Industry Reports

laps reading book

FOCUS Enterprise-Focused Telecom Technology Quarterly: Summer 2022 Report

-

Public Markets

Continuing its downward slide, the FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) shed 6.2% of its value over the past three months. This compared unfavorably to the broader indices as the S&P 500 was flat and the NASDAQ lost only 0.5% over the corresponding time period. The EFTTI also underperformed the broader indices over …

network devices

FOCUS Telecom Business Services Quarterly: Summer 2022 Report

-

The FOCUS Communications Service Provider Index (CSPI) dropped 12.8% in the past three months. This is the fourth straight period (a full year) where the sector suffered a negative return. Losses were broad based, with every sub sector in the CSPI in negative territory. The broader indices were also down this period with the S&P 500 and the NASDAQ falling 16.5% and 22.4%, respectively. Not surprisingly given this recent string of losses, the CSPI is deeply in negative territory for the full year period with a decline of slightly more than 31%. This decline is even larger than the substantial declines in the broader indices of 11.9% in the S&P 500 and 24.0% in the NASDAQ. Sector multiples are meaningfully lower than they were a year ago.The sector revenue multiple went from 3.1x to 2.5x, while the sector EBITDA multiple went from 8.7x to 7.1x.

FOCUS Telecom U.S. Communications Service Provider Quarterly: Summer 2022 Report

-

The FOCUS Communications Service Provider Index (CSPI) dropped 12.8% in the past three months.This is the fourth straight period (a full year) where the sector suffered a negative return. Losses were broad based, with every sub sector in the CSPI in negative territory. The broader indices were also down this period with the S&P 500 and the NASDAQ falling 16.5% and 22.4%, respectively. Not surprisingly given this recent string of losses, the CSPI is deeply in negative territory for the full year period with a decline of slightly more than 31%. This decline is even larger than the substantial declines in the broader indices of 11.9% in the S&P 500 and 24.0% in the NASDAQ. Sector multiples are meaningfully lower than they were a year ago.The sector revenue multiple went from 3.1x to 2.5x, while the sector EBITDA multiple went from 8.7x to 7.1x. DOWNLOAD TO READ MORE

FOCUS Carrier-Focused Telecom Technology Quarterly: Summer 2022

-

The FOCUS Carrier-Focused Telecom Technology Index (CFTTI) did not escape from the overall market carnage and dropped 15.8% in our summer reporting period. This decline was steeper than the drop in both the S&P 500 (down 5.5%) and the NASDAQ (down 12.1%). This period’s declines were also enough to push the sector into negative territory for the full year. The CFTTI is now down 15.7% compared to this time last year, which once again compares unfavorably to the 1.7% drop in the S&P 500 and the 12.1% drop in the NASDAQ. Sector multiples continued to decline. The sector revenue multiple dropped from 2.6x a year ago to 2.1x currently, and the sector EBITDA multiple fell from 12.8x to 10.2x over the same time frame.

Supply Chain Technology and Logistics Index – Spring 2022

The logistics industry has gone through a tremendous amount of turmoil since March 2020 and the volatility continues. Business owners are thinking about major players in the market, trends and how to stay competitive. Our quarterly report begins to address these topics.
laps reading book

FOCUS Enterprise-Focused Telecom Technology Quarterly – Spring 2022

Telecom Investment Banking

-

Public Markets

The FOCUS Enterprise-Focused Telecom Technology Index (EFTTI) continued its downward slide with a loss of 8.4% in the past three months. This performance was essentially in-line with the 8.5% loss in the S&P 500 but better than the 13.4% drop in the NASDAQ over the corresponding time period. The EFTTI is also in negative territory for the full year with a decline of 6.4%. This underperformed the 1.2% dip in the S&P 500 but outperformed the NASDAQ’s 11.7% decline. Compared to this time last year, the sector revenue multiple dropped from 6.3x to 5.4x.The sector EBITDA multiple also declined, but at a much more modest rate as it went from 24.0x a year ago to 21.8x currently.