NEW YORK, July 17, 2015 /PRNewswire/ -- S&P
SmallCap 600 constituent NetScout Systems Inc. (NASD: NTCT) will
replace Tidewater Inc. (NYSE: TDW) in the S&P MidCap 400, and
Tidewater will replace NetScout Systems in the S&P SmallCap 600
after the close of trading on Friday, July
24. NetScout Systems recently completed the acquisition of
S&P 500 constituent Danaher Corp.'s (NYSE: DHR)
communications business making NetScout Systems' post transaction
market capitalization more representative of the mid-cap market
space. Tidewater has a market capitalization more representative of
the small-cap market space.
NetScout Systems designs, develops, manufactures, markets,
licenses, sells, and supports network, application, and service
assurance solutions. Headquartered in Westford, MA , the company will be added to
the S&P MidCap 400 GICS (Global Industry Classification
Standard) Communications Equipment Sub-Industry index.
Tidewater provides offshore service vessels and marine support
services. Headquartered in New Orleans,
LA, the company will be added to the S&P SmallCap 600
GICS Oil & Gas Equipment & Services Sub-Industry index.
Following is a summary of the changes:
S&P MIDCAP 400
INDEX – July 24, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
NetScout
Systems
|
Information
Technology
|
Communications
Equipment
|
DELETED
|
Tidewater
|
Energy
|
Oil & Gas
Equipment & Services
|
S&P SMALLCAP
600 INDEX – July 24, 2015
|
|
COMPANY
|
GICS ECONOMIC
SECTOR
|
GICS
SUB-INDUSTRY
|
ADDED
|
Tidewater
|
Energy
|
Oil & Gas
Equipment & Services
|
DELETED
|
NetScout
Systems
|
Information
Technology
|
Application
Software
|
Additions to and deletions from S&P Dow Jones Indices
do not in any way reflect an opinion on the investment merits of
the companies involved.
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