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, 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.
Clearfield, Inc. (NASDAQ: CLFD) is set to hold a conference call on February 2, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the fiscal first quarter ended December 31, 2022. The results will be released via a press release and a detailed FieldReport before the call, providing insights into financial and operational performance. The conference call will feature CEO Cheri Beranek and CFO Dan Herzog, followed by a Q&A session. Replay details will be available after the call.
Clearfield, Inc. (NASDAQ: CLFD) will participate in the 25th Annual Needham Growth Conference on January 10-11, 2023, at the Lotte New York Palace Hotel. Clearfield's President and CEO, Cheri Beranek, will engage in a fireside chat on January 10 at 11:00 a.m. ET. The discussion will be webcast and available for replay. Additionally, Clearfield will conduct one-on-one investor meetings during the conference. Interested parties can schedule meetings through their Needham representatives or contact Clearfield’s investor relations.
Clearfield, Inc. (NASDAQ:CLFD) announces that Kevin Morgan, its Chief Marketing Officer, has been appointed to the Fiber Broadband Association’s Senior Council. Morgan's appointment, which follows his term as 2022 Chairman, acknowledges his significant contributions over two decades. He aims to help close the Digital Equity Gap in the U.S. while advancing fiber broadband deployment. Clearfield has been an FBA member since 2002, emphasizing its commitment to fiber management solutions for communication service providers.
Clearfield, Inc. (NASDAQ: CLFD) announced a public offering of 1,200,000 shares at $100.00 per share, aiming for gross proceeds of approximately $120 million. The offering, which includes a 30-day option for underwriters to purchase an additional 180,000 shares, is set to close on December 9, 2022, pending customary conditions. Proceeds will support working capital and general corporate purposes. The offering follows a shelf registration statement effective since April 28, 2022.
Clearfield, Inc. (NASDAQ: CLFD) has announced a public offering of $100 million of its common stock, with a 30-day option for underwriters to purchase an additional 15%. The net proceeds will be allocated for working capital and general corporate purposes. The offering is subject to market conditions with no guarantee on timing or terms. Cowen and Needham & Company are the joint book-running managers. The shares are offered under a shelf registration statement effective since April 28, 2022.
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