What Caused The Clearfield (CLFD) Stock To Rise After-Hours?

Following their inclusion on a significant list, shares of Clearfield, Inc. (NASDAQ: CLFD) were up 13.89% to trade at $106.00 in after-hours trading at the time of the most recent check.

To what list was CLFD added?

This week, Clearfield (CLFD) revealed that the company had been named to Forbes magazine’s just-released 2023 list of America’s Best Small Companies. Clearfield is proud to be placed 4th out of 100 firms, up from 12th on the 2022 list, and this is the company’s third appearance in the prestigious listing.

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The CLFD is on the right track to advance fiber broadband from early adopters to mainstream, including Main Street, adoption thanks to the federal and state focus on reducing the digital equality gap. With the support of its staff, manufacturing and supply chain partners, and the larger ecosystem that is a part of each connection to fiber that it assists its clients in making, CLFD was able to make it happen.

Limiting the amount of time and resources required to connect each house to fiber networks, CLFD focuses on enabling the lifestyle that improved internet delivers and allowing its customers to move swiftly from homes passed to homes connected. In order for its customers to fulfill all federal and state financing criteria, this focus involves providing goods that are labor-light and effectively managing suppliers and production teams.

FactSet data was used to produce the list of businesses included in this year’s America’s Best Small Companies. After gathering the information, Forbes evaluated more than 1,000 businesses that met the Small Cap requirements, showed positive sales growth over the previous 12 months and had a share price of at least $5. Based on profits and sales growth, return on equity, and total stock return for the most recent 12 months available and the previous five years, the 2022 Top 100 list of firms was determined.

CLFD continued to serve its customers well:

As part of its efforts to transition from fiber homes passed to fiber homes linked, Clearfield recently revealed facts it gained from a recent customer deployment study to quantify the time savings obtained utilizing FastPass. In order to help its clients streamline their workflow and ensure that everyone, everywhere has access to the internet services required for success and growth, Clearfield (CLFD) is equally focused on the measure of linked households.

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