Datadog stock jumps on inclusion in S&P 500 index
The Datadog Stand is displayed on May 16, 2024 on the first day of AWS Summit Seoul 2024 at the Coex Congress and Exhibition Center in Seoul, South Korea.
Chris Jung | Nurphoto | Getty Images
Datagogue S&P Global said that the monitoring software provider will replace juniper networks at the S&P 500 US Inventory Index and the stocks increased by 10% in expanded transactions on Wednesday.
S&P global makes the change effective on July 9 before the start of the transaction. expression.
Computer server manufacturer Hewlett Packard EnterpriseIn addition, a founder of the index, Wednesday, Wednesday, said in a statement that he had completed his purchase of Juniper, who made the data center network equipment. Hpe a filing He paid $ 13.4 billion to Juniper shareholders.
During the weekend, two companies one residential With the US Department of Justice, who sued against the agreement. As a part of the agreement, HPE agreed to dispose of its global moment in the campus and branch business.
While Tech already constitutes a large part of the S&P 500, the index allows the industry to be constantly exposed as it expands to more areas of society.
Doordash In March, it was the latest technology company to participate during the last re -balancing. Cloud software seller Working day Added in December and this was previously added in 2024 Palantir– Dell– Crowdstrike– Godaddy And Super micro computer.
Since the fund managers need to re -balance their portfolios in a way that reflects the changes, their stocks are generally collected when they are added to a large index.
New York -based Datadog opened to the public in 2019. In the first quarter of 2025, the company generated a net revenue of $ 24.6 million with $ 761.6 million revenue. Contains competitors CiscoBuying SPLUNK last year and Elastic And like cloud infrastructure providers Amazon And Microsoft.
Datadog showed low performance of the larger technology sector this year. Nasdaq fell 5.5% from the closing on Wednesday. Nevertheless, the valuation of Datadog, a market value of $ 46.6 billion, is significantly higher than the media for this index.
– Ari Levy of CNBC contributed to this report.
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