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CLFD moving in the right direction. Maybe my $18 price target is too low considering it surpassed $17 today. The company appears to be in a solid move north. Credit to Beranek for getting Clearfield going on all cylinders!
CLFD great article today
One month, three month and six month charts all coincide with a shift upwards. Still looking for the breakout to $18 after revenues hit $15M.
CLFD still has room to climb. My guess is $18 by earnings release. Backlog will have increased and rev's in line.
I had some CLFD in an IRA account since 2009 and sold most of it on the first run past $12, just sold the remainder this AM above $14.
Looks like it still has room to run but I'm a happy camper on the gains and I'll be looking for another value play.
Thanks to 10 bagger for putting a spotlight on this one way back in the $1.50 days (he was in earlier but that's when I took notice)
spec
Today's closing @12.15 answered your question, i presume. lol.
I am looking for a run into earnings. hope we take out that old high.
CLFD
is 11.50ish the high for this stock?
or is there more to come?
donc
Here is an older SA article, but worth reading again. Hope there is more gas in the tank.
http://seekingalpha.com/article/1375401-clearfield-earnings-the-growth-is-back?source=yahoo
CLFD I knew I should have been buying more on those 52 week lows.
Keep an eye on insider buys. Roth has been very active in past years. Good sign of things to come.
T
Talking to myself. Nice volume today. Keep up this bullish fun. :)
Nice report today. Better than I expected. Nice volume. If they keep this up they will make stock holders money. :)
Looking for good rev growth. Don't know about earnings now that they are paying taxes. Fingers crossed.
T
Clearfield’s Second Quarter of Fiscal 2013 Earnings Report is scheduled to be released on Thursday, April 25th before the market opens. Good Luck anyone. :)
I think if this stock can move over 5.00 this stock will move very fast up. :)
52 week low today haven't had a chance to look at financials.
CLFD.. $4.17.. Earnings do more than disapoint.. There just were not any.. headed for the $2.00's.. hank
<<< $CLFD Links! >>> ~ MAC's Quick DD Links without the charts.
PennyStockTweets ~ http://www.pennystocktweets.com/stocks/profile/CLFD
OTC Markets Company Info ~ http://www.otcmarkets.com/stock/CLFD/company-info
OTC Markets Charts ~ http://www.otcmarkets.com/stock/CLFD/chart
OTC Markets Quote ~ http://www.otcmarkets.com/stock/CLFD/quote
OTC Markets News ~ http://www.otcmarkets.com/stock/CLFD/news
OTC Markets Financials ~ http://www.otcmarkets.com/stock/CLFD/financials
OTC Markets Short Sales ~ http://www.otcmarkets.com/stock/CLFD/short-sales
OTC Markets Insider Disclosure ~ http://www.otcmarkets.com/stock/CLFD/insider-transactions
OTC Markets Research Reports ~ http://www.otcmarkets.com/stock/CLFD/research
Google Finance Summary ~ http://www.google.com/finance?q=CLFD
Google Finance News ~ http://www.google.com/finance/company_news?q=CLFD
Google Finance Option chain ~ http://www.google.com/finance/option_chain?q=CLFD
Google Finance Financials ~ http://www.google.com/finance?q=CLFD&fstype=ii#
Google Finance Historical prices Daily ~ http://www.google.com/finance/historical?q=CLFD
Google Finance Historical prices Weekly ~ http://www.google.com/finance/historical?q=CLFD&histperiod=weekly#
Y! < Company >
Y! Profile ~ http://finance.yahoo.com/q/pr?s=CLFD+Profile
Y! Key Stat's ~ http://finance.yahoo.com/q/ks?s=CLFD+Key+Statistics
Y! Headlines ~ http://finance.yahoo.com/q/h?s=CLFD+Headlines
Y! Summary ~ http://finance.yahoo.com/q?s=CLFD
Y! Historical Prices ~ http://finance.yahoo.com/q/hp?s=CLFD+Historical+Prices
Y! Order Book ~ http://finance.yahoo.com/q/ecn?s=CLFD+Order+Book
Y! Message Boards ~ http://messages.finance.yahoo.com/mb/CLFD
Y! Market Pulse ~ http://finance.yahoo.com/marketpulse/CLFD
Y! Technical Analysis ~ http://finance.yahoo.com/q/ta?s=CLFD+Basic+Tech.+Analysis
Y! < Analyst Coverage >
Y! Analyst Opinion ~ http://finance.yahoo.com/q/ao?s=CLFD+Analyst+Opinion
Y! Analyst Estimates ~ http://finance.yahoo.com/q/ae?s=CLFD+Analyst+Estimates
Y! Research Reports ~ http://finance.yahoo.com/q/rr?s=CLFD+Research+Reports
Y! Star Analysts ~ http://finance.yahoo.com/q/sa?s=CLFD+Star+Analysts
Y! < Ownership >
Y! Major Holders ~ http://finance.yahoo.com/q/mh?s=CLFD+Major+Holders
Y! Insider Transactions ~ http://finance.yahoo.com/q/it?s=CLFD+Insider+Transactions
Y! Insider Roster ~ http://finance.yahoo.com/q/ir?s=CLFD+Insider+Roster
Y! < Financials >
Y! Income Statement ~ http://finance.yahoo.com/q/is?s=CLFD+Income+Statement&annual
Y! Balance Sheet ~ http://finance.yahoo.com/q/bs?s=CLFD+Balance+Sheet&annual
Y! Cash Flow ~ http://finance.yahoo.com/q/cf?s=CLFD+Cash+Flow&annual
FINVIZ ~ http://finviz.com/quote.ashx?t=CLFD&ty=c&ta=0&p=d
Investorshub Trades ~ http://ih.advfn.com/p.php?pid=trades&symbol=CLFD
Investorshub Board Search ~ http://investorshub.advfn.com/boards/getboards.aspx?searchstr=CLFD
Investorshub PostStream ~ http://investorshub.advfn.com/boards/poststream.aspx?ticker=CLFD
Investorshub Messages ~ http://investorshub.advfn.com/boards/msgsearch.aspx?SearchStr=CLFD
Investorshub Videos ~ http://ih.advfn.com/p.php?pid=ihvse&ihvqu=CLFD
Investorshub News ~ http://ih.advfn.com/p.php?pid=news&btn=s_ok&ctl00%24sb3%24tbq1=Get+Quote&as_values_IH=&ctl00%24sb3%24stb1=Search+iHub&symbol=CLFD&s_ok=OK&from_month=3&from_day=15&from_year=2012&order=desc&selsrc%5B%5D=prnca&selsrc%5B%5D=prnus&selsrc%5B%5D=zacks&selsrc%5B%5D=money2&selsrc%5B%5D=djn&selsrc%5B%5D=bw&selsrc%5B%5D=globe&selsrc%5B%5D=edgar&selsrc%5B%5D=mwus&force=1&last_ts=1331855999&p_n=1&p_count=&p_ts=1331794260
CandlestickChart ~ http://www.candlestickchart.com/cgi/chart.cgi?symbol=CLFD&exchange=US
Barchart Quote ~ http://barchart.com/quotes/stocks/CLFD?
