Clearfield Inc is an American company and global leader in the fiber optics management industry. The company is recently in the headlines regarding being listed as one among the two publicly traded stocks that could have a raised potential of at least 60% in the coming year.
Clearfield Inc also maintains an impressive stat in Tier 2 and 3 BSPs in the fiber protection, management, and delivery solutions segment of the FTTH broadband market.
Clearfield Inc: Bio
Clearfield Inc is a designer, manufacturer, and distributor of fiber optic management, protection, and delivery products for communications networks. The company is primarily focused on the industry of fiber optics manufacturing, cable manufacturing, and communications equipment.
The fiber management is carried out through the inside plant facilities, to the outside plant facilities, to the home, and to the drop-off points in between.
Clearfield Inc is headquartered in Minneapolis, Minnesota in the United States of America.
Clearfield Inc. Origin And History
Clearfield Inc was founded in 2008. It was formerly known as APA Cables. The company had begun its journey in the latter part of the 1980s through the launch of APA Optics.
In 2003 this venture through its IPO and other related public offerings named as APA Enterprises had acquired the fiber connectivity operations of Americable and Computer System Products.
Later in 2007 APA Enterprises underwent a restructuring and directed the vision towards the manufacturing of products that would meet the needs of the broadband service providers and also the cost and labor saving needs. In 2008 the company was rebranded as Clearfield Inc.
The company rose to prominence with the cassette product named as Clearview Cassette.
Clearfield Inc: Key People And Governance
The critical people of Clearfiled Inc. are Cheri Beranek the Chief Executive Officer (CEO), Johnny Hill the Chief Operations Officer (COO), Daniel Herzog the Chief Financial Officer (CFO), Kevin Morgan the Chief Marketing Officer, Allen Griser the Chief Commercial Officer, Skip Hansen the Chief Information Officer.
Cheri Bernake serves as the President of the company while Bob Cody acts as the Vice President, Human Resources and the Office of Resource Management.
Clearfield Inc has a Board of Directors led by Ronald Roth as the Chairman of the Board. The other board members are Cheri Beranek, Pat Goepel, Roger Harding, Charles N. Hayssen, Donald R. Hayward, Walter Jones, Jr., and Carol Wirsbinski.
Clearfield Inc has for its agile functioning and governance committees such as Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. Over 200 people are employed by the firm.
Cheri Beranek, the CEO and the President and was one of the founding partners. Johnny Hill the current COO of the company was previously its Vice President of Engineering and Product Management and was also a founding partner of Clearfield Inc. Daniel Herzog, the CFO of the company had severed as its Vice President of Administration and the Officer of Comptroller and Principal Accounting.
Clearfield has an international sales presence. The products are marketed in Canada, the Caribbean Islands, and Mexico. The transfer agent of Clearfield Inc is EQ Shareowner Services and the auditors are Baker Tilly Virchow Krause, LLP.
What Exactly Does Clearfield Do?
Clearfield is the only company in its industry that provides a fiber management and delivery platform which scales to align capital equipment expenditure alongside subscriber revenue through a single architecture.
Clearfield Inc has a platform by the name Fiber To Anywhere that serves the needs of leading ILECS, CLECs, MSO/cable TV companies, and the broadband requirements of the Utility/Municipality, Enterprise, Data Center, and Military markets.
Clearfield Inc maintains the industry leader position by understanding the requirements of the clients, helping service providers to reduce the high costs associated with deploying, managing, protecting, and scaling a fiber optic network. The company has exclusive customer-focused designs in its marketplace.
It is known for possessing simplicity and minimalist standards in the design and also for delivering the lowest total cost of ownership.
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Clearfield Inc: Products
Clearfied Inc. produces and markets a broad spectrum of products such as frames, cassettes, panels, wall boxes, optical components, cabinets, patch cords, pedestals, copper assemblies, fiber assemblies, splice-on connectors, and pushable fiber and microduct.
Clearfield Inc: Financial And Stock Information
Clearfield’s ticker symbol and exchange is NASDAQ: CLFD. The company’s fiscal year-end on 30th September.
As per the Q4, (quarter 4) of the 2022 FY (financial year) Clearfield Inc had reported a net sales of 270.9 million, a gross profit of 112.9 million US Dollars, operating expenses of 49 million US Dollars, and a net income of 49 million US Dollars.
As of the latest information on stock data, the company has a volume of 396.19k, a dollar change of -1.58, and a percent change of -1.89%. The last reported was at 81.80 with an open at 81.88. The previous close was at 83.38 with a high of 83.50 and a low of 81.22.
The bid was at 81.24 with a bid size of 100 while the ask was at 81.97 with an ask size of 100.
The share information was estimated at a year high of 134.90 and a year low of 44.15. The exchange was carried out as NSD. 15.21 m shares out and 1.24b market cap was reported with an EPS of 3.55. The PE Ratio was 23.00 with PB Ratio at 8.433 and the VWAP – 82.26245.
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