Clearfield boosts share repurchase authorization to $40M from $22M; ~$33M available

Clearfield, Inc.

Board increased repurchase program to $40M, up from previous $22M.
Approximately $33 million remains available for share repurchases.
CEO states move reflects Board's view that shares are undervalued relative to long-term opportunity.
Repurchases may be executed via open market, block trades, or Rule 10b5-1 plans.
Program funded by cash on hand; no obligation to repurchase any minimum amount.

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