Clearfield

Clearfield, Inc. engages in the design, manufacture, and distribution of fiber protection. It operates through the Clearfield and Nestor Cable segment. The Clearfield segment involves the design, manufacture, and selling of fiber management, protection, and delivery solutions. The Nestor Cables segment includes designs, manufacture, and selling fiber management, protection, and delivery solutions. The company was founded in 1979 and is headquartered in Brooklyn Park, MN.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Clearfield reports robust Q1 performance and ambitious growth plans

Clearfield's Q1 performance reflects strong financial results, with a focus on growth in core markets and effective cost management strategies.
The company's ambitious growth plans, strategic initiatives, and commitment to innovation position it well for future success in the fiber broadband industry.
While facing challenges related to supply chain management and gross margins, Clearfield's proactive approach to addressing these issues underscores its resilience and determination.

Clearfield faces revenue challenges but sees growth opportunities ahead

Clearfield's Q2 performance reflects revenue challenges but also highlights growth potential and strategic focus on innovation and market share.
While facing competition and gross margin challenges, the company's strong balance sheet and strategic initiatives offer opportunities for future growth.
Management's optimism, commitment to industry expansion, and focus on new products position Clearfield for long-term success despite current challenges.
Investments in capacity, innovation, and relationships underscore Clearfield's resilience and potential to navigate market dynamics and drive growth.

Clearfield reports robust Q3 earnings, invests in future growth

Clearfield's Q3 performance reflects strong sales driven by Nestor Cables, with a focus on operational efficiency and financial stability.
While facing challenges like revenue slowdown and supply constraints, Clearfield is well-positioned to capitalize on market opportunities.
The company's strategic investments in product development and infrastructure underscore its commitment to long-term growth and competitiveness.
Clearfield's ability to adapt to industry dynamics and meet end-user demand for fiber broadband services highlights its resilience and market potential.

Clearfield faces challenges in Q4 2023 but eyes growth opportunities

Clearfield's Q4 performance showed mixed results with challenges expected in the first half of fiscal 2024. Despite declining gross margins, the company introduced new products and increased share buyback authorization. Opportunities lie in the BEAD program and the company's strategic focus on fulfilling rural market needs.

Clearfield reports Q1 net sales of $34.2M, anticipates industry growth

Clearfield's Q1 performance reflected strong net sales driven by regional service providers, offset by a decline in gross profit margin and a net loss of $5.3 million.
The company's strategic focus on expanding its product portfolio and capitalizing on industry growth opportunities aligns with its strong balance sheet and long-term vision.
While facing challenges in profitability and lower demand, Clearfield remains optimistic about the broadband industry's long-term prospects and aims to enhance shareholder value.
Guidance for the second quarter indicates a continued focus on cost management and growth initiatives to navigate market challenges and drive future profitability.

Clearfield reports Q2 net sales growth amidst profit margin challenges

Clearfield navigated a transition year with Q2 net sales driven by Community Broadband customers and product innovation efforts.
Despite challenges such as decreased net sales and lower profit margins, the company remains focused on growth opportunities in the fiber deployment market.
Anticipated Q3 net sales of $40-44 million and increased share buyback authorization signal Clearfield's strategic approach to financial performance and shareholder value.

Clearfield (CLFD) exceeds Q3 sales target, eyes growth opportunities

Clearfield (CLFD) delivered strong sales performance in Q3 2024, with improvements in gross profit margin and cost management, despite a net loss driven by investment in future growth.
The company's focus on diversification into adjacent markets and the expected revenue from BEAD compliant products signal a promising outlook for Clearfield's future growth potential.
While challenges in profitability persist, Clearfield's solid financial position and strategic initiatives position it well to navigate market dynamics and capitalize on emerging opportunities.

Clearfield reports Q4 resilience, eyes growth in U.S. market

Clearfield's Q4 2024 performance showed resilience with positive cash flow and exceeded guidance, despite a decrease in net sales.
The company's strengths in innovation, market positioning, and transparency provide a solid foundation for future growth and profitability.
While challenges in revenue generation persist, Clearfield's strategic focus on growth opportunities and market improvements sets the stage for fiscal year 2025.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Clearfield, Inc. (CLFD) Q1 2024 Earnings Call Transcript

Clearfield (CLFD) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.40. This compares to earnings of $1 per share a year ago.

Clearfield (CLFD) Reports Q1 Loss, Tops Revenue Estimates

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.

Clearfield Reports Fiscal First Quarter 2024 Results

MINNEAPOLIS--(BUSINESS WIRE)-- #Broadband--Clearfield (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the availability of the CraftSmart® Fiber Protection Vault, an innovative, new design that eliminates the current supply chain constraints and delivers a 300% improvement in shipping and inventory space. The innovative design, crafted by Clearfield's internal design team, allows the vaults to be shipped unassembled and flat packed, which enables shipping multiple vaults.

