CyberOptics Corporation Added to the Russell 2000® Index
July 03 2017 - 9:00AM
Business Wire
CyberOptics® Corporation (NASDAQ: CYBE), a leading global
developer and manufacturer of high-precision 3D sensing technology
solutions, announced that it was added to the Russell 3000® Index
and the Russell 2000® Index when Russell Investments reconstituted
its comprehensive set of U.S. and global equity indexes on June 26,
2017.
“We are pleased to be added to the Russell 2000, which reflects
our continued efforts to create value for our shareholders,” said
Dr. Subodh Kulkarni, President and Chief Executive Officer of
CyberOptics Corporation.
Russell indexes are widely used by investment managers and
institutional investors for both index funds and as benchmarks for
passive and active investment strategies. CyberOptics will hold its
membership in the Russell 3000 until FTSE Russell® reconstitutes
its indexes in June 2018.
The annual reconstitution of the Russell 3000 captures the 3,000
largest U.S. stocks as of the end of May, ranking them by total
market capitalization. The largest 1,000 companies in the ranking
comprise the Russell 1000 and the next 2,000 companies comprise the
Russel 2000.
About CyberOptics
CyberOptics Corporation (NASDAQ: CYBE) is a leading global
developer and manufacturer of high precision sensing technology
solutions. CyberOptics sensors are being used in general
purpose metrology and 3D scanning, surface mount technology
(SMT) and semiconductor markets to significantly improve
yields and productivity. By leveraging its leading edge
technologies, the company has strategically established itself as a
global leader in high precision 3D sensors, allowing CyberOptics to
further increase its penetration of its key vertical markets.
Headquartered in Minneapolis, Minnesota, CyberOptics conducts
worldwide operations through its facilities in North America, Asia
and Europe.
Statements regarding the Company’s anticipated performance are
forward-looking and therefore involve risks and uncertainties,
including but not limited to: market conditions in the global SMT
and semiconductor capital equipment industries; increasing price
competition and price pressure on our product sales, particularly
our SMT systems; the level of orders from our OEM customers; the
availability of parts required to meet customer orders;
unanticipated product development challenges; the effect of world
events on our sales, the majority of which are from foreign
customers; rapid changes in technology in the electronics markets;
product introductions and pricing by our competitors; the success
of our 3D technology initiatives; the success of CyberGage360; and
other factors set forth in the Company’s filings with the
Securities and Exchange Commission.
FTSE Russell® is a trading name of FTSE, Russell, FTSE TMX and
MTS Next Limited. “FTSE®”, “Russell®”, “FTSE Russell®” “MTS®”,
“FTSE TMX®”, “FTSE4Good®” and “ICB®” and all other trademarks and
service marks used herein (whether registered or unregistered) are
trade marks and/or service marks owned or licensed by the
applicable member of the LSE Group or their respective licensors
and are owned, or used under licence, by FTSE, Russell, MTSNext, or
FTSE TMX.
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version on businesswire.com: http://www.businesswire.com/news/home/20170703005244/en/
CyberOptics CorporationJeffrey A. Bertelsen, 763-542-5000Chief
Financial Officer
CyberOptics (NASDAQ:CYBE)
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