$43.73

+0.95 (+2.22%)

Weekly Expected Move ±16.1%

$29 $36 $44 $51 $58

NASDAQ · Technology · Communication Equipment · Alpha Radar Strong Buy · Power 71 · $594.3M mcap · 11M float · 1.85% daily turnover · Short 73% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NO EDGE

35.6 / 100

NoneWeakNarrowWide

Primary source: Efficient Scale · ROIC: 0.9% · 5Y Avg: 1056.4%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale ★

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. CLFD has No discernible competitive edge (35.6/100). The business operates without significant structural advantages. The primary source of advantage is Efficient Scale. ROIC of 0.9% suggests modest returns relative to capital deployed.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$44

Low

$44

Avg Target

$44

High

Based on 5 analyst ratings (12 mo)

Analyst Recommendations

Strong Buy: 0Buy: 7Hold: 0Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$44.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-05-03	Roth Capital	Scott Searle	$43	$44	+1	+49.5%	$29.43
2025-11-26	Lake Street	—	$47	$41	-6	+41.7%	$28.93
2025-11-26	Needham	—	$50	$45	-5	+55.5%	$28.93
2025-11-25	Roth Capital	—	Initiated	$43	—	+53.4%	$28.03
2025-08-07	Northland Securities	Tim Savageaux	$40	$45	+5	+35.3%	$33.26
2024-09-24	Needham	Ryan Koontz	$60	$50	-10	+29.0%	$38.76
2024-08-02	Lake Street	Jaeson Schmidt	Initiated	$47	—	+10.2%	$42.64
2024-08-02	Loop Capital Markets	Jaeson Schmidt	$31	$47	+16	+20.5%	$39.02
2024-05-03	Northland Securities	Tim Savageaux	$105	$40	-65	+11.1%	$36.01
2024-05-03	Loop Capital Markets	Jaeson Schmidt	Initiated	$31	—	-14.8%	$36.38
2023-06-16	Needham	Ryan Koontz	$135	$60	-75	+23.9%	$48.41
2023-02-03	Northland Securities	—	$120	$105	-15	+69.0%	$62.12
2023-02-03	Cowen & Co.	—	Initiated	$114	—	+80.7%	$63.08
2022-11-18	Northland Securities	—	$110	$120	+10	+0.3%	$119.66
2022-11-18	Needham	—	Initiated	$135	—	+17.6%	$114.75
2022-09-06	Northland Securities	Tim Savageaux	Initiated	$110	—	+11.1%	$98.99

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B-

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. CLFD receives an overall rating of B-. Strongest factors: D/E (4/5), P/B (4/5). Areas of concern: ROE (1/5), ROA (1/5), P/E (1/5).

Rating Change History

Date	From	To
2026-05-22	C+	B-
2026-02-24	B-	C+
2026-02-20	C+	B-
2026-02-18	B-	C+
2026-02-17	C+	B-
2026-02-12	B-	C+
2026-02-06	C+	B-
2026-02-02	B-	C+
2026-01-20	C+	B-
2026-01-03	C	C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 34 Grade D

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. CLFD scores highest in Safety (100/100) and lowest in Profitability (10/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

5.98

Safe Zone

Piotroski F-Score

4/9

✗ ✓ ✗ ✓ ✗ ✗ ✓ ✓ ✗

Beneish M-Score

-2.28

Unlikely Manipulator

Ohlson O-Score

-9.00

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

AAA

Score: 95.3/100

Trend: Improving

Earnings Quality

—

OCF/NI: -2.10x

Accruals: -8.6%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. CLFD scores 5.98, placing it in the Safe Zone (safe > 2.99, distress < 1.81). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. CLFD scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. CLFD's score of -2.28 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. CLFD's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. CLFD receives an estimated rating of AAA (score: 95.3/100), with a improving trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

-69.40x

PEG

0.02x

P/S

4.36x

P/B

2.46x

P/FCF

22.49x

P/OCF

19.97x

EV/EBITDA

24.06x

EV/Revenue

1.94x

EV/EBIT

37.94x

EV/FCF

16.45x

Earnings Yield

-2.38%

FCF Yield

4.45%

Shareholder Yield

5.04%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. CLFD currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

