Clearfield Stock Price, News & Analysis

Clearfield (NASDAQ:CLFD) has launched the StreetSmart® Ready Connect™ Terminal (RCT), a compact fiber terminal designed for pedestal applications. The terminal supports up to eight drop connections and features a removable splice tray that can handle up to 24 loose-tube fibers.

The RCT is optimized for small pedestals, including Clearfield's CraftSmart® FiberFirst™ 6-inch pedestal, offering a discreet solution for rural, suburban, and urban deployments. Key features include a compact design, easy access for maintenance, robust protection with durable materials, and flexible applications supporting both mid-span splicing and drop terminations.

Clearfield reported Q4 2024 financial results with net sales of $46.8 million, down 5.9% year-over-year, and a net loss of $(0.06) per share. The company's full-year 2024 showed net sales of $166.7 million, a 38% decrease from 2023, with a net loss of $(0.85) per share. Despite challenges, Clearfield achieved BABA self-certification from NTIA and generated positive cash flow from operations of $22.2 million for the year. The company provided guidance for fiscal 2025 with expected revenues between $170-185 million, and Q1 2025 revenue guidance of $33-38 million.

Clearfield (NASDAQ: CLFD) has announced the election of Kate Kelly and Ademir Sarcevic to its Board of Directors, effective December 11, 2024. Kelly brings over 30 years of banking industry experience, notably achieving 24% annual revenue growth as Regional President at PNC. Sarcevic, currently CFO at Standex International, has over 20 years of experience in financial transformation and business growth. Kelly will serve on the Audit Committee and Nominating and Corporate Governance Committee, while Sarcevic will join the Audit Committee and Compensation Committee.

Clearfield (NASDAQ: CLFD) has scheduled its fiscal fourth quarter 2024 earnings release for Thursday, November 7, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern time to discuss financial results with investors. The earnings presentation and financial results will be available on the company's Investor Relations website. A replay of the call will be accessible until November 21, 2024.

Clearfield (NASDAQ:CLFD) announced a strategic leadership transition, appointing Anis Khemakhem as Chief Marketing Officer effective January 1, 2025. Khemakhem, currently Vice President of Global Technology Platforms, will drive marketing strategy and expansion initiatives, particularly focusing on BEAD funding opportunities. Current CMO Kevin Morgan will transition to Executive Advisor to the CEO, maintaining connections with the Fiber Broadband Association and supporting public policy efforts. The transition aims to strengthen Clearfield's market leadership in fiber broadband connectivity solutions and support expansion into new markets.

Clearfield Inc. (NASDAQ: CLFD) reported Q3 fiscal 2024 results with revenue of $48.8 million, exceeding guidance but down 20% year-over-year. The company posted a net loss of $0.04 per share, better than expected. Gross margin improved to 21.9% from 7.7% in Q2, driven by improved production capacity and lower inventory charges. Order backlog decreased to $32.6 million, down 56% from the previous year. Clearfield repurchased $5.5 million in shares, with $24.9 million remaining for future buybacks. The company expects Q4 fiscal 2024 net sales between $40-43 million and a net loss per share of $0.17-$0.22.

Clearfield Inc. (NASDAQ: CLFD) CEO Cheri Beranek has been awarded the inaugural Women Changing Fiber for Good AMPLIFY Award by the Fiber Broadband Association (FBA). This recognition highlights Beranek's significant contributions to the fiber broadband industry, including her leadership in growing Clearfield into a half-billion-dollar multinational business with over 400 employees and 1,200 customers. Under her direction, Clearfield has achieved 14 years of profitability and has been recognized by Forbes as one of America's Best Small Companies three times, most recently ranking 4th in 2022. Beranek's innovative solutions during challenging times, including the COVID-19 pandemic, and her preparation for the upcoming BEAD funding were key factors in her selection for this award.

Clearfield (NASDAQ:CLFD) has introduced the CraftSmart® Deploy Reel Test Access Point (TAP) Box and Home Deployment Kit (HDK), designed to streamline the process of connecting homes to fiber networks. These innovative products can save up to 30 minutes per installation, offering significant time savings for network operators.

The Deploy Reel TAP Box features a rounded profile for safe storage of up to 50 feet of excess fiber drop cable and 100 feet of 3mm FieldShield® FLEXdrop® cable. A customer deployment study showed time savings of 35% to 38% compared to traditional methods. The products are available for order now and will be showcased at Fiber Connect 2024 in Nashville, July 29-31, 2024.

Clearfield Inc. (NASDAQ: CLFD) is showcasing its BABA-compliant fiber products at Fiber Connect 2024, highlighting solutions that meet federal funding requirements for the $42.45 billion BEAD program. The company has expanded its manufacturing capabilities in Minnesota to accommodate BABA requirements, ensuring customers have access to domestically manufactured products for fiber broadband expansion projects.

Clearfield will demonstrate its ClearPass® Connector Dust Cap and interactive BILT App at the event. The company is also a finalist for two AMPLIFY Awards, with CEO Cheri Beranek nominated in the 'Women Changing Fiber for Good' category and Clearfield nominated in the 'Taking Fiber Further' category.