CSPi Added to Russell 3000(R) Index
Rhea-AI Summary
Positive
- Addition to Russell 3000® Index increases visibility among institutional investors
- Company expects expansion of existing customer contracts to six and seven figures in 18-24 months
- Automatic inclusion in either Russell 1000® or Russell 2000® Index provides additional market exposure
- Growing potential of AZT PROTECT business segment
Negative
- None.
News Market Reaction
On the day this news was published, CSPI declined 3.15%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOWELL, MA / ACCESS Newswire / June 2, 2025 / CSP Inc. (NASDAQ:CSPI), an award-winning provider of security and packet capture products, managed IT and professional services and technology solutions, today announced that it has been added as a member of the broad-market Russell 3000® Index, effective after the US market opens on June 30, as part of the 2025 Russell indexes reconstitution.
"This is a significant milestone and reflects the excitement and growth potential of our emerging AZT PROTECT business," commented Victor Dellovo, Chief Executive Officer. "Being added to the Russell 3000® Index enhances our visibility among institutional investors at a time when we are signing new AZT PROTECT customers and further embedding ourselves with existing customers that have the potential to significantly expand into larger, six and seven figure contracts over the next eighteen months to two years."
The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the 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. According to data as of the end of June 2024, about
About CSPi
CSPi (NASDAQ:CSPI) operates two divisions, each with unique expertise in designing and implementing technology solutions to help customers use technology to success. The High Performance Product division, including ARIA Cybersecurity Solutions, recognizes that better, stronger, more effective cybersecurity starts with a smarter approach. ARIA's solutions provide new ways for organizations to protect their most critical assets - they can shield their critical applications from cyberattack with the AZT solution, while monitoring internal traffic, device-level logs, and alert output with our ARIA ADR solution to substantially improve threat detection and surgically disrupt cyberattacks and data exfiltration. Rounding out the portfolio, Aria's AZT Gateway Software allows us to interrogate network packets at 100mbps line-rate to enforce forwarding and capture policies on the fly. Customers in a range of industries rely on our solutions to accelerate incident response, automate breach detection, and protect their most critical assets and applications - no matter where they are stored, used, or accessed.
CSPi's Technology Solutions division helps clients achieve their business goals and accelerate time to market through innovative IT solutions and professional services by partnering with best-in-class technology providers. For organizations that want the benefits of an IT department without the cost, we offer a robust catalog of Managed IT Services providing 24×365 proactive support. Our team of engineers have expertise across major industries supporting five key technology areas: Advanced Security; Communication and Collaboration; Data Center; Networking; and Wireless & Mobility.
Safe Harbor
The Company wishes to take advantage of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed to be forward-looking under the Act. Such forward-looking statements may include but are not limited to signing new AZT PROTECT customers and further embedding ourselves with existing customers that have the potential to significantly expand into larger, six and seven figure contracts over the next eighteen months to two years.
The Company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the Company. Such risks include general economic conditions, market factors, competitive factors and pricing pressures, and others described in the Company's filings with the Securities and Exchange Commission ("SEC"). Please refer to the section on forward-looking statements included in the Company's filings with the SEC.
CONTACT:
CSP Inc.
Gary Levine, 978-954-5040
Chief Financial Officer
SOURCE: CSP Inc.
View the original press release on ACCESS Newswire
FAQ
What does CSPi's inclusion in the Russell 3000 Index mean for investors?
When will CSPI's inclusion in the Russell 3000 Index become effective?
What is the significance of the Russell 3000 Index for CSPI stock?
What growth potential does CSPI expect from its AZT PROTECT business?
How long will CSPI remain in the Russell 3000 Index?
