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) is a manufacturer of fiber optic management, protection, and delivery products used across broadband, data center, and communications network environments. This news page aggregates announcements, press releases, and updates related to Clearfield’s operations, products, strategy, and corporate actions, giving readers a single view into developments affecting the CLFD stock and its role in fiber connectivity.
Visitors can expect news on product launches and platform updates, such as the introduction of the NOVA Platform, a modular, high-density fiber ecosystem for modern data centers, broadband central offices, and distributed network environments. Coverage includes details on new cassettes, patch panels, and related components designed to support higher fiber densities, tool-less installation, and front-of-rack access for technicians.
The feed also highlights operational milestones and adoption metrics, including shipments of solutions like the ClearPass Connector Cleaning Dust Cap, which Clearfield reports has surpassed two million units worldwide. These stories illustrate how broadband providers and other operators use Clearfield’s products to improve installation efficiency, reduce costs, and enhance network performance.
Investors and industry participants will find financial and strategic updates here as well, including quarterly and annual results, commentary on Clearfield’s focus on community broadband and North American markets, divestitures such as the sale of the Nestor Cables business, and Board-authorized share repurchase program changes. Governance and leadership news—such as board appointments, bylaw amendments, and executive leadership transitions—are also covered.
In addition, the page features workforce and community initiatives, including Clearfield’s Tribal Broadband Training Initiative, which provides FOA-accredited fiber technician training to enrolled Tribal members. For anyone tracking the evolution of fiber connectivity, broadband buildouts, and CLFD-related developments, this page offers an organized view of Clearfield’s latest news.
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.
Clearfield (NASDAQ: CLFD), a leader in community broadband fiber connectivity, has announced its fiscal third quarter 2024 earnings call scheduled for Thursday, August 1, 2024, after market close. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss financial results with investors. Financial reports and an earnings presentation will be available on Clearfield's Investor Relations website.
The conference call will be accessible via U.S. dial-in (1-877-407-0792) and International dial-in (1-201-689-8263). A webcast replay will be available, and an audio replay can be accessed until August 15, 2024, using U.S. replay dial-in (1-844-512-2921) or International replay dial-in (1-412-317-6671) with Replay ID: 13747389.
Clearfield (NASDAQ:CLFD) announced that Kevin Morgan, its Chief Marketing Officer, has been recognized as a Notable Chief Marketing Officer for 2024 by Twin Cities Business. Morgan was honored for his significant contributions to the fiber broadband industry, particularly in rural communities. He has been with Clearfield since 2016 and has helped establish it as a leader in fiber connectivity and management. Morgan played a pivotal role in securing over $100 billion in federal funding for broadband from 2020-2030. He is also a recognized expert who frequently speaks at industry events and conferences.
Clearfield, Inc. (NASDAQ: CLFD) reported second-quarter 2024 results with revenue of $36.9 million, above the high end of guidance, and a net loss per share of $(0.40). The backlog increased sequentially, driven by strength in Community Broadband. The Board of Directors authorized a share repurchase program increase from $40 million to $65 million.
Clearfield, Inc. (CLFD) will participate in the Needham Technology, Media, & Consumer Conference on May 14, 2024, in New York City. The President and CEO, Cheri Beranek, along with the CFO, Dan Herzog, will present at 9:30 a.m. Eastern time. A webcast and replay of the presentation will be available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Clearfield (CLFD)?
What is the market cap of Clearfield (CLFD)?
