Magic Software Enterprises is a global provider of: proprietary application development and business process integration platforms, selected packaged vertical software solutions, as well as a vendor of software services and Information Technologies (IT) outsourcing software services. Co. has two reportable business segments: software solutions (which include proprietary and non-proprietary software technology, maintenance and support and complementary services) and IT professional services. Co.'s software solutions are used by customers to develop, deploy and integrate on-premise, mobile and cloud-based business applications. Co. also provides selected verticals with a software solution. We show 7 historical shares outstanding datapoints in our MGIC shares outstanding history coverage, used to compute MGIC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MGIC market cap history over the course of time is important for investors
interested in comparing MGIC'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 MGIC versus a peer is one thing; comparing
MGIC 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 MGIC can fluctuate over the course of history.
With this page we aim to empower investors researching MGIC by allowing them to research the MGIC market cap history. |
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Video: The Importance of Market Cap
