FTI Consulting, Inc. FCN yesterday announced the appointment of Colin McCafferty as a senior managing director to its wholly owned investment-banking subsidiary FTI Capital Advisors. McCafferty will join with his investment-banking team from McCafferty & Company, which he founded in 2006.
McCafferty is experienced in strategic consulting services, financial advisory, M&A (both sell-side and buy-side), private placements, valuation and restructuring assignments. He and his team have expertise in the areas of digital media, television and film production, broadcasting, advertising technology, and augmented and virtual reality.
FTI Consulting has said that their addition bolsters FTI Capital Advisors’ telecommunications, media and technology experience.
The new appointment is a part of FTI Consulting’s ongoing investments in the broader telecommunications, media and technology offerings globally. The company has acquired certain assets of Delta Partners and appointed Albert Leung and Harvind Raman as managing directors in the Telecom, Media & Technology industry practice in San Francisco, in July, as part of these investments.
Notably, FTI Consulting’s shares have declined 6% over the past six months, against the 51.1% rally of the industry it belongs to.
Zacks Rank and Stocks to Consider
FTI Consulting currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader Zacks Business Services sector are TeleTech Holdings TTEC, BG Staffing BGSF and Elastic N.V. ESTC. While TeleTech and BG Staffing sport a Zacks Rank #1 (Strong Buy), Elastic carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The long-term expected earnings per share (three to five years) growth rate for TeleTech, BG Staffing and Elastic is 12%, 20% and 26%, respectively.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Click to get this free report
FTI Consulting, Inc. (FCN): Free Stock Analysis Report
BG Staffing Inc (BGSF): Free Stock Analysis Report
Elastic N.V. (ESTC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.