ClearOne (CLRO)
Market Price (7/8/2026): $14.57 | Market Cap: $34.7 MilSector: Information Technology | Industry: Communications Equipment
ClearOne (CLRO)
Market Price (7/8/2026): $14.57Market Cap: $34.7 MilSector: Information TechnologyIndustry: Communications Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Future of Work & Collaboration. Themes include Unified Communications & Conferencing, and Hybrid Work Solutions. | Trading close to highsDist 52W High is 0.0% Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -160% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -386% Stock price has recently run up significantly6M Rtn6 month market price return is 176% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -40% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -759%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -759% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 233% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% High stock price volatilityVol 12M is 168% Key risksCLRO key risks include [1] substantial going concern doubts stemming from severe financial instability, Show more. |
| Megatrend and thematic driversMegatrends include Future of Work & Collaboration. Themes include Unified Communications & Conferencing, and Hybrid Work Solutions. |
| Trading close to highsDist 52W High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -128%, 3Y Excs Rtn is -160% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -7.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -386% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 176% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -17%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -40% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -759%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -759% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 233% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -76% |
| High stock price volatilityVol 12M is 168% |
| Key risksCLRO key risks include [1] substantial going concern doubts stemming from severe financial instability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
ClearOne (CLRO) stock has gained about 290% since 3/31/2026 because of the following key factors:
1. Definitive Merger Agreement with Cortigent. ClearOne's stock experienced a significant surge following the announcement on July 2, 2026, of a definitive merger agreement with Cortigent, Inc., a wholly-owned neurostimulation subsidiary of Vivani Medical. This transaction, unanimously approved by both boards, positions Cortigent to become a wholly-owned subsidiary of ClearOne.
2. Strategic Pivot to High-Growth Med-Tech Sector. The merger represents a complete strategic transformation for ClearOne, shifting its core business from communications and conferencing into the brain-computer interface (BCI) and neurostimulation medical technology sector. The combined entity will be renamed "Cortigent Holdings, Inc." and is expected to trade under the new Nasdaq ticker "CRGT." Cortigent's focus on developing advanced medical devices, such as the FDA Breakthrough Device Designated Orion® cortical stimulation system for treating blindness, has generated substantial investor optimism.
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ClearOne (CLRO) stock has gained about 290% since 3/31/2026 because of the following key factors:
1. Definitive Merger Agreement with Cortigent. ClearOne's stock experienced a significant surge following the announcement on July 2, 2026, of a definitive merger agreement with Cortigent, Inc., a wholly-owned neurostimulation subsidiary of Vivani Medical. This transaction, unanimously approved by both boards, positions Cortigent to become a wholly-owned subsidiary of ClearOne.
2. Strategic Pivot to High-Growth Med-Tech Sector. The merger represents a complete strategic transformation for ClearOne, shifting its core business from communications and conferencing into the brain-computer interface (BCI) and neurostimulation medical technology sector. The combined entity will be renamed "Cortigent Holdings, Inc." and is expected to trade under the new Nasdaq ticker "CRGT." Cortigent's focus on developing advanced medical devices, such as the FDA Breakthrough Device Designated Orion® cortical stimulation system for treating blindness, has generated substantial investor optimism.
3. Planned Capital Infusion for New Business. The merger agreement includes a concurrent financing plan to raise between $10 million and $15 million through a Form S-1 equity offering at closing. This capital infusion is earmarked to fund the development of Cortigent's neurostimulation technology and product portfolio, providing the new med-tech company with necessary resources for future growth.
4. Market Reaction to Transformative News. Prior to the merger announcement, ClearOne's stock was trading around $3.10 to $3.70 through late June 2026 (fiscal Q2 2026). On July 2, 2026, the stock exploded from an open of $3.60 to an intraday high near $9.62, closing at $6.48, and continued to climb to $10.67 by July 7, 2026. This immediate and significant revaluation, with reports of surges up to 155% on heavy volume, reflects the market's positive reaction to ClearOne's pivot from a struggling legacy business into a speculative, high-potential medical technology venture.
