Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. In addition, the company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. Further, it provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. Additionally, the company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and MSO/cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: seeclearfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $31.00 → $47.00 | Hold → Buy | Lake Street |
| 5/3/2024 | $25.00 → $40.00 | Market Perform → Outperform | Northland Capital |
| 8/4/2023 | $45.00 | Outperform → Market Perform | Northland Capital |
| 5/5/2023 | Buy → Hold | Lake Street | |
| 1/17/2023 | $120.00 | Buy | ROTH Capital |
| 1/4/2023 | $141.00 | Outperform | Cowen |
| 1/19/2022 | $37.00 | Sell | BWS Financial |
| 12/14/2021 | $92.00 | Buy | Needham |
Company returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the Clearfield SegmentCompany focused on executing to opportunity, yet economic uncertainty leads the Company to reiterate fiscal 2025 net sales guidance in the range of $170 million to $185 million MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. Fiscal Q2 2025 Financial Summary (in millions except per share data and percentages)Q2 2025vs. Q2 2024Change Change (%)Net Sales$47.2$36.9$10.328% Gross Profit ($)$14.2$2.8$11.4
MINNEAPOLIS, April 24, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the second quarter of fiscal 2025, ended March 31, 2025, on Thursday, May 8, 2025, after the close of the market. The company will host a conference call at 4:30 p.m. Eastern time (3:30 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, May 8, 2025Time: 4:30 p.m. Eastern time (3:30 p.m. Central time)U.S. dial-in: 1-877-407-0792Interna
Achieves high score honoree status in the optical category including carrier fiber, cable, enclosures, and accessories Clearfield, Inc., (NASDAQ:CLFD), the leader in community broadband fiber connectivity, proudly announces that its FieldSmart® FiberFlex 600 has been named among the best in the industry by the 2025 Lightwave + BTR Innovation Reviews in the Optical Category, which includes Carrier Fiber, Cable, Enclosures, and Accessories. A panel of industry experts from the optical communications and broadband communities awarded Clearfield an outstanding 4.0 high score honoree status, recognizing its leadership in innovation. Lightwave + BTR Editor in Chief Sean Buckley expressed his
Revenue of $35.5 million consistent with expectations and narrower net loss per share of $(0.13), with revenue for the Clearfield segment up 6% year-over-yearGenerated increased revenue from connected homes products, highlighting continued progress toward becoming a comprehensive portfolio supplierExperienced strong quoting activity and initiation of new multi-year projects from customersShare buy-backs totaled $6.2 million with $18.7 million remaining available for future repurchases and cash flow from operations amounted to approximately $7.2 million MINNEAPOLIS, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the
Highlighting innovation and craft-friendly design across all deployment architectures Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the launch of a comprehensive Distributed Test Access Point (TAP) architecture solution to its portfolio, further expanding deployment options for fiber network providers. The new offering highlights Clearfield's commitment to providing flexible, scalable and craft-friendly solutions that simplify fiber deployment in any environment, including rural areas, urban settings, and multi-dwelling units (MDUs), while addressing the growing demand for reliable, high-speed broadband. "Clearfield's strength lies
MINNEAPOLIS, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the first quarter of fiscal 2025, ended December 31, 2024, on Thursday, February 6, 2025, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, February 6, 2025Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-877-407-
Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, will participate in a fireside chat at the Needham Growth Conference on January 14, 2025. The conference will be held at the Lotte New York Palace Hotel in New York City. Clearfield's President and Chief Executive Officer, Cheri Beranek, and Chief Financial Officer, Dan Herzog, are scheduled to present on Tuesday, January 14, at 10:15 a.m. Eastern time. A live webcast, as well as a replay, of the presentation will be available here. About Clearfield, Inc. Clearfield, Inc. (NASDAQ:CLFD) designs, manufactures, and distributes fiber optic management, protection, and delivery products for communications
Ready Connect Terminal Maximizes Aesthetic and Functional Benefits for Any Deployment Environment Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the release of the StreetSmart® Ready Connect™ Terminal (RCT), a small, craft-friendly fiber terminal designed for pedestal applications that supports up to eight drop connections when mid-span is needed. Developed based on the demands of the market and feedback from customers, this innovative terminal addresses key operator needs, such as space constraints, ease of installation, and long-term reliability. It is optimized for small pedestals, such as Clearfield's CraftSmart® FiberFirst™ 6-inc
Q4 Revenue of $46.8 million and net loss per share of $(0.06) in Q4 exceeded guidanceAchieved BABA self-certification recognition from the NTIA, the federal government agency administering BEADRevenue guidance of $170 million to $185 million for fiscal year 2025 MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fourth quarter and fiscal year 2024. Fiscal Q4 2024 Financial Summary (in millions except per share data and percentages)Q4 2024vs. Q4 2023Change Change (%) Net Sales$ 46.8 $49.7 $(2.9)-6% Gross Profit ($)$ 10.7 $12.0 $(1.3)-11% Gross Profit (%) 22.8% 24.1% -1.3%-5% (Loss) Incom
MINNEAPOLIS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced the election of Kate Kelly and Ademir Sarcevic to its Board of Directors, effective December 11, 2024. Kate KellyKate Kelly brings over three decades of experience in the banking industry, having held leadership roles at some of the largest financial institutions in the U.S., including U.S. Bank and PNC. Most recently, as Regional President and Executive Vice President at PNC, she successfully launched and grew PNC's first expansion market, achieving 24% average annual revenue growth. Prior to PNC, Ms. Kelly was the founding President and CE
