Overview

• Datadog will replace Juniper Networks in the S&P 500 before trading opens on July 9 following Hewlett Packard Enterprise’s acquisition of Juniper.
• Shares jumped about 10% in after-hours and premarket sessions after S&P Dow Jones Indices announced the change.
• Datadog reported $761.6 million in revenue and $24.6 million in net income for the first quarter of 2025, marking 25% year-over-year revenue growth.
• Inclusion in the S&P 500 will trigger automatic buying by index-tracking funds, boosting liquidity and broadening Datadog’s investor base.
• Investors and index-tracking funds are rebalancing portfolios ahead of July 9 to add Datadog to benchmark index funds.