Market Summary
USD28.56-0.22
Market Closed-0.76%
CLFD Stock Price
CLFD RSI Chart
CLFD Valuation
CLFD Price/Sales (Trailing)
CLFD Profitability
CLFD Fundamentals
CLFD Revenue
CLFD Earnings
Price Action
52 Week Range
28.02134.90
(Low)(High)
Last 7 days
-4.9%
Last 30 days
-19.8%
Last 90 days
-37.3%
Trailing 12 Months
-71.2%
CLFD Financial Health
CLFD Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CLFD
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-21 | HERZOG DANIEL R | sold (taxes) | -17,212 | 37.5 | -459 | chief financial officer |
2023-08-21 | Hill John P | sold (taxes) | -48,750 | 37.5 | -1,300 | chief operating officer |
2023-08-21 | Beranek Cheryl | sold (taxes) | -48,750 | 37.5 | -1,300 | chief executive officer |
2023-08-08 | Wirsbinski Carol Ann | bought | 19,932 | 38.93 | 512 | - |
2023-06-30 | Hill John P | acquired | 10,666 | 40.25 | 265 | chief operating officer |
2023-06-30 | Beranek Cheryl | acquired | 5,192 | 40.25 | 129 | chief executive officer |
2023-06-30 | HERZOG DANIEL R | acquired | 5,635 | 40.25 | 140 | chief financial officer |
2023-05-31 | Harding Roger G | acquired | 192,250 | 38.45 | 5,000 | - |
2023-02-24 | ROTH RONALD G | acquired | - | - | 974 | - |
2023-02-24 | Harding Roger G | acquired | - | - | 974 | - |
Which funds bought or sold CLFD recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 58.93 | 187,000 | 492,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 28.00 | 1,705 | -% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | sold off | -100 | -79,000 | - | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 244 | 15,010 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | new | - | 904,771 | 904,771 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | reduced | -48.51 | -224,238 | 246,220 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 8.83 | 74,626 | 776,540 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -31.13 | -80,901 | 188,859 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.7 | 11,000 | 175,000 | -% |
2023-08-21 | BOKF, NA | unchanged | - | 385 | 23,675 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Clearfield
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 5.28% | 802,619 | SC 13G | |
| Feb 07, 2023 | roth ronald g | 9.4% | 1,428,443 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 12.1% | 1,844,410 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 12.1% | 1,844,410 | SC 13G/A | |
| Sep 08, 2022 | blackrock inc. | 13.3% | 1,838,244 | SC 13G | |
| Feb 03, 2022 | roth ronald g | 10.4% | 1,426,049 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 5.8% | 791,624 | SC 13G/A | |
| Feb 04, 2021 | roth ronald g | 10.4% | 1,424,125 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 5.9% | 805,091 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 6.0% | 815,704 | SC 13G/A |
Recent SEC filings of Clearfield
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 23, 2023 | 4 | Insider Trading | |
| Aug 09, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 04, 2023 | 8-K/A | Current Report | |
| Aug 03, 2023 | 8-K | Current Report | |
| Jul 07, 2023 | 4 | Insider Trading | |
| Jul 07, 2023 | 4 | Insider Trading | |
| Jul 07, 2023 | 4 | Insider Trading |
Peers (Alternatives to Clearfield)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CSCO | 218.1B | 57.0B | -7.24% | 31.14% | 17.29 | 3.83 | 10.55% | 6.78% |
ANET | 57.2B | 5.3B | -6.32% | 59.62% | 33.46 | 10.87 | 50.27% | 65.17% |
MSI | 45.4B | 9.7B | -4.30% | 18.57% | 29.91 | 4.7 | 14.13% | 26.10% |
UI | 8.3B | 1.9B | -22.81% | -53.69% | 20.29 | 4.26 | 14.71% | 7.65% |
| MID-CAP | ||||||||
FFIV | 9.5B | 2.8B | -3.10% | 5.80% | 28.48 | 3.37 | 4.80% | -3.31% |
CIEN | 6.9B | 4.2B | -4.15% | 12.58% | 31.24 | 1.63 | 14.18% | 11.33% |
LITE | 3.0B | 1.8B | -16.96% | -36.92% | -22.58 | 1.68 | 3.18% | -166.16% |
VSAT | 1.6B | 2.8B | -40.91% | -55.51% | 1.54 | 0.58 | 13.98% | 1966.89% |
| SMALL-CAP | ||||||||
INFN | 899.2M | 1.6B | -12.56% | -21.23% | -125.84 | 0.55 | 13.20% | 96.13% |
COMM | 649.5M | 8.2B | -12.43% | -67.94% | -0.55 | 0.08 | -6.99% | -187.07% |
ADTN | 630.8M | 1.4B | -6.83% | -58.91% | -8.9 | 0.47 | 131.17% | -369.34% |
NTGR | 352.4M | 853.0M | -8.03% | -40.20% | -16.36 | 0.41 | -12.52% | 62.31% |
CMBM | 210.9M | 302.6M | -17.49% | -55.68% | 10 | 0.7 | 5.89% | 210.09% |
Clearfield News
Returns for CLFD
Cumulative Returns on CLFD
7.1%
10-Year Cumulative Returns
6.4%
7-Year Cumulative Returns
19.1%
5-Year Cumulative Returns
11.4%
3-Year Cumulative Returns
Risks for CLFD
What is the probability of a big loss on CLFD?
