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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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McDonald’s bottoms, plus more good news for fast food stocks

Restaurant stocks lost traction over the summer, but the correction is over. Results from Mcdonald's (NYSE: MCD) and Chipotle Mexican Grill (NYSE: CMG) reveal consumer spending remains solid, and companies with brand, digital, and a focus on execution can produce results for investors.

Today's takeaway is that several competitive fast food names will report over the next few weeks and should produce similar results. McDonald’s is the fast food leader, serving up a tasty trend-following entry for dividend-growth investors. 

McDonald’s results are solid across regions and segments

McDonald’s had a strong quarter with strong results in all regions and segments. The company produced 14% top-line growth for revenue of $6.69 billion, 200 basis points better than expected. The top line also outpaced Chipotle’s 11% growth due to its exposure to international markets.

MCD grew 8.3% in developing and 10.5% in developed markets, which is good news for names like Wendy’s (NASDAQ: WEN), which targets international growth and Arcos Dorados (NYSE: ARCO), McDonald’s Latin American franchisee. 

McDonald’s core US market grew by 8.1%, led by digital, marketing, and price leverage. Jack in the Box (NASDAQ: JACK) and Restaurant Brands International (NYSE: QSR) may share this strength because they have been working on domestic/North American expansion. Regarding digital, it accounts for 40% of McDonald’s net sales in the top-9 markets, which aligns with the 36.6% systemwide digital contribution posted by Chipotle.

The only other US operator that stands out for digital is Jack in the  Box, which reports earnings in mid-November. The analysts have been lowering the bar for Jack, setting it low, expecting sequential and YOY decline. 

McDonald’s also posted strength on the bottom line with adjusted earnings of $3.19. The $3.19 is $0.20 is 670 bps better than expected and up nearly 20% compared to last year.

The strength is due to revenue leverage and operational quality, which is expected to persist. The company gave no guidance in the press release, but the CEO's commentary is favorable. Mr. Kempczinski says the year is unfolding per their expectations, and the company is in a position of strength.

McDonald’s raises dividend; analysts forecast 25% upside 

McDonald’s is a healthy dividend and attractive for income growth investors. The stock yields about 2.55%, with the 10% increase authorized in Q3. The payout ratio is about 54% of the earnings and is balanced by a healthy balance sheet. The company is on track to reach Dividend King status within the next few years, so there is every expectation that annual increases will continue.

The only downside is the price tag; the 22X P/E multiple is high for the group, but you get stability in return. 

Jack in the Box is the deepest value trading at 10X earnings, and it pays 2.8%, attractive for value-hungry investors, but there is risk in its less-recognizable brand. Restaurant Brands International pays more than 3.25%, with shares trading at 20X, offering a higher yield but also with more risk.

The highest yield is Wendy’s at 5%, trading at 19X earnings. This stock has the highest risk regarding the dividend. Still, management said the latest increase showed their confidence in the company’s strategy, and targeted earnings growth would soon be a reality. 

The technical outlook: McDonald’s fires trend-following signal

McDonald’s price action surged 3% in pre-market trading to extend a rebound that began before the Q3 release. The rebound is leading fast food stocks higher and confirms support at the 24-month uptrend line, consistent with the long-term uptrend. This EMA has produced trend-following bounces over the last 4 years and should lead to a substantial rally in share prices.

MACD and stochastic align with this move and show potential for a significant shift in momentum with ample room for the price action to run. A move to the analysts’ consensus target is worth 25% and would put the market at a new all-time high. 

McDonalds Stock Chart

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