Clearfield (CLFD)

Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. Its "fiber toanywhere" platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center and military markets. Headquartered in Minneapolis, MN, Clearfield deploys more than a million fiber ports each year.

Company profile

Ticker

CLFD

Exchange

NASDAQ

Website

www.seeclearfield.com

CEO

Cheryl Beranek

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Sep 30

Sector

Manufacturing > Telephone Apparatus Manufacturing

Industry (SIC)

Telephone & Telegraph Apparatus

CIENA • Netgear • Adtran • Plantronics • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • DZS ...

Former names

APA Enterprises, Inc., APA OPTICS INC /MN/

SEC CIK

0000796505

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

411347235

CLFD stock data

1M 1Y 5Y

News

From Benzinga Pro

12 Information Technology Stocks Moving In Monday's After-Market Session

27 Jun 22

Gainers

Needham Lists Its Top Picks After Attending Fiber Connect 2022 Conference

16 Jun 22

Needham analysts Ryan Koontz and Chad Tevebaugh attended the Fiber Connect 2022 conference in Nashville. They heard from U.S. operators and met with many public and private companies in the broadband access space.

12 Information Technology Stocks Moving In Friday's Pre-Market Session

27 May 22

Government Infrastructure Bills Drive High-Growth Expectations For Fiber-Optics Telecom Clearfield (CLFD)

19 May 22

Clearfield To Acquire Nestor Cables For ~$23M

17 May 22

Press releases

From Benzinga Pro

Clearfield to Acquire Nestor Cables, a Leading European Developer and Manufacturer of Fiber Optic Cable Solutions

17 May 22

Accretive Acquisition to Extend Available Supply of Clearfield's FieldShield FiberCompany Expected to Open Fiber Optic Production in Mexico to Establish the Manufacturing of FieldShield in Closer Proximity to its North

Clearfield Reports Record Fiscal Second Quarter 2022 Results

28 Apr 22

Revenue For Fiscal Second Quarter Grew 80% Year-over-Year to Record $53 Million, Driven by 94% Growth in Community Broadband Revenue Compared to the Same Year-Ago Period Quarter-End Backlog Increased 34% Sequentially to

Clearfield Sets Fiscal Second Quarter 2022 Earnings Call for Thursday, April 28, 2022 at 5:00 p.m. ET

21 Apr 22

MINNEAPOLIS, April 21, 2022 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, April 28, 2022 at 5:00

Clearfield® FastPass™ Approach Puts Time on Your Side with In-Cassette Splicing as FDH Deployments Accelerate

20 Apr 22

Calendar

4 May 22

2 Jul 22

30 Sep 22

Financial summary

Financial statements Chart CLFD financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Sep 21	Sep 20	Sep 19	Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	13.92M	13.92M	13.92M	13.92M	13.92M	13.92M
Cash burn (monthly)	(no burn)	701.31K	(no burn)	(no burn)	3.75M	589.85K
Cash used (since last report)	n/a	2.15M	n/a	n/a	11.49M	1.81M
Cash remaining	n/a	11.77M	n/a	n/a	2.43M	12.11M
Runway (months of cash)	n/a	16.8	n/a	n/a	0.6	20.5

Beta Read what these cash burn values mean

Financial data from Clearfield earnings reports.

Recent insider trades

CLFD insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
25 May 22	Walter Louis Jones JR	Common Stock	Buy	Acquire P	No	No	57.71	267	15.41K	820
25 Feb 22	Roger G Harding	Common Stock	Grant	Acquire A	No	No	0	394	0	21,008
25 Feb 22	Carol Ann Wirsbinski	Common Stock	Grant	Acquire A	No	No	0	394	0	553
25 Feb 22	Ronald G Roth	Common Stock	Grant	Acquire A	No	No	0	394	0	1,251,683
25 Feb 22	Donald R. Hayward	Common Stock	Grant	Acquire A	No	No	0	394	0	11,285

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CLFD institutional ownership history Ownership history

44.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	130	128	+1.6%
Opened positions	26	35	-25.7%
Closed positions	24	13	+84.6%
Increased positions	39	40	-2.5%
Reduced positions	49	40	+22.5%

13F shares	Current	Prev Q	Change
Total value	403.01M	944.08M	-57.3%
Total shares	6.18M	5.76M	+7.2%
Total puts	148K	63K	+134.9%
Total calls	216.5K	226.4K	-4.4%
Total put/call ratio	0.7	0.3	+145.7%

Largest owners	Shares	Value	Change
BLK Blackrock	799.23K	$52.13M	+1.0%
Vanguard	590.12K	$38.49M	+2.4%
Dimensional Fund Advisors	432.24K	$28.19M	+1.3%
Atika Capital Management	395.9K	$25.82M	+14.2%
Driehaus Capital Management	352.23K	$22.97M	-1.9%
Intrinsic Edge Capital Management	270.19K	$17.62M	+160.4%
STT State Street	245.12K	$15.99M	+11.8%
Renaissance Technologies	240.86K	$15.71M	-18.8%
G2 Investment Partners Management	227.83K	$14.86M	-12.9%
Geode Capital Management	206.53K	$13.47M	+3.6%

Largest transactions	Shares	Bought/sold	Change
Redwood Investments	205.6K	+205.6K	NEW
Intrinsic Edge Capital Management	270.19K	+166.44K	+160.4%
Manatuck Hill Partners	140K	+140K	NEW
Royce & Associates	162.8K	+97.3K	+148.5%
Arrowstreet Capital, Limited Partnership	0	-61.22K	EXIT
Summit Partners Public Asset Management	61K	+61K	NEW
Renaissance Technologies	240.86K	-55.6K	-18.8%
SG Capital Management	0	-52.12K	EXIT
Atika Capital Management	395.9K	+49.31K	+14.2%
Mount Capital	44.37K	+44.37K	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Emerson Electric • Canada • Westell • Vertiv

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accumulated, affirmative, agreement, annum, approach, bear, borrowed, Bremer, center, CME, comprehensive, corroborated, coupled, covenant, coverage, customary, deemed, enterprise, face, Failure, feet, Financiing, fuel, fullfilment, gain, geopolitical, grow, hierarchy, hiring, hold, identical, identification, inadequate, initial, invasion, leasehold, level, loan, margin, methodology, NATO, observable, online, orderly, Overnight, professional, quoted, ratio, reevaluation, respond, retain, revolving, Russia, sale, SOFR, strain, Sustained, technology, trailing, transaction, twelve, Ukraine, ultimately, unanticipated, unobservable, unrealized, variety

Removed: approved, base, expired, inflation, leasing, maturity, notice, preceding, prevailing, proper, recognition, terminate, volume

From filing 10-Q 2022 Q2

Financial reports

View all