CLFD
Clearfield, Inc.
NasdaqGMUSDEQUITY
Technology
DELAYED
Buy
+37/100
Last price
33.74
▲ 0.58 (1.75%)
MARKET · —
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Tool
1D
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Range —
Vol —
vs
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Open
—
Prev close
33.16
Day high
33.80
Day low
33.13
Volume
77.03K
Market cap
$458.32M
P/E (TTM)
62.48
52W range
23.76 – 52.73
Trailing performance
Returnvs SPY
1W
+10.77%
+8.8%
1M
+17.77%
+16.6%
3M
+2.43%
-2.1%
6M
+29.77%
+11.6%
YTD
+15.75%
+1.5%
1Y
-5.78%
-22.2%
3Y
+17.73%
-64.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CLFD open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
-21.77K
Net selling
Buy transactions
4
1.58K shares
Sell transactions
6
23.35K shares
Net transactions
+10
Buys less sells
Sell : buy shares
14.8 : 1
Heavily one-sided
Insider-held shares
2.47M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 1, 26 | BERANEK CHERYL P Chief Executive Officer |
SELL | 1.78K | $71.23K | Direct |
| Jun 30, 26 | BERANEK CHERYL P Chief Executive Officer |
STOCK | 210 | $8.36K | Direct |
| Jun 30, 26 | KHEMAKHEM ANIS Officer |
STOCK | 158 | $6.29K | Direct |
| Jun 30, 26 | HERZOG DANIEL R Chief Financial Officer |
STOCK | 752 | $29.92K | Direct |
| Jun 30, 26 | HILL JOHN P Chief Operating Officer |
STOCK | 459 | $18.26K | Direct |
| Jun 9, 26 | KHEMAKHEM ANIS Officer |
SELL | 1.68K | $67.19K | Direct |
| Jun 1, 26 | BERANEK CHERYL P Chief Executive Officer |
SELL | 7.50K | $351.90K | Direct |
| May 27, 26 | BERANEK CHERYL P Chief Executive Officer |
SELL | 2.50K | $125.00K | Direct |
| May 11, 26 | BERANEK CHERYL P Chief Executive Officer |
SELL | 7.50K | $313.90K | Direct |
| May 11, 26 | JONES LOUIS WALTER JR. Director |
SELL | 2.39K | $110.11K | Direct |
| Feb 27, 26 | ROTH RONALD G Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 2.54K | $0 | Direct |
| Feb 27, 26 | WIRSBINSKI CAROL ANN Director |
STOCK | 2.54K | $0 | Direct |
| Feb 27, 26 | SARCEVIC ADEMIR Director |
STOCK | 2.54K | $0 | Direct |
| Feb 27, 26 | JONES LOUIS WALTER JR. Director |
STOCK | 2.54K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BERANEK CHERYL P |
Chief Executive Officer | 492.97K | Sale |
HAYSSEN CHARLES N |
Director | 142.33K | Stock Award(Grant) |
HAYWARD DONALD R |
Director | 10.87K | Sale |
HERZOG DANIEL R |
Chief Financial Officer | 85.83K | Stock Award(Grant) |
HILL JOHN P |
Chief Operating Officer | 192.67K | Stock Award(Grant) |
JONES LOUIS WALTER JR. |
Director | 8.68K | Sale |
KELLY CATHERINE T |
Director | 5.32K | Stock Award(Grant) |
KHEMAKHEM ANIS |
Officer | 25.28K | Stock Award(Grant) |
ROTH RONALD G |
Director and Beneficial Owner of more than 10% of a Class of Security | 1.46M | Stock Award(Grant) |
WIRSBINSKI CAROL ANN |
Director | 9.63K | Stock Award(Grant) |
Fundamentals
Market cap$458.32M
Enterprise value$367.38M
Revenue (TTM)$153.66M
Gross profit$50.72M
EBITDA$5.73M
Net income$3.98M
