Clearfield, Inc. Provides Earnings Guidance for the Full Fiscal Year 2021
April 22, 2021 at 04:00 pm
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Clearfield, Inc. provided earnings guidance for the full fiscal year 2021. For the year, the company provided net sales guidance of $120 million to $125 million, representing 32% year-over-year growth at the midpoint. Net income projected at or above 12% of net sales.
Clearfield, Inc. designs, manufactures and distributes fiber protection, fiber management and fiber delivery solutions to enable fiber-fed deployment throughout the broadband service provider space primarily across North America. It has two segments: the Clearfield Operating (Clearfield) and the Nestor Cables Operating (Nestor). Clearfield segment is focused on providing fiber management, fiber protection and fiber delivery products that accelerate the turn-up of fiber-based networks in residential homes, businesses and network infrastructure on the wireline and wireless access network. It offers a portfolio of fiber products that allow service providers to build fiber networks faster, meet service delivery demands, and align build costs with take rates. Nestor segment manufactures fiber optic and copper telecommunication cables and equipment, which it distributes to telecommunication operators, network owners, electric companies, building contractors and industrial companies.
CLEARFIELD, INC. 
