Is Clearfield, Inc. (CLFD) stock the next gem of its Industry?

Clearfield, Inc. (NASDAQ: CLFD), a developer of solutions for optical fibre networks, has given a solid report for the fourth quarter of the fiscal year 2021. CLFD shares have climbed 161.17% from the beginning of the year, reaching $64.56 in trade on November 8. The company’s market capitalization was $854.77 million.

Clearfield’s net sales surged 66 percent year over year to $140.8 million in the most recent quarter, while net income increased 144 percent to $7.4 million, or $0.53 per share. Revenue climbed by 51% to $140.8 million, and profit was $20.3 million, or $1.47 per share, according to the full fiscal year’s statistics. The order book increased by 522 percent, from $66.4 million to $10.7 million in 2020.


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From fiber-optic splitters and distribution boxes to software for managing fiber-optic networks, Clearfield, Inc. (CLFD) develops and offers equipment for installing fiber-optic networks (FOCL).

Clearfield, Inc. (CLFD) solutions are in more demand, and the firm believes the market is currently in the midst of the investment cycle, which means sales will continue to rise in the coming quarters.

The continuous shift in the United States to link individuals and companies to high-speed fiber-optic networks is driving up demand for fibre. Also required for the construction of 5G mobile communication networks are high-speed optical cables.

Clearfield, Inc. (CLFD) provides hardware and software to the following market segments: home usage, offices, telecom providers, campuses, and so on.

On the plus side, Clearfield has 200 contracts on the books, including big distributors that represent other consumers. A quarter of Clearfield, Inc. (CLFD) clients plan to spend $100,000 or more on the company’s goods and services.

Clearfield, Inc. (CLFD) was forced to expand its manufacturing capacity due to high demand in the previous fiscal year. As a result, throughout the quarter, further investments in a factory in Mexico were made to fulfil the increased demand for the following year.

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