91.9%
Probability that Clearfield stock will be more than 20% underwater in next one year
77.3%
Probability that Clearfield stock will be more than 30% underwater in next one year.
38.1%
Probability that Clearfield stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CLFD drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Clearfield was unfortunately bought at previous high price.
Drawdowns
Financials for Clearfield
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -3.1% | 314 | 324 | 306 | 271 | 221 | 189 | 165 | 141 | 123 | 110 | 101 | 93.00 | 90.00 | 86.00 | 84.00 | 85.00 | 84.00 | 83.00 | 81.00 | 78.00 | 74.00 |
| Cost Of Revenue | 0.1% | 203 | 203 | 185 | 158 | 126 | 106 | 92.00 | 80.00 | 70.00 | 64.00 | 59.00 | 55.00 | 54.00 | 52.00 | 52.00 | 52.00 | 52.00 | 51.00 | 49.00 | 47.00 | 44.00 |
| Gross Profit | -8.5% | 111 | 121 | 121 | 113 | 95.00 | 83.00 | 73.00 | 61.00 | 53.00 | 46.00 | 42.00 | 38.00 | 36.00 | 34.00 | 32.00 | 33.00 | 32.00 | 32.00 | 32.00 | 31.00 | 30.00 |
| S&GA Expenses | 1.4% | 53.00 | 52.00 | 52.00 | 49.00 | 44.00 | 41.00 | 38.00 | 36.00 | 33.00 | 31.00 | 30.00 | 30.00 | 29.00 | 29.00 | 28.00 | 28.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 |
| EBITDA | -100.0% | - | 75.00 | 73.00 | 67.00 | - | 45.00 | 37.00 | 28.00 | 22.00 | 18.00 | 15.00 | 12.00 | 10.00 | 8.00 | 8.00 | 8.00 | 8.00 | 9.00 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.23* | 0.24* | 0.25* | - | 0.24* | 0.23* | 0.20* | 0.18* | 0.17* | 0.15* | 0.12* | 0.11* | 0.09* | 0.09* | 0.10* | 0.10* | 0.11* | - | - | - |
| Interest Expenses | 24.4% | 0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Earnings Before Taxes | -13.7% | 60.00 | 70.00 | 69.00 | 64.00 | 51.00 | 43.00 | 35.00 | 26.00 | 20.00 | 16.00 | 12.00 | 9.00 | 8.00 | 6.00 | 5.00 | 6.00 | 6.00 | 7.00 | 6.00 | 6.00 | 4.00 |
| EBT Margin | -100.0% | - | 0.22* | 0.22* | 0.24* | 0.23* | 0.23* | 0.21* | 0.18* | 0.16* | 0.15* | 0.12* | 0.10* | 0.09* | 0.07* | 0.06* | 0.07* | 0.07* | - | - | - | - |
| Net Income | -13.8% | 47.00 | 54.00 | 53.00 | 49.00 | 40.00 | 33.00 | 28.00 | 20.00 | 16.00 | 13.00 | 10.00 | 7.00 | 6.00 | 4.00 | 4.00 | 5.00 | 5.00 | 5.00 | 4.00 | 4.00 | 4.00 |
| Net Income Margin | -100.0% | - | 0.17* | 0.17* | 0.18* | 0.18* | 0.18* | 0.17* | 0.14* | 0.13* | 0.12* | 0.10* | 0.08* | 0.07* | 0.05* | 0.05* | 0.05* | 0.05* | - | - | - | - |
| Free Cashflow | -100.0% | - | 22.00 | 2.00 | 1.00 | -6.50 | -8.67 | 7.00 | 9.00 | 11.00 | 10.00 | 8.00 | 5.00 | 5.00 | 5.00 | 5.00 | 12.00 | 8.00 | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 0% | 361 | 361 | 352 | 229 | 178 | 160 | 138 | 126 | 114 | 104 | 96.00 | 95.00 | 91.00 | 87.00 | 83.00 | 82.00 | 77.00 | 77.00 | 75.00 | 74.00 | 71.00 |
| Current Assets | 0.7% | 303 | 301 | 294 | 160 | 120 | 99.00 | 84.00 | 72.00 | 70.00 | 61.00 | 52.00 | 53.00 | 45.00 | 44.00 | 44.00 | 43.00 | 40.00 | 43.00 | 42.00 | 41.00 | 38.00 |
| Cash Equivalents | -77.1% | 31.00 | 137 | 30.00 | 17.00 | 14.00 | 14.00 | 13.00 | 13.00 | 21.00 | 22.00 | 19.00 | 16.00 | 9.00 | 9.00 | 11.00 | 10.00 | 6.00 | 8.00 | 15.00 | 9.00 | 9.00 |