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Stock Movement Drivers
Fundamental Drivers
The 288.8% change in CLRO stock from 3/31/2026 to 7/7/2026 was primarily driven by a 376.6% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.56 | 13.84 | 288.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 0.0% |
| P/S Multiple | 3.6 | 17.2 | 376.6% |
| Shares Outstanding (Mil) | 2 | 2 | -18.4% |
| Cumulative Contribution | 288.8% |
Market Drivers
3/31/2026 to 7/7/2026| Return | Correlation | |
|---|---|---|
| CLRO | 288.8% | |
| Market (SPY) | 15.0% | -10.5% |
| Sector (XLK) | 34.8% | -25.1% |
Fundamental Drivers
The 171.9% change in CLRO stock from 12/31/2025 to 7/7/2026 was primarily driven by a 273.7% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.09 | 13.84 | 171.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | 0.0% |
| P/S Multiple | 4.6 | 17.2 | 273.7% |
| Shares Outstanding (Mil) | 2 | 2 | -27.2% |
| Cumulative Contribution | 171.9% |
Market Drivers
12/31/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| CLRO | 171.9% | |
| Market (SPY) | 9.9% | -5.7% |
| Sector (XLK) | 24.6% | -16.7% |
Fundamental Drivers
The 140.7% change in CLRO stock from 6/30/2025 to 7/7/2026 was primarily driven by a 318.2% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.75 | 13.84 | 140.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -16.8% |
| P/S Multiple | 4.1 | 17.2 | 318.2% |
| Shares Outstanding (Mil) | 2 | 2 | -30.8% |
| Cumulative Contribution | 140.7% |
Market Drivers
6/30/2025 to 7/7/2026| Return | Correlation | |
|---|---|---|
| CLRO | 140.7% | |
| Market (SPY) | 22.0% | 1.8% |
| Sector (XLK) | 42.1% | -7.9% |
Fundamental Drivers
The -89.2% change in CLRO stock from 6/30/2023 to 7/7/2026 was primarily driven by a -91.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7072026 | Change |
|---|---|---|---|
| Stock Price ($) | 127.70 | 13.84 | -89.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22 | 2 | -91.2% |
| P/S Multiple | 9.3 | 17.2 | 84.4% |
| Shares Outstanding (Mil) | 2 | 2 | -33.0% |
| Cumulative Contribution | -89.2% |
Market Drivers
6/30/2023 to 7/7/2026| Return | Correlation | |
|---|---|---|
| CLRO | -89.2% | |
| Market (SPY) | 74.6% | 2.8% |
| Sector (XLK) | 110.0% | 1.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CLRO Return | -43% | 18% | 27% | 6% | -97% | 38% | -96% |
| Peers Return | -10% | -54% | 11% | 4% | 2% | 13% | -44% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 101% |
Monthly Win Rates [3] | |||||||
| CLRO Win Rate | 42% | 42% | 42% | 33% | 25% | 43% | |
| Peers Win Rate | 50% | 25% | 55% | 53% | 55% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 57% | |
Max Drawdowns [4] | |||||||
| CLRO Max Drawdown | -70% | -67% | -54% | -67% | -100% | -61% | |
| Peers Max Drawdown | -39% | -61% | -35% | -27% | -32% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ZM, CSCO, MSFT, RNG, EGHT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/7/2026 (YTD)
How Low Can It Go
| Event | CLRO | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -12.8% | -7.8% |
| % Gain to Breakeven | 14.6% | 8.5% |
| Time to Breakeven | 138 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.0% | -9.5% |
| % Gain to Breakeven | 20.5% | 10.5% |
| Time to Breakeven | 29 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.8% | -6.7% |
| % Gain to Breakeven | 34.7% | 7.1% |
| Time to Breakeven | 18 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -63.8% | -24.5% |
| % Gain to Breakeven | 176.1% | 32.4% |
| Time to Breakeven | 212 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -13.4% | -33.7% |
| % Gain to Breakeven | 15.4% | 50.9% |
| Time to Breakeven | 17 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.6% | -19.2% |
| % Gain to Breakeven | 57.6% | 23.8% |
| Time to Breakeven | 36 days | 105 days |
In The Past
ClearOne's stock fell -12.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 14.6% gain to breakeven.
