- 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.
For further details see:
Clearfield: The Clear Choice