Datadog Enters the S&P 500 – Stock Jumps Double Digits

Datadog made headlines on Wednesday after hours: The stock of the cloud monitoring company rose by about 10% after it was announced that it will be added to the S&P 500 starting July 9. Rising to the prestigious index is seen as a hallmark – not only for its image but also in terms of capital inflows from passive funds. Juniper Networks must make room The background of this reshuffle is the acquisition of Juniper Networks by Hewlett Packard Enterprise. As Juniper loses its independence, the company will be removed from the index. Datadog...