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 Video: What is a Stock Split?
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| Brocade Communications Systems is a supplier of networking hardware, software, and services, including Storage Area Networking (SAN) solutions and Internet Protocol (IP) Networking solutions for businesses and organizations of various types and sizes. Co. provides a line of networking hardware and software products and services that enable businesses and organizations to make their data centers and networks efficient, reliable, and adaptable to the changing demands of new network traffic patterns and volumes. Co. is organized into three operating segments: SAN Products, IP Networking Products, and Global Services. According to our BRCD split history records, BRCD has had 3 splits. | |
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BRCD (BRCD) has 3 splits in our BRCD split history database. The first split for BRCD took place on December 03, 1999. This was a 2 for 1
split, meaning for each share of BRCD owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. BRCD's second split took place on March 15, 2000. This was a 2 for 1
split, meaning for each share of BRCD owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. BRCD's third split took place on December 22, 2000. This was a 2 for 1 split, meaning for each share of BRCD owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as BRCD splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the BRCD split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into BRCD shares, starting with a $10,000 purchase of BRCD, presented on a split-history-adjusted basis factoring in the complete BRCD split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
11/17/2017 |
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| Start price/share: |
$5.29 |
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| End price/share: |
$12.73 |
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| Starting shares: |
1,890.36 |
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| Ending shares: |
2,008.16 |
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| Dividends reinvested/share: |
$0.65 |
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| Total return: |
155.64% |
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| Average Annual Total Return: |
23.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,560.78 |
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| Years: |
4.45 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/05/2013 |
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| End date: |
11/17/2017 |
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| Start price/share: |
$5.29 |
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| End price/share: |
$12.73 |
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| Dividends collected/share: |
$0.65 |
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| Total return: |
152.93% |
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| Average Annual Total Return: |
23.16% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,294.37 |
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| Years: |
4.45 |
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| Date |
Ratio |
| 12/03/1999 | 2 for 1
| | 03/15/2000 | 2 for 1
| | 12/22/2000 | 2 for 1 |
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