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
GICS ECONOMIC SECTOR
Electronic Equipment &
Interactive Media &
Coal & Consumable
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