Clearfield, Inc.

Clearfield, Inc. designs, manufactures, and distributes fiber management, fiber protection, and fiber delivery products used to speed up broadband network deployment. Its products help service providers build FTTH, MDU/MTU, business, and wireless backhaul networks with less labor, less material, and faster time to revenue.

5,5 %

33,7 %

−5,4 %

−9,9 %

5.42

4.27

— Clearfield, Inc.
%
Fiber management and protection45% Hardware that organizes, protects, and routes fiber in access and network environments.
Fiber delivery and drop solutions30% FieldShield and related products that connect fiber access points to homes and premises.
Fiber assemblies and custom connectivity15% Standard and customer-specific fiber assemblies built for OEMs and network operators.
Connector cleaning and installation accessories5% Products such as ClearPass that simplify installation and improve network performance.
Legacy build-to-print and contract manufacturing5% Legacy copper and fiber assembly work and related manufacturing services.

Clearfield sells primarily to broadband service providers that are building or expanding fiber networks, especially in...

  • Community Broadbandprimary

    Tier 2/3 telcos, utilities, municipalities, and alternative carriers buying fiber deployment hardware to expand local broadband networks.

  • Large Regional Service Providersprimary

    ILECs with multi-state networks that use Clearfield products to scale FTTH and access network builds.

  • National Carriersprimary

    Tier 1 wireline and wireless carriers buying fiber management and delivery products for access, backhaul, and fronthaul.

  • Multiple System Operatorssecondary

    Cable operators using fiber products for business services and network upgrades.

  • Distributorssecondary

    Channel partners that purchase inventory for resale to broadband operators and other end users.

  • International broadband customerssecondary

    Customers in Canada, Mexico, the Caribbean, and Central/South America buying fiber deployment products.

Clearfield’s business is centered in North America, with sales primarily in the United States and additional demand in...

  • •Primary sales market is the United States
  • •International sales are mainly Canada, Mexico, and the Caribbean
  • •Final build and assembly in Minnesota and Tijuana
  • •Uses domestic and global manufacturing partners
  • •Cross-border shipping affects delivery speed and cost

Clearfield’s strategy is to win fiber deployment share by making network builds faster, simpler, and less...

01
Accelerate broadband deployment economicsshort-term

Customers buy Clearfield to lower labor and material needs while speeding time to revenue.

02
Improve supply chain resilienceshort-term

Single- and limited-source components can disrupt delivery and raise costs.

03
Broaden addressable network applicationsmedium-term

The same fiber platform can serve access, backhaul, fronthaul, and data center environments.

04
Concentrate on core fiber platformshort-term

A more focused portfolio can improve execution and capital allocation.

Clearfield depends on a supply chain for specialized components, so shortages, shipping delays, or supplier...

high

Supply chain disruption for critical components

The company relies on third-party suppliers for molded parts, cabling, optical components, and connectors.

Scope
Single- and limited-source suppliers
Materiality
high
high

Geopolitical and macroeconomic disruption

Trade tensions, sanctions, energy costs, and global conflicts can affect sourcing, shipping, and customer demand.

Scope
North America and global supply chain
Materiality
high
medium

Product performance or specification failures

Customers use the products in network builds where defects can delay deployments and harm reputation.

Scope
Fiber management and delivery hardware
Materiality
high
medium

Cybersecurity incidents

Attacks could disrupt operations, compromise confidential data, and create remediation costs.

Scope
IT systems, suppliers, customers, and third-party providers
Materiality
medium
Inventory valuation
Can move gross margin and inventory write-downs
Goodwill and intangible impairment
Can create non-cash charges if business performance weakens
Fair value of investments
Can affect other income and reported liquidity
Stock-based compensation
Affects operating expenses and earnings per share
Discontinued operations from Nestor Cables sale
Affects trend analysis and segment comparisons

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: 28/04/2026