olivLaw · US equity research
Clearfield, Inc. CLFD
Telephone & Telegraph Apparatus · SIC 3661 · Vertical: Telephone & Telegraph Apparatus (SIC 3661)
Clearfield designs, manufactures and distributes fiber protection, management and delivery products, used mainly by broadband service providers in North America. Net sales from continuing operations reached 150.134 mn USD in fiscal 2025, while the quarter ended June 2026 showed sales growth alongside a 34% drop in order backlog.
At the close of 04 Nov 2026, Clearfield, Inc. (CLFD) stock was 32.88 USD (+0.86% on the day), with market capitalisation 446.6 m USD, beta 1.53, 52-week range 26.00–51.26 USD. Latest reported quarter (Q3 2026): revenue of 43.9 m USD (+13.2% YoY), net income of 3.0 m USD (+86.8% YoY), diluted EPS 0.22 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 57.9
- strong (55–70)
- Bollinger (20, 2)
- 27.22 – 34.85
- in the upper half of the band · %B 0.74 · band width 24.6%
- SMA 50 / 200
- 30.61 / 32.48
- mixed trend
- MACD (12, 26, 9)
- 0.37 / 0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −0.8% | −1.1% | +0.3 pp | — |
| 3 months | −2.6% | −0.5% | −2.2 pp | — |
| 6 months | +8.6% | +4.4% | +4.2 pp | — |
| Year to date | +12.8% | +12.3% | +0.5 pp | — |
| 1 year | −2.3% | +13.5% | −15.9 pp | −25.6% |
| 3 years | +26.9% | +76.4% | −49.5 pp | −26.6% |
| 5 years | −48.2% | +63.7% | −111.8 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.6 m | 29.7 m | 40.6 m | 38.8 m | 41.1 m | 34.3 m | 34.4 m | 43.9 m |
| Cost of revenue | -2.0 m | 21.0 m | 26.7 m | 25.1 m | 26.8 m | 23.0 m | 23.2 m | 29.9 m |
| Gross profit | 7.6 m | 8.7 m | 14.0 m | 13.7 m | 14.2 m | 11.4 m | 11.2 m | 13.9 m |
| SG&A | 6.7 m | 10.7 m | 12.3 m | 12.1 m | 13.3 m | 13.2 m | 13.2 m | 11.4 m |
| Operating income | 975.0 k | -2.0 m | 1.7 m | 1.5 m | 954.0 k | -1.8 m | -2.1 m | 2.6 m |
| Depreciation & amortisation | 443.0 k | 1.5 m | 1.9 m | 1.9 m | 1.4 m | 1.6 m | 1.6 m ≈ | 1.6 m ≈ |
| Interest expense | 125.0 k | 100.0 k | 69.0 k | 106.0 k | — | — | — | — |
| Pre-tax income | 3.2 m | -302.0 k | 3.3 m | 3.1 m | 2.6 m | -278.0 k | -704.0 k | 3.9 m |
| Income tax | 63.0 k | 53.0 k | 722.0 k | 787.0 k | 795.0 k | -1.0 k | -176.0 k | 934.0 k |
| Net income | -827.0 k | -1.9 m | 1.3 m | 1.6 m | -9.1 m | -614.0 k | -528.0 k | 3.0 m |
| Diluted EPS | -0.06 ≈ | -0.13 | 0.09 | 0.11 | -0.66 ≈ | -0.04 | -0.04 | 0.22 |
| Operating cash flow | 13.1 m | 7.2 m | 3.0 m ≈ | 7.9 m ≈ | — | — | — | — |
| Capex | 4.0 m | 2.1 m | 2.4 m | 407.0 k | 263.0 k | 988.0 k | 1.0 m ≈ | 910.0 k ≈ |
| Share repurchases | 0 | 6.3 m | 4.7 m ≈ | 5.7 m ≈ | -12.0 k | 5.3 m | 7.3 m ≈ | 897.0 k ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77.7 m | 85.0 m | 93.1 m | 140.8 m | 270.9 m | 225.7 m | 125.6 m | 150.1 m |
| Revenue YoY | +5.0% | +9.5% | +9.5% | +51.2% | +92.5% | −16.7% | −44.4% | +19.6% |
| Net income | 4.3 m | 4.6 m | 7.3 m | 20.3 m | 49.4 m | 32.5 m | -12.5 m | -8.1 m |
| Net income YoY | +11.1% | +6.8% | +59.7% | +178.7% | +142.8% | −34.1% | −138.3% | unavailable |
| Diluted EPS | 0.32 | 0.34 | 0.53 | 1.47 | 3.55 | 2.17 | -0.85 | -0.58 |
