Crown Castle is a real estate investment trust. Co. owns, operates and leases shared communications infrastructure that is geographically dispersed throughout the U.S., including the towers and other structures, such as rooftops (collectively, towers), and the route miles of fiber primarily supporting small cell networks (small cells) and fiber solutions. Co. refers to its towers, fiber and small cells assets collectively as communications infrastructure. Co.'s primary business is providing access, including space or capacity, to its shared communications infrastructure via long-term contracts in various forms, including lease, license, sublease and service agreements. We show 52 historical shares outstanding datapoints in our CCI shares outstanding history coverage, used to compute CCI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CCI market cap history over the course of time is important for investors
interested in comparing CCI's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CCI versus a peer is one thing; comparing
CCI market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CCI can fluctuate over the course of history.
With this page we aim to empower investors researching CCI by allowing them to research the CCI market cap history. |
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Video: The Importance of Market Cap
