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

 

Why Investors Aren’t Kicking Up Their Heels Over Boot Barn Stock?

Boon barn stock price store front

Boot Barn Holdings, Inc. (NASDAQ: BOOT) delivered mixed fourth-quarter earnings on May 17, 2023. The specialty retailer that offers footwear, apparel, and accessories with a western theme beat expectations on the bottom line. Earnings per share (EPS) of $1.53 beat expectations of $1.45. The number also beat on a year-over-year basis. 

But the top line gave investors a more mixed picture. The company delivered $425.70 million in revenue, missing expectations for $441 million. And even though the revenue was higher on a year-over-year basis, the company is not expecting it to stay that way. 

Once again, it’s all about the guidance. Boot Barn is projecting first-quarter revenue for the quarter ending June 30, 2023 to come in between $357 million and $364 million. The high end of that guidance would still fall short of estimates by 0.5%. 

And the company offered a similar picture for earnings. Earnings per share for the upcoming quarter are expected to be in a range of 79 cents to 85 cents per share. That’s far below the $1.26 that Boot Barn delivered in the same quarter in 2022. 

The Yellowstone Effect May be Winding Down

Yellowstone is one of the most popular shows to attract viewers in recent years. The show’s western theme is an ideal showcase for individuals who want to channel their inner cowboy. The show debuted in June 2018. BOOT stock was changing hands at around $21 a share. 

Fast forward five years and BOOT stock is up nearly 175% and that’s down about 50% from its high in December 2022. And in the middle of that time was a global pandemic that saw millions of consumer flocking to streaming services as one of their forms of entertainment. 

Of course, the “Yellowstone Effect” is hard to prove, but the show is said to be wrapping up at the end of this season. And so it is that the company is facing a much different economic landscape for its consumers.

This was reflected in the company’s most recent 10-K filing. The first item under “Risks Related to the Business” was “Our sales could be severely impacted by decreases in consumer spending due to declines in consumer confidence, local economic conditions in our markets or changes in consumer preferences.”

I understand, and you should too, that most of what is in the “risk” section of a 10-K is boilerplate language that gets carried over from one filing to the next. But in this case, there is some truth to what the company is saying. Consumer confidence as pointed out by the University of Michigan survey is low. And consumer demand - particularly for discretionary items - is weakening. 

Should You Buy This Dip on BOOT Stock?

Your answer will depend on how much you believe in the analysts, because they’re still bullish on BOOT stock. Since the earnings report several analysts have lowered their price targets. But the MarketBeat Boot Barn analyst ratings show that several of those targets are still above the consensus estimate of $88.40 which is a 33% upside for the stock. Plus, Boot Barn is attractively valued at only 13x forward earnings. The stock also has a low debt-to-income ratio. 

On the other hand, short interest in the stock is up about 10% in the last month and the stock has a beta of over 2.5. That means investors should expect some near-term volatility, particularly if the Fed keeps interest rates at elevated levels. Or, as at least one Fed official suggests, if the Fed continues to raise rates throughout 2023. 

BOOT stock tested its January low after earnings but bounced higher. If you believe that the stock has found a bottom, it may be time to get in. But if you believe that this recession will be nastiere than expected, there are two areas to watch. The first is an area around $159 which was where the stock traded in mid-December or its November 2022 low of around $152.

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.