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. reports developments in fiber optic management, protection, and delivery solutions for broadband, data center, wireless, municipal, military, cooperative, and service-provider networks. News commonly covers quarterly results from continuing operations, order backlog, share repurchases, community broadband demand, and product additions such as the NOVA high-density fiber platform and CraftSmart FiberFirst pedestals for Fiber-to-the-Home deployments.
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.
Clearfield, Inc. (NASDAQ:CLFD) has launched the new FieldSmart Fiber Delivery Point (FDP) Indoor 288-Port Wall Box to enhance fiber deployment for service providers. This innovative solution reduces installation time and labor costs by consolidating a four-step installation process into one. The wall box accommodates up to 288 ports, featuring easy access and robust protection for fiber terminations. With increasing demand for reliable broadband, particularly in multifamily units, the new product aims to support rapid fiber expansion amidst evolving market needs.
Clearfield, Inc. (NASDAQ: CLFD) reported record revenue of $26.0 million for Q3 2020, a 19% increase year-over-year, driven by a 48% surge in MSO revenue and a 22% rise in Community Broadband revenue. Gross profit also hit a record at $10.8 million, with a margin of 41.5%. Despite lower international sales, operational efficiencies and product innovations contributed to this growth. Year-to-date revenues rose 8% to $65.8 million, and net income reached $4.2 million, or $0.31 per diluted share. The company maintains a positive outlook for fiscal 2021, bolstered by strong demand amid COVID-19.
Clearfield, Inc. (NASDAQ: CLFD) will hold a conference call on July 23, 2020, at 5:00 p.m. Eastern Time to discuss its fiscal Q3 results for the period ending June 30, 2020. The financial results will be released prior to the call, along with a FieldReport that will provide insights into the company’s operational performance. This session, hosted by President and CEO Cheri Beranek and CFO Dan Herzog, will also feature a Q&A segment. The call will be webcast live with a replay available until August 6, 2020.