Arlo Technologies and Care.com Set to Join S&P SmallCap 600

Date : 12/20/2018 @ 11:27PM
Source : PR Newswire (US)
Stock : Cloud Peak Energy Inc. (CLDPQ)
Quote : 0.07  0.0051 (7.86%) @ 8:59PM

Arlo Technologies and Care.com Set to Join S&P SmallCap 600

Cloud Peak Energy Inc. (USOTC:CLDPQ)
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NEW YORK, Dec. 20, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the open of trading on Thursday, January 3:

  • Arlo Technologies (NYSE: ARLO) will replace Cloud Peak Energy Inc. (NYSE: CLD) and Care.com Inc. (NYSE: CRCM) will replace Francesca's Holdings Corp. (NASD: FRAN). S&P SmallCap 600 constituent NETGEAR Inc. (NASD: NTGR) is spinning off its remaining ownership stake in Arlo Technologies in a transaction expected to be completed on December 31. Cloud Peak Energy and Francesca's Holdings are ranked at the bottom of the S&P SmallCap 600 and are no longer representative of the small-cap market space.

Arlo Technologies provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network internet connection. Headquartered in San Jose, CA, the company will be added to the S&P SmallCap 600 Global Industry Classification Standard (GICS) Electronic Equipment & Instruments Sub-Industry index.

Care.com operates an online marketplace for finding and managing family care. Headquartered in Waltham, MA, the company will be added to the S&P SmallCap 600 GICS Interactive Media & Services Sub-Industry index.

Following is a summary of the changes:

S&P SMALLCAP 600 INDEX – JANUARY 3, 2019


COMPANY

GICS ECONOMIC SECTOR

GICS SUB-INDUSTRY

ADDED

Arlo Technologies

Information Technology

Electronic Equipment &
Instruments


Care.com

Communication Services

Interactive Media &
Services

DELETED

Cloud Peak

Energy

Coal & Consumable
Fuels


Francesca's
Holdings

Consumer Discretionary

Apparel Retail

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has become home to over 1,000,000 indices across the spectrum of asset classes that have helped define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:

David Blitzer

Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
david.blitzer@spglobal.com

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji_communications@spglobal.com

Cision View original content:http://www.prnewswire.com/news-releases/arlo-technologies-and-carecom-set-to-join-sp-smallcap-600-300769974.html

SOURCE S&P Dow Jones Indices

Copyright 2018 PR Newswire

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