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Datadog to Join S&P 500 on July 9 as Shares Jump 10%

Triggered by Hewlett Packard Enterprise’s acquisition of Juniper Networks, Datadog’s S&P 500 addition underscores its standing as a large, profitable, highly liquid cloud observability leader

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Overview

  • S&P Dow Jones Indices announced on July 2 that Datadog will replace Juniper Networks in the S&P 500 effective before trading opens on July 9
  • Hewlett Packard Enterprise completed its $13.4 billion acquisition of Juniper Networks on July 2, creating a vacancy in the index
  • Datadog shares climbed about 10% in premarket and after-hours trading as index-tracking funds prepare to rebalance portfolios
  • With a market capitalization of $46.6 billion and Q1 2025 net income of $24.6 million on $761.6 million revenue, Datadog meets all S&P 500 eligibility requirements
  • Inclusion in the benchmark typically triggers passive fund inflows that have driven 5–15% short-term gains for newly added stocks