Communications Systems, Inc. is now Pineapple Energy (Nasdaq: PEGY)
On March 25, 2022, CSI Received Shareholder Approval to Merge with Pineapple Energy and Completed the Merger on March 28, 2022. CSI changed is name to Pineapple Holdings, Inc. and changed it’s Nasdaq ticker to PEGY and will operate as Pineapple Energy.
Communications Systems, Inc. joins Russell 3000 Index
Posted by Pineapple on June 27th, 2011
Minneapolis, MN – June 27, 2011 – Communications Systems, Inc. (NASDAQ: JCS) became part of the U.S. broad-market Russell 3000 Index when Russell Investments reconstituted its comprehensive set of U.S. and global equity indexes on June 24.
Annual reconstitution of Russell’s U.S. indexes captures and ranks the 4,000 largest U.S. stocks as of the end of May by total market capitalization. Membership in the Russell 3000, 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. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
“The employees at Communications Systems, Inc. have worked hard to provide strong financial performance which has provided a good return to our investors. As our market capitalization has grown we are pleased to be added to the Russell 3000 Index,” said William G. Schultz, President and CEO of Communications Systems, Inc.
The Russell 3000 also serves as the U.S. component to the Russell Global Index.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets are currently benchmarked to them. These investment tools originated from Russell’s multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.
More information about Russell Indexes, including total returns, is available at http://www.russell.com/Indexes/data/default.asp.
About Communications Systems, Inc.
Communications Systems, Inc. provides physical connectivity infrastructure and services for global deployments of broadband networks. Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides the tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.
About Russell:
Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has about $161 billion in assets under management as of March 31, 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.
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