Revenue Update on Clearfield Inc(NASDAQ:CLFD)

Clearfield Inc(NASDAQ:CLFD) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $21.60M. Analysts estimated a revenue of $17.85M. Earnings per share were $0.16. Analysts had estimated an EPS of $0.11.

Clearfield Inc (CLFD) made into the market gainers list on Thursdays trading session with the shares advancing 0.11% or 0.02 points. Due to strong positive momentum, the stock ended at $19, which is also near the day’s high of $19.165. The stock began the session at $18.91 and the volume stood at 40,239 shares. The 52-week high of the shares is $20.28 and the 52 week low is $11.59. The company has a current market capitalization of $262 M and it has 1,37,90,571 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Patrick Goepel (director) purchased 1,250 shares at $18.60 per share price.Also, On Feb 9, 2016, Stephen L Zuckerman (director) sold 2,000 shares at $13.58 per share price.On Nov 18, 2015, Charles N Hayssen (director) purchased 3,000 shares at $12.01 per share price, according to the Form-4 filing with the securities and exchange commission.

Clearfield Inc. (Clearfield) manufactures markets and sells an end-to-end fiber management and enclosure platform that consolidates distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home business and cell site. The Company has extends this product line with a fiber delivery platform of optical cable connectors and microduct that delivers fiber to environments previously not economically or environmentally viable. The Company has established as a value-added supplier to its target market of broadband service providers including independent local exchange carriers (telephone) multiple service operators (cable) wireless service providers non-traditional providers and municipal-owned utilities. The Company deploys a hybrid sales model with some sales made directly to the customer some made through two-tier distribution partners and some sales through original equipment suppliers who private label its products.

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