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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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Analog Devices Extends Rally: Signals Start to Cyclical Recovery

By: MarketBeat

photo of hand holding mobile phone displaying analog devices logo

Analog Devices (NASDAQ: ADI) share prices are surging because a trough is in place, and the outlook is robust. The FQ2 results and guidance for FQ3 aren't robust but show markets stronger than expected, and AI supports the pivot back to growth. End-market inventory normalization is expected for semiconductors in the current quarter, leading to a cyclical recovery for the business. Revenue and earnings are expected to grow sequentially in Q3, return to YOY growth in Q4, and accelerate in 2025. 

Analog Devices Stock Rockets Higher on Better Than Expected Results

Analog Devices struggled in FQ2, but the results were better than feared. The company reported $2.16 billion in net revenue for a contraction of 33.7% but outpaced the consensus estimate by 220 basis points. Weakness was seen in all end markets, led by a 45% decline in communications and a 44% contraction in Industrial. The Industrial segment accounts for more than 55% of the total, so normalization in this market is critical to long-term growth. The Automotive segment, 22% of the net, contracted by 10%, while the Consumer segment contracted by 9% and is 8% of the net.

Margin is another mixed bag of news: gross and operating margins contracted by quadruple-digit basis points on deleveraging and inventory management. However, the net results are better than feared, and the adjusted EPS is $1.40, down 50% compared to last year. That's 13 cents ahead of the consensus, outpacing the top-line strength, and results are expected to improve in FQ3. 

Guidance is favorable, continuing the trend set in Q2. The company guided revenue and EPS above the consensus targets and may exceed the forecast. The company says new orders are improving, giving them optimism a meaningful recovery is in play. Due partly to end-market normalization, the recovery is also supported by AI and the shift to the edge, where Analog Devices is a leader in data creation and connectivity. 

Analog Devices is Levered for Shareholder Success

Analog Devices uses some leverage in its operations, but the amount is insignificant. Long-term debt is less than 0.2X equity with robust cash flow to support balance sheet health despite the downturn in business. Balance sheet highlights at the end of Q2 include an increase in cash, current and total assets, offset by an increase in debt that left equity flat compared to last year. The takeaway is that dividends and share repurchases are reliable and will continue in 2024. 

The dividend is worth about 1.7%, with the stock trading near 36X earnings, a high valuation supported by the growth outlook, dividend payout ratio and high distribution CAGR. The company has increased the distribution for twenty-two years and only pays 60% of this year's earnings outlook. That figure falls to 48% versus the 2025 outlook, suggesting aggressive double-digit increases will continue, and earnings growth is expected to be sustained through 2026.  

Share repurchases are substantial. The company uses share-based compensation but more than offsets it with buybacks. Buybacks reduced the average count by 2% in FQ2 and should continue unabated. 

ADI Stock Surges to New High, Led by Analysts

The analysts set ADI stock up for its post-release surge by initiating new coverage and lifting existing price targets days before the release was due. The activity suggests a move to the high end of the expected range is likely. The high target of $254 is among the more recently set and implies another $20 or about 10% upside on top of the post-release price surge. The analysts will likely continue the trend and revise the range higher because the company indicated a pivot back to growth and expects accelerating growth. 

ADI stock chart

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