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Asset Allocation
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| Event | CLRO | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -25.8% | -6.7% |
| % Gain to Breakeven | 34.7% | 7.1% |
| Time to Breakeven | 18 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -63.8% | -24.5% |
| % Gain to Breakeven | 176.1% | 32.4% |
| Time to Breakeven | 212 days | 427 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -36.6% | -19.2% |
| % Gain to Breakeven | 57.6% | 23.8% |
| Time to Breakeven | 36 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -20.1% | -6.8% |
| % Gain to Breakeven | 25.2% | 7.3% |
| Time to Breakeven | 6 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -44.2% | -53.4% |
| % Gain to Breakeven | 79.3% | 114.4% |
| Time to Breakeven | 740 days | 1085 days |
In The Past
ClearOne's stock fell -12.8% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 14.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ClearOne (CLRO)
ClearOne (CLRO) is a technology company specializing in the design, development, and sale of conferencing, collaboration, and network streaming solutions for both voice and visual communications. The company's core mission is to enhance communication capabilities for organizations across various sectors by providing advanced audio and video technologies.
The company's product offerings are diverse, encompassing a full spectrum of audio conferencing products, from professional systems for large enterprise environments and sound reinforcement to mid-tier solutions for smaller rooms, and USB-based personal speakerphones. Beyond audio, ClearOne also provides video conferencing and collaboration solutions, high-quality professional microphones including beamforming and wireless options, and AV networking solutions that facilitate the streaming of high-definition audio and video over standard IP networks.
ClearOne primarily serves a broad range of markets including enterprise, healthcare, education, government, legal, and finance organizations, as well as small and medium businesses, both in the United States and internationally. Their commercial products are sold through an extensive network of independent professional audiovisual, information technology, and telecommunications distributors, systems integrators, dealers, value-added resellers, and directly to end-users.
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Here are a few analogies for ClearOne (CLRO):
- ClearOne is like a specialized Poly (formerly Polycom) focused on high-end audio and video conferencing hardware for professional environments.
- Think of ClearOne as 'Logitech for enterprise conference rooms,' providing sophisticated audio, video, and microphone systems for professional collaboration.
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- Audio Conferencing Systems: A range of professional, mid-tier, and personal audio conferencing devices including speakerphones and traditional tabletop phones.
- Video Conferencing Solutions: Systems designed for video conferencing and collaboration.
- AV Networking Solutions: Products that stream high-definition audio, video, and control over TCP/IP networks.
- Professional Microphones: Specialized microphones such as beamforming, ceiling, and wireless models.
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ClearOne (CLRO) primarily sells its products and solutions to other companies through a business-to-business (B2B) model. Based on the provided company description, specific names of major customer companies are not disclosed.
However, ClearOne's commercial products are sold through a network of the following types of channel partners:
- Independent professional audiovisual, information technology, and telecommunications distributors: These entities distribute ClearOne's products to a broader market.
- Systems integrators, dealers, and value-added resellers (VARs): These partners incorporate ClearOne's solutions into more complex systems or provide them as part of their specialized offerings to end-users.
The ultimate end-users of ClearOne's conferencing, collaboration, and network streaming solutions are diverse organizations across various sectors, including:
- Enterprise businesses
- Healthcare organizations
- Educational institutions (for education and distance learning)
- Government entities
- Legal firms
- Finance organizations
- Small and medium businesses (for specific product lines)
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Derek Graham, Chief Executive Officer
Derek Graham was appointed Interim CEO in May 2022 and became the permanent CEO in January 2023. He joined ClearOne in July 2003 as Lead Engineer for Conferencing Cameras and progressed through various leadership roles, including Engineering Operations Manager, Director of Research and Development, and Senior Vice President of Research and Development. In these roles, he was responsible for the funding, staffing, and execution of engineering programs that resulted in the successful development of professional audio and video conferencing, video streaming, wireless microphone, digital signage, and camera products. Mr. Graham is a named inventor on 13 patents. Prior to joining ClearOne, he held engineering and management positions at Intel Corporation, focusing on audio conferencing and telephony technologies. He holds a Bachelor of Science and a Master's Degree in Electrical Engineering from the Georgia Institute of Technology. His compensation package was restructured in December 2025, with an annual base salary of $150,000 starting in 2026 and eligibility for a $15,000 retention bonus.