Barchart Detailed Quote ~ http://barchart.com/detailedquote/stocks/CLFD
Barchart Options Quotes ~ http://barchart.com/options/stocks/CLFD
Barchart Technical Chart ~ http://barchart.com/charts/stocks/CLFD&style=technical
Barchart Interactive Chart ~ http://barchart.com/charts/stocks/CLFD&style=interactive
Barchart Technical Analysis ~ http://barchart.com/technicals/stocks/CLFD
Barchart Trader's Cheat Sheet ~ http://barchart.com/cheatsheet.php?sym=CLFD
Barchart Barchart Opinion ~ http://barchart.com/opinions/stocks/CLFD
Barchart Snapshot Opinion ~ http://barchart.com/snapopinion/stocks/CLFD
Barchart News Headlines ~ http://barchart.com/news/stocks/CLFD
Barchart Profile ~ http://barchart.com/profile//CLFD
Barchart Key Statistics ~ http://barchart.com/profile.php?sym=CLFD&view=key_statistics
OTC: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=CLFD&MarketTicker=OTC&TYP=S
NASDAQ: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=CLFD&MarketTicker=NASD&TYP=S
NYSE: American Bulls ~ http://www.americanbulls.com/StockPage.asp?CompanyTicker=CLFD&MarketTicker=NYSE&Typ=S
Marketwatch Profile ~ http://www.marketwatch.com/investing/stock/CLFD/profile
Marketwatch Analyst Estimates ~ http://www.marketwatch.com/investing/stock/CLFD/analystestimates
Marketwatch Historical Quotes ~ http://www.marketwatch.com/investing/stock/CLFD/historical
Marketwatch Financials ~ http://www.marketwatch.com/investing/stock/CLFD/financials
Marketwatch Overview ~ http://www.marketwatch.com/investing/stock/CLFD
Marketwatch SEC Filings ~ http://www.marketwatch.com/investing/stock/CLFD/secfilings
Marketwatch Picks ~ http://www.marketwatch.com/investing/stock/CLFD/picks
Marketwatch Hulbert ~ http://www.marketwatch.com/investing/stock/CLFD/hulbert
Marketwatch Insider Actions ~ http://www.marketwatch.com/investing/stock/CLFD/insideractions
Marketwatch Options ~ http://www.marketwatch.com/investing/stock/CLFD/options
Marketwatch Charts ~ http://www.marketwatch.com/investing/stock/CLFD/charts
Marketwatch News ~ http://bigcharts.marketwatch.com/news/symbolsearch/symbolnews.asp?news=markadv&symb=CLFD&sid=1795093&framed=False
The Lion ~ http://thelion.com/bin/aio_msg.cgi?cmd=search&msg=&si=1&tw=1&tt=1&rb=1&ih=1&fo=1&iv=1&yf=1&sa=1&fb=1&gg=1&symbol=CLFD
Search NYSE ~ http://www.nyse.com/about/listed/lcddata.html?ticker=CLFD
StockTA ~ http://www.stockta.com/cgi-bin/analysis.pl?symb=CLFD&num1=567&cobrand=&mode=stock
StockHouse ~ http://www.stockhouse.com/financialtools/sn_overview.aspx?qm_symbol=CLFD
StockHouse Delayed LII ~ http://www.stockhouse.com/financialtools/sn_level2.aspx?qm_page=46140&qm_symbol=CLFD
AlphaTrade ~ http://tools.alphatrade.com/index.php?t1=mc_quote_module&t2=mc_quote_module2&t3=historical&template=historical2html&sym=CLFD&client_id=2740&a_width=680&a_height=1000&language=english&showVol=1&chtype=8
Reuters ~ http://www.reuters.com/finance/stocks/companyOfficers?symbol=CLFD.PK&WTmodLOC=C4-Officers-5
StockWatch ~ http://www.stockwatch.com/Quote/Detail.aspx?symbol=CLFD®ion=U
Search NASDAQ ~ http://www.nasdaq.com/symbol/CLFD
NASDAQ Divy History ~ http://www.nasdaq.com/symbol/CLFD/dividend-history
NASDAQ Short Interest ~ http://www.nasdaq.com/symbol/CLFD/short-interest
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/CLFD/institutional-holdings
NASDAQ FlashQuotes ~ http://www.nasdaq.com/aspx/flashquotes.aspx?symbol=CLFD&selected=CLFD
NASDAQ InfoQuotes ~ http://www.nasdaq.com/aspx/infoquotes.aspx?symbol=CLFD&selected=CLFD
NASDAQ After Hours Quote ~ http://www.nasdaq.com/symbol/CLFD/after-hours
NASDAQ Pre-Market Quote ~ http://www.nasdaq.com/symbol/CLFD/premarket
NASDAQ Historical Quote ~ http://www.nasdaq.com/symbol/CLFD/historical
NASDAQ Option Chain ~ http://www.nasdaq.com/symbol/CLFD/option-chain
NASDAQ Company Headlines ~ http://www.nasdaq.com/symbol/CLFD/news-headlines
NASDAQ Press Releases ~ http://www.nasdaq.com/symbol/CLFD/news-headlines
NASDAQ Sentiment ~ http://www.nasdaq.com/symbol/CLFD/sentiment
NASDAQ Analyst Summary ~ http://www.nasdaq.com/symbol/CLFD/analyst-research
NASDAQ Guru Analysis~ http://www.nasdaq.com/symbol/CLFD/guru-analysis
NASDAQ Stock Report ~ http://www.nasdaq.com/symbol/CLFD/stock-report
NASDAQ Competitors ~ http://www.nasdaq.com/symbol/CLFD/competitors
NASDAQ Stock Consultant ~ http://www.nasdaq.com/symbol/CLFD/stock-consultant
NASDAQ Stock Comparison ~ http://www.nasdaq.com/symbol/CLFD/stock-comparison
NASDAQ Call Transcripts ~ http://www.nasdaq.com/symbol/CLFD/call-transcripts
NASDAQ Annual Reports ~ http://www.nasdaq.com/aspx/annualreport.aspx?symbol=CLFD&selected=CLFD
NASDAQ Financials ~ http://www.nasdaq.com/symbol/CLFD/financials
NASDAQ Revenue & Earnings Per Share (EPS) ~ http://www.nasdaq.com/symbol/CLFD/revenue-eps
NASDAQ SEC Filings ~ http://www.nasdaq.com/symbol/CLFD/sec-filings
NASDAQ Ownership Summary ~ http://www.nasdaq.com/symbol/CLFD/ownership-summary
NASDAQ Institutional Ownership ~ http://www.nasdaq.com/symbol/CLFD/institutional-holdings
NASDAQ (SEC Form 4) ~
--------- All Trades ~ http://www.nasdaq.com/symbol/CLFD/insider-trades
--------- Buys ~ http://www.nasdaq.com/symbol/CLFD/insider-trades/buys
--------- Sells ~ http://www.nasdaq.com/symbol/CLFD/insider-trades/sells
The Motley Fool ~ http://caps.fool.com/Ticker/CLFD.aspx
The Motley Fool Earnings/Growth ~ http://caps.fool.com/Ticker/CLFD/EarningsGrowthRates.aspx?source=itxsittst0000001
The Motley Fool Ratios ~ http://caps.fool.com/Ticker/CLFD/Ratios.aspx?source=itxsittst0000001
The Motley Fool Stats ~ http://caps.fool.com/Ticker/CLFD/Stats.aspx?source=icasittab0000006
The Motley Fool Historical ~ http://caps.fool.com/Ticker/CLFD/Historical.aspx?source=icasittab0000004
The Motley Fool Scorecard ~ http://caps.fool.com/Ticker/CLFD/Scorecard.aspx?source=icasittab0000003
The Motley Fool Statements ~ http://caps.fool.com/Ticker/CLFD/Statements.aspx?source=icasittab0000009
MSN Money ~ http://investing.money.msn.com/investments/stock-ratings?symbol=CLFD
YCharts ~ http://ycharts.com/companies/CLFD
YCharts Performance ~ http://ycharts.com/companies/CLFD/performance
YCharts Dashboard ~ http://ycharts.com/companies/CLFD/dashboard
InsideStocks Opinion ~ http://www.insidestocks.com/texpert.asp?sym=CLFD&code=XDAILY
InsideStocks Profile ~ http://www.insidestocks.com/profile.asp?sym=CLFD&code=XDAILY
InsideStocks Quote ~ http://www.insidestocks.com/quote.asp?sym=CLFD&code=XDAILY
InsideStocks Projection ~ http://charts3.barchart.com/procal.asp?sym=CLFD
Zacks Quote ~ http://www.zacks.com/stock/quote/CLFD
Zacks Estimates ~ http://www.zacks.com/research/report.php?type=estimates&t=CLFD
