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 launched the StreetSmart Collector Box, designed for high-density environments like multi-dwelling and multi-tenant units. This product aims to streamline fiber delivery by addressing congestion in installations, reducing cable management time, and accelerating deployment. With over 14,000 multifamily buildings completed in 2020, demand for fiber services is increasing. The Collector Box consolidates vertical cable routing, enhancing efficiency and enabling building owners to offer valuable services. The product is Telcordia GR-771 compliant and will be showcased at Fiber Connect from July 26-28 in Nashville, TN.
Clearfield reported a significant financial performance for Q3 FY2021 with a 49% increase in net sales to $38.7 million, driven mainly by a 64% growth in Community Broadband revenue. The company's net income surged 104% to $6.1 million, or $0.44 per diluted share. A record backlog of $40.3 million represents a 377% year-over-year increase. Clearfield has raised its fiscal 2021 net sales guidance to between $130 million to $135 million, indicating strong market demand. Despite supply chain challenges, the company anticipates continued growth, projecting annual net sales of $150 million to $160 million for FY2022.
Clearfield, Inc. (NASDAQ: CLFD) announced a conference call on July 22, 2021, at 5:00 p.m. ET, to discuss its financial results for Q3 FY2021, ending June 30, 2021. Financial results will be detailed in a press release and a supplementary FieldReport to be made available on the company’s investor relations website. The presentation will be hosted by President and CEO Cheri Beranek and CFO Dan Herzog, followed by a Q&A session. A replay of the conference will be accessible after the call until August 5, 2021.
Clearfield, Inc. (NASDAQ: CLFD) announced a strong fiscal Q2 2021 with net sales of $29.7 million, a 45% increase year-over-year. The company projects annual guidance of $120 million to $125 million, indicating 32% growth. Net income surged 387% to $3.6 million, equating to $0.27 per diluted share. Q2 gross profit margin improved to 43.6%, driven by a favorable product mix and operational efficiencies. The backlog has soared 115% to $19.2 million, positioning the company well amidst growing demand for fiber networks. Management is optimistic about future growth in rural broadband markets.
Clearfield, Inc. (NASDAQ: CLFD) will hold a conference call on April 22, 2021, at 5:00 p.m. Eastern time to discuss its fiscal second quarter financial results for the period ending March 31, 2021. A press release and FieldReport will be available before the call, offering insights into financial and operational performance. The call will include a question and answer session led by President and CEO Cheri Beranek and CFO Dan Herzog. Replay options will be available post-call until May 6, 2021.
Clearfield, Inc. (NASDAQ:CLFD) introduces a new 48-port adapter configuration for its Clearview Blue Cassette, addressing the issue of crowded rack space for fiber network providers. This innovative option uses CS Connector plates, allowing service providers to increase scalability and meet rising data demands effectively. The configuration promises 33% more density than traditional setups, enhancing connectivity in various deployment environments. Clearfield’s solutions are pivotal in optimizing fiber management for communication networks.
Clearfield reported a strong fiscal Q1 2021, with revenue of $27.1 million, reflecting a 40% increase year-over-year. The surge was driven by a 71% growth in Community Broadband revenue and 30% growth in MSO revenue. Net income soared 531% to $3.2 million, or $0.23 per diluted share, from $0.5 million, or $0.04 per share in Q1 2020. The company achieved a gross profit margin of 42.0%, the highest in over two years. Backlog grew by 55% to $8.9 million. Clearfield's strong demand from the COVID-19 pandemic positions it for continued growth.
Clearfield, Inc. (NASDAQ: CLFD) will host a conference call on January 28, 2021, at 5:00 p.m. ET to discuss its fiscal Q1 results for the period ending December 31, 2020. Financial results will be provided via a press release and a FieldReport with insights into performance. The call will feature President and CEO Cheri Beranek and CFO Dan Herzog, followed by a Q&A session. Participants can join by dialing the provided numbers, and a replay will be available until February 11, 2021.
Clearfield achieved record annual revenue of $93.1 million for the fiscal year 2020, marking a 9% increase from 2019. This growth was fueled by a 48% rise in MSO revenue, 18% in National Carrier revenue, and 10% in Community Broadband revenue. The company's gross profit margin for Q4 was 41.2%, leading to a net income of $7.3 million or $0.53 per diluted share, up from $4.6 million in 2019. Clearfield's backlog increased by 153% to $10.7 million, driven by strong operational effectiveness and favorable product mix.
Clearfield, Inc. (NASDAQ: CLFD) will host a conference call on November 4, 2020, at 5:00 p.m. ET to discuss its financial results for the fiscal fourth quarter and full year ending September 30, 2020. Financial results will be released prior to the call and will include a FieldReport providing insights on the company's performance. The call will feature President and CEO Cheri Beranek and CFO Dan Herzog, with a Q&A session following the presentation. A replay will be available after the event.
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