Clearfield's quality sits below the engine's floor amid declining revenue, notable insider selling, and an elevated put/call ratio, though the recent RSI pullback is framed by the engine as a buying opportunity within an ongoing uptrend.
Thesis pillars
- Declining Revenue→Stable
- Quality Below Floor Value Trap↓Deteriorating
- Notable Insider Selling→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Nov 25, 2025
Clearfield, Inc. (CLFD) Stock Analysis
Technology · Communication Equipment
Hold if already holding. Not a fresh buy at $28.85, but acceptable to hold if already in. Reason: Market cap $392M below $400M minimum.
Clearfield designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery products that speed up fiber network deployment for broadband service providers, primarily across North America. The company builds most of its products at plants in Brooklyn... Read more
Hold if already holding. Not a fresh buy at $28.85, but acceptable to hold if already in. Reason: Market cap $392M below $400M minimum. Chart setup: No clear chart pattern; technical signals are mixed. Market cap $392M below $400M minimum. Not in investable universe. Score 5.2/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: speculative.
About Clearfield, Inc.
About Clearfield, Inc.
Clearfield generated net sales primarily from fiber management, fiber protection, and fiber delivery products for the broadband industry, following its November 2025 divestiture of the Nestor Cables business, which leaves the company with a single reportable segment. The company builds and assembles most of its products at plants in Brooklyn Park, Minnesota and Tijuana, Mexico, employing approximately 243 full-time U.S. workers plus roughly 375 contracted Maquiladora personnel in Mexico as of September 30, 2025.
Clearfield sells across five customer categories — national Tier 1 carriers, Community Broadband providers (Tier 2/3 telcos, utilities and municipalities), large regional ILECs, cable multiple-system operators, and international customers in Canada, the Caribbean and Latin America — through a mix of direct sales, distributors and manufacturing representatives. Two distributor customers, identified only as Customer A and Customer B, accounted for approximately 18% and 13% of net sales in fiscal 2025, both down slightly from the prior year. The company competes against larger, better-resourced suppliers including Corning, OFS, AFL Telecommunications, Nokia and CommScope, and describes its edge as serving customers who value the cost savings of its Clearview Cassette design and quick-turn, customized products over large-volume commodity buyers. Some critical components, including injected molded parts, cabling and optical connectors, come from single- or limited-source suppliers, and a portion of final assembly work in Mexico depends on personnel contracted through a single Maquiladora services provider.
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Clearfield's own risk factors flag a concentrated dependency structure on both ends of its supply chain: it warns that it relies on single-source suppliers for critical components such as connectors and optical parts, and separately discloses contracting with a single company to provide the personnel who complete final build and assembly of a significant portion of its products at the Tijuana, Mexico Maquiladora facility. On the demand side, the loss of either top distributor customer, which together represented roughly 31% of fiscal 2025 net sales, would, in the company's own assessment, likely be redirected through other channels, though management concedes there is no assurance such a transition would avoid harming sales or gross margins.
See also: Technology · Communication Equipment
From Clearfield, Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-10-27Recent Developments — Clearfield, Inc.
Latest news
- NEWS Clearfield, Inc. Announces CEO Succession Plan — fiscal.ai Oct 20, 2026
- NEWS Clearfield Now Expects Q4 And FY26 Financial Results To Be In-Line With Prior Guidance — benzinga Oct 20, 2026
- NEWS Clearfield Says Cheri Beranek To Retire As President And CEO, Effective March 31, 2027 — benzinga Oct 20, 2026
Generated 2026-10-27T11:58:33Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Volatile — 5.3% daily ATR makes tight stops impractical. Position-size conservatively.static
Unprofitable operations — net margin -4.7%. Quality floor flags this regardless of sector context.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $28.85, but acceptable to hold if already in. Reason: Market cap $392M below $400M minimum. Chart setup: No clear chart pattern; technical signals are mixed. Market cap $392M below $400M minimum. Not in investable universe. Analyst target $34.21 (+18.6%), stop $26.83 (−7.5%), A.R:R 1.8:1. Score 5.2/10, moderate confidence.
Analyst target: $34.21 (+18.6% upside). Analyst target $34.21 (+18.6%), stop $26.83 (−7.5%), A.R:R 1.8:1. Stop-loss: $26.83.
Market cap $392M below $400M minimum.
Clearfield, Inc. trades at a P/E of 53.4 (forward 32.2). TrendMatrix value score: 6.4/10. Verdict: Hold.
10 analysts cover CLFD with a consensus score of 4.1/5. Average price target: $40.
What does Clearfield, Inc. do?Clearfield designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery products that...
Clearfield designs, manufactures, and distributes fiber protection, fiber management, and fiber delivery products that speed up fiber network deployment for broadband service providers, primarily across North America. The company builds most of its products at plants in Brooklyn Park, Minnesota and Tijuana, Mexico, selling to national carriers, community broadband providers, cable operators, and international customers, with its two largest customers, both distributors, accounting for a combined 31% of fiscal 2025 net sales.