EPS (TTM)$0.54
Free cash flow$21.56M
Total cash$101.22M
Total debt$10.28M
Book value / share$18.09
Shares outstanding13.58M
Float9.32M
Short % of float12.34%
Dividend yield0.00%
Beta (5Y)2.14
Valuation & profitability ratios
Trailing P/E62.48
Forward P/E37.70
PEG ratio—
Price / sales—
Price / book1.87
EV / revenue2.39
EV / EBITDA64.08
Gross margin33.01%
Operating margin5.86%
Profit margin-4.70%
Return on equity1.56%
Return on assets-0.08%
Debt / equity4.18
Current ratio12.53
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $150.13M | $125.57M | $225.72M | $270.88M | +19.6% |
| Operating revenue | $150.13M | $125.57M | $225.72M | $270.88M | +19.6% |
| Cost of revenue | $99.60M | $99.72M | $145.87M | $157.94M | -0.1% |
| Gross profit | $50.54M | $25.85M | $79.86M | $112.95M | +95.5% |
| Selling, general & admin | $48.42M | $45.08M | $42.28M | $49.13M | +7.4% |
| Total operating expense | $48.42M | $45.08M | $42.28M | $49.13M | +7.4% |
| Operating income | $2.12M | -$19.23M | $37.58M | $63.82M | +111.0% |
| Net interest income | $0 | $0 | -$170.00K | -$311.00K | — |
| Pre-tax income | $8.67M | -$11.76M | $42.61M | $63.83M | +173.7% |
| Tax provision | $2.36M | -$3.25M | $8.88M | $14.47M | +172.6% |
| Net income | -$8.05M | -$12.45M | $32.53M | $49.36M | +35.4% |
| Net income to common | -$8.05M | -$12.45M | $32.53M | $49.36M | +35.4% |
| Basic EPS | -0.58 | -0.85 | 2.17 | 3.58 | +31.8% |
| Diluted EPS | -0.58 | -0.85 | 2.17 | 3.55 | +31.8% |
| EBIT | $8.67M | -$11.76M | $42.78M | $64.14M | +173.7% |
| EBITDA | $14.79M | -$5.84M | $47.37M | $67.57M | +353.3% |
| Basic shares | 13.99M | 14.58M | 14.98M | 13.77M | -4.1% |
| Diluted shares | 13.99M | 14.58M | 15.01M | 13.91M | -4.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $21.49M | $14.15M | $37.83M | $16.65M | +51.9% |
| Cash & short-term investments | $105.98M | $128.97M | $168.11M | $22.45M | -17.8% |
| Accounts receivable | $17.99M | $13.84M | $28.39M | $53.70M | +30.0% |
| Inventory | $42.03M | $56.10M | $98.06M | $82.21M | -25.1% |
| Total current assets | $198.49M | $229.59M | $296.25M | $160.12M | -13.5% |
| Property, plant & equipment | $18.10M | $26.83M | $35.39M | $31.48M | -32.5% |
| Goodwill & intangibles | $14.06M | $9.38M | $12.62M | $12.78M | +49.9% |
| Total assets | $306.17M | $315.27M | $355.52M | $229.13M | -2.9% |
| Total current liabilities | $36.60M | $24.35M | $29.00M | $51.69M | +50.3% |
| Current debt | — | — | $2.11M | $4.39M | — |
| Long-term debt | — | $2.23M | — | $18.67M | — |
| Total debt | $8.76M | $11.29M | $16.48M | $32.46M | -22.4% |
| Total liabilities | $50.01M | $39.51M | $40.35M | $81.55M | +26.6% |
| Retained earnings | $106.91M | $114.96M | $127.34M | $94.80M | -7.0% |
| Shareholder equity | $256.16M | $275.76M | $315.16M | $147.58M | -7.1% |
| Working capital | $161.88M | $205.24M | $267.25M | $108.43M | -21.1% |
| Net tangible assets | $242.10M | $266.38M | $302.54M | $134.80M | -9.1% |
