Clearfield, Inc. (CLFD) Stock

Clearfield, Inc. (CLFD) is a Technology stock trading at $27.57 (as of 2026-08-20), with a market capitalization of $374.66M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Clearfield, Inc. designs and sells passive fiber connectivity products, including custom and standard enclosures and components used in fiber-to-the-premises and enterprise networks. Its offerings include FieldSmart and related fiber management products, optical components for signal coupling and termination, and hardened terminals and drop-cable options for access networks, sold to carriers, enterprises, and OEM customers in the U.S. and internationally.

Understand Clearfield, Inc.: how it makes money

Clearfield manufactures and sells passive fiber connectivity products, including FieldSmart panels and enclosures and WaveSmart optical components, and it earns money by selling these products to fiber-to-the-premises, enterprise, and original equipment manufacturer markets.

Clearfield’s profit engine is tied to fiber network buildouts and equipment demand, with near-term order momentum reflected in Book-to-Bill Ratio and monetization influenced by customer deployment usage reflected in Take Rate and the Connected Homes Revenue Mix Percentage.

Revenue by segment (latest quarter)
Clearfield$0.0B
Nestor$0.0B

Business quality (Weak): Clearfield sells specialized fiber connectivity hardware, but the latest quarter shows negative operating margin, so investors should focus on whether order momentum and deployment usage translate into improved profitability.

Bull case

  • Order momentum signal: Book-to-Bill Ratio is above 1.0 (1.3), which suggests new orders are outpacing revenue.
  • Product scope across a fiber management platform: The company offers FieldSmart enclosures and WaveSmart optical components, which can support more integrated solutions within a fiber management platform.

Bear case

  • Profitability risk in the latest quarter: Operating margin was negative (-6.0%) in the latest reported quarter, indicating the business did not cover operating costs from revenue.
  • Revenue is exposed to broadband and deployment timing: Key program-related metrics provided (approved proposals and approved award process states) highlight that fiber and broadband deployment pipelines can be policy and timeline sensitive, which can affect demand cycles.
Valuation — source: SEC EDGAR (first-party)
Price$27.57
Market Cap$374.66M
EV / EBITDA40.9
Price / Book1.54
Price / Sales2.75
FCF Yield1.2%
DCF Value (model)$1.81
DCF Upside vs Price-93.4%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$150.13M
Net Margin-5.4%
Revenue Growth (YoY)-27.1%
EPS Growth (YoY)-144.4%
Financial Health — source: SEC EDGAR
Altman Z-Score6.21 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($27.63M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryElectronic Equipment
CEOCheryl Beranek
Employees400
CountryUS
IPO Date1986-08-06

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CLFD earnings history · CLFD institutional & insider holders · CLFD KPIs & operating metrics · CLFD financials · CLFD investor presentations & press releases · CLFD SEC filings · CLFD peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.