Zacks Company Reports ~ http://www.zacks.com/research/report.php?type=report&t=CLFD
Knobias ~ http://knobias.10kwizard.com/files.php?sym=CLFD
StockScores ~ http://www.stockscores.com/quickreport.asp?ticker=CLFD
Trade-Ideas ~ http://www.trade-ideas.com/StockInfo/CLFD/HOT_TOPIC.html
Morningstar ~ http://performance.morningstar.com/stock/performance-return.action?region=USA&t=CLFD&culture=en-US
Morningstar Shareholders ~ http://investors.morningstar.com/ownership/shareholders-overview.html?t=CLFD®ion=USA&culture=en-us
Morningstar Transcripts~ http://www.morningstar.com/earnings/NoTranscript.aspx?t=CLFD®ion=USA
Morningstar Key Ratios ~ http://financials.morningstar.com/ratios/r.html?t=CLFD®ion=USA&culture=en-US
Morningstar Executive Compensation ~ http://insiders.morningstar.com/trading/executive-compensation.action?t=CLFD®ion=USA&culture=en-us
Morningstar Valuation ~ http://financials.morningstar.com/valuation/price-ratio.html?t=CLFD®ion=USA&culture=en-us
CCBN (Thompson Reuters) ~ http://ccbn.aol.com/company.asp?client=aol&ticker=CLFD
TradingMarkets ~ http://pr.tradingmarkets.com/?lid=leftPRbox&sym=CLFD
OTCBB ~ http://www.otcbb.com/asp/SiteSearch.asp?Criteria=CLFD&searcharea=e&image1.x=0&image1.y=0
Insidercow ~ http://www.insidercow.com/history/company.jsp?company=CLFD&B1=Search%21
Forbes News ~ http://search.forbes.com/search/find?tab=searchtabgeneraldark&MT=CLFD
Forbes Press Releases ~ http://search.forbes.com/search/find?&start=1&tab=searchtabgeneraldark&MT=CLFD&pub=businesswire,prnewswire&searchResults=pressRelease&tag=pr&premium=on
Forbes Web ~ http://search.forbes.com/search/web?MT=UNGS&start=1&max=10&searchResults=web&tag=web&sort=null
YouTube Symbol Search ~ http://www.youtube.com/results?search_query=CLFD
Buy-Ins ~ http://www.buyins.net/tools/symbol_stats.php?sym=CLFD
Quotemedia ~ http://www.quotemedia.com/results.php?qm_page=47556&qm_symbol=CLFD
Earnings Whispers ~ http://www.earningswhispers.com/stocks.asp?symbol=CLFD
Bloomberg Snapshot ~ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CLFD
Bloomberg People ~ http://investing.businessweek.com/research/stocks/people/people.asp?ticker=CLFD
Financial Times ~ http://markets.ft.com/Research/Markets/Tearsheets/Summary?s=CLFD
Investorpoint ~ http://www.investorpoint.com/ enter "CLFD" and click search.
Hotstocked ~ http://www.hotstocked.com/ enter "CLFD" and click search.
Raging Bull ~ http://ragingbull.quote.com/mboard/boards.cgi?board=CLFD
Hoovers ~ http://www.hoovers.com/search/company-search-results/100003765-1.html?type=company&term=CLFD
DD Machine ~ http://www.ddmachine.com/default.asp?m=stocktool_frame.asp?symbol=CLFD
SEC Form 4 ~ http://www.secform4.com/insider/showhistory.php?cik=CLFD
OTCBB Pulse ~ http://www.otcbbpulse.com/cgi-bin/pulsequote.cgi?symbol=CLFD
Failures To Deliver ~ http://failurestodeliver.com/default2.aspx enter "CLFD" and click search.
http://www.coordinatedlegal.com/SecretaryOfState.html
http://regsho.finra.org/regsho-Index.html
http://www.shortsqueeze.com/?symbol=CLFD&submit=Short+Quote%99
DTCC (PENSON/TDA) Check - (otc and pinks) - Note ~ I did not check for this chart blast. However, I try and help you to do so with the following links.
IHUB DTCC BOARD SEARCH #1 http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=CLFD
IHUB DTCC BOARD SEARCH #2: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=14482&srchyr=2011&SearchStr=CLFD
Check those searches for recent CLFD mentions. If CLFD is showing up on older posts and not on new posts found in link below, The DTCC issues may have been addressed and fixed. Always call the broker if your security turns up on any DTCC/PENSON list.
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18682&srchyr=2011&SearchStr=Complete+list
For a complete list see the pinned threads at the top here ---> http://tinyurl.com/TWO-OLD-FARTS
MACDlinks
~ Thursday! $CLFD ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $CLFD ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=CLFD&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=CLFD&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=CLFD
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=CLFD#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=CLFD+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=CLFD
Finviz: http://finviz.com/quote.ashx?t=CLFD
~ BusyStock: http://busystock.com/i.php?s=CLFD&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=CLFD >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
CLFD.. $5.00
The markets seem disturbed about the decrease in backlogs.. I hope it trades back into the $2.00's so I can load up the boat again.. hank
Hmmm even went down a hair lower, markets haven't helped much everyone getting hammered....well this look like a good place to start buying again...maybe we will see high 3's and 4's
Going back to text that bottom @ $5.15 range, waiting with ammo
Theres a $45k slap
Clearfield, Inc. Reports Fiscal 2012 1st Quarter Results
Clearfield Continues Growth in Revenue and Net Income
yes I was and have it in #20.. hank
$16 - Earnings reaction is pretty strong. Are you surprised the reaction is this bad?
$6.85 Clearfield, Inc. Reports Fiscal 2012 1st Quarter Results
Clearfield Continues Growth in Revenue and Net Income
Revenues: $9,165,000, up 26% from fiscal year 2011
Gross Profit: $3,794,000, up 28% from fiscal year 2011
Net Income: $1,000,000, up 99% from fiscal year 2011
Net Income per Share: $0.08 cents per diluted share
Balance Sheet December 31, 2011 Remains strong with $16,567,000 in cash and investments and no debt.
MINNEAPOLIS, Jan. 26, 2012 (GLOBE NEWSWIRE) -- Clearfield, Inc. (Nasdaq:CLFD), the specialist in fiber management and connectivity platforms for communications providers, today announced results for its first quarter of fiscal year 2012, which ended December 31, 2011.
Revenue for the first quarter 2012 was $9,165,000 in comparison to $7,247,000 for the first quarter 2011, an increase of 26%. Gross profit was $3,794,000 for the first quarter of 2012, in comparison to $2,966,000 for the first quarter of 2011, an increase of approximately 28%. Gross margin for the first quarter 2012 was 41.4%, up from 40.9% in first quarter 2011. Operating expenses were $2,773,000 for the first quarter 2012, an increase of 13% from the first quarter of 2011. Operating income was $1,021,000, up $515,000, or 102%, from $507,000 recorded in the first quarter of 2011. Net income was $1,000,000 for the first quarter 2012, compared to net income of $501,000 in the first quarter 2011.
