Download the FOCUS U.S. Communications Service Provider Quarterly: Summer 2017 Report

By Kahla CooperPublished On: July 19, 2017

In public markets, the FOCUS Communications Service Provider Index (CSPI) had its second straight three-month period in negative territory, dropping 4.6% in our summer reporting period. This was despite relatively healthy gains in both the S&P 500 (up 2.6%) and the NASDAQ (up 3.9%). The difference between the CSPI and the broader indices is even more pronounced over the 12-month period. During this time frame, the S&P 500 and NASDAQ both posted double digit increases, while the CSPI actually fell 4.0%. Even with the sector’s recent drop, multiples have remained relatively steady. The sector revenue multiple remained unchanged from a year ago at 2.5x, while the sector EBITDA multiple increased slightly from 7.6x a year ago to 7.8x at the end of the current period.

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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.