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) 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.