Orders in Backlog and Select Balance Sheet Highlights
Orders in backlog as of December 31, 2011 totaled $1,698,000 in comparison to $2,388,000 as of December 31, 2010, a decrease of $690,000, or 29%. Cash and investments at December 31, 2011 totaled $16,567,000 compared to $15,837,000 for the quarter ending September 30, 2011, an increase of $730,000. The Company has no long-term debt.
Commentary- Cheryl Beranek, President & CEO of Clearfield
"Our revenue gains continue to be a positive indicator of the acceptance of our product line within our target markets," comments Cheryl Beranek, president and CEO of Clearfield. "We typically see some seasonal weakness in our winter quarters due to customer budget cycles and winter-build challenges, but our continued growth over the same period last year is within our targets for the quarter. We continue to increase our investment in sales, marketing and product development initiatives while enhancing our net income position."
"While low in relationship to historical figures, our backlog numbers are consistent with our expectations. The long-lead times and limited availability of fiber has resulted in some customers shying away from the placement of blanket or project orders with any supplier outside of their long-haul fiber vendors," Beranek continues.
"Stimulus-based activity continues to contribute revenue on a small scale with projects targeted for a ramp-up in the summer-build season. In addition to our FTTp market development projects, our work associated with the development of business class services in the cable-television markets as well as providing cell-backhaul connectivity for the community servicing the wireless broadband providers, is continuing to take root.
"Over the past months, we have been able to bring a number of new products to market. I am especially pleased that Clearfield has been able to extend our product lines as well as develop new markets while enhancing our year-over-year gross profit position. Moving forward, we are continuing to invest in new product technologies that will be introduced in the months and quarters ahead."
About Clearfield, Inc
Clearfield, Inc. (Nasdaq:CLFD) designs, manufactures and distributes fiber optic management products for the communications networks of leading ILECS, CLECs, MSO/cable TV companies and mobile broadband providers. We help service providers solve the Fiber Puzzle, which is how to reduce high costs associated with deploying, managing, protecting and scaling a fiber optic network to deliver the mobile, residential and business services customers want. Based on the patented Clearview™ Cassette, our unique single-architected, modular fiber management platform is designed to lower the cost of broadband deployment and maintenance by consolidating, protecting and distributing incoming and outgoing fiber circuits and enable our customers to scale their operations as their subscriber revenues increase. Headquartered in Plymouth, MN, Clearfield deploys more than a million fiber ports each year.
Forward-Looking Statements
Forward-looking statements contained herein are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. These statements are based upon the Company's current expectations and judgments about future developments in the Company's business. Certain important factors could have a material impact on the Company's performance, including, without limitation the effect of the significant downturn in the U.S. economy on Clearfield's customers; the impact of the American Recovery and Reinvestment Act or any other legislation on customer demand and purchasing patterns; cyclical selling cycles; need to introduce new products and effectively compete against competitive products; dependence on third-party manufacturers and the availability of raw materials, particularly fiber; reliance on key customers; rapid changes in technology; the negative effect of product defects; the need to protect its intellectual property; the impact on its financial results or stock price of its ability to use its deferred tax asset, consisting primarily of net operating loss carryforwards, to offset future taxable income; the valuation of its goodwill and the effect of its stock price, among other factors, on the evaluation of goodwill; and other factors set forth in Clearfield's Annual Report on Form 10-K for the year ended September 30, 2011 as well as other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements to reflect actual events.
CLEARFIELD, INC.
CONDENSED STATEMENTS OF OPERATIONS
UNAUDITED
Three Months Ended
December 31
2011 2010
Revenues $ 9,165,201 $ 7,246,669
Cost of sales 5,370,919 4,280,716
Gross profit 3,794,282 2,965,953
Operating expenses
Selling, general and administrative 2,773,114 2,459,319
Income from operations 1,021,168 506,634
Other income
Interest income 27,182 29,508
Other income -- 500
27,182 30,008
Income before income taxes 1,048,350 536,642
Income tax expense 48,751 35,484
Net income $ 999,599 $ 501,158
Net income per share:
Basic $0.08 $0.04
Diluted $0.08 $0.04
Weighted average shares outstanding:
Basic 12,299,554 12,019,289
Diluted 12,726,293 12,629,943
CLEARFIELD, INC.
CONDENSED BALANCE SHEETS
UNAUDITED
December 31, 2011 September 30, 2011
Assets
Current Assets
Cash and cash equivalents $ 7,375,003 $ 11,281,027
Short-term investments 3,878,000 1,849,000
Accounts receivable, net 2,026,758 3,228,864
Inventories 2,528,067 2,757,151
Other current assets 1,222,551 1,164,243
Total current assets 17,030,379 20,280,285
Property, plant and equipment, net 930,690 986,031
Other Assets
Long-term investments 5,314,000 2,707,000
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 3,537,692 3,558,797
Other 199,467 199,467
Total other assets 11,621,670 9,035,775
Total Assets $ 29,582,739 $ 30,302,091
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable 969,756 1,439,611
Accrued compensation 1,035,146 2,465,132
Accrued expenses 72,726 106,383
Total current liabilities 2,077,628 4,011,126
Commitment and contingencies -- --
Deferred rent 56,202 61,794
Total Liabilities 2,133,830 4,072,920
Shareholders' Equity
Common stock 123,262 122,707
Additional paid-in capital 53,621,722 53,402,138
Accumulated deficit (26,296,075) (27,295,674)
Total Shareholders' Equity 27,448,909 26,229,171
Total Liabilities and Shareholders' Equity 29,582,739 30,302,091
CONTACT: Clearfield, Inc. Contact Information:
Cheryl P. Beranek
Chief Executive Officer and President
Investor-relations@clfd.net
763-476-6866
Source: Clearfield, Inc.
2012 GlobeNewswire, Inc.
CLFD..$6.23.. West Kentucky and Tennessee Telecommunications Cooperative (WK&T) Deploys Clearfield for Its FTTH Project
MINNEAPOLIS, Nov. 21, 2011 (GLOBE NEWSWIRE) -- Clearfield, Inc. (Nasdaq:CLFD), the specialist in fiber management and connectivity platforms for communications providers, today announced that West Kentucky and Tennessee Telecommunications Cooperative (WK&T) is deploying its FieldSmart platform for fiber management and protection needs in the central office of its extensive Fiber to the Home build. The funds for WK&T's $123.8 million investment in fiber come from loans plus grant money awarded through the Broadband Initiatives Program of the American Recovery and Reinvestment Act. WK&T is the largest stimulus-funded project in the country focused on wireline services. This will allow WK&T to offer advanced telecommunications services over fiber to 21,000 homes and businesses across the company's 9-county service area in west Kentucky and northwest Tennessee. Construction has begun on three of the 22 exchanges within the serving area with completion scheduled within the next three years.
"We conducted a thorough and stringent process of selecting partners for the stimulus award at west Kentucky. Clearfield's dedication to superior functionality and technology at a fair price were the prime factors in our selection," commented Ray Cantrell, CTO of WK&T. "Not only do the panel systems allow us the flexibility to deploy in multiple environments, but the cassettes offer many different features that we feel are an added value."