Lake Street upgraded Clearfield from Hold to Buy and set a new price target of $47.00 from $31.00 previously
Northland Capital upgraded Clearfield from Market Perform to Outperform and set a new price target of $40.00 from $25.00 previously
Northland Capital downgraded Clearfield from Outperform to Market Perform and set a new price target of $45.00
Lake Street downgraded Clearfield from Buy to Hold
ROTH Capital initiated coverage of Clearfield with a rating of Buy and set a new price target of $120.00
Cowen initiated coverage of Clearfield with a rating of Outperform and set a new price target of $141.00
BWS Financial initiated coverage of Clearfield with a rating of Sell and set a new price target of $37.00
Needham initiated coverage of Clearfield with a rating of Buy and set a new price target of $92.00
Northland Capital upgraded Clearfield from Market Perform to Outperform and set a new price target of $36.00 from $30.00 previously
Lake Street Capital reiterated coverage of Clearfield with a rating of Buy and set a new price target of $37.00 from $25.00 previously
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Company returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the Clearfield SegmentCompany focused on executing to opportunity, yet economic uncertainty leads the Company to reiterate fiscal 2025 net sales guidance in the range of $170 million to $185 million MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. Fiscal Q2 2025 Financial Summary (in millions except per share data and percentages)Q2 2025vs. Q2 2024Change Change (%)Net Sales$47.2$36.9$10.328% Gross Profit ($)$14.2$2.8$11.4
MINNEAPOLIS, April 24, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the second quarter of fiscal 2025, ended March 31, 2025, on Thursday, May 8, 2025, after the close of the market. The company will host a conference call at 4:30 p.m. Eastern time (3:30 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, May 8, 2025Time: 4:30 p.m. Eastern time (3:30 p.m. Central time)U.S. dial-in: 1-877-407-0792Interna
Revenue of $35.5 million consistent with expectations and narrower net loss per share of $(0.13), with revenue for the Clearfield segment up 6% year-over-yearGenerated increased revenue from connected homes products, highlighting continued progress toward becoming a comprehensive portfolio supplierExperienced strong quoting activity and initiation of new multi-year projects from customersShare buy-backs totaled $6.2 million with $18.7 million remaining available for future repurchases and cash flow from operations amounted to approximately $7.2 million MINNEAPOLIS, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the
MINNEAPOLIS, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that it will release results for the first quarter of fiscal 2025, ended December 31, 2024, on Thursday, February 6, 2025, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with a shareholder letter. Date: Thursday, February 6, 2025Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-877-407-
Q4 Revenue of $46.8 million and net loss per share of $(0.06) in Q4 exceeded guidanceAchieved BABA self-certification recognition from the NTIA, the federal government agency administering BEADRevenue guidance of $170 million to $185 million for fiscal year 2025 MINNEAPOLIS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fourth quarter and fiscal year 2024. Fiscal Q4 2024 Financial Summary (in millions except per share data and percentages)Q4 2024vs. Q4 2023Change Change (%) Net Sales$ 46.8 $49.7 $(2.9)-6% Gross Profit ($)$ 10.7 $12.0 $(1.3)-11% Gross Profit (%) 22.8% 24.1% -1.3%-5% (Loss) Incom
MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its fourth quarter ended September 30, 2024, results will be released on Thursday, November 7, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, November 7, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Cen
Revenue of $48.8 million and net loss per share of $(0.04) exceeded guidance Outperformance driven by strong sales in International and Community Broadband markets Share buy-backs totaled $5.5 million with $25 million remaining available for repurchases MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal third quarter 2024. Fiscal Q3 2024 Financial Summary (in millions except per share data and percentages)Q3 2024 vs. Q3 2023 Change Change (%)Net Sales$ 48.8 $61.3 $(12.5) -20% Gross Profit ($)$ 10.7 $19.1 $(8.4
MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its third quarter ended June 30, 2024, results will be released on Thursday, August 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S.
Revenue of $36.9 million and net loss per share of $(0.40) - both above the high end of their respective guidance rangesBacklog increased sequentially driven by strength in Community BroadbandBoard of Directors increased share repurchase program authorization from $40 million to $65 million MINNEAPOLIS, May 02, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter 2024. Fiscal Q2 2024 Financial Summary (in millions except per share data and percentages)Q2 2024vs. Q2 2023Change Change (%)Net Sales$ 36.9 $71.8 $(34.9) -49% Gross Profit ($)$ 2.8 $23.6 $(20.7) -88%Gross Profit (%) 7.7% 32.8% -25.1% -77%
MINNEAPOLIS, April 19, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its second quarter ended March 31, 2024, results will be released on Thursday, May 2, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, May 2, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S
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Leadership transition sets the stage for continued growth and innovation in fiber broadband solutions Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced a strategic leadership transition, appointing Anis Khemakhem as Chief Marketing Officer (CMO) effective January 1, 2025. Khemakhem, who joined Clearfield earlier this year as Vice President of Global Technology Platforms, brings with him over 25 years of industry experience, with diverse leadership skills. Khemakhem will drive the company's marketing strategy, spearhead efforts to expand into new markets, and identify new product opportunities to support business growth initiatives both w
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t