Clearfield® Streamlines its Supply Chain with CraftSmart® Fiber Protection Vault for Underground Deployments

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.

Clearfield Sets Fiscal First Quarter 2024 Earnings Call for Thursday, February 1, 2024

MINNEAPOLIS--(BUSINESS WIRE)-- #Broadband--Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, will participate in a fireside chat at the Needham Growth Conference on January 17, 2024. The conference will be held at the Lotte New York Palace 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 Wednesday, January 17, at 11:00 a.m. Eastern time. A live webcast, as well.

Clearfield to Present at the Needham Growth Conference

Clearfield, Inc. stock has had a horrific year: it's down almost 70 % this year. Given the fall, Clearfield stock now looks cheap and is available at an enterprise value to revenue (EV/R) ratio of just above 1. Steps taken by management to support growth aid the quantitative factors suggesting future outperformance. I'm issuing a Buy rating but recommend holding Clearfield, Inc. stock in a diversified portfolio.

Clearfield: If You're Looking For A Bargain, Here's One To Consider

Agiliti Inc

AdaptHealth Corp

Digital Turbine

Cytek Biosciences

3D Systems

Enphase Energy

Harmony Biosciences Holdings

Lumen Technologies

Moderna

SunPower

Vir Biotechnology

According to a study published this summer in The Review of Financial Studies, these vulnerable stocks are the ones that are most difficult to borrow and then sell short.

Why these stocks could lose money even if the market gains

MINNEAPOLIS--(BUSINESS WIRE)-- #Broadband--Ernst & Young LLP (EY US) announced that Cheri Beranek, president and CEO of Clearfield, Inc. (NASDAQ: CLFD), was named an Entrepreneur Of The Year® 2023 National Award winner, following Beranek's selection as a Heartland regional award winner in June. Winners were selected from a pool of 224 regional Entrepreneur Of The Year 2023 Award winners from 197 companies across the US. Entrepreneur Of The Year was created to honor those audacious entrepreneurs who dare.

EY Announces Cheri Beranek of Clearfield, Inc. as an Entrepreneur Of The Year® 2023 National Award Winner

Clearfield, Inc. faces near-term challenges, including negative revenue growth rates and uncertainties related to the BEAD program, which was once seen as a positive factor. I am bearish on Clearfield due to its potential value trap, despite a seemingly low valuation of around 13x forward earnings. Despite management initiatives, such as a share repurchase program and a strong balance sheet, my cautious sentiment persists, leading to a downgrade to a sell rating.

Clearfield's Valuation Nightmare: A Closer Look At Its 13x Forward Earnings Trap

Clearfield, Inc. (NASDAQ:CLFD ) Q4 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Greg McNiff – Investor Relations Cheri Beranek – President and Chief Executive Officer Kevin Morgan – Chief Marketing Officer Dan Herzog – Chief Financial Officer Conference Call Participants Jason Schmidt – Lake Street Scott Searle – Roth Capital Partners Ryan Koontz – Needham and Company Greg Mesniaeff – WestPark Tim Savageaux – Northland Capital Markets Operator Good day and welcome to Clearfield Fiscal Fourth Quarter and Full Year 2023 Conference Call. All participants will be in listen-only mode.

Clearfield, Inc. (CLFD) Q4 2023 Earnings Call Transcript

MINNEAPOLIS, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced that its Board of Directors has authorized an increase to the company's common stock share repurchase program from $22 million to $40 million.

Clearfield Announces Increase to Share Repurchase Program

Clearfield (CLFD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Clearfield (CLFD) to Report a Decline in Earnings: What to Look Out for

MINNEAPOLIS--(BUSINESS WIRE)-- #Clearfield--Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, will participate in a fireside chat at the Needham Virtual Security, Networking, & Communications Conference on November 14, 2023. Clearfield's President and Chief Executive Officer, Cheri Beranek, and Chief Financial Officer, Dan Herzog, are scheduled to virtually present on Tuesday, November 14, at 1:30 p.m. Eastern time. A live webcast, as well as a replay, of the presenta.

Clearfield to Present at the Needham Virtual Security, Networking, & Communications Conference

American Airlines

Delta Air Lines

Deutsche Bank

Novartis

Raytheon Technologies

Take-Two Interactive Software

Despite multiple macroeconomic issues in the past year, the market looks to finally be turning back up as 2024 nears. In 2022 and 2023, unexpected downturns from the bear market, threats of an impending recession, and inflationary pressure brought down hundreds of growing companies.