| Diluted EPS YoY | +14.3% | +6.3% | +55.9% | +177.4% | +141.5% | −38.9% | −139.2% | unavailable |
| net % | 5.5% | 5.4% | 7.8% | 14.4% | 18.2% | 14.4% | -9.9% | -5.4% |
| Free cash flow | 3.4 m | 12.2 m | 4.8 m | 8.9 m | -6.2 m | 10.7 m | 12.7 m | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 30 Sept 2025
- Cash
- 21.5 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 256.2 m USD
- Total assets
- 306.2 m USD
- Debt / equity
- unavailable
- Current ratio
- 5.42x
- ROE
- -3.0%
- ROA
- -2.6%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 93.1 m | 140.8 m | 270.9 m | 225.7 m | 125.6 m | 150.1 m | SEC (XBRL)· 25 Nov 2025verified |
| Cost of revenue | 55.2 m | 79.6 m | 157.9 m | 145.9 m | 99.7 m | 99.6 m | SEC (XBRL)· 25 Nov 2025verified |
| Gross profit | 37.9 m | 61.2 m | 112.9 m | 79.9 m | 25.8 m | 50.5 m | SEC (XBRL)· 25 Nov 2025verified |
| Research & development | 1.3 m | 243.0 k | 895.0 k | 3.1 m | 3.0 m | 2.4 m | SEC (XBRL)· 25 Nov 2025verified |
| SG&A | 29.5 m | 35.9 m | 49.1 m | 42.3 m | 45.1 m | 48.4 m | SEC (XBRL)· 25 Nov 2025verified |
| Operating income | 8.4 m | 25.2 m | 63.8 m | 37.6 m | -19.2 m | 2.1 m | SEC (XBRL)· 25 Nov 2025verified |
| Depreciation & amortisation | 2.4 m | 2.3 m | 3.4 m | 4.6 m | 5.9 m | 6.1 m | SEC (XBRL)· 25 Nov 2025verified |
| EBITDA | 10.8 m ≈ | 27.5 m ≈ | 67.2 m ≈ | 42.2 m ≈ | -13.3 m ≈ | 8.2 m ≈ | SEC (XBRL)· 25 Nov 2025derived |
| Interest expense | — | — | 311.0 k | 881.0 k | 506.0 k | — | SEC (XBRL)· 15 Nov 2024verified |
| Pre-tax income | 9.2 m | 25.7 m | 63.8 m | 42.6 m | -11.8 m | 8.7 m | SEC (XBRL)· 25 Nov 2025verified |
| Income tax | 1.9 m | 5.4 m | 14.5 m | 8.9 m | -3.2 m | 2.4 m | SEC (XBRL)· 25 Nov 2025verified |
| Net income | 7.3 m | 20.3 m | 49.4 m | 32.5 m | -12.5 m | -8.1 m | SEC (XBRL)· 25 Nov 2025verified |
| Diluted EPS | 0.53 | 1.47 | 3.55 | 2.17 | -0.85 | -0.58 | SEC (XBRL)· 25 Nov 2025verified |
| Weighted average diluted shares | 13.6 m | 13.8 m | 13.9 m | 15.0 m | 14.6 m | 14.0 m | SEC (XBRL)· 25 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 16.4 m | 13.2 m | 16.7 m | 37.8 m | 14.1 m | 21.5 m | SEC (XBRL)· 25 Nov 2025verified |
| Receivables | 10.5 m | 19.4 m | 53.7 m | 28.4 m | 13.8 m | 18.0 m | SEC (XBRL)· 25 Nov 2025verified |
| Inventories | 14.4 m | 27.5 m | 82.2 m | 98.1 m | 56.1 m | 42.0 m | SEC (XBRL)· 25 Nov 2025verified |
| Current assets | 52.5 m | 71.5 m | 160.1 m | 296.3 m | 229.6 m | 198.5 m | SEC (XBRL)· 25 Nov 2025verified |
| Property, plant & equipment, net | 5.0 m | 5.0 m | 18.2 m | 21.5 m | 15.9 m | 9.7 m | SEC (XBRL)· 25 Nov 2025verified |
| Goodwill | 4.7 m | 4.7 m | 6.4 m | 6.5 m | 6.6 m | 4.7 m | SEC (XBRL)· 25 Nov 2025verified |
| Intangibles (excl. goodwill) | 5.0 m | 4.7 m | 6.4 m | 6.1 m | 4.7 m | 9.4 m | SEC (XBRL)· 25 Nov 2025verified |
| Total assets | 95.3 m | 125.9 m | 229.1 m | 355.5 m | 315.3 m | 306.2 m | SEC (XBRL)· 25 Nov 2025verified |
| Accounts payable | 3.7 m | 9.2 m | 24.1 m | 8.9 m | 2.8 m | 7.0 m | SEC (XBRL)· 25 Nov 2025verified |
| Short-term debt | — | — | 0 | 2.1 m | 0 | — | SEC (XBRL)· 15 Nov 2024verified |
| Long-term debt | — | 0 | — | — | 2.2 m | — | SEC (XBRL)· 07 Feb 2025verified |
