Articles On Megaport (ASX:MP1)

Is the bloodbath over for technology stocks? That’s what many investors, especially those who dipped their toes in over the past 2 years, will be thinking. The S&P/ASX All Technology Index (ASX: XTX) is down 23% since November, which i...

ASX shares have been popular acquisition targets in recent times. Notable takeovers include Sydney Airport, Class Limited and Australian Pharmaceutical. Here are three more ASX shares with takeover potential. 1. Megaport Ltd (ASX: MP1) Meg...

Small-cap investors have been going grey over the first 80 days of the year, with the S&P/ASX Small Ordinaries (ASX: XSO) index down 8% so far in 2022. Resources stocks held up that index, so most non-mining small-cap ASX shares have,...

Megaport founder and chairman Bevan Slattery dumps 3 million shares Coda Minerals increases stake in Torrens Mining Ignite Group CEO becomes a substantial holder Trading Places is Stockhead’s semi-regular, pretty damn fascinating recap o...

If you’re a fan of growth shares, then you may want to look closely at the three shares listed below. Here’s why these could be growth shares to buy: Altium Limited (ASX: ALU) The first growth share for investors to look at is Altium. It...

A compilation of stories relating to the August 2021 corporate reporting season in Australia, including FNArena’s final balance for the season. Content (in chronological order of publication): -Risks To Consider-February Looks Tricky-Convic...

By Greg Peel Misleading I suggested on Friday morning that despite the futures showing up 37 points following another Wall Street rally, the local market may still see a late sell-off on a Friday in the middle of a war. Anything could happe...

A third day of gains lifted the share market to its highest close in a month as a rebound in commodity prices boosted mining and energy companies. The S&P/ASX 200 rallied 44 points or 0.6 per cent to 7294. The index closed less than...

Mining and energy stocks lifted the ASX towards a third straight gain following overnight rebounds in crude oil and bulk metals. The S&P/ASX 200 rallied 29 points or 0.39 per cent by mid-session. The advance put the index on track fo...

At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. The benchmark index is currently up 0.2% to 7,267.4 points. Here’s what is happening on the ASX 200 today: Energy shares rise It has been a good...

Highlights The benchmark ASX 200 index rose 0.08% to 7,264.9 in the first 15 minutes of trading today. On Thursday, major Wall Street indices continued their rally from the previous day. The energy sector was the top gainer in the mor...

The Megaport Ltd (ASX: MP1) share price is under pressure on Friday and on course to end the week deep in the red. In morning trade, the network as a service provider’s shares are down over 7% to $13.07. This means the Megaport share price...

Highlights The Australian share market is expected to end the week higher on Friday. According to the latest SPI futures, the ASX 200 is likely to open 38 points or 0.5% higher. On Wall Street, the Dow Jones rose 1.23%, the...

ASX climbs for a third day as energy stocks rally on soaring oil prices. Megaport dives on Slattery sale, ACCC sues Facebook owner and Abacus falls on $200m raise.

On Thursday, the S&P/ASX 200 Index (ASX: XJO) was a strong performer for a second day in a row. The benchmark index rose 1.05% to 7,250.8 points. Will the market be able to build on this on Friday and end the week on a high? Here are f...

There’s movement on the register at IT networks business Megaport. 

ShareCafeMP1 – Citi rates the stock as Buy Citi doesn’t expect a material revenue impact from key channel partner Digital Realty launching what is effectively a white-label of the Megaport platform (a new SDN platform). There’s thought to b...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week deep in the red. At the time of writing, the benchmark index is down 1% to 7,061.3 points. Four ASX shares that are falling more than most today are list...

The S&P/ASX 200 Index (ASX: XJO) is taking a bit of a hammering so far this Monday. At the time of writing, the ASX 200 is down by a disappointing 0.97% at just over 7,000 points. But ASX tech shares are once again faring far worse. Th...

If you’re a fan of growth shares, then you may want to look closely at the three shares listed below. Here’s why these could be growth shares to buy: Adore Beauty Group Limited (ASX: ABY) The first ASX growth share to look at is Adore Be...

If you’re a fan of tech shares, then you may want to look at the two listed below. Here’s why these tech shares have been rated as buys: Altium Limited (ASX: ALU) The first ASX tech share to look at is Altium. It is a printed circuit boa...

If you have room for a new growth share or two in your portfolio in March, then you could do a lot worse than the highly rated shares listed below. Here’s what you need to know about these growing companies: Megaport Ltd (ASX: MP1) Megapor...

The Appen (ASX: APX) share price has been struggling this year amid a tough time for ASX tech shares. Appen shares have fallen 27% since market open on 4 January. Appen shares finished Tuesday’s session at $8.14. Let’s take a look at what...

If you’re a fan of growth shares, then you may want to look closely at the two shares listed below. Here’s why these could be growth shares to buy: Altium Limited (ASX: ALU) The first growth share for investors to consider buying is Alti...

