Clearfield increases share repurchase program from $65M to $85M

Clearfield (CLFD) announced that its Board of Directors has authorized an increase to the Company’s common stock share repurchase program from $65 million to $85 million. Cheri Beranek, President and Chief Executive Officer, said, “We are announcing that our Board of Directors has increased our share buyback authorization from $65 million to $85 million, leaving approximately $28.4 million available for additional repurchases when added to the $8.4 million repurchase amount remaining on September 30, 2025. This strategic decision reflects the Board’s continued view that the current share price does not fully capture our long-term opportunity. This increase in buyback authorization underscores our proactive commitment and confidence in the Company’s long-term outlook.”