Roth Capital analyst Scott Searle initiated coverage of Clearfield with a Buy rating and $120 price target. The analyst believes that as a leading supplier of fiber optic protection and management solutions, Clearfield is poised to benefit from the ongoing broadband "super cycle." A combination of unconnected and under connected households, generally increasing demands for broadband and $80B-plus of government funding initiatives is driving a $12.5B opportunity through the end of the decade, Searle adds.
Published first on TheFly
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