CORRECTED-Fiber connectivity company Clearfield posts higher sales, ups share buyback program
Overview
Clearfield fiscal 2025 net sales rise 20% to $150.1 mln, driven by MSO and regional markets
Net income per share improves to $0.45 from a loss of $0.58 in fiscal 2024
Board increases share repurchase program authorization from $65 mln to $85 mln
Outlook
Clearfield expects fiscal 2026 revenue between $160 mln and $170 mln
Company sees fiscal 2026 EPS between $0.48 and $0.62
Clearfield anticipates Q1 2026 revenue between $30 mln and $33 mln
Result Drivers
MSO AND REGIONAL MARKETS - Increased sales in MSO and Large Regional Service Provider markets drove revenue growth
PRODUCTION EFFICIENCY - Gross margin improvement attributed to higher production efficiency and lower excess inventory charges
DIVESTITURE STRATEGY - Divestiture of Nestor Cables allows focus on higher-return opportunities in North America
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income from Continuing Operations |
| $1.8 mln |
|
Q4 Gross Profit |
| $14.20 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Clearfield Inc is $50.00, about 41.2% above its November 24 closing price of $29.38
The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 84 three months ago
Press Release: ID:nGNXcbGvbD
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