About Us

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

 

My Watchlist
Indicators
Cabling Market Index
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Zillow’s Stock Is Hot...The Housing Market Is Not

By: MarketBeat

Zillow stock price outlook

Up more than 70% this year, Zillow Group, Inc. (NASDAQ: ZG) is one of the hottest technology stocks — and yet it's not exactly making a big splash.

In a market focused on artificial intelligence (AI), semiconductors, cloud software and cryptocurrency winners, real estate tech players are quietly having themselves a year. Opendoor Technologies shares have risen more than 300%. Redfin has nearly quadrupled.

The group’s unlikely surge comes at a time when the U.S. housing market looks far from healthy. This suggests that investors are getting way out in front of a potential 2024 real estate recovery. It could also mean that with mega tech names posting huge year-to-date gains, a rotation to depressed tech areas are responsible for much of the gains. 

To be fair, Zillow has had some positive developments. First quarter sales and profits, while down significantly year-over-year, were much better than feared. The residential and mortgage businesses are hurting but a growing rental business is keeping things respectable.

Another reason Zillow is catching a steady bid — it’s been tagged as an AI play. Earlier this year, the company launched an AI-powered search feature, the first of its kind in online real estate. The natural language tool lets users search for a home with a detailed phrase instead of fumbling through a series of filters. With the market clamoring for all things AI-related, it’s no surprise that Zillow shares have been bid up by more than $10 since then. In May 2023, Zillow followed up the offering with a ChatGPT plug-in that has refreshed the market’s appetite for the stock.

In addition to the AI boost, Zillow is benefiting from a string of Wall Street upgrades. This week, three firms upgraded to Buy. Among them was Piper Sandler, which lauded Zillow’s 1) market share gains in the Premier Agent segment and 2) new add-on products like the ShowingTime+ tours and appointment setting tools. The firm also noted a possible housing market bottom that could lead to sequential improvements heading into next year.

What Is the Status of the Housing Market?

The domestic housing market has weakened throughout the course of the year. Last week, the average 30-year fixed mortgage rate climbed to 6.81%, its highest level in months. At the same time, existing home sales prices are increasing. With both of these key barometers trending back toward summer 2022 highs, it's no surprise that sales volumes and mortgage applications are down sharply since the start of the year. 

Given mortgage rates are approaching 7% and median home prices closing back in on $400,000, it's too early to call a housing market bottom. It feels especially early, considering we are not out of the woods with Fed interest rate hikes. Further increases could very well push mortgage rates to new highs and make homeownership less affordable for more Americans.

Will Zillow Stock Keep Trending Higher?

Zillow has recovered nearly 80% from its October 2022 low. While there are good reasons for the move, the rally is starting to look overdone. The real estate tech leader deserves a somewhat higher market value for exceeding Q1 expectations, riding the AI growth wave and improving Street sentiment. But absent a clearer housing market outlook, it's hard to justify further upside. 

Even based on higher 2024 earnings per share estimates, Zillow is expensive at 34x. The S&P 500 is trading around 18 times its 2024 earnings forecast. 

Zillow also looks stretched in terms of technical analysis. The Bollinger Band indicator for one, is well outside its upper boundary. Trading volume is fading on the way up.

The $51 consensus price target also points to little upside (if not downside) at this stage. Of course, upward price target revisions could occur if one or more of the following unfold: 1) signs of cooling home prices and/or lower mortgage rates, 2) breakout Q2 results on August 2nd, or 3) more AI-based product rollouts. 

But until housing market fundamentals improve, it's best to window shop from the curb with Zillow.

More News

View More
Pfizer is Locking in New Growth Through a New Acquisition
Via MarketBeat
Topics Artificial Intelligence
Tickers MTSR PFE
Copper Giant Freeport Slumps but Analysts See 33% Upside
Via MarketBeat
Tickers FCX SCCO
The BYD Opportunity: Tesla-Like Growth at a Fraction of the Price
Via MarketBeat
Topics Electric Vehicles
Tickers BYDDY LI TSLA
3 Reasons CoreWeave Could Be the Hottest AI Stock in Q4
Via MarketBeat
Topics Artificial Intelligence
Tickers CRWV NVDA
Accenture: Undervalued GenAI Leader or Snake Eating its Own Tail?
Via MarketBeat
Tickers ACN IBM
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.