Simon Brewer, Chief Financial Officer
Simon Brewer, CPA, CGMA, was appointed Chief Financial Officer in April 2024. He brings over 20 years of senior financial leadership experience. Most recently, from 2021, he served as CFO and COO at Operation Underground Railroad, Inc., where he significantly scaled organizational operations and finance. Before that, he was the CFO at Predictive Technology Group, Inc. from 2018 to 2021, guiding the company through significant growth phases. Mr. Brewer has been a Certified Public Accountant since 2006 and a Chartered Global Management Accountant since 2012. He earned both Bachelor's and Master's degrees in Accounting from the University of Utah. His comprehensive expertise covers Accounting, Finance, IT, HR, and strategic operations. His current agreement includes a $60,000 retention bonus contingent on a strategic transaction (such as a change in control, merger, or sale of substantially all assets), a $75,000 sign-on bonus, and an annual base salary of $300,000, suggesting the company may be positioning for a sale in 2026.
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The increasing dominance of major Unified Communications as a Service (UCaaS) platforms, such as Zoom, Microsoft Teams, and Google Meet, which are developing their own integrated hardware ecosystems and certified device programs. This trend shifts the value proposition towards software-driven features and tight platform integration, potentially commoditizing or marginalizing independent hardware providers like ClearOne who do not control the end-to-end software platform.
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ClearOne (CLRO) operates in several addressable markets related to conferencing, collaboration, and network streaming solutions.
Audio Conferencing
The global audio conferencing market was estimated at approximately USD 20.83 billion in 2025 and is projected to grow to USD 32.14 billion by 2030. North America holds the largest share of the audio conferencing market, accounting for over 36.5% of the global market in 2025.
Video Conferencing
The global video conferencing market size was valued at approximately USD 13.8 billion in 2025 and is estimated to reach USD 31.4 billion by 2034. North America dominates this market, holding over 39.8% of the market share in 2025.
Professional Microphones
The global microphone market size was approximately USD 2.52 billion in 2025 and is projected to expand to USD 3.85 billion by 2031. North America held the largest share of the professional microphones market in 2024, representing over 37% of the market in 2025.
AV Networking (part of the broader Pro AV market)
ClearOne's AV networking solutions are part of the larger professional Audio Visual (Pro AV) market. The global Pro AV market is expected to reach over USD 315 billion in 2025. The Pro AV market in the Americas region (which includes the U.S.) is expected to reach USD 108 billion in 2025.
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Share Repurchases
- On March 9, 2026, ClearOne repurchased warrants exercisable for 24,155 shares of common stock from CVI Investments, Inc. for a total cash payment of $22,000.
- As of June 25, 2025, ClearOne is required to use commercially reasonable efforts to repurchase outstanding warrants to purchase up to 334,816 shares of common stock, which were issued in private placements in December 2019, September 2020, and September 2021.
- On September 16, 2025, ClearOne repurchased warrants exercisable for 3,788 shares from Edward Bryan Bagley for an aggregate cash payment of $2,464.
Share Issuance
- In March 2026, ClearOne entered into a private placement agreement with its largest stockholder, First Finance Ltd., to sell 437,500 common shares at $4.00 each and issue a warrant for up to 437,500 additional shares at $5.00 per share, generating aggregate gross proceeds of $1.75 million.
