PCM Added to Russell 3000® Index
June 26 2017 - 9:00AM
PCM, Inc. (NASDAQ:PCMI), a leading technology solutions
provider, today announced that the company has been added to the
Russell 3000® as part of the Russell U.S. Indexes annual
reconstitution, effective after the U.S. market opens on June 26,
according to a final list of additions published on June 23.
Annual Russell indexes reconstitution captures the 4,000 largest
U.S. stocks as of the end of May, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000 Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Brandon LaVerne, Chief Financial Officer of PCM, Inc.,
commented, “Inclusion in the Russell index demonstrates our recent
successes in increasing our shareholder value through our market
capitalization. We believe our membership in this index will extend
our presence within the investment community and enable us to reach
additional investors and potentially broaden our shareholder
base.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $8.4 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About PCM, Inc.
PCM, Inc., through its wholly-owned subsidiaries, is a leading
technology solutions provider to small and medium sized businesses,
mid-market and enterprise customers, government and educational
institutions and individual consumers across the United States and
Canada. We generated net sales of $2.3 billion in the twelve months
ended March 31, 2017. For more information, please visit
investor.pcm.com or call (310) 354-5600.
About FTSE Russell
FTSE Russell is a leading global index provider creating and
managing a wide range of indexes, data and analytic solutions to
meet client needs across asset classes, style and strategies.
Covering 98% of the investable market, FTSE Russell indexes offer a
true picture of global markets, combined with the specialist
knowledge gained from developing local benchmarks around the
world.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $12.5
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create investment funds, ETFs,
structured products and index-based derivatives. FTSE Russell
indexes also provide clients with tools for asset allocation,
investment strategy analysis and risk management.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on index innovation and customer
partnership applying the highest industry standards and embracing
the IOSCO Principles. FTSE Russell is wholly owned by London Stock
Exchange Group.
For more information, visit www.ftserussell.com.
Forward-looking Statements
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Such forward-looking statements include
statements regarding our expectations, hopes or intentions
regarding the future, including but not limited to, statements
related to the impact of inclusion in the Russell 3000 index on our
presence within the investment community and our ability to reach
additional investors or broaden our shareholder base.
Forward-looking statements involve certain risks and uncertainties,
and actual results may differ materially from those discussed in
any such statement. Factors that could cause our actual results to
differ materially and negatively impact our ability to broaden our
investor base include without limitation risks and uncertainties
related to the following: sales of our common stock into the market
by existing stockholders; fluctuations in our quarterly operating
results; changes in market conditions affecting stocks of
technology hardware and software manufacturers and publishers and
solution providers generally; failure to meet investors’
expectations regarding our operating performance; changes in
securities analysts’ recommendations or estimates of our financial
performance; publication of research reports by analysts; changes
in market valuations of similar companies; announcements by us or
our competitors of significant contracts, acquisitions, commercial
relationships, joint ventures or capital commitments; litigation
developments; and general economic and market conditions or other
economic factors unrelated to our performance, including
disruptions in the capital and credit markets. Additional factors
that could cause our actual results to differ are discussed under
the heading "Risk Factors" in Item 1A, Part I of our
Form 10-Q for the quarter ended March 31, 2017, on file with
the Securities and Exchange Commission, and in our other reports
filed from time to time with the SEC. All forward-looking
statements in this document are made as of the date hereof, based
on information available to us as of the date hereof, and we assume
no obligation to update any forward-looking statements.
Investor Relations:
Brett Maas
Hayden IR
(646) 536-7331
brett@haydenir.com
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