Cumulus Media is a holding company. Through its subsidiaries, Co. is an audio-first media company delivering content to listeners with local programming through an owned-and-operated radio stations; delivers nationally-syndicated sports, news, talk, and entertainment programming; and inspires listeners through the CUMULUS Podcast Network, its network of podcasts that are thought-provoking. Co. provides advertisers with personal connections, local impact and national reach, as well as integrated digital marketing services, influencers, full-service audio solutions, industry-leading research and insights, and live event experiences. We show 26 historical shares outstanding datapoints in our CMLS shares outstanding history coverage, used to compute CMLS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CMLS market cap history over the course of time is important for investors
interested in comparing CMLS'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 CMLS versus a peer is one thing; comparing
CMLS 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 CMLS can fluctuate over the course of history.
With this page we aim to empower investors researching CMLS by allowing them to research the CMLS market cap history. |
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Video: The Importance of Market Cap
