Clearfield, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024
February 01, 2024 at 04:00 pm EST
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Clearfield, Inc. provided earnings guidance for the second quarter of fiscal 2024. For the quarter, the company expects net sales for the second quarter of fiscal 2024 to be in the range of $29 million to $33 million and net loss per share to be in the range of $0.49 to $0.55.
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.