In public markets, the FOCUS Carrier-Focused Telecom Technology Index (CFTTI) suffered a modest downturn in our summer reporting period, dropping 2.4% in the past three months. This broke a streak of two reporting periods with solid gains and underperformed both the 0.3% drop in the S&P 500 and the 2.3% gain in the NASDAQ over the corresponding period. Even with this period’s decline, the CFTTI still experienced a strong 12-month gain of 21.8%. This outpaced the annual gain in both the S&P 500 and NASDAQ. Sector multiples are up from a year-ago as well. The revenue multiple for the CFTTI increased from 1.7x to 2.0x, and the sector EBITDA multiple expanded from 10.2x to 12.7x.
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Kahla Cooper is the Director of Marketing at FOCUS. In this role, Ms. Cooper designs and implements the overall marketing strategy. Ms. Cooper works with each industry team leader to define programs in order to promote and brand FOCUS’ suite of capabilities.
