Clearfield, Inc. Provides Sales Guidance for the Fiscal Year 2021 and 2022
July 22, 2021 at 04:01 pm EDT
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Clearfield, Inc. provided sales guidance for the fiscal year 2021 and 2022. For the year 2021, the company expects net sales to be between $130 million to $135 million, which represents year-over-year growth of more than 40%.
For the year 2022, the company expects annual net sales to be between $150 million to $160 million, representing growth of 15% to 20% over projected fiscal year 2021 revenues.
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. 
