Clearfield Stock Price, News & Analysis

Clearfield, a fiber management specialist, is set to hold a conference call on May 4, 2023, at 5:00 p.m. Eastern time to discuss its fiscal second quarter results for the period ending March 31, 2023. Financial results will be released prior to the call and will be available on the company’s Investor Relations section of its website. The audio of the conference will be available for live streaming, with a replay accessible after 8:00 p.m. Eastern time on the same day until May 18, 2023.

Clearfield designs and manufactures fiber optic management products, catering to various communication sectors. The company, headquartered in Minneapolis, is known for deploying over a million fiber ports annually.

Clearfield, Inc. (NASDAQ: CLFD), a leader in community broadband fiber connectivity, will participate in the 35th Annual ROTH Conference at The Ritz-Carlton, Laguna Niguel, Dana Point, CA from March 13-14, 2023. Company management will be available for one-on-one meetings throughout the conference. Interested parties can contact their ROTH representative or Clearfield's investor relations team at CLFD@gatewayir.com for invitations and meeting requests.

Clearfield designs and manufactures fiber optic management products, deploying over a million fiber ports annually. For more information, visit www.SeeClearfield.com.

Clearfield, Inc (NASDAQ:CLFD) has launched the SeeChange™ Terminal, a carrier-grade access terminal designed for fiber network deployments. This plug-and-play solution aims to address supply chain issues and technician shortages in community broadband and 5G networks. The robust terminal is engineered for extreme environments and supports rapid deployment with minimal training. The SeeChange system features hardened fiber assemblies available in multiple connector types and is versatile for various installation scenarios, enhancing connectivity in previously hard-to-reach areas. Clearfield continues to innovate within the fiber-optic management sector.

Clearfield, Inc. (NASDAQ: CLFD) announced impressive first-quarter fiscal 2023 results, highlighting a 68% increase in revenue year-over-year to $86 million and a net income of $14.3 million, or $1.00 per diluted share, up 37% from the prior year. The company reaffirmed its fiscal 2023 net sales guidance of $380 to $393 million, indicating 40% to 45% growth. Gross profit margin declined to 35.7% from 44.9%, attributed to increased operational costs and investments in capacity expansion. Clearfield aims to improve delivery lead times, now targeted at 8 to 10 weeks, enhancing its competitive position in the growing high-speed broadband market.