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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.
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  • 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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Workday: Another AI Winner Melting-Up

Workday stock price sign

A melt-up is happening in the tech market, and Workday (NASDAQ: WDAY) is among the early winners. The melt-up is driven by artificial intelligence (AI) and has already produced spectacular gains for companies like NVDA (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Marvell Technology (NASDAQ: MRVL) and even Workday. If you’re thinking, Workday has nothing in common with the chip makers, you are right. The thing in common is AI and Workday is well-positioned to be long-term leader in the space. 

"Workday had a strong first quarter, underscoring the value proposition of the full Workday platform combined with our unique approach to artificial intelligence and machine learning," said Aneel Bhusri, co-founder, co-CEO, and chair, of Workday.

While chip makers will see the earliest boom, AI services will see a larger and more sustained boom and eventually become the market's largest segment. What this means for Workday investors is an AI-driven melt-up now and then a sustained uptrend later. There will be some volatility between now and then, so investors should not chase prices but wait for pullbacks to buy into the stock. 

Workday Works Out Another Winning Quarter 

Workday had a good quarter, but the guidance got the market moving. The company’s $1.68 billion in revenue is up 17.5% compared to last year and beat by $0.010 billion, but the guidance is even better. The guidance assumes a slowdown in subscription revenue growth to 18% compared to the Q1 20.1%, but this is well above expectations and driven by an increase in large and long-term clients. The subscription backlog, an indicator of future revenue, grew by 31.6%, with 24-month subs up nearly 23%. 

The margin news is also good. The company reported a GAAP operating margin of -1.2% with EPS of $0.00, bettering a loss posted in the previous year. The adjusted operating margin improved by 340 basis points to 23.5% and delivered EPS of $1.31, more than double the previous year and $0.19 better than expected. The takeaway is that revenue and margin guidance is better than expected and is driving a significant reevaluation of the stock. 

The company has 29 analysts with current ratings on Marketbeat’s analysts-tracking page, so the analysts' sentiment is a powerful driver for this market. The analysts have the stock pegged at a Moderate Buy, and at least 14 of them raised their price targets following the Q1 release. The activity has the consensus figure trending higher after hitting the bottom last quarter and moving upward quickly. The bulk of new targets is in the range of $240 to $260 compared to the $223 consensus figure, which is only a few hundred bps above the current price action. The $240 target offers an 11% upside; the consensus figure should be expected to trend higher over the year. 

Institutions Help Workday Bottom

The price action in Workday hit a low in 2022 due to heavy amounts of institutional selling that ceased in 2023. The institutions have been buying since the first of the year, if lightly and have helped the market to rally up to this point. The guidance should keep them in the market, assuming this is so the stock should continue to trend higher in the near term. 

The chart favors higher share prices and may result in some rapid action, including the potential for price gaps. This could result in day-to-day volatility, and there is a chance that resistance will cap gains. The critical point is near $220; if the market can get above that level, it could retest the all-time high. 

Workday stock chart

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