"We have had the pleasure of working with the staff at WK&T for a number of years," said Johnny Hill, vice president and COO of Clearfield. "Their dedication to excellence is apparent in everything they do and this network, when complete, will be a stellar example of what broadband can provide to rural economies across our country."
Cantrell concluded, "I would be remiss if I didn't mention support. Clearfield leads the industry in their consultative approach to problem solving."
About Clearfield, Inc.
Clearfield, Inc. (Nasdaq:CLFD) designs, manufactures and distributes fiber optic management products for the communications networks of leading ILECS, CLECs, MSO/cable TV companies and mobile broadband providers. We help service providers solve the Fiber Puzzle, which is how to reduce high costs associated with deploying, managing, protecting and scaling a fiber optic network to deliver the mobile, residential and business services customers want. Based on the patented Clearview™ Cassette, our unique single-architected, modular fiber management platform is designed to lower the cost of broadband deployment and maintenance by consolidating, protecting and distributing incoming and outgoing fiber circuits and enable our customers to scale their operations as their subscriber revenues increase. Headquartered in Plymouth, MN, Clearfield deploys millions of fiber ports each year throughout North America.
CONTACT: Christy Kemp
Calysto Communications
404-266-2060, ext. 539
404-266-2041 eFax
ckemp@calysto.com
Source: Clearfield, Inc.
I'm a MN resident had this article in the paper yesterday.....
http://www.menafn.com/qn_news_story.asp?storyid=%7Bc9582fbd-011b-4c8d-a9ba-eb42850d294d%7D
Just bought a few shares for the fun of it this morning....
*touches wood once more* I have had incredible timing luck on this one for sure .. but this is definately an 8 - 11 dollar stock IMO, with this latest report.
GLTA
CLFD..$5.46.. WOW.. Clearfield, Inc. Reports Fiscal Year 2011 Year-end and 4th Quarter Results ....
Today : Thursday 10 November 2011
FY 2011 Revenues: $35,193,000, up 44% from fiscal year 2010
FY 2011 Gross Profit: $14,658,000, up 60% from fiscal year 2010
FY 2011 Operating Income: $3,716,000, up 231% from fiscal year 2010
FY 2011 Net Income: $6,167,000, up 422% from fiscal year 2010
FY 2011 Net Income per Share: 48 cents per diluted share
Clearfield, Inc. (Nasdaq:CLFD), the specialist in fiber management and connectivity platforms for communications providers, today announced results for its fiscal year and fourth quarter ended September 30, 2011.
Year -End Performance
Revenue for fiscal year 2011 was $35,193,000 in comparison to $24,367,000 for fiscal year 2010, an increase of 44%. Gross profit was $14,658,000 for fiscal year 2011, in comparison to $9,138,000 for fiscal year 2010, an increase of 60%. Gross margin for fiscal year 2011 was 41.7%, up from 37.5% in fiscal year 2010. Operating expenses were $10,942,000 for fiscal year 2011, an increase of 36% from fiscal year 2010. Operating income was $3,716,000 up 231% from fiscal year 2010 in which $1,123,000 was recorded. Net income was $6,167,000 for fiscal year 2011, compared to $1,181,000 in fiscal year 2010. The reversal of a portion of the valuation allowance associated with the Company's deferred tax assets, consisting primarily of net operating loss carry forwards, added approximately $2,482,000 in non-cash income tax benefit to net income for the fiscal year 2011.
4th Quarter Performance
Revenue for the fourth quarter of fiscal year 2011 was $10,702,000 in comparison to $7,921,000 for the fourth quarter of fiscal year 2010, an increase of 35%. Gross profit was $4,480,000 for the fourth quarter of fiscal year 2011 in comparison to $3,099,000 for the fourth quarter of fiscal year 2010, an increase of 44%. Gross margin for the fourth quarter of fiscal year 2011 was 41.9%, up from 39.2% in the fourth quarter of fiscal year 2010. Operating expenses were $3,082,000 for the fourth quarter of fiscal year 2011, an increase of 36% from $2,267,000 in the fourth quarter of fiscal year 2010. Operating income increased $565,000, or 68%, to $1,397,000 for the fourth quarter of fiscal year 2011, compared to $832,000 for the fourth quarter of fiscal year 2010.
Reversal of Deferred Tax Valuation Allowance
During fiscal year 2011, Clearfield reversed a portion of its valuation allowance of its deferred tax assets related to future periods in the amount of $2,482,000, which contributed 19 cents per diluted share. The reduction in the valuation allowance resulted in the recognition of a non-cash income tax benefit that was $2,432,000 in the fourth quarter of 2011. The reversal of the valuation allowance followed an evaluation of our historical net operating losses and our more recent history of consecutive quarters of profitability. The amount of the valuation allowance reversal was based on management's estimates of taxable income by jurisdiction.
Orders in Backlog/ Select Balance Sheet Highlights
Orders in backlog as of September 30, 2011 totaled $3,814,000, an increase of 42% or $1,137,000 over the backlog for the year ending September 30, 2010. Cash and investments at September 30, 2011 totaled $15,837,000 compared to $10,287,000 for the year ending September 30, 2010, an increase of $5,550,000.
Commentary- Cheryl Beranek, President & CEO of Clearfield
"Fiscal year 2011 has been a break-out year for Clearfield. Although the industry was plagued with macro-economic challenges, the Company aggressively grew revenues and converted an increasing amount into net income for the shareholders. Key to this success has been our mobile marketing initiatives in which we bring our product line directly to our customer sites. While we are in a technology business, maintaining a direct conduit to the engineering resources at our customer sites has been instrumental in delivering problem-solving technologies. In addition, the expansion of our sales channels with national distribution partners has extended our reach to an even wider audience for our fiber management and connectivity solutions.
Increases in revenues were experienced throughout our fiber product line. The Company has continued to introduce new product offerings that are being accepted by a wide range of customer market segments. Our increase in gross margin percentage was the result of enhancements in these higher margin product offerings, continual improvements in the manufacturing process, as well as scalability of our manufacturing processes.
As we reported last quarter, the American Recovery and Reinvestment Act's stimulus program for broadband funding is a strategic element of our business planning process. However, it is just one aspect of our market development programming. We have announced a number of stimulus award winners who are choosing Clearfield for their deployment projects. While revenues from this program were slow to materialize during this fiscal year, we anticipate that these projects will continue throughout fiscal year 2012 and into 2013.
While the availability of fiber has also impacted our industry, we have proactively worked with our supply partners and have taken the inventory positions necessary to enhance the availability of raw materials for our own manufacturing needs. Our customers have told us that our rapid turn-around-time and industry-leading lead-time is an effective tool for them in staging their deployment schedules.
Our controlled SG&A investments are part of Clearfield's long-term growth initiatives within our traditional telco client base as well as expanding our market presence into broadband service providers in the cable television, municipal utility, enterprise and wireless markets. Finally, the Company continues to invest in productivity tools on our manufacturing floor to enhance our ability to scale our production processes.
Our record year has resulted in an even stronger balance sheet. We are pleased with the strength of our cash and investment position as well as our current inventory levels. We believe this position provides the flexibility to respond to current and future customer demand along with the capability to continue to invest in operations and equipment to maintain a competitive position."
About Clearfield, Inc
Clearfield, Inc. (Nasdaq:CLFD) designs, manufactures and distributes fiber optic management products for the communications networks of leading ILECS, CLECs, MSO/cable TV companies and mobile broadband providers. We help service providers solve the Fiber Puzzle, which is how to reduce high costs associated with deploying, managing, protecting and scaling a fiber optic network to deliver the mobile, residential and business services customers want. Based on the patented Clearview™ Cassette, our unique single-architected, modular fiber management platform is designed to lower the cost of broadband deployment and maintenance by consolidating, protecting and distributing incoming and outgoing fiber circuits and enable our customers to scale their operations as their subscriber revenues increase. Headquartered in Plymouth, MN, Clearfield deploys millions of fiber ports each year throughout North America.
