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, Inc. (NASDAQ: CLFD) announced that Kevin Morgan has been elected as the Chair of the Fiber Broadband Association's Board for a one-year term starting January 1, 2022. Morgan's extensive experience in telecom will aid the industry in leveraging federal and state funding for broadband infrastructure growth. He aims to enhance the conversation regarding fiber's economic and social benefits. Clearfield specializes in fiber optic management for communication networks and has deployed over a million fiber ports annually.
Clearfield, Inc. (NASDAQ: CLFD) has expanded its board of directors by electing industry experts Carol Wirsbinski and Walter Jones, Jr. as members, effective December 3, 2021. This addition brings the total number of directors to eight, with seven being independent. Wirsbinski, with over 30 years in telecommunications, has a history of transformational growth, particularly in community broadband. Jones adds nearly three decades of experience from Verizon, focusing on fiber network transformations. Their expertise is expected to enhance Clearfield's growth strategy amid ongoing developments in the broadband sector.
Clearfield, Inc. (NASDAQ: CLFD) will present at the Needham Virtual Security, Networking, & Communications Conference on November 16, 2021, at 1:30 p.m. ET. President and CEO Cheri Beranek is scheduled to deliver the presentation and engage in one-on-one meetings with investors and analysts. Clearfield specializes in fiber management for communication service providers, deploying over a million fiber ports annually. The company focuses on serving traditional and alternative carriers, MSO/Cable TV companies, and various markets, including utilities and military.
Clearfield, Inc. reports record annual net sales of $140.8 million, a 51% increase from the previous year, driven by a 66% growth in Community Broadband revenue. The company's backlog surged 522% to $66.4 million. Fiscal 2021 net income was $20.3 million or $1.47 per diluted share, reflecting a 179% increase. Clearfield raised its FY22 net sales guidance to $162 million to $169 million, anticipating 15%-20% growth. The success is attributed to strategic operational improvements and increasing demand for fiber broadband.
Clearfield, Inc. (NASDAQ: CLFD) will hold a conference call on November 4, 2021, at 5:00 p.m. ET to discuss its financial results for the fiscal fourth quarter and year ending September 30, 2021. A press release will precede the call, which will be accompanied by a FieldReport providing insights into financial and operational performance. Participants can join by phone or listen to a live webcast, with a replay available until November 18, 2021. Clearfield specializes in fiber management solutions for communication service providers, deploying over a million fiber ports annually.
Clearfield, Inc. (NASDAQ: CLFD) has launched a new small form factor FLATdrop cable aimed at enhancing fiber deployment for communication service providers. This innovative cable offers a compact, cost-effective solution with a one-third space savings in coil diameter, designed for both buried and aerial scenarios. The FieldShield® FLATdrop allows for flexible and environmentally friendly installations while easing inventory storage. Available for shipment in October 2021, this product also features a peelable design for tool-less stripping, making it easier for contractors to manage.
Clearfield, Inc. (NASDAQ: CLFD) will participate in several upcoming virtual financial conferences in September 2021. Key events include the 10th Annual Gateway Conference on September 8 at 3:00 p.m. ET, and the 2021 Colliers Institutional Investor Conference with one-on-one meetings on September 9. Additionally, the D.A. Davidson 20th Annual Software and Internet Conference will feature a panel discussion on September 9 at 2:00 p.m. ET. Clearfield specializes in fiber optic management for communication networks, deploying over one million fiber ports annually.
Clearfield, Inc. (NASDAQ: CLFD) launched the FieldSmart FiberFlex 3000, an advanced outdoor cabinet designed for versatile fiber management. This cabinet supports various network applications, including Smart City IoT and 5G, by housing active equipment and streamlining fiber connections. It features a modular design with options for power backup and extensive fiber distribution capabilities. The launch addresses growing demand for efficient fiber deployments, enabling service providers to enhance network performance and reach more subscribers.
Clearfield (NASDAQ:CLFD) announces its partnership with Blue Ridge Communications to supply fiber management solutions for multi-dwelling units (MDUs). Blue Ridge has seen a surge in demand for fiber broadband, leading to a 180% increase in installs during peak months of the pandemic. Clearfield's FieldShield and YOURx products enhance deployment speed, helping technicians deliver gigabit services efficiently. This collaboration aims to streamline fiber installations and support high-value residential services as the market for fiber-fed MDUs grows.
