Spok set to join Russell 3000® and Russell 2000® Index
22 Maio 2023 - 10:00AM
Business Wire
Membership inclusion highlights the Company’s
success on generating cash flow and returning capital to
stockholders
Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in
healthcare communications, is set to join the broad-market Russell
3000® Index at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the US market opens on June 26,
according to a preliminary list of additions posted May 19.
“We are honored to be part of the Russell Index,” said Vincent
D. Kelly, chief executive officer of Spok Holdings, Inc. “I am
proud of what the Spok team has accomplished over the past year
with our focus on generating cash flow and returning capital to
stockholders. It is rewarding to see the leadership exhibited by
our Board of Directors and the clear progress by our team reflected
in this recognition. We look forward to continued success for the
remainder of the year and believe our extensive experience
operating our established communication solutions will create
significant value for stockholders by maximizing revenue and cash
flow generation.”
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of April 28, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index,
which remains in place for one year, means automatic inclusion in
the large-cap Russell 1000® Index or small-cap Russell 2000® Index
as well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12.1 trillion in
assets are benchmarked against Russell’s US indexes. Russell
indexes are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the Russell
indexes reconstitution, go to the “Russell Reconstitution” section
on the FTSE Russell website.
About Spok
Spok, Inc., a wholly owned subsidiary of Spok Holdings, Inc.
(NASDAQ: SPOK), headquartered in Alexandria, Virginia, is proud to
be a global leader in healthcare communications. We deliver
clinical information to care teams when and where it matters most
to improve patient outcomes. Top hospitals rely on the Spok Care
Connect® platform to enhance workflows for clinicians and support
administrative compliance. Our customers send over 100 million
messages each month through their Spok® solutions. Spok enables
smarter, faster clinical communication. For more information, visit
spok.com or follow @spoktweets on Twitter.
Spok is a trademark of Spok Holdings, Inc. Spok Care Connect and
Spok Mobile are trademarks of Spok, Inc.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $20.1
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
investment banks have chosen FTSE Russell indexes to benchmark
their investment performance and create ETFs, structured products
and index-based derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules-based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act:
Statements contained herein or in prior press releases which are
not historical fact, such as statements regarding Spok’s future
operating and financial performance, are forward-looking statements
for purposes of the safe harbor provisions under the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties that may cause Spok’s
actual results to be materially different from the future results
expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially from those
expectations include, but are not limited to, our ability to manage
wireless network rationalization to lower our costs without causing
disruption of service to our customers; our ability to retain key
management personnel and to attract and retain talent within the
organization; the productivity of our sales organization and our
ability to deliver effective customer support; our ability to
identify potential acquisitions, consummate and successfully
integrate such acquisitions, and achieve the expected benefits of
such acquisitions; risks related to the COVID-19 pandemic; economic
conditions such as recessionary economic cycles, higher interest
rates, inflation and higher levels of unemployment; competition for
our services and products from new technologies or those offered
and/or developed from firms that are substantially larger and have
much greater financial and human capital resources; continuing
decline in the number of paging units we have in service with
customers, commensurate with a continuing decline in our wireless
revenue; our ability to address changing market conditions with new
or revised software solutions; undetected defects, bugs, or
security vulnerabilities in our products; our dependence on the
U.S. healthcare industry; the sales cycle of our software solutions
and services can run from six to eighteen months, making it
difficult to plan for and meet our sales objectives and bookings on
a steady basis quarter-to-quarter and year-to-year; our reliance on
third-party vendors to supply us with wireless paging equipment;
our ability to maintain successful relationships with our channel
partners; our ability to protect our rights in intellectual
property that we own and develop and the potential for litigation
claiming intellectual property infringement by us; our use of open
source software, third-party software and other intellectual
property; the reliability of our networks and servers and our
ability to prevent cyber-attacks and other security issues and
disruptions; unauthorized breaches or failures in cybersecurity
measures adopted by us and/or included in our products and
services; our ability to realize the benefits associated with our
deferred income tax assets; future impairments of our long-lived
assets, amortizable intangible assets or goodwill; risks related to
data privacy and protection-related laws and regulation; and our
ability to manage changes related to regulation, including laws and
regulations affecting hospitals and the healthcare industry
generally, as well as other risks described from time to time in
our periodic reports and other filings with the Securities and
Exchange Commission. Although Spok believes the expectations
reflected in the forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
attained. Spok disclaims any intent or obligation to update any
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230522005248/en/
Al Galgano +1 (952) 224-6096 al.galgano@spok.com
Spok (NASDAQ:SPOK)
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