| Shares issued | 13.84M | 14.23M | 15.25M | 13.82M | -2.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $6.31M | -$8.51M | $33.72M | $49.36M | +174.1% |
| Depreciation & amortisation | $6.12M | $5.92M | $4.59M | $3.43M | +3.3% |
| Stock-based compensation | $4.60M | $4.38M | $3.58M | $2.34M | +5.1% |
| Change in working capital | $15.83M | $23.74M | -$11.79M | -$52.50M | -33.3% |
| Operating cash flow | $26.55M | $17.77M | $24.60M | $2.26M | +49.4% |
| Capital expenditure | -$4.74M | -$7.99M | -$7.44M | -$9.15M | +40.6% |
| Investing cash flow | -$7.05M | -$5.27M | -$111.30M | -$8.20M | -33.8% |
| Share buybacks | -$17.15M | -$33.87M | -$1.22M | -$1.41M | +49.4% |
| Financing cash flow | -$17.24M | -$33.29M | $113.42M | $9.40M | +48.2% |
| Free cash flow | $21.81M | $9.79M | $17.16M | -$6.89M | +122.9% |
| End cash position | $21.49M | $14.15M | $35.83M | $16.65M | +51.9% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $43.86M | $34.39M | $34.34M | $17.59M | $38.76M | — | +27.5% |
| Operating revenue | $43.86M | $34.39M | $34.34M | $17.59M | $38.76M | — | +27.5% |
| Cost of revenue | $29.92M | $23.23M | $22.95M | $4.66M | $25.08M | — | +28.8% |
| Gross profit | $13.94M | $11.16M | $11.39M | $12.93M | $13.68M | — | +24.9% |
| Selling, general & admin | $11.37M | $13.23M | $13.21M | $8.60M | $12.15M | — | -14.0% |
| Total operating expense | $11.37M | $13.23M | $13.21M | $8.60M | $12.15M | — | -14.0% |
| Operating income | $2.57M | -$2.07M | -$1.82M | $4.33M | $1.53M | — | +224.3% |
| Net interest income | — | — | — | $275.00K | -$106.00K | -$69.00K | — |
| Pre-tax income | $3.93M | -$704.00K | -$278.00K | $6.24M | $3.12M | — | +658.8% |
| Tax provision | $934.00K | -$176.00K | -$1.00K | $956.00K | $787.00K | — | +630.7% |
| Net income | $3.00M | -$528.00K | -$614.00K | -$9.08M | $1.61M | — | +668.2% |
| Net income to common | $3.00M | -$528.00K | -$614.00K | -$9.08M | $1.61M | — | +668.2% |
| Basic EPS | 0.22 | -0.04 | -0.04 | — | 0.11 | 0.09 | +650.0% |
| Diluted EPS | 0.22 | -0.04 | -0.04 | — | 0.11 | 0.09 | +650.0% |
| EBIT | $2.57M | -$2.07M | -$1.82M | $5.96M | $1.53M | — | +224.3% |
| EBITDA | $4.12M | -$494.00K | -$209.00K | $6.32M | $3.23M | — | +934.8% |
| Basic shares | 13.59M | 13.67M | 13.87M | — | 13.83M | 14.10M | -0.6% |
| Diluted shares | 13.59M | 13.67M | 13.87M | — | 13.83M | 14.10M | -0.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $20.45M | $9.40M | $13.88M | $21.49M | $33.87M | — | +117.5% |
| Cash & short-term investments | $101.22M | $91.07M | $96.44M | $105.98M | $117.23M | — | +11.1% |
| Accounts receivable | $22.05M | $20.86M | $14.97M | $17.99M | $26.61M | — | +5.7% |
| Inventory | $33.39M | $36.92M | $40.20M | $42.03M | $53.75M | — | -9.6% |
| Total current assets | $170.89M | $163.00M | $165.74M | $198.49M | $212.64M | — | +4.8% |
| Property, plant & equipment | $19.23M | $20.09M | $17.24M | $18.10M | $37.78M | — | -4.3% |
| Goodwill & intangibles | $12.65M | $13.11M | $13.64M | $14.06M | $17.41M | — | -3.5% |