- On June 30, 2025, ClearOne announced a one-time special stock dividend, issuing one share of Class A Redeemable Preferred Stock for every outstanding share of common stock and common stock equivalents, intended to provide legacy stockholders with a 100% stake in the proceeds from any future asset sale.
- Effective June 2, 2025, ClearOne executed a 1-for-15 reverse stock split of its common stock to help regain compliance with Nasdaq's minimum bid price requirement.
Inbound Investments
- ClearOne secured a $1.75 million private placement in March 2026 from its largest stockholder, First Finance Ltd., through the sale of common shares and warrants.
- On June 25, 2025, ClearOne sold $3 million of convertible notes, which converts into Class B Convertible Preferred Stock.
- In February 2025, ClearOne received a $1 million investment from Edward Bagley, which enabled the company to restart product inventory purchases.
Outbound Investments
- On October 27, 2025, ClearOne completed an asset sale transaction, entering into a definitive agreement to sell certain assets, including intellectual property and product inventory, to Biamp for $3.0 million.
- As part of an ongoing strategic process, ClearOne is pursuing the sale of all or substantially all of its current assets and operations to potentially transition into a public shell company for a future strategic transaction.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| ClearOne Earnings Notes | 12/16/2025 | |
| Would You Still Hold ClearOne Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 63.16 |
| Mkt Cap | 14.3 |
| Rev LTM | 3,740 |
| Op Inc LTM | 676 |
| FCF LTM | 1,251 |
| FCF 3Y Avg | 1,103 |
| CFO LTM | 1,327 |
| CFO 3Y Avg | 1,199 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.9% |
| Rev Chg 3Y Avg | 3.6% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 23.3% |
| Op Inc Chg 3Y Avg | 58.7% |
| Op Mgn LTM | 15.0% |
| Op Mgn 3Y Avg | 10.1% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 23.1% |
| CFO/Rev 3Y Avg | 22.3% |
| FCF/Rev LTM | 20.3% |
| FCF/Rev 3Y Avg | 19.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single segment | 0 | ||||
| Audio Conferencing | 4 | 8 | 12 | 12 | |
| Microphones | 5 | 8 | 10 | 11 | |
| Video products | 2 | 3 | 4 | 6 | |
| Total | 0 | 11 | 19 | 25 | 29 |
| $ Mil | 2000 |
|---|---|
| Conferencing | 14,246 |
| Remote Facilities Management | 4,462 |
| All Other | 231 |
| Total | 18,939 |
| $ Mil | 2025 | 2024 | 2006 |
|---|---|---|---|
| Single segment | 2 | 27 | |
| Product | 17 | ||
| Total | 2 | 27 | 17 |
Price Behavior
| Market Price | $13.84 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 08/18/1995 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $4.70 | $5.33 |
| DMA Trend | down | up |
| Distance from DMA | 194.4% | 159.5% |
| 3M | 1YR | |
| Volatility | 310.9% | 170.9% |
| Downside Capture | -905.33 | -39.99 |
| Upside Capture | 74.29 | -2.85 |
| Correlation (SPY) | -3.0% | 6.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.14 | 0.44 | -0.16 | -0.16 | 0.72 | 1.49 |
| Up Beta | -3.78 | -4.14 | -2.57 | -1.39 | -0.01 | 0.20 |
| Down Beta | 1.39 | 1.51 | 1.86 | 1.07 | 2.95 | 1.05 |
| Up Capture | 99% | 129% | 19% | -39% | -6% | -6% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 10 | 18 | 27 | 46 | 101 | 321 |
