In public markets, after having a difficult time in our spring reporting period, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) rebounded in our summer report to turn in a three month gain of 3.3%. While certainly respectable, this gain lagged the broader indices by a wide margin as the S&P 500 and NASDAQ gained 8.5%… Read more »
In public markets, after the difficulties faced by the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) in our winter reporting period, it was a relief to see the index bounce back to post a strong gain in the spring. The EFTTI jumped 10.2% in the three-month period, significantly higher than both the 6.4% gain in the… Read more »
The FOCUS Communications Service Provider Index (CSPI) jumped 11.1% in this most recent three-month period. This marked the index’s second straight reporting period of robust gains. The performance of the CSPI looked even stronger compared to the performance of the broader market indices. The S&P 500 was only up 0.8% during our spring reporting period,… Read more »
The latest issue of the FOCUS Government, Aerospace, and Defense Group Report — highlighting aerospace and defense — is now available. The new GAD Report includes: Major Q1 2016 Deals in the GAD Sector Performance: S&P 500 vs. GAD (04/06/2015 – 04/01/2016) M&A Activity in the GAD Sector GAD M&A Transactions by Quarter (Q4 2014… Read more »
In this issue, we present our own targeted data, with a recap of healthcare M&A market activity and details of significant Healthcare M & A transactions since the date of our last report. While federal regulatory pressures seem poised to further dampen the mega deal activity, by all reports strategic interest in good middle market… Read more »
In public markets, the FOCUS Telecom Business Services Index (TBSI) held up extremely well in our spring reporting period despite some choppiness in the overall market. The TBSI was up 5.7% for the three-month period, far exceeding the 0.8% gain in the S&P 500 and the 2.7% drop in the NASDAQ. The TBSI also has… Read more »
In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) had a rough go of it over the past three months. The CFTTI dropped 8.2% over this time frame with every single sub sector in negative territory for the period. The only consolation was that the CFTTI’s performance was only somewhat worse than the 7.1%… Read more »
In public markets, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) fell off the proverbial cliff this period with a whopping three-month loss of 15.3%. This drop was significantly more than both the 6.7% loss in the S&P 500 and the 8.7% loss in the NASDAQ over the corresponding time period. Losses were broad-based, with every… Read more »
After facing difficulties in our fall report, the FOCUS Communications Service Provider Index (CSPI) rebounded for our winter reporting period. The CSPI posted a gain of 4.2% for the three-month period. While this gain was certainly respectable, the CSPI still lagged both the 6.5% gain in the S&P 500 and the even larger gain of… Read more »
In public markets, while the FOCUS Telecom Business Services Index (TBSI) managed to get back to a positive return for our winter reporting period, it did so by a relatively slim margin. The TBSI gained only 0.5% over the past three months. This significantly trailed both the 6.5% gain in the S&P 500 and the 8.4% gain in the NASDAQ over the same time frame. The TBSI had a mixed performance compared to the broader indices for the full year of 2015. The TBSI’s 2.1% gain for the year compared favorably to the 0.7% drop in the S&P 500 but lagged the 5.7% gain in the NASDAQ…
While not quite as strong as our fall reporting period, the final three months of 2015 were still an active time for M&A with 38 total transactions. Once again, we failed to see a signature large transaction in the period, and total announced transaction dollar volume for the past three months was only $144 million. For the full year, the 155 announced transactions in 2015 made this the most active year for M&A in any of the last five.