Clearfield
Supplies fiber management, protection, and delivery hardware for broadband network builders.
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Profile
Sells fiber distribution systems, optical components, outside-plant cabinets, and cable assemblies for broadband service providers. The business is now one continuing segment after the Nestor Cables sale, with demand tied mainly to North American fiber deployments.
Builds fiber protection, management, and delivery products used in fiber-fed broadband deployments. FieldSmart, FieldShield, CraftSmart, StreetSmart, WaveSmart, FiberDeep, YOURx, and NOVA cover cassettes, cabinets, terminals, optical components, cable assemblies, and high-density patching.
Customer markets include community broadband providers, cable operators, regional service providers, national carriers, and international customers. Geography is primarily North American, with international exposure centered on Europe, Canada, Mexico, and Caribbean markets.
Execution centers on craft-friendly designs that reduce field labor, protect fiber pathways, and let providers scale builds as take rates develop. The post-Nestor structure is one continuing segment, and the business depends on broadband capital deployment and distributor relationships.
Company facts
Key statistics
Year to date +0.3% · Average volume (30d) 220.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Lake Street | Target | $41 | $38 | ||
| Aug 6, 2026 | Needham | Reiterate | Buy | $45 | $40 | |
| May 3, 2026 | Roth Capital | Target | $43 | $44 | ||
| Nov 26, 2025 | Lake Street | Reiterate | Buy | $47 | $41 | |
| Nov 26, 2025 | Needham | Reiterate | Buy | $50 | $45 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q3 FY26 | $0.19 | $0.22 | +14.3% | $43.9M | $43.9M | −0.1% | −21.05% |
| May 6, 2026Q2 FY26 | −$0.04 | −$0.04 | 0.0% | $33.6M | $34.4M | +2.4% | +23.81% |
| Feb 4, 2026Q1 FY26 | −$0.04 | −$0.02 | +50.0% | $31.7M | $34.3M | +8.3% | −4.56% |
| Nov 25, 2025Q4 FY25 | $0.09 | $0.13 | +44.4% | $39.9M | $17.6M | −55.9% | +1.57% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $47.2M | $49.9M | $17.6M | $34.3M | $34.4M | $43.9M | |
| Gross profit | $14.2M | $15.2M | $12.9M | $11.4M | $11.2M | $13.9M | |
| Operating income | $262.0K | $1.5M | $4.3M | −$1.8M | −$2.1M | $2.6M | |
| Net income | $1.3M | $1.6M | −$9.1M | −$614.0K | −$528.0K | $3.0M | |
| Diluted EPS | $0.09 | $0.12 | −$0.65 | −$0.04 | −$0.04 | $0.22 | |
| Gross margin | 30.1% | 30.5% | 73.5% | 33.2% | 32.5% | 31.8% | |
| Operating margin | 0.6% | 3.0% | 24.6% | -5.3% | -6.0% | 5.9% |
Fiscal years (4-quarter sums)FY21 $140.8M · FY22 $270.9M · FY23 $268.7M · FY24 $166.7M · FY25 $144.4M
Balance sheet, Jun 30, 2026Cash & short-term investments $101.2M · Total debt $10.3M · Total assets $267.1M · Shareholders' equity $245.9M
Dividends
No dividends on record.
Ownership
Shares outstanding 13.59M · Float 11.15M · 82.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ronald G. Roth · director, 10 percent owner: | 1.28M | 9.43% | Form 4 | Mar 2, 2026 |
| Aigh Capital Management LLC | 1.01M | 7.42% | 13F | Aug 7, 2026 |
| Orin Hirschman | 1.01M | 7.40% | 13G | Jul 27, 2026 |
| BlackRock, Inc. | 957.4K | 7.05% | 13F | Aug 7, 2026 |
| Ack Asset Management LLC | 810.2K | 5.96% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Cheryl Beranek | director, officer: Chief Executive Officer | −1,778 | $40.06 |
| Jun 9, 2026 | Anis Khemakhem | officer: Chief Commercial Officer | −1,684 | $39.90 |
| Jun 1, 2026 | Cheryl Beranek | director, officer: Chief Executive Officer | −7,500 | $46.92 |
| May 27, 2026 | Cheryl Beranek | director, officer: Chief Executive Officer | −2,500 | $50.00 |
| May 11, 2026 | Walter Louis JR Jones | director | −2,391 | $46.05 |
Peers
- Corning
Broad fiber-connectivity overlap across broadband networks
- Amphenol
Competes through broadband, enclosure, and CommScope CCS assets
- Nokia (ADR)
Fiber broadband access portfolio overlaps network-build programs
- Vertiv
Outdoor telecom enclosures compete with active cabinet lines
- Belden
PPC Broadband competes in FieldShield-adjacent connectivity
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clearfield | $29.53 | −0.14% | $401.3M | — | 49.6 | 3.1 | −12.1% |
| Corning | $148.68 | −0.11% | $128.23B | 67.7 | 39.9 | 7.6 | +22.7% |
| Amphenol | $158.44 | +0.46% | $194.49B | 39.4 | 26.9 | 6.7 | +55.0% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| Vertiv | $259.11 | +0.86% | $98.97B | 58.2 | 32.8 | 8.6 | +24.1% |
| Belden | $115.00 | −0.15% | $4.50B | 18.7 | 12.4 | 1.6 | +11.6% |
| Median | 58.2 | 26.9 | 6.7 | +22.7% |