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About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Is Advance Auto Parts a Buy After its Earnings Crash?

By: MarketBeat
Is Advance Auto Parts a Buy After its Earnings Crash?

Advance Auto Parts (NYSE: AAP) is down more than 15% after missing badly on the bottom line in its third-quarter earnings report. The company’s revenue of $2.64 billion came in roughly in-line with expectations. But on the bottom line, analysts were expecting $3.40 of earnings per share (EPS). The company, however, delivered just $2.84 EPS.  

Furthermore, the company lowered its outlook for the full year. The company is now guiding for EPS in a range of $12.60 to $12.80 down from its prior guidance for $12.75 to $13.25.  

Analysts reacted swiftly with over a half-dozen analysts either lowering their rating, lowering their price target or both. The question that investors must ask is whether the sell-off is overdone? Advance Auto Parts did have that misfortune of reporting on the same day when Target (NYSE: TGT) delivered a poor earnings report with a dismal outlook for the holiday season. 

A One-Off or the Reversal of a Bullish Trend? 

In 2021, Advance Auto Parts announced three goals: growing sales, expanding margins, and returning money to shareholders. Prior to this earnings report, the company was doing just that, and quite successfully.  

The inflated cost of new and used cars was a tailwind for auto parts stores in 2021. Consumers were looking to keep their existing car in good working order just a little longer. One concern heading into 2022 was if these companies could keep that momentum going. However, in 2022, Advanced Auto Parts has kept its revenue consistent on a year-over-year (YOY) basis.  

That trend continued in this quarter. What didn’t continue to grow was the company’s margins. They contracted for the first time in nine quarters. Inflation, in this case, was a double-edged sword that hurt the company’s margins.  

Tom Greco president and CEO, said the company is taking steps to ensure it has the right inventory in place. A key initiative that the company is taking is to increase the inventory of its house brands which have lower costs for the consumer and higher margins for the company.  

However, this investment came as a hit to the company’s free cash flow (FCF) projections. Advance Auto Parts now expects to achieve $300 million in FCF down from prior estimates of $700 million.  

More Customers or More Sales Per Customer? 

This is the question that investors will need to reconcile as it relates to an investment in AAP stock. In lowering their outlook for AAP stock analysts expressed concerns that the company’s decline in earnings was evidence that it was losing customers.  

That would take the company into a bearish spiral as new customers may be hard to find in a recession. On the other hand, Greco says the issue is not so much about new customers as generating more sales per customer. In an interview with CNBC, Greco argued that the company’s customer base, which consists of professionals as well as do-it-yourselfers, has never been particularly loyal to one auto parts store. 

Greco’s belief is that their investment in ensuring the company has the right products, at the right locations, at the right times will pay off.  

 Should You Buy AAP Stock on the Dip? 

Before the earnings report, AAP stock was trading in a range between its 50- and 200-day moving average with the 200-day SMA providing firm resistance. It’s sliced well below the 50-day SMA now. But strictly from a technical standpoint, AAP stock looks oversold right now.  

However, I’m writing this less than 24 hours after the company’s earnings report. For certain, the consensus price target of $235 put forth by the analysts surveyed by MarketBeat is going to come down. And that will be when investors can figure out how high the ceiling will be for AAP stock. 

In the meantime, if you were (or still are) a shareholder, the company will pay its current dividend of $1.50 per share. The company has been increasing this dividend at impressive levels since 2020. You shouldn’t expect that level of growth to continue. But with an annual dividend of $6.00 per share, it could be worthwhile for NYSE: AAP">income investors to hang on to their shares. 

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