CLFD - Clearfield: The Clear Choice

• Clearfield looks like a premier growth company with consistently growing revenues, earnings, and margins over the last few quarters.
• Community broadband still has a long runway of growth opportunities with about 30% of Americans not having proper broadband services.
• With CapEx’s set to increase and an administration that is pushing for more spending, Clearfield is in the sweet spot with a dominant position in fiber optics management.
• Following a sharp 20% decline, we recommend initiating a position in this company and look to average down as it could test the 200-MA support in the coming weeks.

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