-1.046

NI / EBT

Interest Burden

1.181

EBT / EBIT

EBIT Margin

0.051

EBIT / Rev

Asset Turnover

0.438

Rev / Assets

Equity Multiplier

1.168

Assets / Equity

ROE

-3.2%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. CLFD's ROE of -3.2% is driven by Asset Turnover (0.438), indicating efficient use of assets to generate revenue. A tax burden ratio of -1.05 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

—

Price/Value

—

Margin of Safety

—

Premium

—

Assessment

Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$43.73

Median 1Y

$43.72

5th Pctile

$17.74

95th Pctile

$107.92

Ann. Volatility

56.0%

Analyst Target

$44.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Cheryl Beranek President and Chief Executive Officer	$460,000	$999,986	$1,613,404
John P. Hill Chief Operating Officer	$437,762	$999,986	$1,584,728
Daniel R. Herzog Chief Financial Officer	$360,400	$499,962	$980,580

CEO Pay Ratio

8:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,613,404

Avg Employee Cost (SGA/emp): $199,255

Employees: 243

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

243

-39.2% YoY

Revenue / Employee

$617,835

Rev: $150,134,000

Profit / Employee

$-33,128

NI: $-8,050,000

SGA / Employee

$199,255

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	20.2%	21.8%	29.5%	35.5%	42.7%	39.3%	42.3%	43.2%	37.3%	14.1%	5.6%	-1.4%	-3.9%	-4.2%	-3.1%	-0.6%	0.1%	-3.0%	-2.5%	-3.2%	-3.24%
ROA	18.0%	18.4%	24.9%	30.0%	36.0%	27.8%	30.0%	30.6%	26.4%	11.1%	4.5%	-1.1%	-3.1%	-3.7%	-2.7%	-0.6%	0.1%	-2.6%	-2.2%	-2.8%	-2.77%
ROIC	26.5%	24.1%	32.8%	39.6%	47.7%	30.5%	32.9%	33.0%	27.7%	17.8%	5.1%	-5.1%	-8.9%	-11.4%	-9.4%	-4.5%	-0.6%	1.0%	2.0%	0.9%	0.90%
ROCE	23.0%	23.9%	32.8%	40.0%	48.5%	36.1%	38.8%	38.8%	32.6%	11.4%	4.1%	-2.0%	-3.9%	-5.4%	-4.1%	-0.7%	0.5%	3.3%	4.0%	2.6%	2.59%
Gross Margin	44.2%	43.6%	44.9%	43.3%	41.1%	39.5%	35.7%	32.8%	31.1%	24.1%	13.7%	7.7%	21.9%	22.8%	23.1%	30.1%	30.5%	73.5%	33.2%	32.5%	32.45%
Operating Margin	19.9%	20.7%	25.5%	22.3%	23.3%	23.4%	20.8%	16.8%	9.2%	3.5%	-23.8%	-26.4%	-4.7%	-6.4%	-11.2%	0.6%	3.0%	24.6%	-5.3%	-6.0%	-6.02%
Net Margin	15.7%	16.4%	20.3%	17.3%	17.9%	17.9%	16.6%	14.4%	8.5%	5.4%	-15.4%	-16.0%	-0.9%	-1.8%	-5.4%	2.8%	3.2%	-51.6%	-1.8%	-1.5%	-1.54%
EBITDA Margin	21.4%	22.0%	26.8%	23.9%	24.4%	24.7%	22.4%	18.8%	11.8%	6.8%	-12.8%	-16.3%	2.7%	1.6%	-1.1%	7.9%	10.3%	37.5%	3.9%	-6.0%	-6.02%
FCF Margin	8.7%	6.3%	2.7%	-7.0%	-6.3%	-3.0%	-2.3%	4.1%	4.7%	4.3%	8.4%	3.6%	4.4%	7.6%	7.3%	10.1%	12.7%	16.5%	12.5%	11.8%	11.81%
OCF Margin	10.0%	7.7%	4.9%	-3.8%	-2.9%	0.4%	0.7%	6.9%	7.6%	7.4%	12.3%	7.9%	8.8%	13.3%	12.8%	15.6%	17.8%	19.6%	14.9%	13.3%	13.30%
ROE 3Y Avg	snapshot only																				-1.69%
ROE 5Y Avg	snapshot only																				12.74%
ROA 3Y Avg	snapshot only																				-1.44%
ROIC 3Y Avg	snapshot only																				-0.33%
ROIC Economic	snapshot only																				0.55%
Cash ROA	snapshot only																				5.92%
Cash ROIC	snapshot only																				11.40%
CROIC	snapshot only																				10.12%
NOPAT Margin	snapshot only																				1.05%
Pretax Margin	snapshot only																				6.04%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				35.81%
SBC / Revenue	snapshot only																				1.90%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	32.43	30.10	42.58	27.35	21.64	29.52	25.26	13.08	15.42	13.44	34.00	-138.18	-61.53	-44.53	-48.47	-226.07	3002.67	-59.41	-59.82	-42.01	-69.400
P/S Ratio	4.21	4.35	7.12	4.81	3.89	5.38	4.40	2.19	2.30	1.63	2.04	2.48	3.24	3.33	2.62	2.35	3.35	3.19	2.71	2.66	4.363
P/B Ratio	6.25	5.89	11.30	8.73	8.29	9.87	9.11	4.82	4.89	1.39	1.40	1.43	1.74	2.01	1.60	1.52	2.18	1.87	1.58	1.41	2.462
P/FCF	48.14	69.09	264.60	-68.25	-61.34	-178.83	-187.50	53.36	48.61	37.62	24.37	69.52	72.97	43.82	35.76	23.37	26.46	19.36	21.76	22.49	22.487
P/OCF	41.94	56.12	143.92	—	—	1455.50	628.99	31.70	30.39	21.85	16.55	31.19	36.65	24.96	20.45	15.06	18.84	16.24	18.18	19.97	19.970
EV/EBITDA	22.54	21.46	31.19	19.82	15.63	21.86	18.65	9.85	11.61	6.59	14.76	1872.12	-69.60	-52.66	-75.01	56.15	52.70	25.30	18.29	24.06	24.058
EV/Revenue	4.01	4.20	6.99	4.70	3.80	5.43	4.45	2.24	2.35	1.06	1.34	1.64	2.35	2.63	1.94	1.70	2.71	2.54	2.06	1.94	1.943
EV/EBIT	25.22	23.41	33.33	21.00	16.44	23.00	19.75	10.54	12.74	7.66	21.86	-45.08	-30.98	-27.88	-27.35	-141.41	321.46	42.62	28.19	37.94	37.941
EV/FCF	45.89	66.71	259.85	-66.66	-59.84	-180.60	-189.51	54.44	49.58	24.57	16.02	46.15	52.83	34.70	26.39	16.93	21.37	15.42	16.53	16.45	16.445
Earnings Yield	3.1%	3.3%	2.3%	3.7%	4.6%	3.4%	4.0%	7.6%	6.5%	7.4%	2.9%	-0.7%	-1.6%	-2.2%	-2.1%	-0.4%	0.0%	-1.7%	-1.7%	-2.4%	-2.38%
FCF Yield	2.1%	1.4%	0.4%	-1.5%	-1.6%	-0.6%	-0.5%	1.9%	2.1%	2.7%	4.1%	1.4%	1.4%	2.3%	2.8%	4.3%	3.8%	5.2%	4.6%	4.4%	4.45%
PEG Ratio	snapshot only																				0.017
Price/Tangible Book	snapshot only																				1.495
EV/OCF	snapshot only																				14.605
EV/Gross Profit	snapshot only																				5.218
Acquirers Multiple	snapshot only																				136.622
Shareholder Yield	snapshot only																				5.04%

