5 Best Small Cap Data Center Stocks to Buy

3. Clearfield, Inc. (NASDAQ:CLFD)

Market Capitalization: $591.14 million

Number of Hedge Fund Holders: 18

Clearfield, Inc. (NASDAQ:CLFD) is one of the best small cap data center stocks to buy. On May 12, Clearfield Inc. President and CEO Cheri Beranek said the company expects to begin shipping the newly introduced NOVA platform in the third or fourth quarter of the year.

At the 21st Annual Needham Technology, Media, & Consumer Conference, Beranek said she was surprised by the data center community’s receptiveness to its NOVA product line, as it recognized the company’s expertise in fiber management. She added:

“And so, we really have received a strong open door welcoming from the data center community, and we expect that we’ll start to see the Nova platform business in the third and fourth quarter.”

In January, Clearfield announced the launch of the NOVA Platform, a modular, high-density fiber ecosystem designed to make building and scaling modern networks more intuitive. The company explained that the platform is engineered for a range of environments, such as large hyperscale and co-location data centers, offering space-efficient solutions that can evolve as quickly as their capacity demands.

Clearfield, Inc. (NASDAQ:CLFD) designs, manufactures, and distributes fiber optic management, protection, and delivery solutions.