Public Markets
It was a rough three months for the FOCUS Communications Service Provider Index (CSPI) as it ended the period 6.2% below where it began. This significantly underperformed both the 0.2% gain in the S&P 500 and the 0.4% loss in the NASDAQ. The CSPI also lags the broader indices in terms of year-over-year performance as its 3.6% gain compares unfavorably with both the 28.1% gain in the S&P 500 and the 29.4% gain in the NASDAQ. Sector multiples are slightly higher than they were a year ago.The sector revenue multiple ticked up from 2.8x to 2.9x, while the EBITDA multiple increased from 7.9x to 8.2x.
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.
