Clearfield, Inc. manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures. It also provides WaveSmart, which are optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and outdoor cabinet and fiber active cabinet products. In addition, the company offers StreetSmart, a portfolio of fiber management products; FieldShield, a fiber pathway and protection method for reducing the cost of broadband deployment; and YOURx platform that consists of hardened terminals, test access points, and various drop cable options for portions of the access network across various fiber drop cable media. Further, it provides CraftSmart, a line of optical protection field enclosures, including CraftSmart Fiber Protection Pedestals and CraftSmart Fiber Protection Vaults integrated solutions optimized to house FieldSmart products at the last mile access point of the network in above-grade or below-grade installations. Additionally, the company offers fiber and copper assemblies with an industry-standard or customer-specified configuration; and designs and manufactures custom solutions for in-the-box and network connectivity assemblies specific to that customer's product line. It provides its fiber to anywhere platform for various incumbent local exchange carriers, competitive local exchange carriers, wireless operators, and MSO/cable TV companies, as well as the utility/municipality, enterprise, and data center markets. The company was formerly known as APA Enterprises, Inc. and changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. was founded in 1979 and is headquartered in Minneapolis, Minnesota.
IPO Year:
Exchange: NASDAQ
Website: seeclearfield.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/2/2024 | $31.00 → $47.00 | Hold → Buy | Lake Street |
5/3/2024 | $25.00 → $40.00 | Market Perform → Outperform | Northland Capital |
8/4/2023 | $45.00 | Outperform → Market Perform | Northland Capital |
5/5/2023 | Buy → Hold | Lake Street | |
1/17/2023 | $120.00 | Buy | ROTH Capital |
1/4/2023 | $141.00 | Outperform | Cowen |
1/19/2022 | $37.00 | Sell | BWS Financial |
12/14/2021 | $92.00 | Buy | Needham |
8-K - Clearfield, Inc. (0000796505) (Filer)
10-Q - Clearfield, Inc. (0000796505) (Filer)
8-K - Clearfield, Inc. (0000796505) (Filer)
SD - Clearfield, Inc. (0000796505) (Filer)
10-Q - Clearfield, Inc. (0000796505) (Filer)
8-K - Clearfield, Inc. (0000796505) (Filer)
8-K - Clearfield, Inc. (0000796505) (Filer)
8-K - Clearfield, Inc. (0000796505) (Filer)
10-Q - Clearfield, Inc. (0000796505) (Filer)
8-K - Clearfield, Inc. (0000796505) (Filer)
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4 - Clearfield, Inc. (0000796505) (Issuer)
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NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t
Lake Street upgraded Clearfield from Hold to Buy and set a new price target of $47.00 from $31.00 previously
Northland Capital upgraded Clearfield from Market Perform to Outperform and set a new price target of $40.00 from $25.00 previously
Northland Capital downgraded Clearfield from Outperform to Market Perform and set a new price target of $45.00
Lake Street downgraded Clearfield from Buy to Hold
ROTH Capital initiated coverage of Clearfield with a rating of Buy and set a new price target of $120.00
Cowen initiated coverage of Clearfield with a rating of Outperform and set a new price target of $141.00
BWS Financial initiated coverage of Clearfield with a rating of Sell and set a new price target of $37.00
Needham initiated coverage of Clearfield with a rating of Buy and set a new price target of $92.00
Northland Capital upgraded Clearfield from Market Perform to Outperform and set a new price target of $36.00 from $30.00 previously
Lake Street Capital reiterated coverage of Clearfield with a rating of Buy and set a new price target of $37.00 from $25.00 previously
In the latest quarter, 4 analysts provided ratings for Clearfield (NASDAQ:CLFD), showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 3 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.75, a high estimate of $47.00, and a low estimate of $36.00. This upward trend is evident, with the curre
Needham analyst Ryan Koontz reiterates Clearfield (NASDAQ:CLFD) with a Buy and maintains $42 price target.
U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday. Shares of Amgen Inc. (NASDAQ:AMGN) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma. Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from Benzinga Pro. The company reported quarterly sales of $7.447 billion, which bea
Gainers AXT (NASDAQ:AXTI) stock moved upwards by 25.7% to $3.81 during Friday's pre-market session. The market value of their outstanding shares is at $168.5 million. The company's, Q1 earnings came out yesterday. AEye (NASDAQ:LIDR) shares increased by 16.5% to $1.2. The company's market cap stands at $7.8 million. OneSpan (NASDAQ:OSPN) shares moved upwards by 15.55% to $12.65. The market value of their outstanding shares is at $478.8 million. As per the news, the Q1 earnings report came out yesterday. Clearfield (NASDAQ:CLFD) stock rose 13.47% to $36.21. The market value of their outstanding shares is at $532.5 million. As per the news, the Q2 earnings report came out yesterday. Upland
Needham analyst Ryan Koontz maintains Clearfield (NASDAQ:CLFD) with a Buy and raises the price target from $36 to $42.