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	5.04	3.49	3.49	3.49	3.49	3.10	3.10	3.10	3.10	10.21	10.21	10.21	10.21	9.43	9.43	9.43	9.43	5.42	5.42	5.42	5.423
Quick Ratio	3.66	2.15	2.15	2.15	2.15	1.51	1.51	1.51	1.51	6.83	6.83	6.83	6.83	7.12	7.12	7.12	7.12	4.27	4.27	4.27	4.274
Debt/Equity	0.03	0.02	0.02	0.02	0.02	0.25	0.25	0.25	0.25	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.03	0.03	0.03	0.034
Net Debt/Equity	-0.29	-0.20	-0.20	-0.20	-0.20	0.10	0.10	0.10	0.10	-0.48	-0.48	-0.48	-0.48	-0.42	-0.42	-0.42	-0.42	-0.38	-0.38	-0.38	-0.380
Debt/Assets	0.03	0.02	0.02	0.02	0.02	0.16	0.16	0.16	0.16	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.029
Debt/EBITDA	0.13	0.09	0.07	0.06	0.05	0.55	0.51	0.50	0.58	0.38	0.84	102.99	-2.88	-1.62	-3.12	2.50	1.47	0.58	0.52	0.80	0.796
Net Debt/EBITDA	-1.11	-0.76	-0.57	-0.47	-0.39	0.21	0.20	0.20	0.23	-3.50	-7.70	-947.72	26.53	13.85	26.63	-21.36	-12.54	-6.45	-5.79	-8.84	-8.838
Interest Coverage	—	—	—	—	—	205.73	124.23	103.34	67.16	42.37	17.44	-8.82	-18.06	-31.13	-24.77	-4.80	3.77	32.51	62.26	65.80	65.802
Equity Multiplier	1.15	1.21	1.21	1.21	1.21	1.55	1.55	1.55	1.55	1.13	1.13	1.13	1.13	1.14	1.14	1.14	1.14	1.20	1.20	1.20	1.195
Cash Ratio	snapshot only																				2.895
Debt Service Coverage	snapshot only																				103.774
Cash to Debt	snapshot only																				12.102
FCF to Debt	snapshot only																				1.838
Defensive Interval	snapshot only																				927.7 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	1.39	1.27	1.49	1.70	2.00	1.53	1.72	1.83	1.77	0.92	0.74	0.62	0.58	0.50	0.50	0.53	0.53	0.48	0.48	0.44	0.438
Inventory Turnover	5.99	3.80	4.39	5.04	6.01	2.88	3.37	3.70	3.70	2.04	1.75	1.59	1.55	1.79	1.76	1.74	1.70	2.03	1.94	1.74	1.743
Receivables Turnover	12.52	9.40	11.01	12.60	14.77	7.41	8.36	8.86	8.59	6.55	5.29	4.44	4.13	7.89	7.95	8.44	8.49	9.43	9.36	8.56	8.558
Payables Turnover	20.44	12.33	14.26	16.36	19.52	9.48	11.11	12.18	12.20	11.11	9.55	8.70	8.45	23.61	23.23	23.04	22.45	20.30	19.42	17.43	17.431
DSO	29	39	33	29	25	49	44	41	43	56	69	82	88	46	46	43	43	39	39	43	42.6 days
DIO	61	96	83	72	61	127	108	99	99	179	209	229	236	204	208	209	215	180	188	209	209.4 days
DPO	18	30	26	22	19	39	33	30	30	33	38	42	43	15	16	16	16	18	19	21	20.9 days
Cash Conversion Cycle	72	105	91	79	67	138	119	110	111	202	239	270	281	235	238	237	241	201	208	231	231.1 days
Fixed Asset Turnover	snapshot only																				7.525
Operating Cycle	snapshot only																				252.1 days
Cash Velocity	snapshot only																				1.285
Capital Intensity	snapshot only																				2.248