| Total assets | $267.09M | $263.55M | $268.05M | $306.17M | $314.71M | — | +1.3% |
| Total current liabilities | $13.63M | $12.69M | $13.21M | $36.60M | $35.89M | — | +7.4% |
| Current debt | — | — | — | — | $3.22M | $3.40M | — |
| Total debt | $10.28M | $10.94M | $8.08M | $8.76M | $21.67M | — | -6.1% |
| Total liabilities | $21.17M | $20.74M | $18.40M | $50.01M | $50.23M | — | +2.1% |
| Retained earnings | $108.77M | $105.77M | $106.30M | $106.91M | $115.99M | — | +2.8% |
| Shareholder equity | $245.92M | $242.81M | $249.65M | $256.16M | $264.48M | — | +1.3% |
| Working capital | $157.25M | $150.31M | $152.53M | $161.88M | $176.75M | — | +4.6% |
| Net tangible assets | $233.27M | $229.70M | $236.01M | $242.10M | $247.07M | — | +1.6% |
| Shares issued | 13.60M | 13.62M | 13.84M | 13.84M | 13.81M | — | -0.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $3.00M | -$528.00K | -$277.00K | $5.28M | $2.33M | — | +668.2% |
| Depreciation & amortisation | $1.55M | $1.57M | $1.61M | $355.00K | $1.70M | — | -1.4% |
| Stock-based compensation | $1.03M | $1.32M | $1.27M | $852.00K | $1.20M | — | -22.1% |
| Change in working capital | $3.41M | -$3.12M | -$3.56M | $6.54M | $4.91M | — | +209.1% |
| Operating cash flow | $9.86M | -$1.07M | -$1.44M | $8.44M | $9.97M | — | +1,019.5% |
| Capital expenditure | -$910.00K | -$1.02M | -$988.00K | — | -$455.00K | -$1.32M | +10.7% |
| Investing cash flow | $1.91M | $3.92M | -$293.00K | -$19.11M | $882.00K | — | -51.4% |
| Share buybacks | -$915.00K | -$7.32M | -$6.28M | $12.00K | -$5.65M | — | +87.5% |
| Financing cash flow | -$720.00K | -$7.33M | -$6.09M | -$4.88M | -$5.48M | — | +90.2% |
| Free cash flow | $8.95M | -$2.09M | -$2.43M | $8.91M | $9.52M | — | +527.9% |
| End cash position | $20.45M | $9.40M | $13.88M | $21.49M | $32.79M | — | +117.5% |
Options analytics
Put / call volume
0.77
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
20.00
-40.7% from spot
ATM implied vol
6.3%
Nearest strike to spot
Skew (10% OTM)
+18.7%
Puts bid over calls
Call volume
13
Contracts, this expiry
Put volume
10
Contracts, this expiry
Heaviest call OI
25.00
0 contracts
Heaviest put OI
20.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.25 | 0.22 | -10.2% |
| Mar 2026 | 0.01 | -0.04 | -500.0% |
| Dec 2025 | -0.03 | -0.02 | +20.0% |
| Sep 2025 | 0.14 | 0.13 | -3.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.10 | 2 | $40.38M | -1.8% |
| Next quarter | 0.13 | 2 | $42.23M | +23.0% |
| Current year | 0.43 | 2 | $152.97M | +1.9% |
| Next year | 0.90 | 2 | $187.07M | +22.3% |
Analyst targets & ownership
Mean target$40.25
High target$45.00
Low target$38.00
Implied upside19.29%
Analyst count4
ConsensusNONE
Strong buy / Buy1 / 3
Hold0
Sell / Strong sell0 / 0
Held by insiders18.17%
Held by institutions66.25%
Institutions holding182
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
31.75
+6.27% from price
SMA 20
30.77
+9.63% from price
