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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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Dividend King Genuine Parts Company Upgraded On Profit Guidance

Genuine Parts Company stock price

 Genuine Parts Company (NYSE: GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. The release reaffirmed the dividend king and its 2023 targets and gave a long-term forecast well above the Marketbeat.com consensus. The company expects earnings for 2023 to fall into a range bracketing the consensus, but the 6-7% 3-year revenue CAGR and 10-11% expected earnings are not. On the top line, the guidance is more than $1.5 billion above expectation at the low end of the range; that’s a difference of 6% and is compounded by an EPS target above consensus—great news for the dividend. 

"We are building on our strong momentum and investing in our businesses to create value and unlock the power of One GPC," said Paul Donahue, Chairman and Chief Executive Officer. "Our rich culture, global scale and strategic execution provide us with unique opportunities for profitable growth and strong cash flow, and we are excited for the future of Genuine Parts Company."

The Analysts' Chatter Is Already Perking Up 

The guidance is already spawning new targets from the analyst, and more can be expected. The first to show up on Marketbeat’s analyst tracking page comes from Truist, which upgraded the stock to Buy from Hold and gave a price target of $186. That’s about 20% above the pre-announcement price and well above the consensus target. 

“In our view, elevated vehicle prices will continue to force consumers to invest in maintaining/repairing their existing vehicles rather than purchasing something else,” said Truist analysis Scot Cicarelli. “In addition, we believe same-SKU inflation will likely surprise to the upside in ’23, providing incremental upside sales potential.”

The consensus is a Hold, weakening ahead of the release despite upward pressure in the price target. The consensus price target is trending upward but assumes the stock is fairly valued at the current levels. Assuming the analysts continue to up their targets and ratings due to the new guidance, we can assume the Hold rating will firm, and the price target will continue to support the price action. 

The institutional activity has been mixed over the last year, but they are buying on balance, and their purchases hit new heights in Q1 2023. This brings total ownership up to 78% and growing, with names like B. Riley Wealth Advisors making multiple purchases during the quarter. 

Autoparts Retailers Have Strong Q1, Affirm GPC Targets 

Auto parts retailers like Autozone (NYSE: AZO), Advance Auto Parts (NYSE: AAP), and O’Reilly Automotive (NYSE: ORLY)  all released q1 reports that back up the outlook for GPC. They all beat on the top and bottom lines due to volume and prices that have profits outpacing the consensus estimates. This strength in business is expected to continue, although the strength in results may be getting priced into the stocks. 

Shares of Genuine Parts Company have corrected ahead of the investor day event but may have already hit bottom. The risk is that price action is muted following a heavy down day and has formed a questionable signal. The signal pattern is a Harami, meaning change or continuation. If the market can not hold the current level, a move to $148 or lower is possible. If support is confirmed at this level, shares of GPC should trend sideways in consolidation until more news is available. 

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