| Current liabilities | 10.4 m | 20.5 m | 51.7 m | 29.0 m | 24.4 m | 36.6 m | SEC (XBRL)· 25 Nov 2025verified |
| Total liabilities | 12.5 m | 22.1 m | 81.5 m | 40.4 m | 39.5 m | 50.0 m | SEC (XBRL)· 25 Nov 2025verified |
| Equity | 82.8 m † | 103.8 m † | 147.6 m † | 315.2 m † | 275.8 m † | 256.2 m † | SEC (XBRL)· 25 Nov 2025verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 6.7 m | 10.9 m | 2.3 m | 18.4 m | 22.2 m | — | SEC (XBRL)· 15 Nov 2024verified |
| Capex | 1.8 m | 2.0 m | 8.5 m | 7.7 m | 9.6 m | 4.7 m | SEC (XBRL)· 25 Nov 2025verified |
| Free cash flow | 4.8 m ≈ | 8.9 m ≈ | -6.2 m ≈ | 10.7 m ≈ | 12.7 m ≈ | — | SEC (XBRL)· 15 Nov 2024derived |
| Investing cash flow | -41.0 k | -13.6 m | -8.2 m | -112.2 m | -6.9 m | — | SEC (XBRL)· 15 Nov 2024verified |
| Financing cash flow | -247.0 k | -536.0 k | 9.4 m | 115.0 m | -36.9 m | — | SEC (XBRL)· 15 Nov 2024verified |
| Share repurchases | 429.0 k | 0 | 0 | 0 | 33.4 m | 16.7 m | SEC (XBRL)· 25 Nov 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 446.6 m USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 33.0% | 0 (on a fixed band) | 14% |
| EBIT margin · Quality | -0.2% | 33 (vs peers) | 11% |
| FCF margin · Quality | 18.2% | 73 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | -17.9% | 0 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 19.6% | 83 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 12.5x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 6.3% | 100 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 3.0% | 84 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth28/100 · 2/2 factors with a value
- Quality33/100 · 3/3 factors with a value
- Returns84/100 · 1/1 factors with a value
- Valuation· partial100/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
CLEARFIELD, INC. (CLFD). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 150.1 m USD in 2025; YoY growth 19.6%; net margin -4.7%; ROE -2.8%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF margin: 18.2%
- Revenue growth (YoY): 19.6%
- Current ratio: 12.5x
- FCF yield: 6.3%
- Shareholder yield (distributions): 3.0%
What contradicts it
- Gross margin: 33.0%
- Revenue CAGR 3Y: -17.9%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Telephone & Telegraph Apparatus (SIC 3661) · same industry (4-digit SIC) · compared with 7 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CIENCiena Corp | 38.6 bn | 60.7 | 22.4% | 10.9% | +18.8% | +33% / +494% |
| FNFabrinet | 12.2 bn | 25.8 | 21.0% | 9.4% | +35.7% | −26% / +111% |
| CLFDClearfield, Inc. | 446.6 m | — | -2.8% | -4.7% | +19.6% | −2% / +27% |
| ADTNADTRAN Holdings, Inc. | 385.4 m | — | -17.4% | -2.3% | +17.5% | −40% / −10% |
| AUDCAudiocodes Ltd. | 219.2 m | 26.1 | 4.9% | 3.6% | +1.4% | −10% / −29% |
| FKWLFranklin Wireless Corp. | 25.0 m | — | -14.9% | -13.0% | −20.8% | −52% / −27% |
| CLROClearone Inc | 13.4 m | — | -275.7% | — | unavailable | −5% / −59% |
| SONMDNA X, Inc. | 3.8 m | — | — | -14.5% | −37.7% | −55% / −98% |
