Datadog stock jumps 10% on tech company’s inclusion in S&P 500 index
Summary
Datadog shares rose after S&P Global said it will add the monitoring software provider to the S&P 500 index. The change will take effect before trading on July 9, replacing Juniper Networks after Hewlett Packard Enterprise completed its acquisition of Juniper. The article also notes that index inclusion often lifts shares because fund managers rebalance portfolios to match the benchmark. Datadog continues to compete with Cisco, Elastic, Amazon, and Microsoft in infrastructure and observability software.
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Data Management
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SaaS
Observability Software
Cloud Security Software
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Datadog
$1M to $5M