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    Matt Caveney • Needham & Company

    Matt Caveney is a Managing Director and Senior Equity Research Analyst at Needham & Company, specializing in the coverage of technology and industrial growth companies. With deep expertise in sectors such as IT hardware, smart automation, and semiconductors, he has covered notable companies including Cognex, Zebra Technologies, and National Instruments, earning recognition for high-quality research and actionable investment recommendations. Caveney began his analyst career in the early 2000s, previously holding research roles at Morgan Stanley and Jefferies before joining Needham, where he has delivered top-quartile returns and a strong success rate on investment calls as reflected on platforms like TipRanks. He is a FINRA-registered professional holding Series 7, 63, 86, and 87 licenses, and is known for his rigorous analysis and client-centric approach.

    Matt Caveney's questions to Clearfield Inc (CLFD) leadership

    Matt Caveney's questions to Clearfield Inc (CLFD) leadership • Q1 2025

    Question

    Matt Caveney of Needham & Company inquired about the recent strength in the large regional customer segment, asking for details on customer concentration and product mix. He also asked for an update on the company's visibility into the remainder of the fiscal year, specifically concerning customer forecasts, new designs, and order lead times.

    Answer

    Executive Cheryl Beranek clarified that the strength in large regionals was from a handful of providers and represented lumpy, project-based business primarily for 'homes passed' products. Regarding visibility, she noted a significant increase in quoting activity as customer inventory levels normalize. While the company's short lead times of about four weeks preclude long-term purchase orders, Beranek confirmed they are engaging in more strategic supply agreements and have better visibility into multi-year projects.

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