|Bid||61.96 x 800|
|Ask||62.26 x 1300|
|Day's Range||60.00 - 66.00|
|52 Week Range||48.91 - 134.90|
|Beta (5Y Monthly)||1.44|
|PE Ratio (TTM)||17.62|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of fiber optics company Clearfield, Inc. (NASDAQ: CLFD) fell as much as 15.2% in trading on Friday after reporting fiscal first-quarter 2023 financial results. Revenue was up 68% from a year ago to $85.9 million, and net income rose 37% to $14.3 million, or $1.00 per share. What got investor attention was backlog falling 17% from just a quarter ago to $136 million, which management said was in large part due to a return to normal ordering patterns.
Clearfield's (CLFD) innovation in fiber broadband deployment, it's customer-centric strategy and optimization of deployment operations are projected to be the main revenue drivers.
Clearfield (CLFD) closed at $69.16 in the latest trading session, marking a +0.23% move from the prior day.