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	36.9%	51.2%	63.5%	71.3%	80.0%	92.4%	85.5%	71.8%	42.1%	-0.8%	-29.0%	-43.8%	-46.0%	-38.0%	-22.6%	-2.1%	5.7%	-9.9%	-11.3%	-23.6%	-23.56%
Net Income	1.6%	1.8%	1.8%	1.6%	1.5%	1.4%	93.2%	64.0%	17.7%	-34.1%	-75.6%	-1.1%	-1.2%	-1.4%	-1.7%	43.2%	1.0%	35.3%	25.7%	-3.6%	-3.65%
EPS	1.5%	1.7%	1.7%	1.6%	1.5%	1.4%	87.9%	49.4%	7.2%	-39.9%	-77.0%	-1.1%	-1.2%	-1.4%	-1.7%	41.1%	1.0%	33.8%	23.8%	-3.8%	-3.79%
FCF	1.0%	82.6%	-45.1%	-2.4%	-2.3%	-1.9%	-2.6%	2.0%	2.1%	2.4%	3.5%	-51.3%	-49.3%	8.9%	-32.1%	1.8%	2.0%	95.2%	50.8%	-10.2%	-10.22%
EBITDA	1.2%	1.4%	1.6%	1.5%	1.5%	1.4%	97.2%	64.7%	18.1%	-35.6%	-73.0%	-99.8%	-1.1%	-1.2%	-1.2%	32.8%	2.6%	2.8%	4.9%	1.0%	1.04%
Op. Income	1.8%	2.0%	2.0%	1.7%	1.6%	1.5%	98.6%	63.6%	13.5%	-41.6%	-83.6%	-1.2%	-1.3%	-1.6%	-2.7%	14.5%	71.7%	1.1%	1.2%	1.2%	1.21%
OCF Growth	snapshot only																				-34.88%
Asset Growth	snapshot only																				-2.89%
Equity Growth	snapshot only																				-7.11%
Debt Growth	snapshot only																				-35.21%
Shares Change	snapshot only																				-3.01%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	18.6%	21.9%	26.8%	31.4%	38.3%	47.1%	53.6%	55.8%	51.8%	42.4%	29.1%	18.3%	11.4%	5.8%	0.6%	-1.9%	-6.7%	-17.9%	-21.3%	-25.1%	-25.09%
Revenue 5Y	11.9%	13.3%	16.2%	19.1%	23.6%	29.6%	33.3%	35.2%	33.7%	28.2%	21.8%	17.0%	15.2%	14.4%	14.8%	15.8%	14.9%	10.0%	8.1%	4.4%	4.36%
EPS 3Y	61.9%	66.3%	82.9%	85.6%	1.0%	1.2%	1.3%	1.2%	89.1%	58.6%	5.6%	—	—	—	—	—	-82.8%	—	—	—	—
EPS 5Y	19.7%	20.9%	30.3%	37.3%	49.2%	65.4%	66.6%	77.7%	62.4%	46.2%	21.4%	—	—	—	—	—	-49.8%	—	—	—	—
Net Income 3Y	63.4%	68.2%	85.1%	87.7%	1.1%	1.2%	1.4%	1.3%	96.9%	64.6%	9.3%	—	—	—	—	—	-82.9%	—	—	—	—
Net Income 5Y	19.8%	21.2%	30.5%	37.5%	49.9%	66.6%	68.5%	82.3%	66.6%	50.1%	24.5%	—	—	—	—	—	-49.6%	—	—	—	—
EBITDA 3Y	53.9%	57.0%	67.4%	71.6%	88.9%	1.0%	1.2%	1.1%	84.5%	56.0%	10.8%	-79.3%	—	—	—	-50.6%	-44.5%	-39.3%	-38.7%	-46.9%	-46.93%
EBITDA 5Y	14.7%	17.7%	26.4%	33.3%	44.5%	57.5%	62.5%	72.9%	60.3%	43.5%	20.1%	-55.2%	—	—	—	-7.1%	-1.9%	5.7%	3.0%	-9.3%	-9.33%
Gross Profit 3Y	20.6%	25.4%	31.7%	37.3%	43.8%	51.2%	54.9%	53.3%	45.5%	31.0%	12.6%	-5.9%	-16.9%	-22.1%	-23.7%	-19.2%	-20.2%	-23.5%	-23.6%	-25.2%	-25.17%
Gross Profit 5Y	12.0%	13.2%	16.9%	19.9%	24.2%	30.1%	31.9%	32.6%	29.8%	22.4%	13.3%	3.8%	-1.1%	-2.4%	-0.1%	5.4%	6.1%	5.9%	5.3%	1.8%	1.82%
Op. Income 3Y	69.1%	70.7%	83.5%	87.1%	1.1%	1.3%	1.5%	1.4%	1.0%	64.4%	-1.3%	—	—	—	—	—	—	-67.9%	-60.4%	-69.6%	-69.58%
