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ICLD (ICLD) has 1 split in our ICLD split history database. The split for ICLD took place on August 01, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of ICLD owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as ICLD 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 ICLD split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ICLD shares, starting with a $10,000 purchase of ICLD, presented on a split-history-adjusted basis factoring in the complete ICLD split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-82.83%|
|InterCloud Systems is a provider of cloud networking orchestration and automation, for software-defined networking and network function virtualization cloud environments to the telecommunications service provider and corporate enterprise markets through cloud platforms and services. Co. provides the following categories of offerings: Cloud and Managed Services, which provides integrated cloud-based solutions; Applications and Infrastructure, which includes unified communications, interactive voice response and SIP-based call centers; and Services, which include project management, network implementation, network installation, network upgrades, rebuilds, maintenance and consulting services. According to our ICLD split history records, ICLD has had 1 split.|
|ICLD Split History Table|
|08/01/2013||1 for 4|
|Technology Stock Splits|
|ICLD is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|