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) delivers fiber optic solutions enabling efficient broadband network deployment worldwide. This news hub provides investors and industry professionals with essential updates on the company’s latest developments in fiber management technology and infrastructure expansion.
Access real-time announcements including earnings reports, product launches, and strategic partnerships. Stay informed about CLFD’s role in advancing rural broadband access, compliance with federal initiatives, and innovations in modular fiber architecture. Our curated news collection simplifies tracking regulatory developments and market trends impacting the telecommunications sector.
Discover updates across key categories: quarterly financial results, new product certifications, manufacturing expansions, and customer deployments. Bookmark this page for streamlined monitoring of CLFD’s progress in addressing global connectivity demands through scalable fiber solutions.
Clearfield reported a remarkable 80% year-over-year revenue growth to a record $53 million for the fiscal second quarter 2022, largely driven by a 94% surge in Community Broadband revenue. Their backlog increased 34% sequentially to $136 million, demonstrating strong demand. The company achieved a 43.3% gross profit margin and net income rose 154% to $9.2 million, or $0.66 per diluted share. Additionally, Clearfield raised its net sales guidance for fiscal 2022 to between $204 million and $218 million, indicating year-over-year growth of 45% to 55%.
Clearfield, Inc. (NASDAQ: CLFD) will hold a conference call on April 28, 2022, at 5:00 p.m. ET to discuss its financial results for the second quarter ended March 31, 2022. The results will be shared via a press release and a FieldReport available in the Investor Relations section of the company's website. The call will feature President and CEO Cheri Beranek and CFO Dan Herzog, followed by a Q&A session. The conference will be webcast live with a replay available after the call.
Clearfield, Inc (NASDAQ:CLFD) has introduced its innovative FastPass Fiber Distribution system, which reduces installation time for fiber broadband by 50% through in-cassette splicing. This method allows operators to double the number of homes passed within the same timeframe compared to traditional methods, significantly lowering costs and meeting stringent deployment deadlines linked to federal and state funding. Industry experts emphasize that this competitive advantage is crucial as fiber deployment ramps up, with expectations of surpassing previous deployment levels in the next five years.
Clearfield (NASDAQ: CLFD) has launched its FieldSmart® 96-Port PON Fiber Distribution Hub (FDH) cabinet, optimizing fiber deployment in various environments. This compact design is aimed at enhancing ROI for service providers in rural areas. The cabinet offers up to 12 feeder ports and a maximum of 96 distribution ports, available in multiple configurations. The launch aligns with increasing fiber demand fueled by federal and state funding to improve broadband access. The cabinet will be showcased at the TechAdvantage® Expo and is set for shipment in Spring 2022.
Clearfield, Inc. (NASDAQ: CLFD) has successfully partnered with Utility Telecom to provide fiber connectivity for Nautilus Data Technologies' eco-friendly data center at the Port of Stockton, California. This innovative facility utilizes a zero-impact water cooling system, achieving 1.15 PUE or less, significantly reducing energy-related CO2 emissions. Despite challenges in deploying fiber connectivity to a water-based location, Clearfield's specialized products proved effective. Their continued collaboration with Utility Telecom supports the growing demand for sustainable data solutions, positioning Clearfield as a leader in fiber management.
Clearfield reported a record revenue of $51 million for Q1 2022, marking an 89% increase year-over-year, primarily driven by an 81% growth in Community Broadband revenue. The company's net income reached $10.4 million, or $0.75 per diluted share, a 228% increase from the previous year. The backlog surged to $101 million, up 53% sequentially. Clearfield has increased its fiscal 2022 net sales guidance to $176 million to $183 million, indicating a growth of 25% to 30%. A reinstated share repurchase program was also announced, increasing the authorized amount to $22 million.
Clearfield, Inc. (NASDAQ: CLFD) will host a conference call on January 27, 2022, at 5:00 p.m. ET to discuss its financial results for the first quarter ending December 31, 2021. A press release and FieldReport will be issued prior to the call, providing insights into financial and operational performance. The call will feature President and CEO Cheri Beranek and CFO Dan Herzog, followed by a Q&A session. The conference will be accessible via live webcast and available for replay until February 10, 2022. For more details, visit the company's website.
Clearfield, Inc. (NASDAQ: CLFD) will participate in the 24th Annual Needham Virtual Growth Conference from January 10-14, 2022. The company’s President and CEO, Cheri Beranek, is scheduled to present on January 11 at 5:00 p.m. Eastern Time. The presentation will be webcast and available for replay. Clearfield specializes in fiber management solutions for communication service providers and deploys over a million fiber ports annually.
For inquiries or to schedule meetings, contact their investor relations team at CLFD@gatewayir.com.