Gainers OneSpan (NASDAQ:OSPN) stock increased by 20.2% to $13.16 during Thursday's after-market session. The company's market cap stands at $498.0 million. As per the news, the Q1 earnings report came out today. Digimarc (NASDAQ:DMRC) shares increased by 12.78% to $25.5. The market value of their outstanding shares is at $545.0 million. The company's, Q1 earnings came out today. Wetouch Technology (NASDAQ:WETH) shares increased by 11.11% to $1.9. The company's market cap stands at $22.6 million. Clearfield (NASDAQ:CLFD) shares increased by 9.68% to $35.0. The company's market cap stands at $514.7 million. As per the press release, Q2 earnings came out today. Five9 (NASDAQ:FIVN) stock ro
Revenue of $48.8 million and net loss per share of $(0.04) exceeded guidance Outperformance driven by strong sales in International and Community Broadband markets Share buy-backs totaled $5.5 million with $25 million remaining available for repurchases MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal third quarter 2024. Fiscal Q3 2024 Financial Summary (in millions except per share data and percentages)Q3 2024 vs. Q3 2023 Change Change (%)Net Sales$ 48.8 $61.3 $(12.5) -20% Gross Profit ($)$ 10.7 $19.1 $(8.4
MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its third quarter ended June 30, 2024, results will be released on Thursday, August 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S.
Revenue of $36.9 million and net loss per share of $(0.40) - both above the high end of their respective guidance rangesBacklog increased sequentially driven by strength in Community BroadbandBoard of Directors increased share repurchase program authorization from $40 million to $65 million MINNEAPOLIS, May 02, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter 2024. Fiscal Q2 2024 Financial Summary (in millions except per share data and percentages)Q2 2024vs. Q2 2023Change Change (%)Net Sales$ 36.9 $71.8 $(34.9) -49% Gross Profit ($)$ 2.8 $23.6 $(20.7) -88%Gross Profit (%) 7.7% 32.8% -25.1% -77%
MINNEAPOLIS, April 19, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its second quarter ended March 31, 2024, results will be released on Thursday, May 2, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, May 2, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S
Repurchased approximately $12 million in shares under Share Repurchase Program, leaving $21 million available for additional repurchases. Announced a new product - a smaller vault which is designed to reduce deployment time and lower the cost of total deployment. Expects to achieve full Build America, Buy America (BABA) Act compliance by end of calendar 2024. MINNEAPOLIS, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal first quarter 2024, ended December 31, 2023. Fiscal Q1 2024 Financial Summary (in millions except per share data and percentages)Q1 2024vs. Q1 2023Change Change (%) Net Sales$ 34.2
MINNEAPOLIS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its first quarter ended December 31, 2023 results will be released on Thursday, February 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, February 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central ti
Board of Directors increases share repurchase program authorization from $22 million to $40 million.Company expects to achieve full Build America, Buy America (BABA) Act compliance by end of calendar 2024. MINNEAPOLIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fourth quarter and fiscal year ended September 30, 2023. Fiscal Q4 2023 Financial Summary (in millions except per share data and percentages)Q4 2023vs. Q4 2022Change Change (%)Net Sales$ 49.7 $95.0 $(45.3)-48% Gross Profit ($)$ 12.0 $37.5 $(25.5)-68%Gross Profit (%) 24.1% 39.5% -15.3%-39% Income from Operations$ 1.7 $22.3 $(20.6)-92%Income
MINNEAPOLIS, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its fourth quarter and fiscal year ended September 30, 2023 results will be released on Thursday, November 9, 2023, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, November 9, 2023Time: 5:00 p.m. Eastern
Record international revenues driven by the performance of Nestor Cables.Reiterates revenue guidance and increases net income per share guidance to $2.05 to $2.15 for fiscal year 2023. MINNEAPOLIS, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the third quarter of fiscal 2023. Fiscal Q3 2023 Financial Summary (in millions except per share data and percentages)Q3 2023vs. Q3 2022ChangeChange (%)Net Sales$61.3 $71.3 $(10.0)-14% Gross Profit ($)$19.1 $29.3 $(10.2)-35%Gross Profit (%) 31.1% 41.1% -10.0%-24% Income from Operations$5.6 $16.6 $(11.0)-66%Income Tax Expense$1.8 $3.9 $(2.0)-53% Net Income$5.2 $12
MINNEAPOLIS, July 20, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communications providers, will hold a conference call on Thursday, August 3, 2023 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal third quarter ended June 30, 2023. Financial results will be issued in a press release prior to the call and will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 3, 2023Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S. dial-in: 1-844-826-3033 International
Revenue of $48.8 million and net loss per share of $(0.04) exceeded guidance Outperformance driven by strong sales in International and Community Broadband markets Share buy-backs totaled $5.5 million with $25 million remaining available for repurchases MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal third quarter 2024. Fiscal Q3 2024 Financial Summary (in millions except per share data and percentages)Q3 2024 vs. Q3 2023 Change Change (%)Net Sales$ 48.8 $61.3 $(12.5) -20% Gross Profit ($)$ 10.7 $19.1 $(8.4
