Datadog to Join S&P 500, Juniper to Exit After Takeover by HPE

Software company Datadog Inc. will be added to the S&P 500 index next week, replacing Juniper Networks Inc. after its recent acquisition by Hewlett Packard Enterprise Co.

Datadog will be included in the index prior to the start of trading on July 9, according to a press release from S&P Dow Jones Indices. Shares of Datadog were up more than 9% in after-hours trading Wednesday.