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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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Will Analyst Boost Send Lockheed Martin Shares Up, Up and Away?

By: MarketBeat

Lockheed Martin stock price

Lockheed Martin Corporation (NYSE: LMT) scored a double beat in its first-quarter earnings report. And analysts are impressed. The morning after the announcement, Citigroup, Inc. (NYSE: C) and Credit Suisse Group AG (NYSE: CS) boosted their price targets for LMT stock to $579 and $550, respectively. Either number would be a double-digit gain from the stock’s current price, which is hovering around $500 the day after earnings. 

Prior to the earnings report, shares of the defense contractor had jumped 3.8% to an all-time high of over $507 per share. Since the announcement, shares have fallen back by approximately 1.6%; that move is likely due to the pullback in the overall market.  

Analyst ratings are one way for individual and institutional investors to gauge the prevailing sentiment about a stock based on current market conditions as well as specific issues related to a particular industry. Analysts generally have access to information that many retail investors do not. So when analysts take a bullish stance after earnings, it’s because they feel confident in the company’s performance in the next 12 to 18 months.  

What Did Lockheed Martin Report? 

The company delivered earnings per share (EPS) of $6.43, which easily beat analysts' expectations of $6.06. On the top line, Lockheed posted revenue of $15.13 billion against expectations of $15.01 billion. The company also posted an 11% increase in free cash flow (FCF) to $1.3 billion. All of that FCF was returned to shareholders in the form of either share repurchases and dividends.  

The reason for the games was due to a strong gain in revenue from the company’s Space division which increased from $2.559 billion to $2.959 billion. The other three primary business units: Aeronautics, Missiles and Fire Control, and Rotary and Mission Systems, all posted slight declines in revenue for the quarter. 

However, the company did provide an initial outlook on the federal government’s initial 2024 defense budget, which is showing a 3% increase in spending. Keep in mind that Lockheed Martin is the nation’s largest defense contractor. 

The Supply Chain is Still a Challenge 

On the earnings call, management noted that there are still “pockets” of the business that are seeing supply chain challenges. The company reiterated its previous guidance that it doesn’t perceive a notable change in the current supply chain until 2024. This makes sense when you consider that the defense contractor’s business units require so many materials and components that require long lead times, such as semiconductors, rare earth elements, and specialty metals.  

Should You Buy into This Rally? 

How you answer this question depends on how you feel about the growth outlook. The ongoing war between Russia and Ukraine as well as rising geopolitical concerns, will put a floor on the company’s revenue. And although the U.S. budget will become an increasing source of intrigue, there’s no indication that either party has an appetite for making cuts that would affect a company that provides the technology that Lockheed Martin does.  

But earnings and revenue are both expected to grow at a single-digit rate in the next five years. And LMT stock is trading at about 18x forward earnings. And as the company noted, the continued growth of its free cash flow means the dividend will be solid. Currently, that dividend pays out $12 per share on an annual basis. And Lockheed has increased that dividend in each of the last 20 years.  

With all that said, this is a range-bound market. But fortunately for LMT shareholders, LMT stock is trading not only near its 52-week high, but any high after that will be a new all-time high. That compares nicely with the S&P 500, which is also trading in the upper end of its 52-week range.  

 

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