Op. Income 5Y	15.3%	18.6%	28.3%	35.9%	49.0%	64.4%	70.5%	87.6%	70.3%	49.0%	15.0%	—	—	—	—	—	—	-24.1%	-18.3%	-34.0%	-33.97%
FCF 3Y	16.7%	38.2%	-18.3%	—	—	—	—	35.0%	40.5%	33.8%	31.0%	-12.7%	-11.2%	12.6%	40.6%	—	—	—	—	6.5%	6.50%
FCF 5Y	11.8%	-2.3%	-9.0%	—	—	—	—	13.4%	17.0%	28.2%	17.4%	-7.4%	-0.7%	0.7%	20.8%	27.1%	33.5%	38.5%	18.1%	10.5%	10.53%
OCF 3Y	15.2%	33.8%	-4.5%	—	—	-59.2%	-35.1%	37.9%	42.2%	44.3%	41.3%	9.4%	6.7%	26.8%	38.3%	—	—	2.1%	1.2%	-6.9%	-6.86%
OCF 5Y	10.0%	-1.2%	-2.0%	—	—	-30.8%	-24.8%	21.2%	24.1%	34.5%	23.3%	6.1%	10.4%	8.6%	22.5%	26.6%	31.0%	34.6%	18.6%	10.4%	10.38%
Assets 3Y	11.1%	19.3%	19.3%	19.3%	19.3%	40.9%	40.9%	40.9%	40.9%	55.1%	55.1%	55.1%	55.1%	35.8%	35.8%	35.8%	35.8%	10.1%	10.1%	10.1%	10.14%
Assets 5Y	10.6%	12.3%	12.3%	12.3%	12.3%	26.9%	26.9%	26.9%	26.9%	36.8%	36.8%	36.8%	36.8%	30.9%	30.9%	30.9%	30.9%	26.3%	26.3%	26.3%	26.29%
Equity 3Y	8.6%	14.7%	14.7%	14.7%	14.7%	25.3%	25.3%	25.3%	25.3%	56.2%	56.2%	56.2%	56.2%	38.5%	38.5%	38.5%	38.5%	20.2%	20.2%	20.2%	20.18%
Book Value 3Y	7.6%	13.4%	13.3%	13.4%	13.4%	24.1%	23.4%	20.4%	20.3%	50.5%	50.8%	53.1%	54.6%	37.3%	37.5%	37.9%	38.7%	20.2%	21.4%	24.7%	24.67%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.75	0.64	0.61	0.61	0.65	0.66	0.70	0.74	0.81	0.82	0.66	0.49	0.45	0.39	0.27	0.19	0.14	0.03	0.01	0.00	0.001
Earnings Stability	0.37	0.39	0.49	0.57	0.64	0.69	0.75	0.81	0.86	0.71	0.34	0.10	0.04	0.00	0.01	0.02	0.05	0.18	0.29	0.34	0.341
Margin Stability	0.95	0.94	0.94	0.94	0.95	0.96	0.95	0.94	0.92	0.89	0.83	0.75	0.71	0.69	0.70	0.70	0.68	0.70	0.72	0.72	0.721
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.00	0.00	0.00	0.000
Earn. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.000
FCF Positive Streak	1	1	1	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.50	0.93	0.86	0.50	0.20	0.20	0.20	0.20	0.50	0.20	0.50	0.50	0.50	0.500
Earnings Smoothness	0.11	0.06	0.06	0.12	0.14	0.17	0.36	0.52	0.84	0.59	0.00	—	—	—	—	—	—	—	—	—	—
ROE Trend	0.12	0.12	0.18	0.21	0.25	0.19	0.17	0.13	0.03	-0.16	-0.27	-0.35	-0.38	-0.26	-0.23	-0.19	-0.14	-0.06	-0.03	-0.03	-0.025
Gross Margin Trend	0.04	0.04	0.04	0.03	0.02	-0.00	-0.03	-0.06	-0.08	-0.11	-0.14	-0.19	-0.21	-0.19	-0.14	-0.05	0.00	0.09	0.13	0.14	0.144
FCF Margin Trend	0.01	-0.03	-0.04	-0.15	-0.14	-0.09	-0.08	0.03	0.04	0.03	0.08	0.05	0.05	0.07	0.04	0.06	0.08	0.10	0.05	0.05	0.050
Sustainable Growth Rate	20.2%	21.8%	29.5%	35.5%	42.7%	39.3%	42.3%	43.2%	37.3%	14.1%	5.6%	—	—	—	—	—	0.1%	—	—	—	—
Internal Growth Rate	22.0%	22.5%	33.2%	42.8%	56.2%	38.5%	42.8%	44.1%	35.8%	12.5%	4.7%	—	—	—	—	—	0.1%	—	—	—	—

