Clearfield (CLFD) closed the last trading session at $36.36, gaining 37.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $46 indicates a 26.5% upside potential.The average comprises four short-term price targets ranging from a low of $44 to a high of $50, with a standard deviation of $2.71. While the lowest estimate indicates an increase of 21% from the current price level, the m ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________________ to ___________________ Commission File Number 0-16106 CLEARFIELD, INC. (Exact name of registrant as specified in its charter) Minnesota 41-1347235 (State ...

Clearfield (CLFD) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.19 per share. This compares to loss of $0.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 147.37%. A quarter ago, it was expected that this maker of fiber optic management products would post a loss of $0.31 per share when it actually produced a loss of $0.13, delivering a surprise of 58.06%.Over the l ...

Clearfield (CLFD) Q2 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 day and welcome to the Clearfield Fiscal Second Quarter twenty twenty five Conference Call. All participants will be in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Greg McNiff, Investor Relations for Clearfield. Please go ahead. Speaker1 Thank you. Joining me on today's call are ...

EXHIBIT 99.1 Clearfield Reports Second Quarter Fiscal 2025 Results MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. Fiscal Q2 2025 Financial Summary | (in millions except per share data and | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | percentages) | | Q2 2025 | vs. Q2 | 2024 | | Change | Change (%) | | Net Sales | $ | 47.2 | $ | 36.9 | $ | 10.3 | 28% | | Gross Profit ( ...

Company returns to profitability, generating net income per diluted share of $0.09Revenue of $47.2 million driven by 47% year-over-year growth in the Clearfield SegmentCompany focused on executing to opportunity, yet economic uncertainty leads the Company to reiterate fiscal 2025 net sales guidance in the range of $170 million to $185 million MINNEAPOLIS, May 08, 2025 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity, reported results for the fiscal second quarter of 2025. ...

Core Viewpoint - Clearfield, Inc. will announce its financial results for the second quarter of fiscal 2025 on May 8, 2025, after market close, and will host a conference call to discuss these results with the investment community [1][2]. Company Overview - Clearfield, Inc. (NASDAQ: CLFD) specializes in designing, manufacturing, and distributing fiber optic management, protection, and delivery products for communications networks [3]. - The company operates a "fiber to anywhere" platform that meets the needs of various market segments, including traditional and alternative carriers, cable TV companies, utilities, municipalities, enterprises, data centers, and military markets [3]. - Clearfield is headquartered in Minneapolis, MN, and deploys over one million fiber ports annually [3].

Company Overview - Breezeline is the eighth-largest cable operator in the United States, providing Internet, TV, and Phone services across 13 states, including Pennsylvania [5] - The company is a subsidiary of Cogeco Communications, which also operates in Canada under the Cogeco Connexion name [5] Fiber Deployment - Breezeline will soon deploy fiber-to-the-home (FTTH) internet services in several Pennsylvania counties, including Johnstown, Altoona, Uniontown, and Clearfield [1] - The fiber activation aims to enhance internet connectivity for both homes and businesses in these areas [1] Technological Investment - The company is continuously investing in advanced technologies to accommodate the growing demand for internet data usage, aiming to deliver faster speeds and improved reliability [2] - High-speed internet is expected to provide significant economic benefits to local communities by attracting employers, fostering business innovation, and enhancing job growth and productivity [2] Community Impact - Breezeline's FTTH technology will offer ultrafast and reliable connectivity, which is essential for online learning, telemedicine, remote work, and cloud computing [2][3] - Current customers will have the opportunity to transition to the new fiber platform with free installation [3] Industry Recognition - The Broadband Communications Association of Pennsylvania commended Breezeline for its investment in state-of-the-art internet connectivity, highlighting the importance of fiber for future scalability [3]