| Inventory | 4.1% | 105 | 101 | 90.00 | 82.00 | 69.00 | 61.00 | 44.00 | 28.00 | 21.00 | 15.00 | 14.00 | 14.00 | 15.00 | 12.00 | 11.00 | 9.00 | 9.00 | 8.00 | 10.00 | 10.00 | 10.00 |
| Net PPE | 1.1% | 21.00 | 21.00 | 20.00 | 18.00 | 10.00 | 9.00 | 7.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 6.00 | 6.00 | 5.00 | 4.00 | 4.00 | 5.00 | 5.00 | 5.00 |
| Goodwill | -0.1% | 7.00 | 7.00 | 7.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Liabilities | -5.2% | 49.00 | 52.00 | 58.00 | 82.00 | 41.00 | 37.00 | 23.00 | 22.00 | 18.00 | 14.00 | 10.00 | 13.00 | 11.00 | 11.00 | 7.00 | 7.00 | 4.00 | 5.00 | 5.00 | 5.00 | 4.00 |
| Current Liabilities | -7.8% | 37.00 | 40.00 | 45.00 | 52.00 | 31.00 | 25.00 | 22.00 | 20.00 | 16.00 | 12.00 | 8.00 | 10.00 | 9.00 | 8.00 | 5.00 | 7.00 | 4.00 | 5.00 | 5.00 | 5.00 | 4.00 |
| Long Term Debt | -100.0% | - | 2.00 | 2.00 | 19.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Shareholder's Equity | 2.1% | 312 | 305 | 294 | 148 | 137 | 123 | 114 | 104 | 96.00 | 90.00 | 86.00 | 83.00 | 80.00 | 76.00 | 76.00 | 75.00 | 73.00 | 71.00 | 71.00 | 69.00 | 67.00 |
| Retained Earnings | 4.4% | 125 | 119 | 109 | 95.00 | 78.00 | 65.00 | 56.00 | 45.00 | 38.00 | 32.00 | 28.00 | 25.00 | 22.00 | 19.00 | 18.00 | 18.00 | 16.00 | 15.00 | 14.00 | 13.00 | 11.00 |
| Additional Paid-In Capital | 0.7% | 187 | 186 | 185 | 55.00 | 60.00 | 59.00 | 59.00 | 58.00 | 58.00 | 58.00 | 58.00 | 58.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 56.00 | 55.00 | 55.00 |
| Shares Outstanding | 0.1% | 15.00 | 15.00 | 15.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 13.00 | 14.00 | 14.00 | 14.00 | 13.00 | 13.00 | 13.00 | 14.00 | 13.00 |
Cashflow (Last 12 Months)(In Thousands)
| Cashflow (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 6.0% | 23,771 | 22,424 | 2,138 | 1,001 | -6,503 | -7,078 | 8,153 | 10,903 | 12,333 | 11,059 | 9,472 | 6,656 | 8,263 | 8,556 | 7,807 | 14,733 | 9,158 | 10,758 | 9,369 | 4,548 | 8,075 |
| Share Based Compensation | 15.3% | 3,196 | 2,773 | 2,559 | 2,339 | 1,961 | 1,667 | 1,431 | 1,280 | 1,198 | 1,068 | 822 | 774 | 735 | 955 | 1,431 | 1,729 | 2,051 | 2,136 | 2,058 | 2,003 | 2,034 |
| Cashflow From Investing | -453.1% | -130,946 | -23,673 | -108,972 | -8,197 | -91.00 | -825 | -13,998 | -13,600 | -7.73 | 3,020 | -400 | -41.00 | -4,821 | -7,248 | -12,368 | -12,962 | -11,769 | -10,283 | -12,543 | -12,607 | -15,399 |
| Cashflow From Financing | 0.1% | 124,445 | 124,352 | 124,355 | 10,655 | -518 | -512 | -623 | -536 | -299 | -315 | -507 | -247 | -193 | -638 | -209 | -236 | -644 | -1,709 | -1,920 | -1,928 | -3,135 |
| Buy Backs | - | - | - | - | - | - | - | - | - | 1.00 | - | - | 429 | 857 | 1,715 | - | - | 1,556 | - | - | 1,760 | 2,616 |
CLFD Income Statement
2023-06-30Consolidated Statements of Earnings (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales | $ 61,284,000 | $ 71,250,000 | $ 219,035,000 | $ 175,854,000 |
| Cost of sales | 145,750,000 | 100,411,000 | ||
| Gross profit | 19,074,000 | 29,307,000 | 73,285,000 | 75,443,000 |
| Operating expenses | ||||
| Selling, general and administrative | 13,449,000 | 12,721,000 | 37,714,000 | 33,877,000 |
