FOCUS Investment Banking Welcomes New Managing Director, Expanding Technology Services & Telecom Industry Groups
Washington, DC, (February 7, 2024) – FOCUS Investment Banking (“FOCUS”), ...
FOCUS Telecom Business Services Quarterly: Winter 2024 Report
Public Markets The FOCUS Telecom Business Services Index (TBSI) delivered ...
FOCUS Investment Banking Represents MasterStream in its Sale to Connectbase
Washington, DC, (January 5, 2024) – FOCUS Investment Banking (“FOCUS”), ...
FOCUS Telecom U.S. Communications Service Provider Quarterly: Fall 2023 Report
The FOCUS Communications Service Provider Index (CSPI) was in the red for the second straight reporting period as it dropped 0.9% in the past three months. On the bright side, the sector still managed to outperform both of the broader indices as the S&P 500 dropped 3.7% and the NASDAQ dropped 4.1% over this same time period. The CSPI is still up double digits compared to this time last year with a gain of 11.5%. While strong, this increase actually compares unfavorably to the broader indices, each of which boasted increases in the neighborhood of 20%. Sector multiples ended the period at 2.4x revenue and 6.3x EBITDA. Both of these represent increases from year-ago multiples of 2.2x revenue and 5.7x EBITDA.
FOCUS Telecom Business Services Quarterly: Fall 2023 Report
Public Markets The FOCUS Telecom Business Services Index (TBSI) returned ...
FOCUS Telecom Technology Quarterly: Fall 2023 Report
The FOCUS Telecom Technology Index (TTI) jumped up 9.7% in the most recent three months. This outperformed both the 7.8% gain in the S&P 500 and the 8.5% gain in the NASDAQ. However, the situation is reversed for the 12-month period as the 11.9% gain in the TTI lagged the 14.0% gain in the S&P 500 and the 18.8% gain in the NASDAQ. Sector multiples trended higher compared to this time last year, but only by a relatively small margin. The TTI’s revenue multiple increased from 2.4x a year ago to 2.5x currently, while the EBITDA multiple went from 13.1x to 13.7x over the same time period.
Software Synergy Case Study
Software Synergy, Inc. (“SSI”), a provider of automated, intelligent network-wide routing and optimization solutions for the planning and management of communications service provider networks, in its acquisition by TEOCO. This case study highlights the unique process of this transaction.
FOCUS Investment Banking Named #1 Lower Middle Market M&A Advisor In Q2 2023
Washington, DC, (July 27, 2023) – FOCUS Investment Banking (“FOCUS”) ...
FOCUS Telecom U.S. Communications Service Provider Quarterly: Summer 2023 Report
The FOCUS Communications Service Provider Index (CSPI) snapped its streak of positive returns as the sector dropped 3.6% in our summer reporting period. This was despite a strong overall market backdrop that propelled the S&P 500 up 8.3% and the NASDAQ up 12.8% over the corresponding time period. The CSPI also compares unfavorably to the broader indices over the full year time frame. The sector is down 18.7% compared to this time last year, while the S&P 500 and NASDAQ are up 17.6% and 25.0%, respectively. Multiples ended the period at 2.3x revenue (down from 2.5x a year ago) and 6.4x EBITDA (down from 6.8x a year ago).
FOCUS Telecom Business Services Quarterly: Summer 2023 Report
While its momentum slowed somewhat from our Spring report, the FOCUS Telecom Business Services Index (TBSI) still delivered a positive return with a three-month gain of 2.9%. This lagged the returns of the broader indices as the S&P 500 gained 8.3% and the NASDAQ gained 12.8% over the corresponding time period. Sector multiples are also higher compared to the year-ago period. The sector revenue multiple went from 0.9x to 1.0x, while the sector EBITDA multiple increased from 9.9x to 11.4x.
