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What Made Clearfield (CLFD) Stock Trade High After Hours?

On Thursday, shares of the specialist in fiber management for communication service providers, Clearfield Inc. (NASDAQ: CLFD) rose 10.15 percent to $33.00 in after-hours trading. Closed at $29.96 last session, Clearfield stock gained 0.67 percent or $0.2.

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Its stock has advanced 134.98% in the last 12 months and has declined -1.93% in the past one week. A return of 21.20% has been recorded for the stock this year so far. Further, the stock has a P/E ratio of 41.32. A surge in CLFD stock followed financial results released yesterday.

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How CLFD performed?

Products for fiber optic management, protection, and delivery are developed, manufactured, and distributed by Clearfield. Our “fiber to anywhere” platform works for all of the top incumbent local exchange carriers, competitive local exchange carriers, and MSOs/Cable TV companies. Broadband needs are also met by this platform in the utility/municipal, enterprise, data center, and military sectors.

For the fiscal second quarter and six months ended March 31, 2021, Clearfield reported its financial results yesterday.

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