| Down Capture | 61% | 148% | 103% | 35% | 72% | 88% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 11 | 19 | 28 | 66 | 136 | 401 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLRO | |
|---|---|---|---|---|
| CLRO | 24.3% | 174.2% | 0.74 | - |
| Sector ETF (XLK) | 40.2% | 24.2% | 1.34 | -6.2% |
| Equity (SPY) | 20.7% | 12.5% | 1.22 | 3.5% |
| Gold (GLD) | 23.0% | 27.8% | 0.73 | 2.5% |
| Commodities (DBC) | 22.9% | 18.6% | 0.97 | 11.9% |
| Real Estate (VNQ) | 13.6% | 13.8% | 0.68 | 15.4% |
| Bitcoin (BTCUSD) | -41.8% | 42.8% | -1.14 | 13.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLRO | |
|---|---|---|---|---|
| CLRO | -44.3% | 601.3% | 0.50 | - |
| Sector ETF (XLK) | 20.4% | 25.5% | 0.71 | 1.4% |
| Equity (SPY) | 13.3% | 17.1% | 0.60 | 2.5% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 0.4% |
| Commodities (DBC) | 7.6% | 19.5% | 0.29 | -0.1% |
| Real Estate (VNQ) | 3.1% | 18.9% | 0.06 | 3.7% |
| Bitcoin (BTCUSD) | 13.2% | 53.5% | 0.43 | 1.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CLRO | |
|---|---|---|---|---|
| CLRO | -35.0% | 426.2% | 0.34 | - |
| Sector ETF (XLK) | 25.1% | 24.8% | 0.92 | 1.7% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 2.5% |
| Gold (GLD) | 11.6% | 16.1% | 0.59 | 0.4% |
| Commodities (DBC) | 6.2% | 18.0% | 0.27 | 0.4% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 2.7% |
| Bitcoin (BTCUSD) | 57.9% | 66.2% | 0.98 | 1.0% |
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Returns Analyses
Earnings Returns History
Updated 7/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/19/2025 | -5.5% | -26.4% | -94.8% |
| 3/31/2025 | -4.0% | -19.1% | 2.0% |
| 11/15/2024 | -10.7% | -13.0% | -7.9% |
| 8/15/2024 | 0.4% | 1.2% | -4.5% |
| 5/21/2024 | -2.9% | -3.3% | -9.7% |
| 4/3/2024 | -8.9% | -6.5% | -11.1% |
| 11/14/2023 | 5.3% | 15.8% | 21.8% |
| 8/10/2023 | -0.1% | 5.3% | 2.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 9 | 9 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 3.9% | 11.6% | 8.1% |
| Median Negative | -3.4% | -5.3% | -9.7% |
| Max Positive | 29.9% | 25.2% | 179.3% |
| Max Negative | -10.7% | -26.4% | -94.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/19/2025 | -5.5% | -26.4% | -94.8% |
| 3/31/2025 | -4.0% | -19.1% | 2.0% |
| 11/15/2024 | -10.7% | -13.0% | -7.9% |
| 8/15/2024 | 0.4% | 1.2% | -4.5% |
| 5/21/2024 | -2.9% | -3.3% | -9.7% |
| 4/3/2024 | -8.9% | -6.5% | -11.1% |
| 11/14/2023 | 5.3% | 15.8% | 21.8% |
| 8/10/2023 | -0.1% | 5.3% | 2.0% |
| 5/22/2023 | -1.4% | 12.8% | -24.8% |
| 4/6/2023 | -3.0% | -1.5% | -6.4% |
| 11/16/2022 | 3.1% | 12.6% | 179.3% |
| 8/10/2022 | -5.6% | -3.0% | -17.8% |
| 5/19/2022 | -1.8% | -5.3% | 8.1% |
| 11/12/2021 | 5.3% | 2.3% | 2.3% |
| 8/10/2021 | 1.6% | 1.6% | 1.2% |
| 5/13/2021 | -3.4% | -2.5% | 10.5% |
| 11/16/2020 | 3.9% | 11.6% | 32.0% |
| 8/14/2020 | 29.9% | 25.2% | -3.4% |
| SUMMARY STATS | |||
| # Positive | 7 | 9 | 9 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 3.9% | 11.6% | 8.1% |
| Median Negative | -3.4% | -5.3% | -9.7% |
| Max Positive | 29.9% | 25.2% | 179.3% |
| Max Negative | -10.7% | -26.4% | -94.8% |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Communications Equipment Resources |
| Light Reading |
| Fierce Network |
| Telecoms.com |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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