- Crexendo (CXDO, Financial) will be included in the Russell 2000 and Russell 3000 indexes, effective June 27, 2025.
- The inclusion reflects Crexendo's market capitalization growth and supports UCaaS platform servicing over 6 million users.
- Russell indexes influence approximately $10.6 trillion in benchmarked assets, enhancing Crexendo's market visibility.
Crexendo, Inc. (CXDO), a leading provider of cloud communications platform software and Unified Communications as a Service (UCaaS), will be included in both the Russell 2000 and Russell 3000 indexes after the U.S. markets open on June 27, 2025. This inclusion follows the 2025 annual reconstitution by FTSE Russell, highlighting the company's significant market capitalization growth.
Currently a part of the Russell Microcap Index, Crexendo's promotion to these larger indexes signifies its expanded market presence. The Russell 3000 Index comprises the top 3,000 largest U.S. public companies by market cap, while the Russell 2000 Index focuses specifically on small-cap companies. Both indexes are influential benchmarks, with approximately $10.6 trillion in assets benchmarked to them, thus potentially enhancing Crexendo's trading liquidity and institutional investor visibility.
CEO Jeff Korn emphasized that this milestone validates Crexendo's growth strategy, as the company's UCaaS platform, recognized by Frost & Sullivan as North America's fastest-growing, currently supports over 6 million users. The inclusion in the Russell indexes is expected to enhance the company’s visibility in the investment community and broaden institutional awareness, underscoring Crexendo's ongoing success and commitment to shareholder value.