Forward-Looking Statements
Forward-looking statements contained herein are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. These statements are based upon the Company's current expectations and judgments about future developments in the Company's business. Certain important factors could have a material impact on the Company's performance, including, without limitation the effect of the significant downturn in the U.S. economy on Clearfield's customers; the impact of the American Recovery and Reinvestment Act or any other legislation on customer demand and purchasing patterns; cyclical selling cycles; need to introduce new products and effectively compete against competitive products; dependence on third-party manufacturers and the availability of raw materials; limited experience in manufacturing; reliance on key customers; rapid changes in technology; the negative effect of product defects; the need to protect its intellectual property; the impact on its financial results or stock price of its ability to use its deferred tax asset, consisting primarily of net operating loss carryforwards, to offset future taxable income; the valuation of its goodwill and the effect of its stock price, among other factors, on the evaluation of goodwill; and other factors set forth in Clearfield's Annual Report on Form 10-K for the year ended September 30, 2010 as well as other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements to reflect actual events.
CLEARFIELD, INC.
CONDENSED STATEMENTS OF OPERATIONS
UNAUDITED
Three Months Ended Fiscal year Ended
September 30 September 30
2011 2010 2011 2010
Revenues $10,701,634 $7,921,129 $35,192,532 $24,366,755
Cost of sales 6,221,719 4,821,875 20,534,174 15,229,222
Gross profit 4,479,915 3,099,254 14,658,358 9,137,533
Operating expenses
Selling, general and administrative 3,082,316 2,267,208 10,986,322 8,014,121
Gain on disposal of assets 179 -- (44,173) --
3,082,495 2,267,208 10,942,149 8,014,121
Income from operations 1,397,420 832,046 3,716,209 1,123,412
Other income (expense)
Interest income 26,530 31,344 109,595 143,469
Interest expense -- -- -- (820)
Other income -- 501 25,500 36,351
26,530 31,845 135,095 179,000
Income before income taxes 1,423,950 863,891 3,851,304 1,302,412
Income tax expense (benefit) (2,432,021) 43,899 (2,316,142) 121,458
Net income $3,855,971 $819,992 $6,167,446 $1,180,954
Net income per share:
Basic $0.32 $0.07 $0.51 $0.10
Diluted $0.30 $0.07 $0.48 $0.09
Weighted average shares outstanding:
Basic 12,181,093 12,006,266 12,085,491 11,992,449
Diluted 12,787,085 12,419,132 12,749,933 12,449,955
CLEARFIELD, INC.
CONDENSED BALANCE SHEETS
UNAUDITED
September 30, 2011
September 30, 2010
Assets
Current Assets
Cash and cash equivalents $11,281,027 $5,285,719
Short-term investments 1,849,000 1,764,868
Accounts receivable, net 3,228,864 3,244,379
Inventories 2,757,151 1,512,306
Other current assets 1,164,243 129,079
Total current assets 20,280,285 11,936,354
Property, plant and equipment, net 986,031 1,273,107
Other Assets
Long-term investments 2,707,000 3,236,163
Goodwill 2,570,511 2,570,511
Deferred taxes –long term 3,558,797 2,145,362
Other 199,467 199,467
Total other assets 9,035,775 8,151,503
Total Assets $30,302,091 $21,360,961
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable 1,439,611 1,188,261
Accrued compensation 2,465,132 765,181
Accrued expenses 106,383 82,867
Total current liabilities 4,011,126 2,036,309
Commitment and contingencies -- --
Deferred rent 61,794 78,585
Total Liabilities 4,072,920 2,114,894
Shareholders' Equity
Common stock 122,707 120,153
Additional paid-in capital 53,402,138 52,589,034
Accumulated deficit (27,295,674) (33,463,120)
Total Shareholders' Equity 26,229,171 19,246,067
Total Liabilities and Shareholders' Equity $30,302,091 $21,360,961
CONTACT: Clearfield, Inc. Contact Information:
Cheryl P. Beranek
Chief Executive Officer and President
Investor-relations@clfd.net
763-476-6866
Wow, look at the range bound price since Oct 3.. I'm waiting for the Italy/Greece effect before I decide to get in here again. Not that the company isn't solid, just that the market is such a human thing ..
CLFD.. $5.22..
North Carolina's Surry Telephone Membership Corporation Selects Clearfield for Its FTTH Project
"This project, which is financed outside of government programs associated with the American Recovery Act or the RUS program, is a wonderful example of the many fiber-rich broadband projects currently being undertaken by proactive telephone companies across the country."
MINNEAPOLIS, Oct. 25, 2011 (GLOBE NEWSWIRE) -- Clearfield, Inc. (Nasdaq:CLFD) today announced that Surry Telephone Membership Corporation is deploying the entire FieldSmart platform for fiber management and protection needs in an extensive Fiber to the Home build. As a North Carolina-based member-owned cooperative, Surry selected Clearfield for the project that will bring enhanced broadband services to its membership base as well as allow it to expand services into a CLEC serving area.
Surry's Chief Engineer Richie Parker said, "We selected Clearfield because it offered a fiber management platform that scaled from one end of the network to the other. At every consolidation and distribution point in the network, fiber is protected within the Clearview Cassette."
Surry is using an active electronics deployment model in its ILEC serving area and a GPON architecture for its CLEC operations. "Because we recognize that our take-rates will be different in our ILEC markets than in our CLEC operations, we needed a fiber management solution that allowed us to pace our capital equipment expenditures alongside the increase in subscribers," Parker continued. "The configurability of Clearfield's FieldSmart platform is allowing us to contain our spending and reduce costs during the build-out of this project."
"Surry Telephone's deployment of fiber demonstrates its commitment to its member-owners," said Cheri Beranek, president and CEO of Clearfield. "This project, which is financed outside of government programs associated with the American Recovery Act or the RUS program, is a wonderful example of the many fiber-rich broadband projects currently being undertaken by proactive telephone companies across the country."
About Clearfield, Inc.
Clearfield, Inc. (Nasdaq:CLFD) sets the standard for fiber performance with the FiberDeep line of fiber connectivity, while lowering the cost of broadband deployment with the FieldSmart fiber management platform and the CraftSmart OSP fiber enclosure system.
CONTACT: Christy Kemp
Calysto Communications
404-266-2060, ext. 539
ckemp@calysto.com
Source: Clearfield, Inc.
2011 GlobeNewswire, Inc.
Hmmm ... time to re-consider another entry ?
CLFD.. $7.96..
CLFD continues to be exercising thier plann and is selling product thru out the Mid West.. It will be interesting what happens when the stimulus money runs out.. Any way it has become an offical 10-bagger.. hank
I knew I shoulda kept my big mouth shut, now jinxed, I'm out @ 8.00 even ... I think this is my last venture into any U.S. based equity for quite some time.
As an aside, I have always maintained that The train wreck of '08 was ony the beginning, and that the blast of stimulus money injected into the system back then gave the plutocrats enough time to exit after a V shaped recovery began.
Fruition. Good luck to all.
Probably my last post on this site
Take care (Hank)
K.
I am so glad I got back in .. CLFD looks like it might get to ten soon...
GLTY
CLEARFIELD, INC.
