Ooma, Inc. was removed from several Russell indexes as part of the annual reconstitution process. The company was dropped from the Russell Microcap Value Index, Russell 3000E Value Index, Russell 2000 Value Index, Russell 2000 Value-Defensive Index, Russell 3000 Value Index, and Russell 2500 Value Index. Additionally, Ooma was removed from the Russell Small Cap Comp Value Index.
These changes are a result of the routine rebalancing of the Russell family of indexes, which occurs annually. Inclusion or exclusion from these indexes can impact institutional investor interest and fund flows. The removal reflects a re-evaluation of the company's market capitalization and other criteria used by FTSE Russell for index composition.
While index changes are mechanical, they can influence a company's visibility among institutional investors and passive funds that track these indexes. This event signifies a shift in Ooma's classification within the broader market index landscape.
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