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	0.77	0.54	0.30	-0.21	-0.16	0.02	0.04	0.41	0.51	0.62	2.05	-4.43	-1.68	-1.78	-2.37	-15.02	159.38	-3.66	-3.29	-2.10	-2.104
FCF/OCF	0.87	0.81	0.54	1.88	2.16	-8.14	-3.35	0.59	0.63	0.58	0.68	0.45	0.50	0.57	0.57	0.64	0.71	0.84	0.84	0.89	0.888
FCF/Net Income	snapshot only																				-1.868
OCF/EBITDA	snapshot only																				1.647
CapEx/Revenue	1.3%	1.5%	2.3%	3.3%	3.4%	3.4%	3.0%	2.8%	2.8%	3.1%	4.0%	4.4%	4.4%	5.7%	5.5%	5.6%	5.1%	3.2%	2.5%	1.5%	1.49%
CapEx/Depreciation	snapshot only																				0.504
Accruals Ratio	0.04	0.09	0.18	0.36	0.42	0.27	0.29	0.18	0.13	0.04	-0.05	-0.06	-0.08	-0.10	-0.09	-0.09	-0.09	-0.12	-0.09	-0.09	-0.086
Sloan Accruals	snapshot only																				-0.152
Cash Flow Adequacy	snapshot only																				8.935