CONDENSED STATEMENTS OF OPERATIONS
UNAUDITED
Three Months Ended June 30 Nine months Ended June 30
2011 2010 2011 2010
Revenues $ 10,124,665 $ 6,778,193 $ 24,490,898 $ 16,445,626
Cost of sales 5,805,914 4,174,998 14,312,455 10,407,347
Gross profit 4,318,751 2,603,195 10,178,443 6,038,279
Operating expenses
Selling, general and administrative 3,076,388 1,992,576 7,904,006 5,746,913
Gain on disposal of assets (44,352 ) - (44,352 ) -
3,032,036 1,992,576 7,859,654 5,746,913
Income from operations 1,286,715 610,619 2,318,789 291,366
Other income (expense)
Interest income 26,604 36,491 83,065 112,125
Interest expense - - - (820 )
Other income 10,000 11,498 25,500 35,850
36,604 47,989 108,565 147,155
Income before income taxes 1,323,319 658,608 2,427,354 438,521
Income tax expense 45,489 29,595 115,879 77,559
Net income $ 1,277,830 $ 629,013 $ 2,311,475 $ 360,962
Net income per share:
Basic $ 0.11 $ 0.05 $ 0.19 $ 0.03
Diluted $ 0.10 $ 0.05 $ 0.18 $ 0.03
Weighted average shares outstanding:
Basic 12,097,670 11,995,331 12,054,868 11,987,793
Diluted 12,829,497 12,437,853 12,738,794 12,460,069
Its been very nice. Will it go to 10 dollars ?
Yet another PR.. CLFD working it.. solid company here.
GLTA ...
2 PRs in as many weeks, CLFD on the move again.
CLFD.. I have always followed CLFD and I think as before it got ahead of itself in price.. There sems to be an awful amount of stock in the $5.00 to $6.75 range from the attempt to make it fly a couple of years ago.. The technology is tops but the orders still seem to come in spirts.. Until we have more traction from the Feds. as to where the general economy is going I don't see much progress from here.. What CLFD does is a budget item and in periods when money is so tight it may be put off,, something like a dentest appointment.. hank
heya Hank, you back in here ?
CLFD.. $4.88..
Clearfield Ensures Fiber Protection With Enclosure Line Optimized for Optical Protection
CraftSmart Fiber Protection is Industry's First Field Enclosure System With Integrated Fiber Management and Protection
MINNEAPOLIS, April 14, 2011 (GLOBE NEWSWIRE) -- Clearfield, Inc. (Nasdaq:CLFD) , the specialist in fiber management solutions for Fiber to the Premise (FTTp) deployments, is providing an optimized optical protection system with CraftSmart -- a full line of above- and below-grade field enclosures. The CraftSmart Fiber Protection Pedestals (FPP) and CraftSmart Fiber Protection Vaults (FPV) are integrated solutions, optimized to house the FieldSmart Small Count Delivery ( SCD) Case at the last mile access point of the network in above-grade or below- grade installations.
The combined solution provides an "any application, any media, anywhere" approach to the unique challenges of delivering the last mile drop. The Fiber Protection Vaults (FPV) will also support integration of Clearfield's FieldSmart Fiber Scalability Center OSP cabinets and traditional splice point slack and closure storage. The CraftSmart line is RUS-listed and is currently shipping.
Integrated Design
"Retrofitting legacy copper solutions in the field is expensive and time- consuming," explains Johnny Hill, chief operating officer for Clearfield. " Clients have asked for an OSP environmental enclosure line that could reduce the cost of field deployment by providing complete hardware compatibility. CraftSmart optimizes fiber protection and storage while ensuring industry standards. Utilizing tried-and-true methods of sealing and below-grade protection, along with that Clearfield innovation, we have developed a complete, turn-key solution for the deployment of passive optics from the central office/ head-end to the customer premise."
Product Details
The CraftSmart Fiber Protection Pedestal is the industry's most cost-effective thermoplastic enclosure system featuring a full complement of standard features, including a self-locking security cover and factory installed bracketry. CraftSmart Pedestals are available in two sizes - 9" x 22" and 10" x 24" - providing maximum work space and bend radius provisions for all passive cables and connectors.
The CraftSmart Fiber Protection Vaults lead the way with 1730, 2436, and 3048 sizes that set new performance standards for below-grade thermoplastic enclosures. Utilizing a straight vertical design that supports the cover's load across the entire vault, sidewall deflection is neutralized with a high-rib design for utilization in a variety of environments including greenbelt. A factory installed stud system on the interior wall allows for a variety of accessories from storage racks, horizontal brackets, and a two-position swing- arm for mounting Clearfield's FieldSmart SCD Case onto for easy access and storage.
Video Presentation Available
To learn more about CraftSmart Fiber Protection, an informational video can be viewed at http://www.clearfieldconnection.com/resource-center/demonstration- video s/.
About Clearfield, Inc.
Clearfield, Inc. sets the standard for fiber performance with FiberDeep, while lowering the cost of broadband deployment with the FieldSmart fiber management platform and the CraftSmart OSP enclosure system. FieldSmart is the only fiber management platform to be designed around a single architecture -- the Clearview Cassette and xPAK-- for the inside plant, outside plant and access network. Scaling from 1 to 1728 ports, FieldSmart supports a wide range of panel and cabinet configurations, densities, connectors and adapter options, and are offered alongside an assortment of passive optical components. CraftSmart is the industry's only field enclosure system optimized for fiber deployment. FiberDeep is a new class of fiber patch cords that guarantees performance at .2dB insertion loss -- fully half that of the industry standard. Clearfield provides a complete line of fiber and copper assemblies for inside plant, outside plant and access networks. Clearfield is a public company traded on NASDAQ: CLFD.
CONTACT: Gary Young
612-247-8123
garydyoung@comcast.net
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http:// www.djnewsplus.com/nae/al?rnd=EWKGvNA1pxdb6SRnrEX4Cw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-14-11 1530ET
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Ticker:(NASDAQ)CLFD
OS:11,872,331
Clearfield, Inc. manufactures and sells telecommunications equipment and products in the United States. Its products include fiber distribution systems, optical components, outside plant cabinets, and fiber and copper cable assemblies. The fiber distribution systems are fiber distribution panels and cable management systems that are designed to reduce installation time and support a range of panel configurations, densities, connectors, and adapters that can be utilized on a stand-alone basis or integrated into the panel system. The company packages optical components for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation to seamlessly integrate with the fiber distribution products in the central office and outside plant environments. It serves communication service providers, including fiber-to-the-home, enterprise, and original equipment manufacture markets. The company was founded in 1979. It was formerly known as APA Optics, Inc. and changed its name to APA Enterprises, Inc. Further, the company changed its name to Clearfield, Inc. in January 2008. Clearfield, Inc. is headquartered in Plymouth, Minnesota.
Economic conditions slow momentum; gross margin gains and ongoing strategic investments position Company for future opportunities
MINNEAPOLIS--(BUSINESS WIRE)--Clearfield, Inc. (NASDAQ: CLFD - News):
| $4.9 million, down 17% from previous year | |
| $1.7 million, down 16% from previous year | |
| 34.4%, up from 34.0% in previous year | |
| $160,000 | |
| $.01 |
Clearfield, Inc. (NASDAQ: CLFD - News) today announced results for the first fiscal quarter of 2010 which ended December 31, 2009. Revenue for the quarter was $4,943,000 in comparison to $5,933,000 for the quarter ended December 31, 2008, a decrease of 17 percent. Gross profit for the first quarter of fiscal 2010 was $1,702,000 in comparison to $2,014,000 for the first quarter for fiscal 2009, a decrease of 16 percent. The Company reported a net loss of $160,000 for the first quarter of fiscal 2010, or $.01 per share, compared to income of $217,000, or $.02 per share, for the first fiscal quarter of 2009.
