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FSNN (FSNN) has 1 split in our FSNN split history database. The split for FSNN took place on May 07, 2018. This was a 2 for 3 reverse split, meaning for each 3 shares of FSNN owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 666.666666666667 share position following the split.
When a company such as FSNN conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the FSNN split history from start to finish, an original position size of 1000 shares would have turned into 666.666666666667 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into FSNN shares, starting with a $10,000 purchase of FSNN, presented on a split-history-adjusted basis factoring in the complete FSNN split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-10.94%|
|Fusion Connect provides a suite of cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications solutions to businesses, and provides domestic and international voice services to telecommunications carriers worldwide. Co. operates in two segments: Business Services, which provides a suite of cloud-based services, including cloud communications, which encompasses cloud voice and unified communications as a service, and cloud connectivity that provides access to the cloud; and Carrier Services, which provides voice traffic termination utilizing primarily voice over Internet Protocol technology. According to our FSNN split history records, FSNN has had 1 split.|
|FSNN Split History Table|
|05/07/2018||2 for 3|
|Technology Stock Splits|
|FSNN is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
FTG Split History
Also explore: FSNN shares outstanding history
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