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Sarasota, Florida-based Roper Technologies, Inc. (ROP) operates market-leading businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets. Valued at $63.2 billion by market cap, Roper operates through Application Software, Network Software, and technology-enabled product segments.
Companies worth $10 billion or more are generally described as “large-cap stocks,” Roper fits this bill perfectly. Given the company’s extensive operations and businesses and solid customer base, its valuation above this mark is unsurprising.