Clearfield, Inc. Provides Earnings Guidance for the First Quarter of Fiscal 2021
November 06, 2020 at 04:58 pm EST
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Clearfield, Inc. provided earnings guidance for the first quarter of fiscal 2021. While the company currently unable to provide a concrete financial forecast for the upcoming fiscal year due to the ongoing volatility from COVID, the company is confident the demand for fiber-fed broadband will continue in fiscal 2021 and beyond. Based on its robust bookings and pipeline of business, the company currently anticipate a strong first quarter of fiscal 2021 compared to the same year-ago period.
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. 
