Craig Moffett, one of the top research analysts in the cable sector for more than a decade, has formed own research firm, Moffett Research.
Moffett, who spent the past 11 years as the top cable and satellite analyst at Sanford Bernstein, left that firm in January. A graduate of Brown University, he has more than 25 years experience in the telecommunications industry and has won numerous awards – he was named the top U.S. telecommunications analysts in Bloomberg’s 2012 equity research poll and has been named the No. 1 U.S. Cable & Satellite analyst for each of the past seven years in Institutional Investor Magazine’s All-America Research Team poll. Moffett has also been ranked among the top three Telecommunications analysts in the U.S. in Institutional Investor Magazine’s All-America Research Team poll each of the past three years, holding the #1 spot in 2011. Prior to joining Bernstein, Moffett was the president of Sothebys.com, the e-commerce venture of the venerable auction house. He was previously a partner at The Boston Consulting Group, where he spent 11 years and led the firm’s global telecommunications practice. He received a BA Phi Beta Kappa from Brown University in 1984 and an MBA with Honors from Harvard Business School in 1989.
“Small is beautiful,” Moffett said in a statement. “I think you’re going to see a lot of smaller boutiques like ours over the next few years. The research model is fragmenting.“
The firm anticipates it will initiate coverage of the cable and satellite sector in early June, with telecommunications sector coverage expected the following month.
Joining Moffett at Moffett Research are four former Bernstein colleagues – founding partners Patrick O’Connell, Ethan Steinberg and John Towers and senior research team member Nicholas Del Deo. General counsel, chief compliance officer and chief operating officer David Cielusniak formerly held the same titles with Conquest Capital Group.
Steinberg will lead the firm’s West Coast office. He spent 10 years in Institutional Sales at Bernstein, is a member of the California Bar and began his professional career practicing transactional law before leaving to found an educational software company. He subsequently held a number of senior sales and business development positions at venture-backed technology companies in Silicon Valley.