Download the FOCUS U.S. Communications Service Provider Quarterly: Fall 2018 Report

By Kahla CooperPublished On: October 17, 2018

In public markets, after two successive reporting periods of negative returns, the FOCUS Communications Service Provider Index (CSPI) reversed course and delivered a solid three month gain of 7.1% in our fall reporting period. This was essentially in-line with the 7.2% gain in the S&P 500 and the 7.1% gain in the NASDAQ over the corresponding time frame. The CSPI still trails the broader indices by a wide margin for the full year period. Whereas the S&P 500 and the NASDAQ boasted 12 month gains of 15.7% and 23.9%, respectively, the CSPI was actually down 5.2%. Despite this decline, sector multiples are still slightly higher than they were a year ago. The sector revenue multiple rose from 2.5x to 2.6x, and the sector EBITDA multiple increased from 7.7x to 8.1x.

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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.