Public Markets
For the second straight reporting period the FOCUS Communications Service Provider Index (CSPI) posted a solid gain. The sector was up 5.6% over the past three months. However, the CSPI also lagged the broader indices again, as the S&P 500 gained 8.5% and the NASDAQ gained 11.0% over the corresponding time frame. The CSPI is also trading lower than it was a year ago with a 12-month loss of 4.5%. Sector multiples remained essentially constant compared to last year. The sector revenue multiple held steady at 2.8x, while the sector EBITDA multiple ticked down slightly from 8.0x a year ago to 7.9x currently.
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.
