Clearfield (CLFD)
Supplies fiber management, protection, and delivery hardware for broadband network builders.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Lake Street | Target | Target: $41 | Target: $38 |
| Aug 6, 2026 | Needham | Reiterate | Rating: —Target: $45 | Target: $40 |
| May 3, 2026 | Roth Capital | Target | Target: $43 | Target: $44 |
| Nov 26, 2025 | Lake Street | Reiterate | Rating: —Target: $47 | Target: $41 |
| Nov 26, 2025 | Needham | Reiterate | Rating: —Target: $50 | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $101.2M · Total debt $10.3M · Total assets $267.1M · Shareholders' equity $245.9M
- Revenue
- $43.9M
- Operating income
- $2.6M
- Net income
- $3.0M
No dividends on record.
| Institutions | 65.10% | 8.85M shares | |
|---|---|---|---|
| 135 holders · as of Jun 30, 2026 | |||
| Insiders | 17.98% | 2.44M shares | |
| 13 holders · as of Jul 6, 2026 | |||
| Other | 16.92% | 2.30M shares | |
| remainder | |||
13.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Ronald G. Roth1Insiderdirector, 10 percent owner | 10.73% | 1.46M | filed Mar 2, 2026 |
Aigh Capital Management LLCInstitution | 7.42% | 1.01M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.05% | 957,424 | as of Jun 30, 2026 |
Mairs and Power, Inc.Institution | 6.27% | 852,255 | filed May 15, 2025 |
Ack Asset Management LLCInstitution | 5.96% | 810,200 | as of Jun 30, 2026 |
- Ronald G. Roth's transaction reports restate only vehicles that traded; the 2026 ownership statement (1.46M) plus the 2.5K net shares acquired since is used instead.
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 |
- 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
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Clearfield | $31.72 | +2.70% | $419.6M | — | 53.2 | 3.2 | −12.1% |
| Corning | $159.37 | +0.25% | $136.98B | 72.3 | 42.7 | 8.1 | +22.7% |
| Amphenol | $82.30 | +1.96% | $199.05B | 40.4 | 28.0 | 6.9 | +55.0% |
| Nokia (ADR) | $10.54 | −3.70% | $59.11B | 77.4 | 25.0 | 2.5 | +2.3% |
| Vertiv | $253.80 | +1.17% | $96.58B | 56.8 | 32.4 | 8.4 | +24.1% |
| Belden | $112.07 | +1.37% | $4.32B | 18.0 | 12.1 | 1.5 | +11.6% |
| Median | 56.8 | 28.0 | 6.9 | +22.7% |