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.

Contact Cabling Installation & Maintenance

Editorial

Patrick McLaughlin

Serena Aburahma

Advertising and Sponsorship Sales

Peter Fretty - Vice President, Market Leader

Tim Carli - Business Development Manager

Brayden Hudspeth - Sales Development Representative

Subscriptions and Memberships

Subscribe to our newsletters and manage your subscriptions

Feedback/Problems

Send a message to our general in-box

 

ZIM Integrated Shipping Services: Up 15% But Don’t Chase It

ZIM Integrated Shipping Services stock price

The answer is simple if you want to know why Zim Integrated Shipping Services (NYSE: ZIM) surged by double-digits peaking out with gains above 25%. The company issued a dividend worth $6.40 or about 25% yield, with shares trading at $25. And that is a quarterly payout, not an annual one. If you think, wow, 25% is fantastic, you’re right, it is fantastic, and like most fantasies, this isn’t one to be chased. The dividend is for real, as Marketbeat analyst Jea Yu puts it, but the dream of sustainability is not. Factors in play make this dividend less than it appears, so it may be wise to take a 2nd look before committing to the dividend payment. 

ZIM Integrated Shipping, Dividend Policy In-Play

Zim Integrated Shipping Services' dividend policy plays into the company’s health. The company is healthy and doing fine business with no debt and a cash balance to go with it, but the dividend policy is part and parcel of the deal. The company pays out 30% of its earnings quarterly in Q1-3 and then ups the payment in Q4 to make the annual payment of 30% to 50%. In this case, the company had a record-setting year and could make a substantial payment in Q4, but that is not always true. Additionally, the Q1 to Q3 payments are erratic and add volatility to the price action. 

CEO remark: "Returning cash to shareholders remains a priority for our company. We are pleased to have drawn on our strong performance to declare a fourth-quarter dividend of approximately $769 million, or $6.40 per share. In total, we will be providing shareholders dividends of $2.04 billion, representing approximately 44% of total 2022 net income."

Q4 2022 Wasn’t That Awesome 

The company set a record in 2022, but the business peaked during the year with global demand. The Q4 revenue is down 37% YOY and EPS 75% on a reduction in pricing compounded by a low-single-digit volume decline. The revenue and earnings are better than expected but point to a decline in revenue and earnings, if not profitability in 2023. Regarding profitability, the margin contracted by high-double-digits in all comparisons and it is not expected to rebound in 2023. The guidance forecasts another significant YOY decline in earnings that suggests 2023 dividends will be much smaller than in 2024. 

Mr. Glickman, ZIM Integrated CEO, concluded, "While macroeconomic uncertainties, the precipitous decline in freight rates over the past few months and the supply-demand imbalance continue to drive a challenging near-term outlook for container shipping, we are confident in ZIM's strategy and believe we will generate positive EBIT in 2023.

The ZIM Price Action Isn’t Compelling Enough

The price action in ZIM suggests a bottom may be at hand, but no bottom is in play just yet. A downtrend is in play, with the stock far above the IPO opening price. This downtrend is likely to continue until there is a bottom in the outlook for revenue and earnings, and that won’t come until the global economy turns. When that happens, it is up to inflation and the Fed, but it looks like shipping costs are at least down. Multiple news sites report a downtrend in shipping rates that have them on track to fall below the prepandemic levels. This is not good news for ZIM Integrated Shipping but may also lead to deflation in other areas of the economy. 

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.