CLFD
Clearfield, Inc.
CLFD's outlook is improving, though it still trails on the overall score.
MU
Micron Technology, Inc.
MU has the edge over CLFD overall, supported by stronger valuation and stronger fundamentals.
CLFD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Under pressure | |
| Stable | |
| Healthy |
CLFD's balance sheet is currently healthy, and its cash flow is stable, but its revenue and profitability are under pressure.
MU Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
MU's revenue, profitability, cash flow and balance sheet are all currently strong.
CLFD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | N/A | N/A |
| Fair | 37x | N/A | N/A |
| Expensive | 46x | N/A | N/A |
| Forward | 64x | $31.27 | — |
| Current | 223x | $31.27 | — |
Historical ranges are pointers, not guarantees.
CLFD's PE is 223x, but its earnings don't support one, so it isn't a reliable read right now.
MU PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 4.6x | $798 | — |
| Cheap | 10x | $777 | -2.7% |
| Current | 11x | $798 | — |
| Fair | 22x | $1,646 | +106% |
| Expensive | 32x | $2,404 | +201% |
Historical ranges are pointers, not guarantees.
MU's PE is in its cheap range at 11x. If earnings grow as analysts expect, today's price would be 4.6x next year's earnings.
CLFD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for CLFD, with profitability improving.
MU Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for MU, with profitability improving.
CLFD Earnings Per Share
CLFD and MU do not have enough comparable growth data to identify a winner.
MU Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $174.95 | +135% |
| Q3 2026 | $74.33 | +879% |
| Q2 2026 | $44.17 | +693% |
| Q1 2026 | $21.18 | +405% |
| Q4 2025 | $10.52 | +201% |
| Q3 2025 | $7.59 | +984% |
| Q2 2025 | $5.57 | +$6.99 |
| Q1 2025 | $4.19 | +$7.64 |
| Q4 2024 | $3.49 | +$9.77 |
MU's earnings per share have climbed steadily: $74.33 over the past year, about 10 times what it earned the year before, and higher year over year for 10 quarters in a row.
CLFD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $43.9M | -12% |
| Q1 2026 | $34.4M | -27% |
| Q4 2025 | $34.3M | -3.2% |
| Q3 2025 | $17.6M | -62% |
| Q2 2025 | $49.9M | +2.3% |
| Q1 2025 | $47.2M | +28% |
| Q4 2024 | $35.5M | +3.6% |
| Q3 2024 | $46.8M | -5.9% |
CLFD's revenue has slid since its 2022 peak: $44M last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.9% | +2.9 points |
| Q1 2026 | -6% | -6.6 points |
| Q4 2025 | -5.3% | +5.9 points |
| Q3 2025 | 25% | +31 points |
| Q2 2025 | 3% | +7.7 points |
| Q1 2025 | 0.6% | +27 points |
| Q4 2024 | -11% | +13 points |
| Q3 2024 | -6.4% | -9.9 points |
CLFD's operating margin was 5.9% last quarter, up 2.9 points from the same quarter a year ago.
MU Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $54.2B | +379% |
| Q2 2026 | $41.5B | +346% |
| Q1 2026 | $23.9B | +196% |
| Q4 2025 | $13.6B | +57% |
| Q3 2025 | $11.3B | +46% |
| Q2 2025 | $9.3B | +37% |
| Q1 2025 | $8.1B | +38% |
| Q4 2024 | $8.7B | +84% |
MU has the edge over CLFD on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 81% | +48 points |
| Q2 2026 | 80% | +57 points |
| Q1 2026 | 68% | +46 points |
| Q4 2025 | 45% | +20 points |
| Q3 2025 | 32% | +13 points |
| Q2 2025 | 23% | +13 points |
| Q1 2025 | 22% | +19 points |
| Q4 2024 | 25% | +49 points |
MU has the edge over CLFD on profitability, with a higher operating margin.
CLFD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $8.9M | +19% |
| Q1 2026 | -$2.1M | -420% |
| Q4 2025 | -$2.4M | -148% |
| Q3 2025 | $8.9M | -9% |
| Q2 2025 | $7.5M | +184% |
| Q1 2025 | $654K | +$5.9M |
| Q4 2024 | $5.1M | -7.2% |
| Q3 2024 | $9.8M | +82% |
CLFD still generates free cash flow, though less than at its 2024 peak: $13M over the past year.
