RF Industries Secures $10M Follow-On Order For OptiFlex Solution

RF Industries, Ltd. RFIL received a follow-on order of more than $10 million from its new tier-1 wireless carrier customer at Cables Unlimited division for its OptiFlex hybrid fiber solution for use in the build-out of wireless tower sites.
OptiFlex is a composite of multiple cables, including a variation of power, coax, ethernet and fiber.
The company had received multiple large orders from this same customer earlier this fiscal year, including orders in March, May, and July.
RF Industries' backlog now stands at $34.5 million, including this order. The company expects to start shipping against the new order during its next fiscal year, which begins November 1, 2021.
Price Action: RFIL shares are trading higher by 0.73% at $7.75 on the last check Tuesday.

Momentum-

Growth10.66

Quality-

Value69.86

Short

Medium

Long