Clearfield, Inc. (CLFD) AI Stock Analysis

Clearfield, Inc. specializes in manufacturing and distributing passive connectivity products designed for the fiber-to-the-premises (FTTP), enterprise, and original equipment manufacturer (OEM) markets. Its primary product lines include FieldSmart panels, cabinets, wall boxes, and enclosures, alongside WaveSmart optical components for signal coupling, splitting, and multiplexing. The company also offers outdoor active cabinets, StreetSmart fiber management solutions, and FieldShield fiber pathways designed to lower deployment costs. Clearfield expands its network reach with YOURx hardened terminals and drop cables, as well as CraftSmart optical protection pedestals and vaults for above-grade and below-grade installations.

Clearfield expanded revenue rapidly from $140.8M in FY2021 to $270.9M in FY2022 before consecutive contractions lowered revenue to $225.7M in FY2023, $166.7M in FY2024, and $150.1M in FY2025. Gross margin, which stood at 43.5% in FY2021, fell to 17.3% in FY2024 before recovering to 33.7% in FY2025. After net losses of -$12.5M in FY2024 and -$8.1M in FY2025, performance improved in the quarter ended June 30, 2026, where quarterly revenue rose 13.2% year-over-year and quarterly earnings grew 104.1%. Trailing twelve months revenue stands at $153.7M with an operating margin of 5.9% and diluted EPS of $0.54.

As of June 30, 2026, Clearfield held $101.2M in cash and short-term investments against $10.3M in total debt, resulting in a net cash position of $90.9M. The balance sheet shows solid liquidity, characterized by a current ratio of 12.53 and a debt-to-equity ratio of 0.04 across $245.9M in shareholders' equity. Operating cash flow reached $29.4M in FY2025, yielding free cash flow of $24.7M. During FY2025, the company allocated $4.7M to capital expenditures and directed $16.7M toward share buybacks, reducing its share count by 2.2% over 5 years.

Clearfield trades at a trailing price-to-earnings multiple of 54.6x and a forward P/E of 26.8x, both above the US-listed Technology peers median of 28.1x and 18.8x, respectively. Its enterprise value to EBITDA multiple of 27.0x also exceeds the peer group median of 16.6x, though its price-to-sales of 2.6x sits below the peer median of 2.8x. Over the past year, the stock fell 17.0%, underperforming the S&P 500 (SPY) gain of 16.8%. Over a 5-year span, Clearfield returned -43.9% compared to an 83.0% gain for the benchmark.

Wall Street coverage includes 3 Strong Buy ratings, 1 Buy rating, and zero Hold, Sell, or Strong Sell ratings. The mean price target is $40.25, representing a 36.6% premium over the October 16, 2026 closing price of $29.47. For the fiscal year ending September 30, 2026, analysts estimate revenue of $153.0M and EPS of $0.43. For the following fiscal year, 2 analysts project revenue of $187.1M and EPS of $0.90, reflecting expected revenue growth of 22.3%. Clearfield has beaten EPS estimates in 1 of the last 4 quarters, with next earnings scheduled for November 24, 2026.

This page is an AI-written research summary of Clearfield, Inc. (CLFD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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