NetScout Systems Set to Join the S&P MidCap 400; Tidewater to be Added to S&P SmallCap 600

Jul 17, 2015, 17:50 ET from S&P Dow Jones Indices

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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David Blitzer Managing Director and Chairman of the Index Committee S&P Dow Jones Indices (+1) 212 438 3907 david.blitzer@spdji.com 

David R. Guarino Communications S&P Dow Jones Indices (+1) 212 438 1471 dave.guarino@spdji.com

SOURCE S&P Dow Jones Indices



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