1- and 3-year price returns: for CLFD from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Clearfield designs, manufactures and distributes fiber protection, management and delivery products, used mainly by broadband service providers in North America. Net sales from continuing operations reached 150.134 mn USD in fiscal 2025 1, while the quarter ended June 2026 showed sales growth alongside a 34% drop in order backlog 2.
SWOT
Strengths
- The company offers quick-turn customized products and holds a balance sheet with substantial liquidity that allows growth investment 13.
- The plug-and-play platform and granted patents support a differentiated position in rapid fiber installation 1.
- Inventory recoveries and tariff refunds helped gross margin in certain quarters 12.
Weaknesses
- Reliance on a few large distributors and on single-source suppliers for some components exposes the company to disruptions and customer loss 1.
- Gross margin fell in the third quarter of fiscal 2026 because of inventory charges tied to a cancelled order 3.
- The order backlog shrank significantly in the quarter ended June 2026, which limits visibility into future sales 2.
Opportunities
- Data center projects could open a new revenue line if the first order is followed by repeat orders 3.
- Continued FTTH expansion and fiber connectivity for wireless networks could support demand over the medium term 1.
- The share repurchase program, with authorization remaining, gives an option for deploying surplus capital 3.
Threats
- Larger competitors with greater financial and manufacturing resources could push prices down and erode market share 1.
- Changes in trade policy and tariffs could raise the cost of imported materials and pressure margins 1.
- Consolidation among customers could lead to postponed orders or the choice of a competing vendor 1.
Risks
- Dependence on large distributorshigh
A small number of distributors account for a major share of sales, and losing them could hurt revenue and margins 1.
- No purchase commitments from customersmedium
Customers order from time to time without contracts obliging future purchases, which makes sales less predictable 1.
- Fiber and component supplymedium
Single-source suppliers and fiber optic limitations could delay deliveries and raise costs 13.
- Cancelled order and inventory exposuremedium
Cancelling a large order led to inventory charges and lower gross margin, and similar situations could recur 23.
- Tariff policylow
Tariffs and regulatory changes could raise production costs or reduce the attractiveness of certain markets 1.
Investment thesis
What would need to be true (bull case)
- If the data center order turns into recurring shipments, the company could diversify its revenue beyond the traditional broadband market 3.
- A strong balance sheet and cash generation provide flexibility for investment and share repurchases 3.
- If demand in regional and cable segments stabilizes, margins could return toward levels seen in fiscal 2025 13.
What would break the thesis
- A lower annual outlook and a shrinking order backlog could signal weaker demand than previously expected 23.
- Customer concentration and competition from larger groups could limit growth and bargaining power 1.
- If inventory charges and uncertain demand persist, gross margin could stay below earlier levels 3.
