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Fly News Breaks for August 21, 2019
CLFD
Aug 21, 2019 | 06:21 EDT
Roth Capital analyst William Gibson started Clearfield with a Buy rating and $19 price target, stating that he expects its organic growth to accelerate beginning in 2020 with the deployment of 5G wireless networks. Clearfield is certified at all three Tier-1 telcos, which accounted for 13% of trailing twelve months revenue as of Q3, Gibson noted.
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