Palo Alto, CA - Monday, June 26th, 2017
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.”
Ooma (NYSE: OOMA) creates powerful connected experiences for businesses and consumers, delivered from its smart cloud-based SaaS platform. For businesses of all sizes, Ooma provides advanced voice and collaboration features that are flexible and scalable. For consumers, Ooma’s residential phone service provides PureVoice HD voice quality, advanced functionality and integration with mobile devices. Ooma’s innovative smart security solution delivers a range of wireless security sensors that make it easy for anyone to protect their home or business. Learn more at www.ooma.com.