8x8 looks to join Russell 3000 Index

VoIP and cloud communications provider 8x8 (NASDAQ:EGHT) is set to join the U.S. broad-market Russell 3000 Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes on June 24, according to a preliminary list of additions posted June 10 on www.russell.com/indexes.

Russell's U.S. indexes, widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies, rank the 4,000 largest U.S. stocks as of the end of May by total market capitalization.

Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index. Membership is determined primarily by objective, market-capitalization rankings and style attributes.

"The inclusion of 8x8 in the Russell 3000 Index will expose our company's stock and our innovative technology to a wider audience of investors, ultimately benefiting our shareholders," said 8x8 Chairman and CEO Bryan Martin.

8x8 develops cloud-based VoIP, video, mobile and unified communications solutions.

For more:
- see this release

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