Clearfield chief executive Cheri Beranek to retire in March 2027

Clearfield said on October 20, 2026 that Cheri Beranek, its president and chief executive, will retire on March 31, 2027. The company said its board will consider internal and external candidates, and that Beranek will stay in the role until a successor is appointed or until her retirement date, whichever comes first.

In the same announcement, Clearfield said results for the fiscal 2026 fourth quarter and full year were expected to match earlier guidance. The company is scheduled to report those results after the close on November 10, 2026.

Clearfield reported third-quarter revenue of $43.86 million and diluted earnings per share of $0.22 on August 5, 2026. Revenue came in just under the $43.92 million consensus, while per-share earnings beat the $0.19 estimate by $0.03, according to the company.

Zacks Research cut its rating on the stock to strong sell from hold on October 1, 2026, MarketBeat reported. That report listed a consensus price target of $41.75, with five buy ratings and two sell ratings.

The shares closed at $27.70 on the Nasdaq on October 23, 2026. MarketBeat put the market capitalization at $376.2 million on that date, with a 52-week range of $23.76 to $52.73. Clearfield pays no dividend.

This story was first reported by ad-hoc-news.de.