Ooma Added to Russell 2000® Index
June 26 2017 - 8:35AM
Business Wire
Ooma, Inc. (NYSE:OOMA), a smart communications platform for
small businesses and consumers, announced today it was added to the
Russell 2000® and Russell 3000® Indexes following Russell
Investments' reconstitution of its comprehensive set of U.S. and
global equity indexes. The Russell 2000® Index is a subset of the
Russell 3000® Index composed of small-cap stocks. The newly
reconstituted indexes took effect after the close on
Friday, June 23.
Russell indexes are the leading US equity benchmarks for
investment managers and institutional investors, and make up the
building blocks of a broad range of financial products, such as
index tracking funds, derivatives, and exchange traded funds
(ETFs). $8.5 trillion in assets are benchmarked to or invested in
products based on the Russell US indexes.
“We are pleased Ooma has been included in the Russell 2000 and
3000 Indexes. Our inclusion in these indexes further validates the
company's significant accomplishments to date, and assists in
communicating our exciting story to a wider financial audience,”
said Eric Stang, chief executive officer of Ooma. “We look
forward to garnering additional visibility as we continue to
execute our strategy for growth in small business and residential
markets.”
About Ooma, Inc.
Founded in 2004, Ooma creates new communications experiences for
small businesses and consumers. Its smart platform serves as a
communications hub, which offers cloud-based telephony, internet
security, home security and other connected services. Ooma combines
PureVoice HD call quality and innovative features with mobile
applications for reliable anytime, anywhere calling. The company
has been ranked the No. 1 home phone service for overall
satisfaction and value for five consecutive years by the leading
consumer research publication. Ooma is also partnering with
connected device makers to create smarter offices and homes. Ooma
is available in stores and online from leading retailers. For more
information about Ooma, please visit www.ooma.com or follow us on
Twitter, LinkedIn or Facebook.
Ooma, PureVoice and the Ooma logo are trademarks of Ooma, Inc.
All other company and product names may be trademarks of the
respective companies with which they are associated.
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version on businesswire.com: http://www.businesswire.com/news/home/20170626005272/en/
Investor Relations:The Blueshirt Group for Ooma,
Inc.Soohwan Kim, CFA, 650-300-1480ir@ooma.com
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