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 Video: What is a Stock Split?
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| Comtech Telecommunications Corp. is a global technology company, which is engaged in providing terrestrial and wireless network solutions, next generation 911 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. It operates in two segments: Satellite and Space Communications and Terrestrial and Wireless Networks. Satellite and Space Communications segment has four technology areas: satellite modem and amplifier technologies; troposcatter and SATCOM solutions; space components and antennas, and switch technologies. According to our CMTL split history records, Comtech Telecommunications has had 3 splits. | |
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Comtech Telecommunications (CMTL) has 3 splits in our CMTL split history database. The first split for CMTL took place on August 02, 1999. This was a 3 for 2
split, meaning for each 2
shares of CMTL owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. CMTL's second split took place on July 15, 2003. This was a 3 for 2 split, meaning for each 2 shares of CMTL owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. CMTL's third split took place on April 05, 2005. This was a 3 for 2 split, meaning for each 2 shares of CMTL owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as Comtech Telecommunications 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 CMTL split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Comtech Telecommunications shares, starting with a $10,000 purchase of CMTL, presented on a split-history-adjusted basis factoring in the complete CMTL split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$40.18 |
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| End price/share: |
$3.66 |
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| Starting shares: |
248.88 |
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| Ending shares: |
320.66 |
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| Dividends reinvested/share: |
$4.90 |
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| Total return: |
-88.26% |
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| Average Annual Total Return: |
-19.28% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$1,173.70 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/05/2014 |
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| End date: |
12/03/2024 |
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| Start price/share: |
$40.18 |
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| End price/share: |
$3.66 |
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| Dividends collected/share: |
$4.90 |
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| Total return: |
-78.70% |
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| Average Annual Total Return: |
-14.32% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$2,131.13 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 08/02/1999 | 3 for 2
| | 07/15/2003 | 3 for 2 | | 04/05/2005 | 3 for 2 |
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