Articles On Megaport (ASX:MP1)

Today, the S&P/ASX 200 Index (ASX: XJO) finished slightly lower after paring earlier gains. The benchmark index moved 0.08% lower to 7,374.9 points. Weakness among the miners put a dent in the strong performance exhibited by tech, heal...

By Michael Gable In the past week, we have seen an interesting turnaround in share markets. Markets here and in the US have both managed to get back above their 50-day moving averages and there seems to be good support at these levels. This...

On 14th October 2021, Australian market ended on a positive note as robust buying was witnessed in the technology as well as academic and educational services sectors. Notably, ASX 20 and ASX 100 rose by 0.16% and 0.45%, respectively. Notab...

It was a mighty day for the WiseTech Global Ltd (ASX: WTC) share price today. Shares in the cloud-based logistics software company finished Thursday’s session as the third best performing share in the S&P/ASX 200 Index (ASX: XJO). At t...

Highlights As we edge close to the weekend, sinusoidal trends continue across global share markets. Investors now know US consumer prices stance, Aussie jobless rate, and China’s PPI. Today, ASX 200 traded in green for the first time...

Today, the S&P/ASX 200 Index (ASX: XJO) broke its losing streak with a green session. The benchmark index climbed 0.54% to 7,311.7 points. There was plenty of gains to be had across the top 200 on Thursday. Though, the most substantial...

The share market continued to put the September blues behind it, rising to its highest level of the month after employment data showed the hit from lockdowns may be lighter than economists anticipated. The S&P/ASX 200 finished 39 poi...

The benchmark ASX 200 index rebounded by 0.54% today, after a better than expected jobs data released by the ABS. The Australian unemployment rate inched higher to 4.6% in September from 4.5% in August, but was still lower than the economis...

The share market recouped three days of losses after September employment data met expectations and Wall Street shrugged off a flurry of risk events. The S&P/ASX 200 climbed 55 points or 0.76 per cent to its highest level of the mont...

Today, the S&P/ASX 200 Index (ASX: XJO) performed strongly across all sectors, aside from the energy sector. The benchmark index climbed 0.7% higher to 7,256.7 points. While energy shares were burdensome to the Aussie index today, the...

S&P/ASX 200 Index (ASX: XJO) tech shares scored a turnaround on Thursday after a very difficult past two weeks. The S&P/ASX All Technology Index (ASX: XTX) is up 72 points or 2.43%, bouncing off 2-month lows on Tuesday. The gains...

Megaport Virtual Edge (MVE) enables customers to modernise their connectivity, optimise network performance, and reduce provisioning time from months to minutes. BRISBANE, Australia, Sept. 29, 2021 /PRNewswire/ – Megaport Limited (ASX:...

The information technology sector was amongst the hardest hit on Tuesday. Rising US bond yields were likely responsible which resulted in losses from popular ASX tech shares like Megaport Ltd (ASX: MP1), Technology One Ltd (ASX: TNE), Appen...

Today didn’t start well, after a weak lead from Wall Street overnight. And the ASX 200 continued to lose ground into the close, finishing ~1.4% lower on the day. The catalyst for capital flows at the big end of town appeared to be what’s no...

Highlights Beach Energy shares gained 9% on raising production target. Origin Energy ticked up over 5% on additional investment in UK-based Octopus Energy. Whitehaven Coal shares hit record high amid a spurt in coal prices. NRW Holdi...

Highlights September is nearing its end and yet another earnings season is now firmly behind us. However, it’s still not late to lap up some of the best poised stocks. The stocks are expected to do well going forward as the economy re...

Highlights The ASX 200 declined 0.9% by mid-session on Tuesday. Eight of the 11 sectors were in the red, barring energy, utilities and financials. The energy sector emerged as the biggest gainer as crude oil prices rose for a fifth st...

The S&P/ASX 300 Index (ASX: XKO) is sliding on Tuesday, rubbing out yesterday’s 0.54% gain. During early-afternoon trade, the ASX 300 is down 0.90% to 7,319.6 points. This means that the index has dropped around 2.3% in the past month....

The S&P/ASX 200 Index (ASX: XJO) is slipping today, weighed down by the S&P/ASX 200 Information Technology Index (ASX: XIJ). At the time of writing, the ASX 200 is down 0.9%, having fallen 66 points. Meanwhile, the ASX 200 tech sec...

At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) is giving back yesterday’s gains and more. The benchmark index is currently down 0.8% to 7,323.4 points. Here’s what is happening on the ASX 200 today: Beach shares charge higher Th...

Highlights The ASX 200 was trading 0.17% or 12.5 points lower at 7,371.7 at the opening tick. The market breadth has been quite negative so far, with only two out of the 11 sectors trading in green. Beach Energy plans to increase oil...

Highlights  Australian shares made a strong start to the week’s trading; travel stocks being the market’s best performers. There is growing pressure that oil demand is outgrowing supply. The NSW government plans to re-open the economy...

After falling by 0.65% last week, the ASX 200 was more on an upbeat mood today, lifting by 0.57 %. Positive sentiment in the market was buoyed by travel stocks, which rose across the board after an announcement by Premier Gladys Berejiklian...

Highlights Australian benchmark index, the ASX 200, rallied 1% by the lunchtime. Eight of the 11 sectors traded in green, led by material and energy. Flight Centre, Redbubble topped gainers’ list, while NEXTDC declined the most. Sigm...

The Megaport Ltd (ASX: MP1) share price was a positive performer again on Thursday. The elasticity connectivity and network services interconnection provider’s shares finished the day almost 1% higher at $17.71. This means the Megaport’s a...

