Hindsight Market

The Graveyard › 1997

Cascade Communications Corp

CSCC. · Machinery & Computers · NASDAQ · in our data July 29, 1994 to June 30, 1997 (2.9 years)

The first trading day in our data for Cascade Communications Corp is July 29, 1994 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on October 7, 1996, the market valued it at $8.1 billion. By the end it had fallen hard: the last trade was $27.62, -69.2% from its split-adjusted high. The delisting record says: delisted or deregistered.

1994-071997-06
Peak market value$8.1 billionOctober 7, 1996
Highest split-adjusted share price$89.75October 7, 1996
Last share price$27.62June 30, 1997
From its split-adjusted high to the end-69.2%
Return over the days in our data+580.0%with dividends, before the last trade
Worst single day-36.1%January 24, 1997

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1994.

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Also gone in 1997: Machinery & Computers