Why Are Clearfield Shares Trading Higher Premarket?

Stock photo of a clock on top of papers with chart info, next to a laptop computer. Nataliya Vaitkevich/Pexels

Clearfield Inc. reported first-quarter FY22 net sales of 89 percent year-on-year to $51.1 million, beating the consensus of $41.3 million.

The increase in net sales was due to higher sales across its core end markets, most notably its Community Broadband and MSO markets.