%
0.12
Income Tax Paid Supplemental Data
1.67
+943.75%
0.16
-98.75%
12.76
-7.16%
13.74
Amortization Of Securities
-1.78
+59.67%
-4.41
-25.46%
-3.51
-8261.90%
-0.04
Common Stock Issuance
0.59
+1.54%
0.59
-99.55%
130.87
+23957.54%
0.54
Issuance Of Capital Stock
0.59
+1.54%
0.59
-99.55%
130.87
+23957.54%
0.54
Cash Flow From Discontinued Operation
4.10
+618.46%
-0.79
+85.70%
-5.53
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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