Public Markets
The FOCUS Telecom Business Services Index (TBSI) returned to positive territory this reporting period with a strong three-month gain of 9.0%. This put the TBSI in between the 10.7% return in the S&P 500 and the 8.3% return in the NASDAQ over the corresponding time frame. The sector looks even better over the longer 12-month time frame. The 34.6% gain in the TBSI outstripped both the 26.9% gain in the S&P 500 and the 21.4% gain in the NASDAQ. In addition, sector multiples went from 0.8x revenue and 9.4x EBITDA in the year-ago period to 1.0x revenue and 11.0x EBITDA at the end of the current reporting period.
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.