First Women Changing Fiber for Good AMPLIFY Award Winner Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the Fiber Broadband Association (FBA) awarded Cheri Beranek, President and Chief Executive Officer of Clearfield, its Women Changing Fiber for Good AMPLIFY Award at an Awards Luncheon that recognized leaders across a variety of categories and disciplines. This award recognizes women who are making changes that will impact and improve the fiber broadband industry for years to come. "Cheri has had a profound impact on her company, community, and the industry, and we're thrilled she was selected as the inaugural recipient of the Wome
With an average of 30 minutes per deployment time saved, Clearfield's innovative new test access point streamlines the homes connected process Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the availability of the CraftSmart® Deploy Reel Test Access Point (TAP) Box and Home Deployment Kit (HDK), extending Clearfield's field-proven fiber management expertise and leading-edge fiber connectivity performance all the way into the home. The HDK option offers the Deploy Reel TAP kitted with the home equipment cable and angled wall faceplate for the final connection into the home. These products satisfy a pressing need for industry network op
As industry prepares to tap NTIA BEAD Funding in 2026, Clearfield ensures its customers can meet stringent federal funding requirements to close the Digital Equity Gap Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, is highlighting its BABA-compliant fiber products at Fiber Connect 2024, being held July 28-31, at the Gaylord Opryland Resort in Nashville, Tenn. The company will discuss its Build America, Buy America (BABA) Act compliant products and philosophies at the event, as well as provide reference information on its website for service providers to use in meeting federal funding requirements. Enacted as a part of the Infrastructure Investment
MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its third quarter ended June 30, 2024, results will be released on Thursday, August 1, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, August 1, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S.
Morgan recognized for the positive changes he championed in the fiber broadband industry Clearfield (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced that Kevin Morgan, Chief Marketing Officer of Clearfield, Inc., has been named a Notable Chief Marketing Officer for 2024 by Twin Cities Business. This award goes to those who have proven themselves and the brands they represent worthy of recognition. To qualify for this list, individuals must have shown an ability to effect change in their industry; Morgan has played an integral role over the past several decades through his work at the companies he has been a part of, as well as the industry association
Revenue of $36.9 million and net loss per share of $(0.40) - both above the high end of their respective guidance rangesBacklog increased sequentially driven by strength in Community BroadbandBoard of Directors increased share repurchase program authorization from $40 million to $65 million MINNEAPOLIS, May 02, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ:CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter 2024. Fiscal Q2 2024 Financial Summary (in millions except per share data and percentages)Q2 2024vs. Q2 2023Change Change (%)Net Sales$ 36.9 $71.8 $(34.9) -49% Gross Profit ($)$ 2.8 $23.6 $(20.7) -88%Gross Profit (%) 7.7% 32.8% -25.1% -77%
Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, will participate in a fireside chat at the Needham Technology, Media, & Consumer Conference on May 14, 2024. The conference will be held at the Westin Grand Central Hotel in New York City. Clearfield's President and Chief Executive Officer, Cheri Beranek, and Chief Financial Officer, Dan Herzog, are scheduled to present on Tuesday, May 14, at 9:30 a.m. Eastern time. A live webcast, as well as a replay, of the presentation will be available here. About Clearfield, Inc. Clearfield, Inc. (NASDAQ:CLFD) designs, manufactures, and distributes fiber optic management, protection, and delivery products for co
MINNEAPOLIS, April 19, 2024 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its second quarter ended March 31, 2024, results will be released on Thursday, May 2, 2024, after the close of the market. The company will host a conference call at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results with the investment community. Financial results will be available on the Investor Relations section of the company's website along with an earnings presentation to accompany management's prepared remarks. Date: Thursday, May 2, 2024Time: 5:00 p.m. Eastern time (4:00 p.m. Central time)U.S
Developed in collaboration with BILT, Clearfield ensures higher-quality field installations Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the availability of 3D interactive instructions for Clearfield® products delivered via the BILT® mobile app that provides installers an easy way to streamline the installation process available at no extra charge. The animated guides were developed in response to the Clearfield customer base, and will help reduce installation errors, time, and field issues by ensuring fiber technicians have access to the information they need right at their fingertips. "This training tool is exactly what the tech