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) 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.
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