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They have ~$1.1B in cash, so their true market cap is closer to $1.8B.
by 6thSigma 13y ago
They have ~$1.1B in cash, so their true market cap is closer to $1.8B.
- roin 13y agoIt sounds like you're trying to get to their enterprise value (simplified as market cap + debt - cash), but market cap is market cap (value of outstanding shares). They also own other large assets such as their building in SF. With revenue of $231M last quarter their market cap looks pretty bad. But that's expected given their trajectory.
- 6thSigma 13y agoRight, I was pointing out that their huge cash pile is a large reason for that high market cap despite their decreasing revenues.