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CLFD Clearfield

Clearfield, Inc. manufactures and distributes passive connectivity products. Their fiber management and enclosure platform consolidates, distributes, and protects fiber through inside plant facilities, to outside plant facilities, to the home, and to the drop-off points in between. Clearfield's products service the wireless, cable, and telephone service providers, municipal-owned utilities, and non-traditional providers. Clearfield was founded in 2008 and is headquartered in Minneapolis, Minnesota. Clearfield’s history began in the late 1980s with the merging of Americable and Computer System Products. Moving forward under the business name Americable, in 2003 the company was purchased by APA Enterprises. In 2007, APA Enterprises changed course after several consecutive years of profit losses. In June 2007, Cheri Beranek took the new role of CEO. Under the new leadership, APA Enterprises redefined itself with a new vision by rebranding the Company as Clearfield at the start of 2008.

Company profile

Ticker
CLFD
Exchange
CEO
Cheryl Beranek
Employees
Incorporated
Location
Fiscal year end
Former names
APA Enterprises, Inc., APA OPTICS INC /MN/
SEC CIK
IRS number
411347235

CLFD stock data

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Calendar

28 Apr 21
24 Jun 21
30 Sep 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Cost of revenue
Operating income
Operating margin
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Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
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Financial data from Clearfield earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 Jun 21 Beranek Cheryl Common Stock Sell Dispose S No Yes 40.65 30,000 1.22M 433,635
25 May 21 Beranek Cheryl Common Stock Sell Dispose S No No 36.18 15,700 568.03K 463,635
24 May 21 Beranek Cheryl Common Stock Sell Dispose S No No 36.78 14,300 525.95K 479,335
7 May 21 Charles N Hayssen Common Stock Sell Dispose S No No 39.04 10,000 390.4K 158,074
6 May 21 Hill John P Common Stock Sell Dispose S No No 38.02 25,000 950.5K 168,642
6 May 21 Charles N Hayssen Common Stock Sell Dispose S No No 38.03 10,000 380.3K 168,074
26 Feb 21 Ronald G Roth Common Stock Grant Aquire A No No 0 424 0 1,249,289

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

35.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 93 71 +31.0%
Opened positions 28 14 +100.0%
Closed positions 6 3 +100.0%
Increased positions 21 23 -8.7%
Reduced positions 32 22 +45.5%
13F shares
Current Prev Q Change
Total value 229.5M 176.81M +29.8%
Total shares 4.94M 4.98M -0.8%
Total puts 53.5K 58K -7.8%
Total calls 126.8K 75.1K +68.8%
Total put/call ratio 0.4 0.8 -45.4%
Largest owners
Shares Value Change
BLK Blackrock 811.43K $24.45M +0.8%
Vanguard 552.93K $16.66M -5.9%
Renaissance Technologies 492.06K $14.83M -4.4%
Dimensional Fund Advisors 469.5K $14.15M -1.6%
G2 Investment Partners Management 380.24K $11.46M +7.5%
Penserra Capital Management 221.4K $6.67M +22.2%
Geode Capital Management 191.41K $5.77M +12.0%
STT State Street 173.41K $5.23M -5.9%
Hillsdale Investment Management 137.7K $4.15M 0.0%
NTRS Northern Trust 126.5K $3.81M -13.7%
Largest transactions
Shares Bought/sold Change
RY Royal Bank Of Canada 110.2K -64.33K -36.9%
Susquehanna International 41.95K +41.95K NEW
Penserra Capital Management 221.4K +40.22K +22.2%
EAM Investors 79.31K -36.18K -31.3%
Vanguard 552.93K -34.38K -5.9%
Millennium Management 72.07K +33.83K +88.5%
GS Goldman Sachs 48.03K +31.29K +186.9%
G2 Investment Partners Management 380.24K +26.61K +7.5%
EAM Global Investors 53.43K -24.49K -31.4%
Evercore Wealth Management 0 -24.4K EXIT

Financial report summary

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Competition
Emerson ElectricCanada
Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events and typically address the Company’s expected future business and financial performance. Words such as “plan,” “expect,” “aim,” “believe,” “project,” “target,” “anticipate,” “intend,” “estimate,” “will,” “should,” “could” and other words and terms of similar meaning, typically identify these forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events and trends that are subject to risks and uncertainties. Actual results could differ from those projected in any forward-looking statements because of the factors identified in and incorporated by reference from Part I, Item 1A, “Risk Factors,” of our Annual Report on Form 10-K for the year ended September 30, 2020 and Part II, Item 1A. “Risk Factors” of this Quarterly Report on Form 10-Q, as well as in other filings we make with the Securities and Exchange Commission, which should be considered an integral part of Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” All forward-looking statements included herein are made as the date of this Quarterly Report on Form 10-Q and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.
  • Clearfield, Inc. (“Clearfield” or the “Company”) designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. Our “fiber to the anywhere” platform serves the unique requirements of leading Broadband Service Providers in the United States (“U.S.”), which include Community Broadband, MSO’s, and National Carriers, while also serving the broadband needs of the International markets, primarily countries in the Caribbean, Canada, and Central and South America. These customers are collectively included in Broadband Service Providers. The Company also provides contract manufacturing services for its Legacy customers which include original equipment manufacturers (OEM) requiring copper and fiber cable assemblies built to their specifications.
Content analysis
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Positive
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Readability
H.S. freshman Avg
New words: adequate, amidst, attempt, blockage, Canal, charge, compete, compounding, conduct, conform, equity, exacerbated, exposed, forecast, freezing, funding, headcount, high, II, industry, injected, intensify, led, logistical, molded, pace, persist, petrochemical, pressure, primary, putting, quality, raw, recent, recently, reclassified, recovered, recovery, reserved, resin, set, show, Suez, suffered, turn, unable, weather
Removed: disclosed, investing, mitigating, resulting, tariff

Patents

APP
Utility
Optical Fiber Distribution Systems and Components
1 Apr 21
An aerial terminal for optical fiber communication comprises at least one feeder port and a plurality of distribution ports, the aerial terminal being configured to receive a fiber through the at least one feeder port and to output a plurality of fibers through the plurality of distribution ports.
GRANT
Utility
Fiber optic panel with moveable cable support assembly and cable-windable support rods
30 Mar 21
A panel for storing a length of cable has a housing and a support assembly positioned in the housing and moveable with respect to the housing.
APP
Utility
Optical Fiber Pedestal Box
11 Feb 21
An optical fiber pedestal box comprises a pedestal having a rail and an optical fiber box configured to mount to the pedestal.
APP
Utility
Mountable Connector Box for Fiber Optic Cables
21 Jan 21
A connector box has a housing forming a space and a cover configured to provide access to the space, a plurality of connectors configured to enable selective connection of fiber optic cables within the enclosed space, and a drop cable entrance assembly configured to provide an opening for one or more drop cables to enter the space in the housing.
GRANT
Utility
Optical fiber distribution cabinet
4 Jan 21
An optical fiber distribution cabinet comprising a housing having a front opening for accessing an interior of the cabinet, a high density distribution field including a bulkhead having a plurality of faceplates configured to receive a plurality of high density adapters, and a staging area configured to receive a staging plate including a frame having a plurality of pins configured to couple to latchless adapters.