Aviat Networks is Newest Member of Russell 2000 Index
Aviat Networks Inc. was recently added as a member of the US small-cap Russell 2000 Index as part of the 2021 Russell indexes reconstitution. Membership in the Russell 2000 Index, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index. The stock also was automatically added to the appropriate growth and value indexes.
“Aviat welcomes the increased exposure as we continue to execute our strategic and financial plan,” said Keith Fanneron, Aviat Networks VP global finance and investor relations. “Inclusion in this index benefits our company and shareholders by elevating our visibility.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a global index provider.
Aviat is a global provider of wireless transport products and services to mobile service providers, enterprises, government agencies, and energy and transportation companies.