MU Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $32.9B | +45543% |
| Q2 2026 | $17.6B | +951% |
| Q1 2026 | $5.5B | +$5.6B |
| Q4 2025 | $3B | +7853% |
| Q3 2025 | $72M | -75% |
| Q2 2025 | $1.7B | +322% |
| Q1 2025 | -$113M | +$52M |
| Q4 2024 | $38M | +$433M |
MU has the edge over CLFD on cash flow, with more consistent year-over-year improvement.
CLFD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -78.4K shares |
| 1 year | -1.7% | -242K shares |
| 3 years | -11% | -1.7M shares |
| 5 years | -1.6% | -220K shares |
| Available history | +1% | +141K shares |
CLFD has the edge over MU on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $897,000 |
| Q1 2026 | $7.3M |
| Q4 2025 | $5.3M |
| Q3 2025 | $12,000 |
| Q2 2025 | $5.7M |
| Q1 2025 | $4.7M |
| Q4 2024 | $6.3M |
| Q3 2024 | — |
CLFD spent $14M buying back its own shares over the past year, down 19% from the year before.
MU Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -2M shares |
| 1 year | +1.6% | +18M shares |
| 3 years | +4.6% | +50M shares |
| 5 years | +0.2% | +2M shares |
| Available history | +1.2% | +14M shares |
MU has 1.1B diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $350M |
| Q4 2025 | $300M |
| Q3 2024 | $300M |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
MU has spent almost nothing on buybacks in the past year.
CLFD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -2.5x | Net Cash |
| Q1 2026 | -1.3x | Net Cash |
| Q4 2025 | -1.4x | Net Cash |
| Q3 2025 | -2.7x | Net Cash |
| Q2 2025 | -13.5x | Net Cash |
| Q4 2023 | -1.8x | Net Cash |
| Q3 2023 | -0.8x | Net Cash |
| Q2 2023 | -0.5x | Net Cash |
CLFD has the edge over MU on leverage, with a lower net debt burden relative to earnings.
MU Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.3x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | 0.3x | Very low |
| Q2 2025 | 0.3x | Very low |
| Q1 2025 | 0.5x | Very low |
| Q4 2024 | 0.6x | Very low |
MU has more cash than debt.
CLFD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.5 | Neutral |
| Stochastic | 55.1 | Neutral |
CLFD's weekly RSI is 50 (neutral) and its Stochastic is 55 (neutral).
MU Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.1 | Neutral |
| Stochastic | 26.9 | Neutral |
MU's weekly RSI is 47 (neutral) and its Stochastic is 27 (neutral).
CLFD PE vs Technology Sector
| Metric | CLFD | Sector median | Relative |
|---|---|---|---|
| PE | 223x | 28x | 702% above |
| PE % | 94 | 35 | 59 pts above |
CLFD is trading at 223x earnings, a 702% premium to the Technology sector's median of 28x, though its earnings don't support one.
MU PE vs Technology Sector
| Metric | MU | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 28x | 61% below |
| PE % | 18 | 35 | 17 pts below |
MU has the edge over CLFD on valuation relative to its sector.
CLFD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $31.0 | 1% above |
| 20 week MA | $30.5 | 2.6% above |
| 50 week MA | $31.9 | 2% below |
| 100 week MA | $33.1 | 5.6% below |
| 200 week MA | $35.4 | 12% below |
CLFD has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 12% below its 200-week average.
MU Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $914.5 | 13% below |
| 20 week MA | $931.0 | 14% below |
| 50 week MA | $685.9 | 16% above |
| 100 week MA | $405.4 | 97% above |
| 200 week MA | $246.0 | 225% above |
MU has the edge over CLFD on trend strength, trading above more of its moving averages.
CLFD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.9 | $24.8 | +78% |
| 2021 | $24.8 | $78.5 | +217% |
| 2022 | $78.5 | $95.5 | +22% |
| 2023 | $95.5 | $29.1 | -70% |
| 2024 | $29.1 | $31.1 | +7% |
| 2025 | $31.1 | $30.2 | -3.1% |
| 2026 YTD | $30.2 | $31.3 | +3.6% |
CLFD's yearly returns have swung widely, from +217% in 2021 to −70% in 2023. It's up 3.6% so far in 2026.
MU Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.0 | $70.6 | +31% |
| 2021 | $70.6 | $94.4 | +34% |
| 2022 | $94.4 | $50.2 | -47% |
| 2023 | $50.2 | $85.3 | +70% |
| 2024 | $85.3 | $88.6 | +3.9% |
| 2025 | $88.6 | $284.8 | +221% |
| 2026 YTD | $284.8 | $798.4 | +180% |
MU has the edge over CLFD on returns for 2026, with the stronger performance.