Approximately ten months ago, I wrote an article about Clearfield's (NASDAQ:CLFD) growth prospects. Since that article, the stock has risen an astounding 250%. During this time, while the stock has steadily climbed, I have received many comments and emails from investors inquiring why the stock's share price increased at such a rapid pace. The earnings reports during that time certainly reflected the growth I was expecting, but does it justify the almost 50 P/E? My brethren and I believe we may have finally uncovered what we thought all the hidden excitement is about. Apparently, Clearfield is a key provider in Google's (NASDAQ:GOOG) fiber projects.
This Fox 4 Kansas City, MO video shows a Clearfield cabinet deployed...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|