Articles On Megaport (ASX:MP1)

ASX 200 closed 1.27% lower in a Tech-led rout All 11 sectors were in the red ahead of the RBA meeting tomorrow Property prices in Sydney and Melbourne have dropped for the first time since Covid started in 2020   Tech stocks plunged and l...

Highlights The ASX 200 has traded on a muted note so far this week. Domestic stocks are trading on a volatile note. Investors await a positive trigger, which could provide a much-needed cushion to their portfolios. T...

The S&P/ASX All Ordinaries Index (ASX: XAO) is down 0.85% in late afternoon trading at 7,539 points. A bunch of ASX shares are falling with the benchmark to hit new 52-week lows — which begs the question, is this opportunity knocking?...

While Megaport’s share price continues to fall, brokers remain focused on the long-term opportunity. -A weaker-than-expected third quarter for Megaport-Earnings potential delayed rather than reduced-Large barriers to entry for Megaport Virt...

The first few months of 2022 has seen share market volatility like we could not even imagine last year. This means that quite a few businesses have seen their stock fall like a stone. Yet their operations and fortunes may not have changed...

The Megaport Ltd (ASX: MP1) share price has just had a week to forget. Last week, the network-as-a-service (NaaS) provider’s shares lost 28% of their value. This was driven by the release of Megaport’s latest quarterly update, which reveal...

The EML Payments Ltd (ASX: EML) share price has tumbled 35% today after slashing revenue and profit guidance in its third-quarter trading update. CBI investigation continues to plague growth EML has cut guidance across a smorgasbord of fina...

The S&P/ASX 200 (ASX: XJO) is set to open lower this morning, following a negative lead from US stock markets to finish the week. Here’s a round-up of what you missed on Friday. ASX 200 suffers worst fall in three months The ASX 200 suf...

On Thursday, the S&P/ASX 200 Index (ASX: XJO) finished the shortened week deep in the red. The benchmark index fell 1.6% to 7,473.3 points. Will the market be able to bounce back from this on Tuesday? Here are five things to watch: ASX...

ShareCafeMP1 – Morgans rates the stock as Hold Following 3Q results for Megaport, Morgans lowers its target price to $10.65 from $14.50 and cautions a lot depends on sales acceleration as investors await proof of scalability. That being sai...

With the S&P ASX All Technology index down materially since the start of the year, a number of high quality shares are trading at sizeable discounts to recent levels. According to analysts, this may have created a buying opportunity fo...

Megaport Limited's (ASX:MP1) Q3 result was weaker than we had expected. This was due to a combination of currency and the fact that many of MP1’s direct sales people are currently “hand-holding” channel partners.

Highlights ASX 200 tumbled 1.6% today in the biggest daily retreat since February. Materials sector was the biggest laggard with a 3.3% loss and health care was the only sector out of 11 to show gains. US Federal Reserve has indicated...

ASX 200 fell 1.5% and finished the week lower by  The Mining Index had its largest weekly drop since August Markets have been spooked after hawkish US Fed comments overnight   It was carnage across the board as local shares took a direct...

A week-long rally soured with the share market’s heaviest loss in two months as investors took profits ahead of the long weekend. The S&P/ASX 200 slumped 119.5 points or 1.57 per cent to its first loss in six sessions. The reversal p...

The Megaport Ltd (ASX: MP1) share price has been thrown from pillar to post over the past week. For shareholders, it means this year’s pain has worsened as investors try to recalibrate their valuation of the company. On a second day of b...

It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes. Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these...

The S&P/ASX 200 Index (ASX: XJO) is a sea of red on Friday and on course to record a disappointing decline. In afternoon trade, the benchmark index is down 1.6% to 7,471.6 points. Four ASX shares that are falling more than most today a...

The share market backed off an eight-month high after a sharp reversal on Wall Street stoked risk aversion ahead of the long weekend.   The S&P/ASX 200 skidded 124 points or 1.63 per cent by mid-session. The decline ended a five-sess...

Highlights The ASX 200 was trading 1.59% down at 7,482 in the first 15 minutes of trading. Wall Street indices ended in a negative zone on Thursday, while the US bond yields inched. All 11 sectors are trading with a cut today, depicti...

It was another positive day for the local sharemarket with retreating bond yields and more positive stock specific news sending the S&P/ASX 200 (ASX: XJO) another 0.3% higher. In a surprising turn, both the materials and technology sect...

Highlights ASX 200 ended up 0.3% to 7,592.8, placing itself ahead by 0.04% for the year-to-date. Big banks led the way, with financial stocks up 1.2% for the session. War, politics, economic sanctions targeting Russia are significant...

Today, the S&P/ASX 200 Index (ASX: XJO) moved closer to its all-time high of 7,632 points as the market rallied for the fifth day in a row. At the end of the session, the benchmark index finished 0.31% higher at 7,592.8 points. Positi...

ASX posts 0.5% gain on Thursday Small caps retreat as commodities tread water US stocks futures pointing ~0.9% higher The resources heavy ASX Emerging Companies (XEC) index is down about 0.5% on Thursday, with both oil and the major commo...

