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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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Novavax Plunges on Earnings Miss: Falling Knife or Buying Opp?

Novavax stock price forecast

Novavax Inc. (NASDAQ: NVAX) is a biotechnology company that focuses on developing and commercializing vaccines for serious infectious diseases. Its most significant vaccine, Nuvaxovid, is for COVID-19. The hype surrounding the potential for Nuvaxovid drove Novavax shares as high as $331.68 in February 2021. However, the reality of missteps resulting in being “late to the party” caused shares to crater to $3.53 by February 2024. Shares have since surged as high as $23.86 in June 2024 on a $1.2 billion licensing deal with Sanofi (NASDAQ: SNY) before sinking under $10.00 on its Q2 2024 earnings report.

Novavax operates in the medical sector, competing with COVID-19 vaccine makers Pfizer Inc. (NYSE: PFE), Moderna Inc. (NASDAQ: MRNA) and BioNTech SE (NASDAQ: BNTX).

The Sanofi Deal That Raised Novavax Stock From the Dead

While COVID-19 has been mostly in the rearview mirror in the United States, Novavax is still trying to capitalize on its vaccines. On March 10, 2024, Novavax surprised investors and mostly the short sellers with a surprise deal with French Pharmaceutical giant Sanofi. The deal has the potential to reap up to $1.2 billion in revenues. This announcement sent shares surging from $4.20 up to $13.50 in a day.

The Deal Has Potential For Up to $1.27 Billion in Revenues

The deal comprised of an upfront payment of $500 million with the potential for $770 million contingent on achieving various development, regulatory and launch milestones. Sanofi took a 5% equity stake for $70 million in Novavax. Sanofi will license Novavax’s adjuvanted COVID-19 vaccine starting in 2025. Adjuvanted refers to the added substance Matrix-M, which is intended to boost the immune response. Sanofi will pay tiered double-digit royalties on Sanofi sales of Novavax's COVID-19 vaccine. Sanofi will also pay up to $200 million in milestone payments and mid-single-digit royalties for additional Sanofi vaccine products developed with Novavax's Matrix-M technology.

Novavax is Still Trying To Capitalize on COVID-19

The deal still enables Novavax to develop its combination COVID-Influenza (CIC) vaccine, which will start Phase 3 clinical studies. Novavax hopes to get it approved for the 2026 flu season. It also has a preclinical respiratory syncytial virus (RSV) vaccine in development. Novavax has an updated COVID-19 vaccine specifically targeting the KP.2 and KP.3 variants awaiting FDA approval. Novavax filed with Health Canada for authorization of its 2024-2025 Formula COVID-19 vaccine (NVX-CoV2705) to be used for individuals 12 and older. It's worth noting that Novavax has been operating for 35 years and only has FDA approval for its COVID-19 vaccine.

NVAX Stock Forms a Head and Shoulders Pattern

The daily candlestick chart for NVAX indicated a bearish head and shoulders pattern. This pattern is formed of 3 peaks. The left shoulder peaked at $17.40. The head is the highest peak at $23.86. The right shoulder peaked at $17.81. The neckline at $10.15 was breached on the Q2 2024 earnings gap down to $8.87, but shares surged back above the neckline to recover back to $11.60. The high 22.36% short interest likely triggered short covering. The daily relative strength index (RSI) is flat at the 42-band. Pullback support levels are at $10.15, $8.61, $7.49 and $6.00.

Novavax Underwhelms with Its Q2 2024 Earnings Report

Novavax reported Q2 2024 EPS of 9 cents, missing consensus estimates by 68 cents. Revenues dropped 2.1% YoY to $415.5 million missing consensus estimates for $415.5 million. Product sales were $19.9 million, compared to $285.2 million in the year-ago period. The FDA notified Novavax that its BLA for prototype vaccine NVX-CoV2601 was accepted for review with an action date in April 2025. Its CIC vaccine is on track to initiate a Phase 3 trial in Q4 2024.

As of January 1, 2025, Sanofi assumed primary commercial responsibility for their updated 2024-2025 formula COVID-19 vaccine (NVX-CoV2705) in the United States, Europe and selected major markets.

Novavax Cuts Guidance

Novavax anticipates lower vaccine deliveries in 2024, resulting in lowering its full 2024 revenue guidance to $700 million to $800 million, down from previous guidance of $970 million to $1.17 billion versus consensus estimates of $937.2 million.

Novavax CEO John Jacobs commented, “Rather than focus our efforts on seasonal commercial execution of a single vaccine asset, we will instead invest our time, energy and capital on the development of an expanded pipeline that uses our recombinant nanoparticle technology platform to develop new assets, focused on infectious disease and respiratory as well as potentially vaccines in other disease or areas and categories.”

Novavax analyst ratings and price targets are at MarketBeat. There are 5 analyst ratings on NVAX stock, comprised of 2 Buys, 2 Holds and 1 Sell. Consensus analyst price targets are 38% higher at $16.00. 

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