What to watch
- Shipments under the data center order and the start of deliveries2027
- Development of order backlog and gross marginQ4 2026
- Effect of tariff changes and fiber supply constraintsQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Clearfield, Inc. designs, manufactures and distributes fiber protection, management and delivery products aimed mainly at broadband service providers in North America 1. Its products are meant to lower the cost and speed up the deployment of FTTH networks, using factory-terminated connectors and plug-and-play solutions. Final build and assembly takes place at plants in Brooklyn Park, Minnesota and Tijuana, Mexico, under a maquiladora arrangement 1. The company has sold its Nestor Cables business, which now appears as discontinued operations, leaving one continuing reportable segment 2.
Customers include Tier 2 and 3 telcos, utilities and municipalities, cable operators (MSOs), large regional providers and national carriers. Sales go direct through the company's sales force and through authorized distributors, and two distributors together accounted for a significant share of net sales in fiscal 2025 1. Seasonality is typical: the first two fiscal quarters are usually weaker, with sales peaking in the third and fourth quarters 1.
The company holds 63 granted patents and had about 243 full-time employees at September 30, 2025 1. Its balance sheet is solid, with combined cash and investments of 165.799 mn USD at the end of fiscal 2025 1. After the third quarter of fiscal 2026, management reported a first significant order for a hyperscale data center project, with shipments expected to begin in early fiscal 2027 3.
Segments
Fiber and broadband (single segment)
The company reports one operating segment, covering FTTH products, FieldSmart enclosures, active cabinets and FieldShield pathway solutions for broadband networks 1.
Data center connectivity
The recent 22 mn USD order for a hyperscale data center project points to an extension of the offer toward data center connectivity, though no separate reporting exists for this activity yet 3.
Market context
The company operates in fiber connectivity for broadband providers in the United States, with limited extension into Canada, the Caribbean, Central and South America and Mexico 1. Demand from large regional customers and cable operators grew in fiscal 2025 1, but in the third quarter of fiscal 2026 industry demand constraints led management to lower the annual sales outlook to 151-155 mn USD 3.
The market is highly competitive, with price, lead times and customization weighing heavily. The company sees an advantage with customers who need quick-turn customized products, and a disadvantage with those seeking high-volume commodity products 1.
Trends
- FTTH network build-out and fiber demandtailwind
Broadband operators keep investing in fiber to the home, which supports demand for the company's products 1.
- Data center connectivitytailwind
A first major order for a data center project could open a new market if such projects become recurring 3.
- Demand and fiber supply constraintsheadwind
Management pointed to weaker demand and possible optical fiber supply constraints, factors that could affect results in the fourth quarter 3.
- Tariffs and trade policymixed
Tariff changes can raise the cost of imported components, but tariff refunds also appeared in the third quarter of fiscal 2026, and their recurrence is not assured 12.
Competitive position
Competition is intense and comes mainly from larger manufacturers with greater sales, marketing and engineering resources. Rivals for FieldSmart products include Corning, OFS, AFL, Fujikura, Nokia, Hexatronics, Amphenol and CommScope, while Vertiv, Charles Industries and PPC, a Belden subsidiary, compete in active cabinets and FieldShield 1.
Larger competitors may procure components and labor at lower prices or offer products below market prices, which could reduce the company's ability to compete effectively 1.
- Corning Cabling SystemsGLW
Major supplier of fiber cabling systems, named as a competitor to the FieldSmart product lines 1.
- CommScopeCOMM
Competitor in FieldSmart fiber management and protection products 1.
- AmphenolAPH
Competes both in FieldSmart products and in active cabinets through its Charles Industries subsidiary 1.
- VertivVRT
Competes in CraftSmart and FiberFlex active cabinets through its Emerson Network Power subsidiary 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report20 Oct 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report06 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Current report28 Jul 2026Material agreement · Financial statements and exhibits
- Quarterly report07 May 2026
- Current report06 May 2026Results of operations · Financial statements and exhibits
- Current report30 Apr 2026Material agreement · Financial statements and exhibits
- Current report27 Feb 2026Shareholder vote
- Quarterly report09 Feb 2026
- Current report04 Feb 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-09-30 · SEC / Clearfield, Inc. · 25 Nov 2025
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Clearfield, Inc. · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Clearfield, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.