Clearfield is trading at $28.43 (-15.81%) in pre-market after the company significantly lowered its full-year 2026 revenue and profit outlook, overshadowing a third-quarter earnings beat.
- Third-quarter net sales rose 13% year-over-year to $43.9 million, but management cited industry demand constraints and a shrinking backlog as key concerns.
- The company announced a new $22 million hyperscale data center order, which was not enough to mitigate investor reaction to the weakened long-term guidance.