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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5 Must-Read Analyst Questions From Two Harbors Investment’s Q2 Earnings Call

TWO Cover Image

Two Harbors Investment’s second quarter was marked by a significant miss on both revenue and non-GAAP profit expectations, triggering a negative market reaction. Management attributed the underperformance primarily to a litigation-related loss contingency, which resulted in a pronounced impact on book value and economic return. CEO William Ross Greenberg described the period as one of “heightened market volatility not seen since last October,” compounded by unfavorable mark-to-market movements on mortgage servicing rights (MSR), swaps, and derivatives. The company also highlighted that increased market volatility and a one-time litigation accrual were the main factors behind the challenging quarter.

Is now the time to buy TWO? Find out in our full research report (it’s free).

Two Harbors Investment (TWO) Q2 CY2025 Highlights:

  • Revenue: -$12.28 million vs analyst estimates of $114.1 million (111% year-on-year decline, 111% miss)
  • Adjusted EPS: $0.28 vs analyst expectations of $0.36 (21.2% miss)
  • Market Capitalization: $1.04 billion

While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.

Our Top 5 Analyst Questions From Two Harbors Investment’s Q2 Earnings Call

  • Douglas Michael Harter (UBS) asked about the sustainability of higher leverage following the litigation reserve. Chief Investment Officer Nicholas Letica replied that the current leverage is within their historical range and will be managed based on market opportunities and capital base.

  • Bose Thomas George (KBW) questioned the expected trend in economic return versus earnings available for distribution (EAD). CEO William Ross Greenberg explained that EAD lags market movements, while return outlook reflects current mark-to-market yields, leading to differences in reported figures.

  • Trevor John Cranston (Citizens JMP) inquired about the company’s strategy for retaining or selling newly originated second liens. Greenberg said they would evaluate risk and reward in real time, utilizing whichever approach offers greater value.

  • Harsh Hemnani (Green Street) sought clarification on the shift from repo to unsecured financing. CFO William Dellal noted that the issuance of a new baby bond was to pre-fund an upcoming convertible maturity, and that changes in warehouse lines also contributed to the shift.

  • Richard Barry Shane (JPMorgan) asked about the impact of AI investments on expenses. Dellal stated that most AI-related costs would be expensed rather than capitalized, and Greenberg added that most technology solutions would be sourced from third parties with some customization.

Catalysts in Upcoming Quarters

In future quarters, the StockStory team will be monitoring (1) developments and potential resolution in the PRCM Advisers litigation, (2) the impact of Federal Reserve policy decisions on mortgage rates and RMBS spreads, and (3) measurable efficiency gains and revenue growth from ongoing AI and technology investments. Additionally, we will track the company’s ability to scale new origination products as market conditions evolve.

Two Harbors Investment currently trades at $10.01, down from $10.35 just before the earnings. In the wake of this quarter, is it a buy or sell? Find out in our full research report (it’s free).

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