7 Undervalued Stocks to Buy Before Everyone Else

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.

Clearfield Sets Fiscal Fourth Quarter and Full Year 2023 Earnings Call for Thursday, November 9, 2023

Clearfield experienced a significant run-up in stock price fueled by strong growth and optimistic guidance, but has since seen a steep decline. Despite the recent downturn, Clearfield's core business and offerings remain strong, with potential for growth in rural broadband and 5G markets. The company's management had executed a masterstroke by raising cash and beefing up its balance sheet at the right time.

Clearfield: Being Greedy When Others Are Fearful

MINNEAPOLIS--(BUSINESS WIRE)-- #BABA--Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, today announced the CraftSmart® FiberFirst 6-inch Pedestal, a compact, secure, above-ground access point ideal for operators looking to expand their fiber footprint into less densely populated areas and communities. As NTIA BEAD funding starts to flow, having economical Build America, Buy America (BABA)-qualified products that can streamline the delivery of fiber broadband servic.

Clearfield Delivers FiberFirst 6-inch Pedestal to Facilitate Fiber Homes Connected

MINNEAPOLIS--(BUSINESS WIRE)-- #Broadband--Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the FieldSmart® FiberFlex 1700 active cabinet, an all-in-one design capable of integrating fiber, power, and active equipment that is tailored to fit into any outdoor plant scenario. Designed to be configured for numerous applications including remote OLTs with PON distribution, wireless base stations with fiber backhaul aggregation, edge compute server support, or.

Clearfield Sizes Active Cabinet to Expand Fiber First Mover Deployments

LONDON--(BUSINESS WIRE)-- #Clearfield--Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fibre connectivity, today announced the launch of its FieldShield blowable MPO fibre assemblies, the fibre industry's first pushable/blowable 12-fibre MPO pre-connectorized cable capable of blowing fibre over 1.5 km. Developed as part of the integration of Nestor Cables, Ltd (“Nestor”), a subsidiary of Clearfield, the new solution will be on display at Clearfield's and Nestor's common stand at Connected B.

Clearfield Blows Past Traditional MPO Limits with FieldShield® Blowable MPO Fibre Assemblies

MINNEAPOLIS--(BUSINESS WIRE)-- #ISE--Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced that its SeeChange® Access Terminal and Hardened Connector System was recognized among the best by the 2023 ISE Network Innovators' Awards. An esteemed and experienced panel of judges from the Telecom/Broadband Network Service Provider Community recognized Clearfield as a high-scoring honoree. “On behalf of the 2023 ISE Network Innovators' Awards, I would like to c.

Clearfield's SeeChange Honored with 2023 ISE Network Innovator Award

MINNEAPOLIS--(BUSINESS WIRE)-- #FiberConnect23--Clearfield, Inc. (NASDAQ:CLFD), the leader in community broadband fiber connectivity, today announced the product launch of the ClearPass™ Dust Cap. Clearfield's patented, integrated solution helps operators ensure the fiber end face has a clean, dust-free connection surface. With a 92% cleaning effectiveness rate when used on a Clearfield terminated product, the ClearPass Dust Cap adds to the Clearfield Labor Lite solution set, delivering a simple-to-use, integrat.

Clearfield Improves First Pass Yield in Fiber Networks by Expanding Product Line to Include ClearPass™ Dust Cap

MINNEAPOLIS--(BUSINESS WIRE)-- #FiberConnect23--Clearfield, Inc. (NASDAQ: CLFD), the leader in community broadband fiber connectivity, announced that it has been accepted to speak at the Fiber Broadband Association's Fiber Connect 2023, held August 20-23, 2023, at the Gaylord Palms Resort & Convention Center in Orlando, FL. Clearfield will offer thought leadership on deployment challenges and opportunities, workforce development, and fiber expansion. Fiber Connect 2023 will explore “What Fiber Disrupts Next”.

Clearfield, Inc. to Share Expertise at Fiber Connect 2023

Clearfield Inc. (NASDAQ:CLFD ) Q3 2023 Earnings Call Transcript August 3, 2023 5:00 PM ET Company Participants Greg McNiff - Investor Relations Cheryl Beranek - CEO, President and Director Kevin Morgan - Chief Marketing Officer Daniel Herzog - Chief Financial Officer Conference Call Participants Ryan Koontz - Needham Scott Searle - ROTH MKM Greg Mesniaeff - WestPark Capital Operator Good day, and welcome to the Clearfield Fiscal Third Quarter 2023 Conference Call. All participants will be in a listen-only mode for the duration of the call.

Clearfield Inc. (CLFD) Q3 2023 Earnings Call Transcript

Clearfield (CLFD) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.92 per share a year ago.

News for Clearfield Stock (CLFD)