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Synchronoss Technologies (NASDAQ:SNCR), Inc. (“Synchronoss”) (SNCR), a global leader and innovator in personal cloud platforms, today announced that the company was added as a member of the US small-cap Russell 2000® Index, effective after the US market opens on June 30 as part of the 2025 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.
"Our inclusion in the Russell 2000® Index is a tremendous validation of our team’s relentless dedication and the significant progress we have made in executing our strategic vision,” said Jeff Miller, President and CEO of Synchronoss. “This important milestone not only enhances our visibility within the investment community but also reaffirms our business strategy focused on delivering innovative cloud solutions for telecom and mobile operators that leverage AI, machine learning and other core technologies.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.
For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
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