Revenue decreased in the broadband and commercial data networks market as well as the contract manufacturing market. Revenue in the broadband and commercial data networks market was $4.1 million in the first quarter of fiscal 2010, down from $4.7 million in the previous year’s first quarter. The revenue decrease was primarily associated with decreased demand from a single distributor in the Eastern region of the U.S. Revenue from that distributor accounted for 19% of total quarter revenue for the first quarter of fiscal 2010 in comparison to 25% for the first quarter for fiscal 2009. This decrease overshadowed stable revenue performance in the Midwest and revenue gains in regions of the U.S. where the Company has invested in additional sales personnel in recent quarters. Revenue associated with contract manufacturing, principally copper cable assembles produced to the design specifications of OEM’s outside of the telecommunications market, also contributed to the overall quarterly revenue decline, as revenue to that market was $814,000 for the first quarter of fiscal 2010 down from $1.1 million in the first quarter for fiscal 2009.
In the first fiscal quarter of 2010, gross margins improved nearly one half of one percent to 34.4% from the same quarter of last fiscal year. The year-over-year improvement is the result of material cost improvements and manufacturing efficiency.
Operating expenses were $1.9 million, an increase of 5% from $1.8 million in the same quarter 2009. The Company continues to invest in revenue growth, with the hiring of field sales personnel along with product and market managers.
Comments on Operations
“Our recent revenue performance is indicative of a market that is hampered by economic conditions,” explains Cheri Beranek, President and Chief Executive Officer of Clearfield. “While our largest customers continue to offer kudos to our product line and have told us they remain committed to the return on investment they expect from the FTTH marketplace, the availability of capital and funding to our customers has slowed some major initiatives in some of our historically strongest markets.”
“We are just beginning to see the initial grant and loan awards from the American Recovery and Reinvestment Act. We are actively tracking both award winners and applications that are still under review. However, grant and loan award recipients are just initiating their Requests For Vendor Quotation and we do not expect them to begin receiving funds until later this spring.”
“During this time, we are continuing to make strategic investments in sales personnel and marketing initiatives to broaden our reach within our markets. In addition, we are aggressively pursuing new products that will allow us to enter new markets and address an expanding range of customer requirements,” concluded Beranek.
About Clearfield, Inc
Clearfield, Inc. designs and manufactures the FieldSmart Fiber Management Platform, which includes its latest generation FieldSmart Fiber Crossover Distribution System (FxDS), FieldSmart Fiber Scalability Center (FSC) and FieldSmart Fiber Delivery Point (FDP) series. The FxDS, FSC and FDP product lines support a wide range of panel configurations, densities, connectors and adapter options, and are offered alongside an assortment of passive optical components. Clearfield provides a complete line of fiber and copper assemblies for inside plant, outside plant and access networks. Clearfield is a public company, traded on Nasdaq:CLFD. www.ClearfieldConnection.com
Forward-Looking Statements
Forward-looking statements contained herein are made pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. These statements are based upon the Company's current expectations and judgments about future developments in the Company's business. Certain important factors could have a material impact on the Company's performance, including, without limitation the effect of the significant downturn in the U.S. economy on Clearfield’s customers; the impact of the American Recovery and Reinvestment Act or any other legislation on customer demand and purchasing patterns; cyclical selling cycles; need to introduce new products and effectively compete against competitive products; dependence on third-party manufacturers; limited experience in manufacturing, reliance on key customers; rapid changes in technology; the negative effect of product defects; the need to protect its intellectual property; the impact on its financial results or stock price of its ability to use its deferred tax asset, consisting primarily of net operating loss carryforwards, to offset future taxable income; the valuation of its goodwill and the effect of its stock price, among other factors, on the evaluation of goodwill; and other factors set forth in Clearfield’s Annual Report on Form 10-K for the year ended September 30, 2009 as well as other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect actual events.
CLEARFIELD, INC. | ||||||||||
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS | ||||||||||
UNAUDITED | ||||||||||
Three Months Ended | ||||||||||
December 31, | ||||||||||
2009 | 2008 | |||||||||
Revenues | $ | 4,942,667 | $ | 5,933,287 | ||||||
Cost of sales | 3,240,959 | 3,919,079 | ||||||||
Gross profit | 1,701,708 | 2,014,208 | ||||||||
Operating expenses | ||||||||||
Selling, general and administrative | 1,889,615 | 1,804,978 | ||||||||
Income (loss) from operations | (187,907 | ) | 209,230 | |||||||
Other income (expense) | ||||||||||
Interest income | 38,056 | 31,750 | ||||||||
Interest expense | (584 | ) | (1,906 | ) | ||||||
Other income | 14,515 | 13,644 | ||||||||
51,987 | 43,488 | |||||||||
Income before income taxes | (135,920 | ) | 252,718 | |||||||
Income tax expense | 23,761 | 35,231 | ||||||||
Net income (loss) | $ | (159,681 | ) | $ | 217,487 | |||||
Net income (loss)per share: | ||||||||||
Basic | ($.01 | ) | $ | .02 | ||||||
Diluted | ($.01 | ) | $ | .02 | ||||||
Weighted average shares outstanding: | ||||||||||
Basic | 11,977,266 | 11,938,131 | ||||||||
Diluted | 11,977,266 | 11,938,131 | ||||||||
CLEARFIELD, INC. | ||||||||||
BALANCE SHEETS | ||||||||||
UNAUDITED | ||||||||||
December 31, 2009 | September 30, 2009 | |||||||||
Assets | ||||||||||
Current Assets | ||||||||||
Cash and cash equivalents | $ | 4,375,289 | $ | 4,731,735 | ||||||
Short-term investments | 1,153,566 | 2,108,566 | ||||||||
Accounts receivable, net | 1,739,721 | 2,723,414 | ||||||||
Inventories | 1,241,314 | 1,153,862 | ||||||||
Other current assets | 217,376 | 180,635 | ||||||||
Total current assets | 8,727,266 | 10,898,212 | ||||||||
Property, plant and equipment, net | 1,255,763 | 1,319,492 | ||||||||
Other Assets | ||||||||||
Long-term investments | 3,876,000 | 2,840,000 | ||||||||
Goodwill | 2,570,511 | 2,570,511 | ||||||||
Deferred taxes –long term | 2,209,745 | 2,231,990 | ||||||||
Other | 557,921 | 568,554 | ||||||||
Total other assets | 9,214,177 | 8,211,055 | ||||||||
Total Assets | $ | 19,197,206 | $ | 20,428,759 | ||||||
Liabilities and Shareholders’ Equity | ||||||||||
Total current liabilities | 1,376,749 | 2,493,006 | ||||||||
Deferred rent | 86,068 | 87,942 | ||||||||
Total Liabilities | 1,462,817 | 2,580,948 | ||||||||
Shareholders’ Equity | ||||||||||
Common stock | 119,788 | 119,746 | ||||||||
Additional paid-in capital | 52,418,356 | 52,372,139 | ||||||||
Accumulated deficit | (34,803,755 | ) | (34,644,074 | ) | ||||||
Total shareholders’ equity | 17,734,389 | 17,847,811 | ||||||||
Total Liabilities and Shareholders’ Equity | $ | 19,197,206 | $ | 20,428,759 |
Clearfield, Inc.
Cheryl P. Beranek, 763-476-6866
Chief Executive Officer and President
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