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	—	—	0.0%	—	—	—	—
FCF Payout Ratio	0.0%	0.0%	0.0%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	1.5%	3.2%	3.3%	2.4%	2.0%	3.1%	4.2%	3.8%	4.5%	3.8%	95.7%	—	—	—	—	—	87.1%	—	—	—	—
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	0.0%	0.1%	0.1%	0.1%	0.1%	0.1%	0.2%	0.3%	0.3%	0.3%	2.8%	6.2%	6.1%	6.1%	6.4%	4.1%	2.9%	3.6%	3.9%	5.0%	5.04%
Net Buyback Yield	-0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	-9.5%	-18.1%	-17.8%	-29.6%	2.6%	6.1%	6.0%	6.0%	6.3%	4.0%	2.8%	3.5%	3.7%	4.9%	4.89%
Total Shareholder Return	-0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	-9.5%	-18.1%	-17.8%	-29.6%	2.6%	6.1%	6.0%	6.0%	6.3%	4.0%	2.8%	3.5%	3.7%	4.9%	4.89%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.79	0.79	0.79	0.78	0.78	0.77	0.78	0.78	0.78	0.78	0.75	0.84	0.77	0.77	0.73	0.71	0.18	-0.93	-0.63	-1.05	-1.046
Interest Burden (EBT/EBIT)	1.03	1.02	1.01	1.01	1.00	1.00	1.00	1.02	1.04	1.12	1.31	0.59	0.91	1.03	1.04	1.21	0.73	0.97	0.98	1.18	1.181
EBIT Margin	0.16	0.18	0.21	0.22	0.23	0.24	0.23	0.21	0.18	0.14	0.06	-0.04	-0.08	-0.09	-0.07	-0.01	0.01	0.06	0.07	0.05	0.051
Asset Turnover	1.39	1.27	1.49	1.70	2.00	1.53	1.72	1.83	1.77	0.92	0.74	0.62	0.58	0.50	0.50	0.53	0.53	0.48	0.48	0.44	0.438
Equity Multiplier	1.12	1.19	1.19	1.19	1.19	1.41	1.41	1.41	1.41	1.26	1.26	1.26	1.26	1.14	1.14	1.14	1.14	1.17	1.17	1.17	1.168

