looks like 19 mil revenue was a large order from Google
I was trying to figure out why this stock hit 25. My colleague and I said that 19 mill quarter was a large order from Google for their fiber build out. Please elaborate on why this stock merited on 25 dollars a share.
You are correct ... it was a large Google order, which put Clearfield in a zone of massive growth rate. But, a year ago they reported a backlog jump-up from $4mil to $10mil (2Q13 1Q13), which zoomed the 2nd half prospects and brought the pps from 13 to mid 20s, an overshot. Then the backlog dropped off. Google is applying for installs in 34 cities. Assuming that Google will continue its fiber strategy, eventually there will be additional, massive business ... hopefully with Clearfield still with best-of-class, winning the bulk. In the meantime, while we wait, it is interesting to note that manufacturing capacity has been increased and that the CEO is adding for office space. This tends to tell me that the business is still coming. Further to the upside, the 18% growth rate with other broadband installs was worth noting -- perhaps Clearfield does have best-in-class. All the best.