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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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Breakout brewing in ACM Research ahead of its earnings

ACM Research (<a href=NASDAQ: ACMR) stock price " width="1000" height="667">

While the overall market appears to be breaking lower after the SPDR S&P 500 ETF Trust (NYSE: SPY) took out a critical level of support on Wednesday, many might focus on risk-off, deep out-of-the-money limit orders to purchase at a discount,  and potential short opportunities.

However, one name that has so far bucked the trend ahead of key upcoming catalysts is ACM Research (NASDAQ: ACMR). ACMR has significantly outperformed its sector and overall market over the past three months, up almost 43%. Year-to-date, the stock has surged close to 136%.

As the stock holds firm in its uptrend, with its contracting range pointing toward a possible expansion and momentum move, it’s worth taking a deep dive into this company to explore the opportunities.

What is ACM Research?

ACM Research stock outlook

ACM Research and its subsidiaries specialize in developing and selling advanced single-wafer wet cleaning equipment to improve manufacturing processes and global chip yield. 

They offer innovative technologies such as space alternated phase shift for uniform megasonic energy delivery, timely energized bubble oscillation for cleaning patterned wafers, Tahoe technology for reduced chemical usage, and electro-chemical plating for advanced metal plating. The company sells its products under the Ultra C brand through direct sales and third-party representatives.

It’s important to note that ACMR is a small-cap stock with a market cap of $1 billion. Its market cap, 52-week range of $5.85 - $21.07, and average daily volume of under 1 million shares contribute to increased volatility, spread, and potential lack of liquidity. For active traders, a stock like this might be difficult to manage risk effectively.

The Technical Setup in ACMR

ACMR stock price outlook

As the range further contracts ahead of key upcoming catalysts, the 50-day Simple Moving Average (SMA) continues to support the uptrend. As long as the stock can continue to base above this key level of support, the uptrend will remain intact, and bulls should continue to have confidence.

However, if the stock breaks below this level and fails to reclaim, a momentum shift might occur, and profit-taking could begin to take over.

Going forward, though, if the stock can break out of the range and experience an uptick in volume, a breakout to the upside would be confirmed. Its most recent pivot-high of $21.07 is likely the first target.

ACMR Earnings and Upcoming Catalysts

ACMR earnings chart

The company’s most recent earnings report, released on August 4th, 2023, revealed earnings of $0.45 per share for the quarter, significantly surpassing expectations by $0.38. The company also exceeded revenue estimates, with $144.58 million in earnings compared to the anticipated $113.32 million. Their trailing twelve-month earnings per share stand at $1.02, with a price-to-earnings ratio 17.9. Looking ahead, ACM Research is expected to experience a 2.68% earnings growth in the next year, increasing from $1.12 to $1.15 per share. 

On October 19, ACMR announced that it will provide a preliminary revenue range for the third quarter of 2023 before the U.S. market opens on October 27. This coincides with the reporting obligations of its subsidiary, ACM Research (Shanghai), Inc., to the Shanghai Stock Exchange. 

The full financial results for the third quarter of 2023 will be released on November 7, and a conference call to discuss the results will take place at 8:00 a.m. U.S. Eastern Time. 

Analysts See Further Upside

  1. Analysts ratings ACMR

Given the stock's performance on the year, up triple-digits, it’s undoubtedly a significant vote of confidence for investors to see that analysts are still predicting a double-digit upside.

ACMR has a Moderate Buy rating based on five analyst ratings and a predicted upside of 11.59% based on a consensus price target of $20.32. 

Most recently, on October 12, the Goldman Sachs Group boosted its target from $16.20 to $18.20.

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