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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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Ambarella's Stock Turning Point: AI Set to Propel Growth in 2024

Ambarella stock price outlook

Despite the market's struggles with traction, signs of an imminent rebound grow for Ambarella (NASDAQ: AMBA). The Q4 results were solid despite the YOY contraction, and the guidance catalyzed a shift among analysts. The analyst's sentiment toward Ambarella has been steady at a Moderate Buy for years, but the price target suffered ahead of the release. The consensus target fell over 20% in the last twelve months but hit bottom with the Q4 release. 

Marketbeat.com tracks three analyst revisions that favor higher share prices following the release. Two include upward price target revisions, and all targets are above the consensus. The single reiterated target of $90 is $17.50 or 23% above the consensus, which suggests a solid upside for the stock. The consensus target is already 32% above the price action, and the analysts' range suggests a deep value opportunity is still available. Ambarella stock is trading 3.5% below the analyst's lowest target, with sentiment firming and business acceleration in the forecast. 

Ambarella’s focus on low-power Edge AI computing is perfectly positioned to meet increasing demand. Low-power microchips and the software infrastructure to operate them are critical for the IoT, which relies heavily on remote devices and batteries. 

The AI industry now focuses on creating and training AI, which relies on data centers and the chips to power them—powerful NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) accelerators. Ambarella will see increasing demand as AI advances and becomes embedded in devices and the IoT. Because legacy market inventory is normalizing and AI demand is accelerating, the company should pivot back to growth and profitability in FQ3 and see its business accelerate into 2025. Forecasts for long-term growth are rising, and revenue for 2026 is projected to hit a record. 

Ambarella Has a Beat-and-Raise Quarter

Ambarella struggled in Q4 and 2023, but its efforts to help end markets correct inventory levels are paying off. The company’s $51.62 million in revenue is down 38% compared to last year but outpaced consensus by 50 basis points and was compounded by margin strength and guidance. The margin contracted slightly compared to the previous year. Still, it was less than expected, leaving the GAAP and adjusted losses better than forecast—the company’s $0.24 in adjusted losses beat by $0.09 or 2700 bps. 

The balance sheet news is decent. The company’s receivables, inventory and working capital are down but offset by an increase in cash. The cash balance is sufficient to sustain operations until profitability resumes and debt remains controllable. The company is net cash, and long-term liabilities are less than 0.2X equity, providing no red flags. 

Guidance for Q1 2024 is favorable and potentially cautious, given the rapid advance of AI. Ambarella forecasts Q1 revenue to fall compared to last year but for the contraction to narrow sharply and for sequential growth. This year, quarterly growth is expected sequentially at a low to mid-single-digit pace, with Q3 returning to YOY growth. Assuming a low single-digit sequential pace, Q3 should see revenue expand 13% to 15% YOY, and growth should accelerate into Q4. 

Ambarella stock is Ready for a Reversal 

Ambarella stock is ready to reverse and needs only a catalyst to spur the market into action. That may come with the next earnings report due in late May. Until then, the market may be capped at the top of its range near $64, where selling has been vigorous. 

The next move to $64 may produce a similar selling response, but there is risk in that outlook. With analysts' support mounting and a pivot back to growth at hand, bearish traders may be rethinking their positions. Ambarella could move outside of its range ahead of the Q1 release in this scenario but would not be cleared for a sustained rally. Critical resistance is near $68, and the top of a price gap opened in 2023. A move above that level would be bullish and open the door to a sustained rally. 

Ambarella stock price chart

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