3 Years Ago
1 Min Read

CLFD moving up 11% today. A quick overview:



Shares of Clearfield Inc (CLFD) are trading 11% higher at a price of $94.285 at the time of this writing. The reasons:

The  company beat estimated earnings by roughly 40%, with an EPS of $0.92 verse the estimated $0.44. The company is expecting FY22 revenue to be about 10 to 20 million higher than previous guidance of the $220 million to $225 million range predicted earlier.

Clearfield Inc has been trading between a 52-week high of $86.71 and a 52-week low of $39.7. The stock has a market cap of $1.3 Billion.

Clearfield, Inc. designs, manufactures, and distributes fiber optic management, protection and delivery products for communications networks. Its "fiber toanywhere" platform serves the unique requirements of leading incumbent local exchange carriers (traditional carriers), competitive local exchange carriers (alternative carriers), and MSO/cable TV companies, while also catering to the broadband needs of the utility/municipality, enterprise, data center and military markets.