Welcome to our dedicated page for Clearfield news (Ticker: CLFD), a resource for investors and traders seeking the latest updates and insights on Clearfield stock.
About Clearfield, Inc.
Clearfield, Inc. (NASDAQ: CLFD) is a leading provider of innovative fiber optic management, protection, and delivery solutions for communication networks. Headquartered in Minneapolis, Minnesota, Clearfield designs and manufactures products that enable efficient and cost-effective fiber deployment for a wide range of applications, including broadband, telecommunications, data centers, and municipal networks. The company’s solutions serve the unique needs of incumbent local exchange carriers (ILECs), competitive local exchange carriers (CLECs), multiple system operators (MSOs), and utility providers.
Core Products and Solutions
Clearfield’s product portfolio is centered around its proprietary platforms, including FieldSmart®, CraftSmart®, and Clearview® Cassette systems. These solutions are designed to streamline fiber deployment and management, reducing costs and labor requirements while ensuring high performance and reliability.
- FieldSmart® Fiber Management Platform: The only fiber management system built around a single architecture, FieldSmart supports a wide range of configurations, from 1 to 1,728 ports. It is adaptable for inside plant, outside plant, and access network environments, offering scalability and flexibility for network operators.
- CraftSmart® OSP Enclosure System: A field enclosure system optimized for fiber deployment, CraftSmart provides robust protection for outdoor fiber installations, ensuring durability and reliability in diverse environmental conditions.
- Clearview® Cassette: A modular and scalable fiber management solution that simplifies network expansion by standardizing components across different deployment scenarios.
- FiberDeep® Patch Cords: Engineered to deliver industry-leading performance with an insertion loss of just 0.2 dB, FiberDeep ensures superior signal quality and reliability.
Market Position and Competitive Landscape
Clearfield operates in the rapidly growing fiber optic industry, driven by increasing demand for high-speed broadband connectivity and government-backed initiatives like the Broadband Equity, Access, and Deployment (BEAD) program. The company has positioned itself as a key enabler of fiber-to-the-home (FTTH) and fiber-to-the-premises (FTTP) deployments, particularly in underserved rural areas. By focusing on modular, scalable solutions that reduce deployment costs and labor requirements, Clearfield differentiates itself from larger competitors like Corning and CommScope.
Strategic Advantages
Clearfield’s strategic advantages include its innovative product design, dual manufacturing capabilities in the U.S. and Mexico, and compliance with regulations like the Build America Buy America (BABA) Act. These factors enable the company to meet the needs of both domestic and international markets while mitigating supply chain risks. Additionally, Clearfield’s focus on customer-centric solutions, such as its "fiber to anywhere" platform, ensures adaptability across various network architectures and market segments.
Industry Impact and Future Outlook
As broadband adoption continues to accelerate, Clearfield is well-positioned to capitalize on the growing demand for fiber optic infrastructure. The company’s commitment to innovation, cost efficiency, and regulatory compliance makes it a trusted partner for network operators looking to expand their capabilities. With a strong focus on rural broadband expansion and a robust product portfolio, Clearfield is poised to play a significant role in shaping the future of global connectivity.
Clearfield (NASDAQ: CLFD) has received recognition for its FieldSmart FiberFlex 600 in the 2025 Lightwave + BTR Innovation Reviews, achieving a distinguished 4.0 high score honoree status in the Optical Category for carrier fiber, cable, enclosures, and accessories.
The award highlights Clearfield's innovation in developing solutions for FTTH, 5G, and edge computing backhaul networks. The FieldSmart active cabinets feature a modular and flexible design, incorporating fiber management and protection capabilities. The FiberFlex line integrates fiber, power, and active equipment in an all-in-one cabinet design, demonstrating the company's commitment to fiber integrity and network deployment efficiency.
Clearfield (NASDAQ: CLFD) reported Q1 fiscal 2025 results with revenue of $35.5 million, up 4% year-over-year. The company posted a net loss of $(0.13) per diluted share, improving from $(0.35) in the same period last year. Gross margin improved to 23.1% from 13.7%, primarily due to $2.3 million in lower excess inventory charges.
The company's order backlog stood at $26.0 million, up 3.6% from September 2024 but down 40.1% year-over-year. During the quarter, Clearfield repurchased $6.2 million in shares, with $18.7 million remaining for future repurchases. Cash flow from operations was approximately $7.2 million.
