Press Releases
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 & |
Care.com | Communication Services | Interactive Media & | |
DELETED | Cloud Peak | Energy | Coal & Consumable |
Francesca's | Consumer Discretionary | Apparel Retail | |
For more information about S&P Dow Jones Indices, please visit www.spdji.com
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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
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