Schneider Electric SE (SU) Increases 0.58% on Nov 24
November 24, 2017 - By Clifton Ray
Shares of Schneider Electric SE (EPA:SU) last traded at 72.22, representing a move of 0.58%, or 0.42 per share, on volume of 289,202 shares. After opening the trading day at 71.76, shares of Schneider Electric SE traded in a close range. Schneider Electric SE currently has a total float of 556.70 million shares and on average sees 1.24M shares exchange hands each day. The stock now has a 52-week low of 61.1 and high of 75.94.
CAC 40: A Thriving European Index
Europe is undeniably home to some of the largest and fastest-growing economies in the world. That being said, it is interesting to know more about some of its pride, specifically France.
In an attempt to maximize and build on the economy of the European Union (EU), the Euronext was formed in 2000 when the Paris Bourse, the Brussels Stock Exchange, and the Amsterdam Stock Exchange had merged. In 2002, the Bolsa de Valores de Lisboa e Porto (BVLP) was included to the Euronext. This had led to the creation of one of the biggest consolidated stock exchanges in the world; and the rest, as they say, is all history. And now it helps Schneider Electric SE to attract more clients.
Today, the Euronext is the pan-European stock exchange situated in Amsterdam, Brussels, Lisbon, London, and Paris. With more than 1,000 publicly traded companies within its network, the Euronext has a market capitalization of roughly €2.60 trillion as of the first quarter of 2014. The most watched indices of the Euronext include AEX, AScX, BEL 20, CAC 40, Next 150, PSI 20, among others. Investors are carefully watched changes inside Schneider Electric SE.
The CAC 40
Euronext Paris is the primary stock exchange in France. The CAC 40, which derives its name from CotationAssistéeenContinu— a former automated trading system, is its benchmark index.
Unlike the Dow Jones Industrial Average (DJIA) in the US, which measures stocks based on price, the CAC 40 measures stocks based on free-float market capitalization and share turnover in the past year. Such has been the case since December 1, 2003. Before that, stocks had been measured based on total market valuation.
The CAC 40 is reviewed four times a year, particularly on the third Friday of every quarter-end— March, June, September, and December. The stocks of the index are capped at 15% if necessary in order to prevent index heavyweight. The Index Steering Committee ranks the top 100 companies and from there, 40 companies will be chosen to be included in the CAC 40. These represent the most significant and most active stocks not just in France but in the entire Europe as well. Consequently, the CAC 40 is a powerful economic indicator and has the ability to make or break the region’s corporate sector.
On September 4, 2000, shortly before the foundation of the Euronext, the CAC 40 had attained its all-time high of 6,922.33 with an intraday high of 6,944.77. On the other hand, the all-time low of 893.82 had been posted in January 1988.
The regular session on Euronext Paris lasts from 6:01 a.m. until 7:59 p.m., marking one of the longest sessions worldwide. A 2% margin and a minimum of one index are required when trading. The main currency is, of course, euro. Presently, the CAC 40 is trading at the 4,000 mark, a little well below its peak 16 years ago.
The CAC 40 is truly a reflection of how the European economy has evolved through the years. Schneider Electric SE evolved as well. With its evident success, Euronext Paris is surely one of today’s most rewarding stock exchanges to engage in.
More important recent Schneider Electric SE (EPA:SU) news were published by: Foxbusiness.com which released: “Schneider Electric to Acquire IGE + XAO for EUR188.4 Million” on November 08, 2017, also Economictimes.Indiatimes.com published article titled: “Schneider-Temasek leads race to buy L&T’s electrical Biz for Rs 17000 crore”, Thestreet.com published: “Schneider Electric Increases Revenue Target For Second Time This Year” on October 26, 2017. More interesting news about Schneider Electric SE (EPA:SU) was released by: Seekingalpha.com and their article: “Schneider Electric’s (SBGSF) CEO Emmanuel Babeau on Q3 2017 Results – Earnings …” with publication date: October 28, 2017.
Schneider Electric SE is a France-based firm that specializes in electricity distribution, automation management and produces installation components for energy management. The company has market cap of 43.09 billion EUR. The Firm has five divisions organized by business: Energy and Infrastructure, which includes medium and low voltage, installation systems and control, renewable energies and includes customer divisions in Utilities, Marine, residential and oil & gas sector; Industry, which includes automation & control which includes water treatment and mining, minerals & metals industries; Buildings, which includes building automation and security, whose clients are hotels, hospitals, office and retail buildings; Data canters and networks, and Residential which is engaged in solutions for saving electricity bills by combining lighting and heating control features. It has a 20.55 P/E ratio.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€25 billion in FY2016, our 144,000 employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable. From the simplest of switches to complex operational systems, our technology, software and services improve the way our customers manage and automate their operations. Our connected technologies reshape industries, transform cities and enrich lives. At Schneider Electric, we call this Life Is On. Schneider Electric is the worldwide expert in energy administration and automation. With incomes of ~€25 billion in FY2016, our 144,000 representatives serve clients in more than 100 nations, Schneider Electric helping them to deal with their energy and process in ways that are protected, dependable, productive and practical. From the least difficult of changes to complex operational frameworks, Schneider Electric innovation, programming and administrations enhance the way our clients oversee and computerize their operations. Schneider Electric associated advancements reshape businesses, change urban communities and advance lives. At Schneider Electric, we call this Life Is On. Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.