The share market logged its highest close in eight months as gains in the major banks helped offset production downgrades at BHP. The S&P/ASX 200 poked its head above 7600 for only the third time this year before trimming its advance...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to extend its winning streak. At the time of writing, the benchmark index is up 0.45% to 7,602.5 points. Four ASX shares that have failed to follow the market higher are...

A disappointing quarterly from mining heavyweight BHP crimped a fifth day of share market gains as the ASX 200 edged closer to record territory. The Australian benchmark climbed to within 0.5 per cent of last year’s peak, rising 31 point...

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to extend its winning streak. The benchmark index is currently up 0.2% to 7,582.1 points. Here’s what is happening on the ASX 200 today: BHP third quarter update disap...

Highlights The benchmark ASX 200 was trading 0.25% up at 7,587.9 in the first 10 minutes of trading. The tech-heavy NASDAQ 100 was weighed down on Wednesday by Netflix’s subscriber fall. Megaport plunged ~10% amid Q3 FY22 numbers....

Shares in Megaport Ltd (ASX: MP1) are crashing this morning after the company released its quarterly key performance indicators for March. At the time of writing, the Megaport share price is $10.75, down 15.75%. In the first 30 minutes of...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Highlights The Australian share market is poised to start on a positive note on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 25 points or 0.3% higher. On Wall Street, the Dow Jones r...

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) continued its positive run with the smallest of gains. The benchmark index rose slightly to 7,569.2 points. Will the market be able to build on this on Thursday? Here are five things to wa...

The Australian share market is home to a number of ASX shares with the potential to grow strongly in the future. But three ASX shares that have been tipped for enormous growth over the next decade are listed below. Here’s what you need to...

Local blue chips have gone into the Easter Break back in the green. The ASX 200 was up 44.4 points to 7,523.4 at close of trade. The ASX followed the lead of Wall Street overnight, which rallied and broke this week’s losing streak.All major...

Peter's Portfolio ReviewedBy Rudi Filapek-Vandyck, Editor FNArenaOccasionally I am being asked to cast my eye over someone's investment portfolio and give my honest opinion.Time and other constraints (no financial advice!) often prevent me...

ASX 200 slipped 0.42% Russia bonds deemed to have defaulted by S&P Afterpay net loss is growing  Local shares slipped by 0.42% today on growing concerns that imminent rate hikes could trigger a revaluation of equities. It was a sea of...

If you’re looking for some new growth shares to buy, then it could be worth considering the three ASX shares listed below. Here’s what you need to know about these highly rated growth shares: Allkem Ltd (ASX: AKE) The first ASX growth sh...

ASX 200 seesaws to close flat Aussie 10-year bond yields at 7-year high China’s inflation rises and beats expectations The ASX 200 opened higher this morning but lost momentum by midday as Aussie bond yields marched to multi-year highs. A...

Aussie shares pared solid early gains as rising rates and stronger-than-expected Chinese consumer prices sharpened global inflation worries ahead of tomorrow’s US data. The S&P/ASX 200 slashed an early 47-point surge to seven points...

The share market hit a four-session high before turning negative as US futures signalled potential weakness tonight. The S&P/ASX 200 reached mid-session a point or 0.01 per cent lower after earlier gaining 47 points.  The early rally...

The share market fell for a second day as global financial markets continued to adjust to a fast-changing rates outlook. The S&P/ASX 200 dropped 47 points or 0.63 per cent to its lowest close in a week and a half. Rate-sensitive g...

In what can only be described as a remarkable turnaround, the Aussie sharemarket is closing in on breakeven for 2022, with the S&P/ASX 200 (ASX: XJO) gaining another 0.7% on Wednesday. A positive lead from the US and signs of a ceasefir...

Highlights The ASX 200 closed 0.7% higher at 7514.5, its highest level since January 2022. Australia’s Federal Budget focused on easing cost of living and delivering a host of one-off or short-term measures. Crude oil is currently tra...

If you’re a growth investor with room for some new portfolio additions, then it could be worth considering the three ASX growth shares listed below. Here’s what you need to know about these buy-rated ASX shares: Lovisa Holdings Limited (A...

ASX 200 on 7-day consecutive winning streak Tech sector surges Telstra boss quits   The post-Budget day saw ASX 200 finishing higher for the seventh consecutive day, narrowing its loss for the year to only 1%. The benchmark index closed 0...

The share market extended its longest winning run of the year with buyers encouraged by the resumption of Russia-Ukraine peace talks and a big-spending Federal Budget. The S&P/ASX 200 climbed 50 points or 0.67 per cent to a seventh s...

Australian shares rose for a seventh session, supported by progress in Russia-Ukraine ceasefire negotiations, positive US leads and a government cash splash. The S&P/ASX 200 rallied 61 points or 0.82 per cent by mid-session. The rall...

ASX finished the week on a positive note Bond traders signal RBA rate hike this year Rotation to cyclical sectors in equities Local blue chips traded in positive territory all day and closed 0.26% higher. For the week, the benchmark ASX 2...

It’s been a rollercoaster week so far for the Block Inc CDI (ASX: SQ2) – formerly named Square – share price, and today is no different. After gaining around 9.2% on Monday, the payment services provider’s stock tumbled 5.1% on Tuesday. It...