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TNGO (TNGO) has 1 split in our TNGO split history database. The split for TNGO took place on February 10, 2003. This was a 1 for 20 reverse split, meaning for each 20 shares of TNGO owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 50 share position following the split.
When a company such as TNGO 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 TNGO split history from start to finish, an original position size of 1000 shares would have turned into 50 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into TNGO shares, starting with a $10,000 purchase of TNGO, presented on a split-history-adjusted basis factoring in the complete TNGO split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||-9.64%|
|Tangoe is a global provider of connection lifecycle management (CLM) software and services to a range of enterprises and service providers. CLM encompasses the lifecycle of an enterprise's connection-based assets and services. The core of Co.'s solution is its Matrix Solution Suite, which is an on-demand suite of software designed to manage the processes and expenses associated with the lifecycle of an enterprise's connection assets and services. Co. refers to its Matrix Solution Suite and related service offerings as Matrix. The services Co. provides include help desk, asset procurement and provisioning and carrier dispute resolution. According to our TNGO split history records, TNGO has had 1 split.|
|TNGO Split History Table|
|02/10/2003||1 for 20|
|Technology Stock Splits|
|TNGO is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:|