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.
Clearfield, Inc. (NASDAQ: CLFD) is at the forefront of fiber optic technology, specializing in designing, manufacturing, and distributing fiber management, protection, and delivery solutions for communication networks. Headquartered in Minneapolis, Minnesota, Clearfield has established itself as a key player in the broadband industry, providing innovative products that facilitate efficient fiber deployment.
Clearfield's product portfolio includes FieldSmart, CraftSmart, and the newly introduced FiberDeep. The FieldSmart fiber management platform is notable for its modular approach, scaling from 1 to 1728 ports, catering to a wide variety of network requirements across inside plant, outside plant, and access networks. These products are complemented by an assortment of passive optical components, connectors, and enclosures.
The CraftSmart enclosure system is the industry's sole field enclosure system specifically optimized for fiber deployment. Meanwhile, FiberDeep patch cords set a new standard in the industry with an insertion loss of just .2db, significantly enhancing performance compared to the industry standard.
Clearfield also offers a comprehensive range of fiber and copper assemblies, meeting the diverse needs of communication networks globally, though the majority of their revenue is derived from the United States. The company operates through two primary segments: the Clearfield segment and Nestor Cables segment.
Clearfield continues to expand its market reach, boasting a strong balance sheet and strategic growth initiatives. Recent developments include a significant share buyback program, reflecting the company's confidence in its market valuation and long-term opportunities.
Latest News:
MINNEAPOLIS, Oct. 26, 2023 – Clearfield announced the release of its financial results for the fourth quarter and fiscal year ending September 30, 2023, on November 9, 2023. The company will host a conference call to discuss the results.
MINNEAPOLIS, Nov. 09, 2023 – Clearfield reported its fourth-quarter results, highlighting challenges yet expressing confidence in the long-term demand for fiber broadband.
MINNEAPOLIS, Feb. 01, 2024 – Clearfield discussed its fiscal first-quarter 2024 results, noting continued industry challenges but reaffirming its commitment to growth.
MINNEAPOLIS, May 02, 2024 – Clearfield reported its second-quarter 2024 results, indicating a gradual market recovery and strategic share repurchases.
Clearfield, a fiber management specialist, is set to hold a conference call on May 4, 2023, at 5:00 p.m. Eastern time to discuss its fiscal second quarter results for the period ending March 31, 2023. Financial results will be released prior to the call and will be available on the company’s Investor Relations section of its website. The audio of the conference will be available for live streaming, with a replay accessible after 8:00 p.m. Eastern time on the same day until May 18, 2023.
Clearfield designs and manufactures fiber optic management products, catering to various communication sectors. The company, headquartered in Minneapolis, is known for deploying over a million fiber ports annually.
Clearfield, Inc. (NASDAQ: CLFD), a leader in community broadband fiber connectivity, will participate in the 35th Annual ROTH Conference at The Ritz-Carlton, Laguna Niguel, Dana Point, CA from March 13-14, 2023. Company management will be available for one-on-one meetings throughout the conference. Interested parties can contact their ROTH representative or Clearfield's investor relations team at CLFD@gatewayir.com for invitations and meeting requests.
Clearfield designs and manufactures fiber optic management products, deploying over a million fiber ports annually. For more information, visit www.SeeClearfield.com.
Clearfield, Inc (NASDAQ:CLFD) has launched the SeeChange™ Terminal, a carrier-grade access terminal designed for fiber network deployments. This plug-and-play solution aims to address supply chain issues and technician shortages in community broadband and 5G networks. The robust terminal is engineered for extreme environments and supports rapid deployment with minimal training. The SeeChange system features hardened fiber assemblies available in multiple connector types and is versatile for various installation scenarios, enhancing connectivity in previously hard-to-reach areas. Clearfield continues to innovate within the fiber-optic management sector.
Clearfield, Inc. (NASDAQ: CLFD) announced impressive first-quarter fiscal 2023 results, highlighting a 68% increase in revenue year-over-year to $86 million and a net income of $14.3 million, or $1.00 per diluted share, up 37% from the prior year. The company reaffirmed its fiscal 2023 net sales guidance of $380 to $393 million, indicating 40% to 45% growth. Gross profit margin declined to 35.7% from 44.9%, attributed to increased operational costs and investments in capacity expansion. Clearfield aims to improve delivery lead times, now targeted at 8 to 10 weeks, enhancing its competitive position in the growing high-speed broadband market.
Clearfield, Inc. (NASDAQ:CLFD) has announced that it has supplied over 50 million fiber ports from its craft-friendly, Labor Lite product line. This achievement includes a record-setting deployment of 8.5 million ports in 2022. These connections are crucial for converting 'Homes Passed' into 'Homes Connected' revenue for service providers, facilitating high-speed broadband access, particularly in Multi-Dwelling Units. The company has improved its manufacturing and supply chain over the last two years, aligning with federal and state funding efforts. Clearfield’s strategy includes expanding U.S. and Mexico manufacturing capabilities and acquiring Nestor Cables to enhance supply chain integration.
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