Financial Performance - Net sales for the three months ended December 31, 2024, were $35,476,000, an increase of approximately 4%, or $1,246,000, from $34,230,000 for the same period in 2023[105] - Net sales to Broadband Service Providers increased to $33,440,000, up from $31,915,000, while sales to Legacy customers decreased to $2,036,000 from $2,376,000[105] - The Clearfield segment net sales increased by 6%, or $1,597,000, to $29,698,000 for the three months ended December 31, 2024, driven by increased demand from National Carrier and Community Broadband customers[120] - The Nestor Cables segment net sales decreased by 6%, or $351,000, to $5,778,000 for the three months ended December 31, 2024, due to decreased demand[122] Cost and Expenses - Cost of sales decreased by $2,239,000, or 8%, to $27,294,000 for the three months ended December 31, 2024, resulting in a gross profit increase of $3,486,000, or 74%, to $8,182,000[109] - Selling, general and administrative expenses decreased by $701,000, or 6%, to $12,158,000 due to cost management efforts[110] Loss and Net Income - Loss from operations decreased by approximately 51% to $3,975,000 for the three months ended December 31, 2024, compared to a loss of $8,162,000 for the same period in 2023[111] - Net loss for the three months ended December 31, 2024, was $1,906,000, or $0.13 per share, down from a net loss of $5,268,000, or $0.35 per share, for the same period in 2023[115] - The income tax benefit decreased to $426,000 for the three months ended December 31, 2024, from $951,000 for the same period in 2023, primarily due to decreased loss from operations[114] Cash Flow and Investments - As of December 31, 2024, the company's cash, cash equivalents, and short-term investments totaled $113,014,000, a decrease from $130,992,000 as of September 30, 2024[124] - The company reported net cash provided by operating activities of $7,150,000 for the three months ended December 31, 2024, compared to $10,800,000 for the same period in 2023[126][127] - The decrease in inventory was $6,871,000 for the three months ended December 31, 2024, attributed to reduced inventory purchases as the company utilized existing stock[126] - The company received proceeds from the maturity of investment securities of $54,476,000 during the three months ended December 31, 2024, compared to $51,068,000 in the same period of 2023[128][129] - Cash used for stock repurchases was $6,275,000 for the three months ended December 31, 2024, down from $12,184,000 in the same period of 2023[130][132] - The company invested $39,015,000 in investment securities during the three months ended December 31, 2024, compared to $47,748,000 in the same period of 2023[128][129] Operational Metrics - Order backlog as of December 31, 2024, was $26,028,000, an increase of 3.6% from $25,133,000 as of September 30, 2024, but a decrease of 40% from $43,451,000 as of December 31, 2023[107] - Days sales outstanding decreased by 11 days to 36 days as of December 31, 2024, compared to 47 days as of December 31, 2023[126] Market Risks - The company is exposed to market risks from fluctuations in foreign currency exchange rates, with a potential impact of approximately $144,000 on operating expenses if the Euro fluctuated by 10% against the U.S. Dollar[138]

Financial Data and Key Metrics Changes - The company reported first quarter fiscal 2025 net sales of $35.5 million, a 4% increase from $34.2 million in the prior year [17] - The net loss per share was $0.13, which was smaller than the guidance range [8] - The Clearfield segment net sales increased by 6% year over year, while the Nestor segment net sales decreased by 6% [18] Business Line Data and Key Metrics Changes - Clearfield segment net sales were $29.7 million, up 6% year over year, while Nestor segment net sales were $5.8 million, down 6% year over year [18] - The company anticipates a two-to-one ratio of connected homes to past homes as operators prioritize cash flow generation [18] Market Data and Key Metrics Changes - The company noted that many operators are initiating new multiyear projects, indicating strong demand independent of government funding [12] - The broadband equity access and deployment (BEAD) program is expected to contribute more meaningfully to revenue starting in fiscal 2026 [12] Company Strategy and Development Direction - Clearfield aims to establish itself as a one-stop shop for active cabinet deployments, adapting to industry dynamics with new products [10] - The company is focusing on enhancing European operations by accelerating MicroDuct production and targeting higher-margin solutions [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term potential of the BEAD program despite near-term uncertainties due to changes in the US administration [13] - The company is actively monitoring the evolving tariff situation and developing contingency plans to mitigate potential cost increases [16] Other Important Information - The company opened a new facility in Estonia, which is projected to generate $7 million in MicroDuct production for the current fiscal year [19] - The company reiterated its fiscal 2025 outlook of net sales in the range of $170 million to $185 million, with Clearfield segment annual revenue growth expected to be in line with or above industry forecasts of 12.5% [20] Q&A Session Summary Question: Strength in large regional customers - Management indicated that there are multiple large regional providers contributing to sales, with a focus on passing products [25][30] Question: Visibility into customer forecasts and orders - Management noted increased quoting activity and positive indicators for long-term projects, although long-term purchase agreements are not yet in place [32][34] Question: Growth separation between Clearfield and Nestor segments - Management confirmed that Clearfield is expected to grow at or above market rates, while Nestor is anticipated to have flat revenues [42][47] Question: Community broadband opportunities - Management highlighted that community broadband initiatives are seeing increased engagement and planning, with expectations for sequential growth [66][70] Question: Gross margins outlook - Management indicated that gross margins are expected to be volume-dependent, with a goal of reaching the lower to mid-twenties by the fourth quarter [81][86]