Clearfield, Inc. (CLFD)
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-09
$28.20-2.42%
Close 2026-09-09 · 1-day change
NASDAQInformation TechnologyCommunication EquipmentSnapshot 2026-09-09
Broken: Primary pillar broken — Annual revenue between $160M and $170M for fiscal 2026: FY26 revenue guidance $151M-$155M vs $160M target.
Clearfield aims for annual revenue of $160M to $170M in fiscal 2026. Sales grew from $29.9M in 2025-Q4 to $34.4M in 2026-Q2. The company successfully rebuilt a fiber network, boosting revenue potential. It extended its credit line to support financial stability.
EPS remains negative at -$0.04 in 2026-Q1 and Q2, showing weak profit progress. The stock has fallen 36.6% from its high amid market selling. Revenue growth and profitability targets face risk if current trends continue.
The market prices in about 27% revenue growth and values the stock near $33, aligned with our fair value. However, recent EPS weakness and the sharp selloff suggest risks to achieving profit targets.
Breaks if: Annual revenue falls below $160 million in FY26
Clearfield aims to achieve annual revenue between $160 million and $170 million for fiscal 2026.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a focus on stabilizing operations and expanding into new markets. The current thesis state reflects mixed results in management execution and a need for improved financial performance.
The market currently prices CLFD at an expensive valuation compared to its peers, indicating that investors may have high expectations for future performance. However, the recent guidance cuts and earnings misses suggest that these expectations may not be fully justified.
Management has set annual revenue guidance between $151 million and $155 million, showing consistent quarterly growth despite a downward revision. The earnings per share (EPS) guidance remains mixed, with recent improvements but still reflecting volatility.
The long-term thesis hinges on several factors, including potential upward revisions in guidance, broader sector momentum from key players, and macroeconomic conditions such as interest rate changes. A reversal in recent trends could positively impact sentiment.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports the thesis. The company plans to expand into the data center connectivity market. This move could drive future growth. There are no new threats to the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Line of credit maturity not extended beyond July 2026
Breaks if: EPS remains below $0.48 in FY26
Target net income per share from continuing operations in the range of $0.14 to $0.21 for fiscal 2026.
Stated as a priority in 3 of last 3 quarters. Diluted EPS improved from a loss of $0.04 in 2026-Q2 to a profit of $0.22 in 2026-Q3. Despite quarterly volatility, management maintains EPS guidance of $0.14 to $0.21 for fiscal 2026. The trajectory shows recovery and partial delivery toward EPS targets.
“Net income per share to a range of $0.14 to $0.21 for fiscal 2026”
“EPS guidance of $0.48 to $0.62 for fiscal 2026 reiterated”
“Reiterates full year fiscal 2026 EPS guidance of $0.48 to $0.62”
Over the next 1 to 3 years, CLFD's performance will depend on management's ability to execute on their priorities and navigate industry challenges. Not investment advice.