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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This Tech Stock Can Set a Multiyear High with AI-Powered Growth

Technician installing RAM stick (random access memory) to socket on motherboard

SMART Global Holdings' (NASDAQ: SGH) repositioning efforts have set it up to achieve record-high share prices soon. The company’s Q3 results aren’t perfect, but include critical details that will support the market over time. Among them are improved profitability and a return to growth supported by AI. The AI industry and the applications spawned by it need high-quality memory and LED components that SGH supplies. Although the guidance for Q4 was tepid compared to the analysts' consensus, the longer-term outlook is robust because AI is still in its earliest phases; the bulk of SGH opportunity lies ahead. 

"Our customers are looking for a trusted deployment partner to help them solve the complexity of AI, and we feel we are well positioned with our portfolio of systems, software and managed services to enable their success," said Mark Adams, CEO of SMART Global.

SGH Returns to Growth: Builds Leverage With Wider Margins

SMART Global's Q3 was mixed. The company’s revenue is down 12.7% YoY and missed the consensus by a wide margin, but there is a repositioning effort to consider. The company exited its stake in Brazilian operations earlier in the year, which is a root cause for the weakness. Additionally, SMART Global’s analysts' coverage is light, so there is little conviction in the consensus estimate. The salient details are that sequential growth persisted for a 2nd quarter on strengthening in all segments. Memory Solutions led with a gain of 10%, followed by a 6.4% increase in LED Solutions and a 2.5% rise in Intelligent Platform Solutions. 

Margin is another area of strength. The company widened its GAAP and adjusted gross and operating margins to deliver better-than-expected bottom-line results, reversing losses in the prior year. The gross margin widened by 80 bps on a GAAP and adjusted basis, while reduced spending and cost controls left the GAAP and adjusted EPS at $0.10 and $0.37, respectively.

Guidance is tepid compared to the analysts' consensus, aligning with the average outlook but favorable to investors. The company forecasts Q4 revenue in a range bracketing $325 million, which is good for sequential and YoY growth. The margin is also expected to widen and produce accelerated sequential and YoY growth.

The quarter was good for the SMART Global Holdings balance sheet. The company produced a cash-flow-positive quarter, aiding the cash build and debt reduction. The cash pile grew by roughly 25% while inventory held steady, increasing assets and total assets. Debt is down more than 10%, leaving leverage at 1.5x equity and 1.5x cash. Equity has risen nearly 100%.  

Analyst Raises Price Target for SMART Global

MarketBeat.com tracks five analysts covering SMART Global; all are bullish on this stock. The consensus target is down 10% to $30 compared to last year, but sentiment is firm at Buy, and the stock is a deep value in their eyes. Trading near $25, the stock is still 10% below the lowest analyst target, and the range is rising. The Q3 results spurred one analyst to revise its target: a $3 increase to $30, aligning with consensus. 

Institutions provide another tailwind for this market. They bought on balance in 2024 and are increasing their holdings. They own nearly 98% of the stock, which may make it difficult for the short-sellers to cover. Short interest is near 10% and sufficient for a short-covering rally if not a squeeze. 

SGH stock is up strongly in premarket trading and could move higher. The premarket gains have the market at a new high, but there is a risk of resistance at $27.50, the low end of the analysts' range. That target aligns with previous resistance and may cap gains. If so, SGH stock will remain range-bound until later in 2024 or early in 2025. If not, a move above $27.50 would indicate a shift in market sentiment that should get this market up to the $30 level. 

Smart Global Holdings SGH stock chart

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