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PKT (PKT) has 1 split in our PKT split history database. The split for PKT took place on February 07, 2011. This was a 1 for 10 reverse split, meaning for each 10 shares of PKT owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 100 share position following the split.
When a company such as PKT 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 PKT split history from start to finish, an original position size of 1000 shares would have turned into 100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PKT shares, starting with a $10,000 purchase of PKT, presented on a split-history-adjusted basis factoring in the complete PKT split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.41%|
|Procera Networks is a provider of Intelligent Policy Enforcement (IPE) solutions to mobile and broadband network operators and enterprises. Co.'s IPE solutions consist of its four main product lines: PacketLogic Subscriber Manager, which integrates PacketLogic with network management and operation systems; PacketLogic Intelligence Center, which provides the visualization of the application and subscriber intelligence gathered by deployed PacketLogic systems; PacketLogic Real-Time Enforcement Platform, which uses multiple platforms, both hardware and virtual, that runs the same operating software; and Network Application Visibility Library, which is a Deep Packet Inspection software engine. According to our PKT split history records, PKT has had 1 split.|
|PKT Split History Table|
|02/07/2011||1 for 10|
|Technology Stock Splits|
|PKT is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|