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

 

Carl Icahn Takes Major Position in Caesars Entertainment

Caesars Entertainment stock forecast

Activist investor Carl Icahn has made headlines again with a significant position in casino operator Caesars Entertainment (NASDAQ: CZR). This revelation caused a notable surge in Caesars' stock, which jumped 15% following the announcement. While the exact size of Icahn's stake remains undisclosed, his involvement has reignited interest and speculation around the company.

Icahn's history with Caesars is well-documented. In February 2019, he disclosed a 9.78% stake and urged the company to consider a sale after it rejected a merger proposal by Tilman Fertitta, owner of Golden Nugget Casinos. Icahn’s push led to significant changes, including appointing three new directors to Caesars' board and the eventual sale to Eldorado Resorts for $8.5 billion in cash and stock in July 2020. Despite having dissolved his stake post-merger, Icahn's renewed interest signals potential strategic moves on the horizon for Caesars Entertainment.

Analysis of Caesars Entertainment

Caesars Entertainment, Inc., founded in 1937 and based in Reno, Nevada, operates as a leading gaming and hospitality company. It manages properties in 18 states, featuring slot machines, video lottery terminals, e-tables, hotel rooms, and table games like poker. 

Additionally, Caesars conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions. The company's portfolio also includes dining venues, bars, nightclubs, lounges, hotels, and entertainment venues, along with providing staffing and management services.

Despite its extensive operations, Caesars has faced financial challenges recently. On April 30th, 2024, the company reported disappointing first-quarter earnings with a $0.55 per share loss, missing the consensus estimate of a $0.03 loss by $0.52. Revenue for the quarter was $2.74 billion, falling short of analyst expectations of $2.82 billion. These results highlight ongoing difficulties, particularly in the Las Vegas segment, which has been affected by low table hold.

Caesars Technical View and Analysts' Perspectives

From a technical analysis standpoint, Caesars' stock has been underperforming the sector and the overall market, down 24.15% year-to-date and over 20% over the past year. 

Despite this weakness, analysts remain optimistic. Based on fourteen analyst ratings, the stock holds a moderate buy rating, with a consensus price target of $55.07, suggesting a potential upside of 55%. Despite recent setbacks, this bullish outlook reflects confidence in the company's long-term prospects. It’s worth noting that the moderate buy rating placed on CZR is in line with the consensus for Consumer Discretionary Companies and above the consensus S&P 500 rating.

The recent involvement of Carl Icahn has provided some relief, pushing the stock up nearly 10% for the week. However, Caesars remains in a significant downtrend. A shift in trend and momentum will require the stock to reclaim the $38-$40 range convincingly. Further confirmation of a turnaround would be achieving and maintaining the 50-day SMA and, ultimately, the 200-day SMA near $44. The stock is currently 41% below its 52-week high, but Icahn’s engagement might be the catalyst for a potential rebound.

The Bottom Line

Carl Icahn's renewed interest in Caesars Entertainment has sparked significant attention and optimism. One example of this is the stock's average volume compared to Friday's total. On Friday, CZR traded a whopping 26.1 million shares off the back of the news, compared to its average daily volume of just 3.5 million.

While the company faces fundamental and technical challenges, the activist investor's history of strategic moves and the current bullish analyst sentiment suggest a potential for a turnaround. Investors will closely watch if Caesars can break its downtrend and capitalize on Icahn's involvement to achieve sustained growth.

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.