Clearfield maintained its fiscal 2025 revenue guidance of $170-185 million and expects Q2 fiscal 2025 revenue between $37-40 million with a projected net loss per share of $(0.16) to $(0.21).
Clearfield (NASDAQ:CLFD) has announced the launch of a comprehensive Distributed Test Access Point (TAP) architecture solution, expanding its portfolio for fiber network providers. This innovation aims to simplify fiber deployment across various environments, including rural areas, urban settings, and multi-dwelling units (MDUs).
The expanded portfolio addresses different deployment scenarios: Rural deployments can benefit from lower up-front material and splicing costs, though with some trade-offs in network upgradability. In urban and MDU environments, shorter fiber lengths mean less impact on optical loss budget, enabling cost savings without compromising signal strength. The Distributed TAP solutions are integrated into OSP access terminals and MDU wall boxes, making them suitable for diverse deployment challenges.
Clearfield (NASDAQ: CLFD) has scheduled its fiscal first quarter 2025 earnings release and conference call for Thursday, February 6, 2025. The company will release its financial results for the quarter ended December 31, 2024, after market close, followed by a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time).
The earnings report and shareholder letter will be accessible through the company's Investor Relations website section. Investors can participate in the conference call using U.S. dial-in (1-877-407-0792) or International dial-in (1-201-689-8263). An audio replay will be available until February 20, 2025, accessible via U.S. replay dial-in (1-844-512-2921) or International replay dial-in (1-412-317-6671) using Replay ID: 13751115.
Clearfield (NASDAQ: CLFD), a leading provider of community broadband fiber connectivity solutions, has announced its participation in the upcoming Needham Growth Conference. The event will take place at the Lotte New York Palace Hotel in New York City on January 14, 2025.
The company's President and CEO Cheri Beranek, along with CFO Dan Herzog, will engage in a fireside chat presentation scheduled for 10:15 a.m. Eastern time. Interested parties will have access to both a live webcast of the presentation and a replay option.
Clearfield (NASDAQ:CLFD) has launched the StreetSmart® Ready Connect™ Terminal (RCT), a compact fiber terminal designed for pedestal applications. The terminal supports up to eight drop connections and features a removable splice tray that can handle up to 24 loose-tube fibers.
The RCT is optimized for small pedestals, including Clearfield's CraftSmart® FiberFirst™ 6-inch pedestal, offering a discreet solution for rural, suburban, and urban deployments. Key features include a compact design, easy access for maintenance, robust protection with durable materials, and flexible applications supporting both mid-span splicing and drop terminations.
Clearfield reported Q4 2024 financial results with net sales of $46.8 million, down 5.9% year-over-year, and a net loss of $(0.06) per share. The company's full-year 2024 showed net sales of $166.7 million, a 38% decrease from 2023, with a net loss of $(0.85) per share. Despite challenges, Clearfield achieved BABA self-certification from NTIA and generated positive cash flow from operations of $22.2 million for the year. The company provided guidance for fiscal 2025 with expected revenues between $170-185 million, and Q1 2025 revenue guidance of $33-38 million.
Clearfield (NASDAQ: CLFD) has announced the election of Kate Kelly and Ademir Sarcevic to its Board of Directors, effective December 11, 2024. Kelly brings over 30 years of banking industry experience, notably achieving 24% annual revenue growth as Regional President at PNC. Sarcevic, currently CFO at Standex International, has over 20 years of experience in financial transformation and business growth. Kelly will serve on the Audit Committee and Nominating and Corporate Governance Committee, while Sarcevic will join the Audit Committee and Compensation Committee.
Clearfield (NASDAQ: CLFD) has scheduled its fiscal fourth quarter 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern time to discuss financial results with investors. The earnings presentation and financial results will be available on the company's Investor Relations website. A replay of the call will be accessible until November 21, 2024.
Clearfield (NASDAQ:CLFD) announced a strategic leadership transition, appointing Anis Khemakhem as Chief Marketing Officer effective January 1, 2025. Khemakhem, currently Vice President of Global Technology Platforms, will drive marketing strategy and expansion initiatives, particularly focusing on BEAD funding opportunities. Current CMO Kevin Morgan will transition to Executive Advisor to the CEO, maintaining connections with the Fiber Broadband Association and supporting public policy efforts. The transition aims to strengthen Clearfield's market leadership in fiber broadband connectivity solutions and support expansion into new markets.
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