| Income from operations | 5,625,000 | 16,586,000 | 35,571,000 | 41,566,000 |
| Net investment income | 1,630,000 | 43,000 | 3,328,000 | 284,000 |
| Interest expense | (195,000) | 0 | (551,000) | 0 |
| Income before income taxes | 7,060,000 | 16,629,000 | 38,348,000 | 41,850,000 |
| Income tax expense | 1,842,000 | 3,884,000 | 8,511,000 | 9,480,000 |
| Net income | $ 5,218,000 | $ 12,745,000 | $ 29,837,000 | $ 32,370,000 |
| Net income per share Basic (in dollars per share) | $ 0.33 | $ 0.93 | $ 2.01 | $ 2.35 |
| Net income per share Diluted (in dollars per share) | $ 0.33 | $ 0.92 | $ 2.00 | $ 2.33 |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 15,254,341 | 13,772,269 | 14,880,666 | 13,760,950 |
| Diluted (in shares) | 15,254,341 | 13,899,698 | 14,929,405 | 13,900,019 |
CLFD Balance Sheet
2023-06-30Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 31,385,000 | $ 16,650,000 |
| Short-term investments | 130,726,000 | 5,802,000 |
| Accounts receivables, net | 31,944,000 | 53,704,000 |
| Inventories, net | 105,003,000 | 82,208,000 |
| Other current assets | 4,084,000 | 1,758,000 |
| Total current assets | 303,142,000 | 160,122,000 |
| Property, plant and equipment, net | 21,318,000 | 18,229,000 |
| Other Assets | ||
| Long-term investments | 6,556,000 | 22,747,000 |
| Goodwill | 6,581,000 | 6,402,000 |
| Intangible assets, net | 6,344,000 | 6,376,000 |
| Right-of-use lease assets | 14,773,000 | 13,256,000 |
| Deferred tax asset | 998,000 | 1,414,000 |
| Other | 1,489,000 | 582,000 |
| Total other assets | 36,741,000 | 50,777,000 |
| Total Assets | 361,201,000 | 229,128,000 |
| Current Liabilities | ||
| Current portion of lease liability | 3,722,000 | 3,385,000 |
| Debt | 2,174,000 | 0 |
| Accounts payable | 11,641,000 | 24,118,000 |
| Accrued compensation | 7,319,000 | 13,619,000 |
| Accrued expenses | 3,335,000 | 6,181,000 |
| Factoring liability | 8,722,000 | 4,391,000 |
| Total current liabilities | 36,913,000 | 51,694,000 |
| Other Liabilities | ||
| Long-term debt | 0 | 18,666,000 |
| Long-term portion of lease liability | 11,572,000 | 10,412,000 |
| Deferred tax liability | 782,000 | 774,000 |
| Total liabilities | 49,267,000 | 81,546,000 |
| Shareholders’ Equity | ||
| Preferred stock, $.01 par value; 500,000 shares; no shares issued or outstanding | 0 | 0 |
| Common stock, authorized 50,000,000, $.01 par value; 15,254,711 and 13,818,452 shares issued and outstanding as of March 31, 2023 and September 30, 2022, respectively | 153,000 | 138,000 |
| Additional paid-in capital | 187,409,000 | 54,539,000 |
| Accumulated other comprehensive loss | 268,000 | 1,898,000 |
| Retained earnings | 124,640,000 | 94,803,000 |
| Total shareholders’ equity | 311,934,000 | 147,582,000 |
| Total Liabilities and Shareholders’ Equity | $ 361,201,000 | $ 229,128,000 |
Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. The company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. It also provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. The company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and multiple systems operators and cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.