SMA 50
29.89
+12.88% from price
SMA 100
34.26
-1.53% from price
SMA 200
32.39
+4.16% from price
EMA 12
31.84
+5.97% from price
EMA 26
30.95
+9.01% from price
EMA 50
31.02
+8.75% from price
RSI (14)
65.6
Neutral
MACD (12,26,9)
0.89
Hist 0.37
ATR (14)
1.09
3.24% of price
Realised vol 30D
42.0%
Annualised
Bollinger upper
33.82
20, 2σ
Bollinger lower
27.73
20, 2σ
50 / 200 cross
Death
29.89 vs 32.39
Trend bias
Above 200
+4.16%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.99
More volatile than market
Correlation to SPY
0.42
Loosely linked
Realised vol 30D
42.0%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-48.0%
Peak to trough
Max drawdown 5Y
-82.5%
Peak to trough
ATR 14
1.09
3.24% of price
Beta (reported)
2.14
5Y monthly, from filing
Short interest
Shares short
1.37M
Prior 1.31M
Change vs prior
+5.0%
Shorts adding
% of float
12.34%
Elevated
% of shares out
10.11%
Against total outstanding
Days to cover
9.2
Crowded exit
Float
9.32M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 6, 26 | Needham | MAINTAINED | Buy | Buy |
| Nov 26, 25 | Lake Street | MAINTAINED | Buy | Buy |
| Nov 26, 25 | Northland Capital Markets | UPGRADE | Market Perform | Outperform |
| Nov 26, 25 | Roth Capital | MAINTAINED | Buy | Buy |
| Nov 26, 25 | Needham | MAINTAINED | Buy | Buy |
| Mar 26, 25 | Needham | MAINTAINED | Buy | Buy |
| Feb 7, 25 | Needham | MAINTAINED | Buy | Buy |
| Jan 16, 25 | Needham | MAINTAINED | Buy | Buy |
| Nov 8, 24 | Needham | MAINTAINED | Buy | Buy |
| Sep 24, 24 | Needham | MAINTAINED | Buy | Buy |
| Aug 5, 24 | Needham | MAINTAINED | Buy | Buy |
| Aug 2, 24 | Northland Capital Markets | MAINTAINED | Outperform | Outperform |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split2:1
Split dateApr 3, 1989
SEC filings
Periodic Financial Reports
10-Q · 2026-08-06
Corporate Changes & Voting Matters
8-K · 2026-08-05
Corporate Changes & Voting Matters
8-K · 2026-07-28
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-27
Periodic Financial Reports
10-Q · 2026-05-07
Corporate Changes & Voting Matters
8-K · 2026-05-06
Corporate Changes & Voting Matters
8-K · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-02-27
Headlines
New Strong Sell Stocks for October 2nd
Zacks · 5d ago
Clearfield Accelerates Data Center Fiber Deployment with NOVA™ Velocity Panel
Business Wire · 13d ago
Clearfield Signs Distribution Deal With WAV to Expand Presence in Wireless Market
MT Newswires · 35d ago
Clearfield Expands Wireless Infrastructure Market Reach Through Distribution Agreement with WAV
Business Wire · 35d ago
Clearfield’s NOVA™ Platform Earns Gold in 2026 ISE Network Innovators’ Awards
Business Wire · 48d ago
Clearfield Inc (CLFD) (Q3 2026) Earnings Call Highlights: Strategic Data Center Win Offsets ...
GuruFocus.com · 62d ago
Clearfield Q3 Earnings Call Highlights
MarketBeat · 62d ago
Clearfield (CLFD) Beats Q3 Earnings Estimates
Zacks · 63d ago
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