![](https://focusbankers.com/wp-content/uploads/2023/07/Carrier_Focused_Telecom_Technology.jpg)
In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) was relatively flat in our summer reporting period, dropping 0.3% in the past three months. This underperformed both the 2.0% gain in the S&P 500 and the 6.4% gain in the NASDAQ over the same time frame.
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