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.15	$1.47	$1.98	$2.38	$2.86	$3.55	$3.73	$3.56	$3.07	$2.13	$0.86	$-0.22	$-0.63	$-0.87	$-0.64	$-0.13	$0.01	$-0.58	$-0.49	$-0.63	$-0.63
Book Value/Share	$5.99	$7.49	$7.47	$7.47	$7.47	$10.60	$10.33	$9.67	$9.67	$20.65	$20.72	$21.54	$22.12	$19.37	$19.40	$19.56	$19.93	$18.41	$18.47	$18.74	$17.76
Tangible Book/Share	$5.30	$6.81	$6.79	$6.79	$6.79	$9.68	$9.44	$8.83	$8.84	$19.83	$19.89	$20.68	$21.23	$18.71	$18.74	$18.90	$19.26	$17.40	$17.46	$17.71	$17.71
Revenue/Share	$8.89	$10.16	$11.86	$13.56	$15.91	$19.46	$21.40	$21.23	$20.59	$17.61	$14.26	$12.45	$11.90	$11.71	$11.82	$12.64	$12.96	$10.79	$10.74	$9.96	$9.96
FCF/Share	$0.78	$0.64	$0.32	$-0.96	$-1.01	$-0.59	$-0.50	$0.87	$0.97	$0.76	$1.19	$0.44	$0.53	$0.89	$0.87	$1.27	$1.64	$1.78	$1.34	$1.18	$1.18
OCF/Share	$0.89	$0.79	$0.59	$-0.51	$-0.47	$0.07	$0.15	$1.47	$1.56	$1.31	$1.76	$0.99	$1.05	$1.56	$1.52	$1.97	$2.30	$2.12	$1.60	$1.33	$1.33
Cash/Share	$1.96	$1.70	$1.70	$1.70	$1.70	$1.61	$1.57	$1.47	$1.47	$11.02	$11.05	$11.49	$11.80	$9.06	$9.07	$9.15	$9.32	$7.62	$7.64	$7.75	$6.66
EBITDA/Share	$1.58	$1.99	$2.66	$3.21	$3.87	$4.83	$5.10	$4.82	$4.16	$2.84	$1.29	$0.01	$-0.40	$-0.59	$-0.31	$0.38	$0.67	$1.08	$1.21	$0.80	$0.80
Debt/Share	$0.20	$0.18	$0.18	$0.18	$0.18	$2.65	$2.58	$2.41	$2.42	$1.08	$1.08	$1.13	$1.16	$0.95	$0.95	$0.96	$0.98	$0.63	$0.63	$0.64	$0.64
Net Debt/Share	$-1.75	$-1.52	$-1.52	$-1.51	$-1.52	$1.03	$1.01	$0.94	$0.94	$-9.94	$-9.97	$-10.37	$-10.64	$-8.11	$-8.12	$-8.19	$-8.35	$-6.99	$-7.01	$-7.11	$-7.11

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	5.985
Altman Z-Prime	snapshot only																				12.357
Piotroski F-Score	6	6	6	4	4	5	5	5	4	4	5	5	5	3	4	6	7	5	5	4	4
Beneish M-Score	-2.08	-1.35	-0.88	-0.11	0.17	-0.19	-0.14	-0.42	-0.05	-2.57	-2.44	-1.71	-3.22	-2.85	-2.91	-2.93	-2.89	-1.61	-2.60	-2.28	-2.281
Ohlson O-Score	snapshot only																				-9.005
ROIC (Greenblatt)	snapshot only																				3.88%
Net-Net WC	snapshot only																				$10.86
EVA	snapshot only																				$-14463310.08

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AAA
Credit Score	92.45	92.32	92.75	84.51	85.04	86.32	87.50	94.67	95.07	95.37	94.22	60.81	70.57	69.05	69.11	65.36	81.72	95.09	95.06	95.28	95.276
Credit Grade	snapshot only																				1
Credit Trend	snapshot only																				29.912
Implied Spread (bps)	snapshot only																				50.000
Industry Credit Rank	snapshot only																				90
Sector Credit Rank	snapshot only																				87

CLFD NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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