TMCnet News
MRV Joins Russell Microcap IndexCHATSWORTH, Calif. --(Business Wire)-- MRV (News - Alert) Communications (NASDAQ:MRVC), a global provider in converged packet and optical solutions that empower the optical edge and network integration services for leading communications service providers, announced its inclusion in Russell Microcap® Index as a result of Russell Investments annual reconstitution of its comprehensive set of U.S. and global equity indexes finalized on June 27th. The Russell Microcap® Index measures the performance of the microcap segment of the U.S. equity market and is composed of the 1,000 companies with the smallest market capitalization in the Russell 2000® Index, plus the next smallest 1,000 eligible securities by market cap. Inlusion in the Russell Microcap® Index will remain in place for the ensuing 12-month period. The Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. According to Russell Investments, $4.1 trillion in institutional assets currently are benchmarked to its indexes. The Russell Microcap® Index is completely reconstituted annually to ensure new and growing equities are reflected and companies continue to reflect appropriate capitalization and value characteristics. http://www.russell.com/indexes/americas/default.page About MRV Communications (News - Alert) MRV Communications is a global provider in converged packet and optical solutions that empower the optical edge and network integration services for leading communications service providers. For more than two decades, the most demanding service providers, Fortune 1000 companies and governments worldwide have trusted MRV to provide best-in-class solutions and services for their mission-critical networks. We help our customers overcome the challenge of orchestrating the ever-increasing need for capacity while improving service delivery and lowering network costs for critical applications such as cloud connectivity, high-capacity business services, mobile backhaul and data center connectivity. For more information please visit www.mrv.com.
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