Overview
- S&P Dow Jones Indices announced on July 2 that Datadog will replace Juniper Networks before trading begins on July 9, 2025.
- Hewlett Packard Enterprise finalized its $13.4 billion acquisition of Juniper Networks on July 2 following a Justice Department settlement that required HPE to divest its Instant On business.
- Datadog shares surged roughly 10% in extended and premarket trading after the inclusion announcement.
- In the first quarter of 2025, Datadog generated $761.6 million in revenue and $24.6 million in net income, reflecting its growth as a cloud-monitoring and security platform provider.
- Index-tracking funds are poised to drive further demand for Datadog stock after its addition to a benchmark that has increasingly tilted toward technology firms.