Yesterday was brutal, and ASX investors were ready to batten down the hatches this morning after Evergrande contagion fears spilled onto Wall St overnight. But in the end, Tuesday’s session proved relatively mild as the ASX 200 ambled to a...

Today, the S&P/ASX 200 Index (ASX: XJO) tumbled after a disastrous session for iron ore shares. The benchmark index sunk 0.76% lower to 7,403.7 points. While it was a difficult day for many ASX shares today, there were still some comp...

The S&P/ASX 200 (ASX: XJO) suffered its worst day in months falling 1.9% on Thursday with 95% of the largest 200 companies share price’s dropping. Every sector was lower and significantly so, with the major selling pressure hitting the...

Highlights The Australian benchmark index, ASX 200, ended 1.90% lower at 7,369.50. All 11 sectors ended in the red, while tech and telecom stocks declined the most. Virgin Money UK PLC, Omni Bridgeway, Orocobre, EML Payments, Pilbara...

There was broad based selloff across ASX blue chips today, with all 11 sectors falling into the red. The benchmark ASX 200 index ended up lower by 1.9% as it sank further from the mid session loss of 1%. It was one of the biggest drops for...

The S&P/ASX 200 Index (ASX: XJO) has tumbled 1.68% in late afternoon trade to a 1-month low of 7,383. The tech sector is taking the brunt of today’s selloff, with the S&P/ASX Information Technology (INDEXASX: XIJ) index down 2.61%...

The ASX 200 finished lower today by 0.36% after recovering from a 0.72% fall at the open. The iron ore spot price rebounded overnight by almost 5%, but iron ore plays did not respond to the move today, with major players like Fortescue (ASX...

Highlights The ASX 200 opened the day 90 points or 0.13% lower at 7,520.40 after Wall Street ended mixed overnight. Domestic investors are keeping a close eye on labour data, which is scheduled to be released today. On Wall Street, th...

It was a relatively quiet day for the ASX. The S&P/ASX 200 Index (ASX: XJO) was essentially flat at 7,530 points. Here are some of the highlights from the ASX: Aussie Broadband Ltd (ASX: ABB) The NBN-focused telco business announced...

Highlights  The ASX 200 closed marginally higher on Tuesday despite the Reserve Bank of Australia (RBA) announced its plans to start reducing the bond buying. The ASX 200 closed 0.02% higher at 7,530.30 after rallying towards the close...

Today, the S&P/ASX 200 Index (ASX: XJO) went for a rollercoaster ride, ending the session just above breakeven. The benchmark index closed 0.02% higher to 7,530.3 points. Shares bounced back after the Reserve Bank of Australia held int...

The ASX 200 made a little comeback in afternoon trade, but still traded flat on the day as local stocks struggled for direction. Energy stocks did their best to drag the broader index higher, as oil prices consolidate back above US$70/barre...

Highlights The Australian benchmark index, ASX 200, ended 0.4% higher at 7,534.90. Barring energy and utility, all sectoral indices ended in the green. Biopharma firm Clinuvel topped the gainers’ list, while Mesoblast emerged as the w...

With a new month on the horizon, now could be an opportune time to consider making some new additions to your portfolio. To help you on your way, I’ve picked out three ASX shares that analysts have tipped as buys. They are as follows: Alti...

Highlights The ASX 200 ended 2.90 points lower at 7,488.30, paring early losses. The market witnessed subdued trade as caution prevailed ahead the US Fed’s Jackson Hole symposium tonight. Biopharmaceutical firm Clinuvel Pharmaceutical...

Data centre builder and operator NextDC Ltd (ASX: NXT) share price is down 3.65% this morning to $13.00 after the business released its FY21 results. How did NextDC perform in FY21? Key financial results for the year ending June 30 2021 in...

Shares in emerging ASX tech company Megaport Ltd (ASX: MP1) have skyrocketed over the past 6 months. The Megaport share price has rallied almost 40%, from a low of $12.15 six months ago to $17.09 at the time of writing. The company even s...

Highlights The ASX200 closed higher for third day, rising 0.39% to 7,531.90. Software firm WiseTech Global emerged as top gainer, while Reece topped the loser’s chart. Asian shares traded mostly lower, led by Taiwan’s Weighted Stock I...

Highlights  The ASX200 closed 0.35% higher at 7,487.30, led by buying in tech, realty and consumer discretionary stocks. Mining firm Pilbara Minerals topped the gainer list, while insurance company NIB Holdings emerged as the top loser...

Highlights Globally, investors are in a quandary since the pandemic started. In Australia, with resurging COVID cases, the ASX200 has taken a downward trajectory this week. Few stocks have outperformed ASX200 Index and more than doubl...

The Megaport Ltd (ASX: MP1) share price is climbing on a day of overall falls. That’s after the company announced it had completed the purchase of InnovoEdge for US $15 million. At the time of writing, shares in the software provider are t...

World Overnight SPI Overnight (Jun) 7503.00 + 10.00 0.13% S&P ASX 200 7584.30 + 21.70 0.29% S&P500 4447.70 + 10.95 0.25% Nasdaq Comp 14765.14 – 22.95 – 0.16% DJIA 35484.97 + 220.30 0.62% S&P500 VIX 16.06 – 0.73 – 4...

The S&P/ASX 200 (ASX: XJO) finished at another record on Wednesday, adding 0.3% with the Commonwealth Bank of Australia (ASX: CBA) extending its dominance as Australia’s largest company. The CBA share price rallied 1.5%, almost singleha...

On 11th August 2021, the broader Australian market ended the session in green as significant buying pressure was witnessed on utilities as well as basic materials sectors. ASX 20 rose by 0.40% to 4,292.00 and ASX 200 increased by 0.29%....

We rate management, their track record and the MP1 business model highly. View our analysis on their FY21 result.