For many ASX investors, much of their excitement of the stock market comes from picking a winning growth share and (hopefully) watching it do its thing. But have ASX growth shares had their moment? One expert is going against the grain to...

The S&P/ASX 200 Index (ASX: XJO) officially fell into correction territory late last month after tumbling more than 10% in the first few weeks of 2022. And the stocks hit hardest? Tech shares. The S&P/ASX 200 Info Tech Index (ASX:...

Goldman Sachs has been busy running the rule over some recent results and has picked out a couple of ASX 200 shares it thinks investors should be buying. Here are the two ASX 200 shares the broker rates very highly: IDP Education Ltd (ASX...

Technology stocks have been hit especially hard in the past couple of months as fears of rising interest rates paralyse the market. The S&P/ASX All Technology Index (ASX: XTX) has lost more than 23% since November, with pretty much all...

Brokers have identified some of the leading ASX growth shares that look like opportunities. Share prices are always changing. But sometimes an improved business performance or a change in the valuation can make a stock look like a much mor...

ASX tech shares showed signs of recovery today, outperforming the broader S&P/ASX 200 Index (ASX: XJO). The S&P/ASX All Technology Index (ASX: XTX) climbed 0.89%, while the S&P/ASX 200 Info Tech Index (ASX: XIJ) jumped 0.97%....

The ASX 200 managed to regain some early losses, and closed the day just 0.40% lower. The Energy sector shed almost 3%, as investors locked in profits after the XEJ index hit a one-year peak yesterday. This comes as oil prices rose another...

Weekly update on stockbroker recommendation, target price, and earnings forecast changes. By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macqu...

Highlights The ASX 200 dropped ~1%, down 71.2 points to 7,217.3 as higher than expected US inflation numbers shook Wall Street and markets globally. Miners advanced on the local benchmark index. It continues to be a volatile week for...

A strong week for Australian shares ended on a sour note after a revival of last month’s US rates panic lowered growth stocks and other rate-sensitive sectors. The S&P/ASX 200 shed 71 points or 0.98 per cent this afternoon following...

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...

Friday is proving to be a rough day for S&P/ASX 200 Index (ASX: XJO) technology shares as they weigh heavily on the broader market. In fact, at the time of writing, tech and buy now, pay later (BNPL) shares are among the ASX 200’s wors...

  Highlights The ASX 200 opened lower on Friday, tracking weak cues from Wall Street. The benchmark index opened 0.7% lower to 7237.9 points. In the overnight trade, Wall Street tanked following inflation data. The Australian sha...

World Overnight SPI Overnight 7133.00 – 50.00 – 0.70% S&P ASX 200 7288.50 + 20.20 0.28% S&P500 4504.08 – 83.10 – 1.81% Nasdaq Comp 14185.64 – 304.73 – 2.10% DJIA 35241.59 – 526.47 – 1.47% S&P500 VIX 23.91 + 3.95 19...

Given Megaport Limited (ASX:MP1) released its Q2 last month, much of the 1H22 result was known. Additional data points are a net positive with the significant investment in VME and channel (costs layered into 1H22) should drive an accelerat...

Today, the S&P/ASX 200 Index (ASX: XJO) notched up its third consecutive day of gains. At the end of the session, the benchmark index finished 0.28% higher at 7,288.5 points. The earnings surprises to the upside outweighed the company...

Highlights The Australian share market ended higher for a third straight session, extending its rebound from the heavy sell-off during late January. Anticipation continues in the markets as the US is expected to provide inflation updat...

ShareCafeMP1 – UBS rates the stock as Buy Following pre-announced 1H results, UBS is extremely upbeat on Megaport’s prospects and expects early signs of an uplift in the third and fourth quarters before an acceleration in FY23. Industry fee...

The share market eked out a third day of gains but finished well off its high as US equity futures retreated ahead of inflation data. The S&P/ASX 200 closed 20 points or 0.28 per cent ahead after earlier rising 68 points to a two-and...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record another gain. At the time of writing, the benchmark index is up 0.25% to 7,286.2 points. Four ASX shares that are climbing more than most today are listed below....

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Shares in Megaport Ltd (ASX: MP1) are charging higher in afternoon trade and now sit 7.8% up at $14.67 apiece. Investors are piling into Megaport as momentum spills over from the tech player’s half-yearly results released yesterday. Now...

The ASX rose for a third day as a recovery in tech stocks accelerated. Strengthening commodity prices and an upbeat trading update from NAB lifted mining and some bank stocks. The S&P/ASX 200 trimmed a 68-point opening surge to 12.5...

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to extend its winning run. The benchmark index is currently up 0.3% to 7,290.4 points. Here’s what is happening on the ASX 200 today: NAB Q1 update impresses The Natio...

Highlights The benchmark ASX 200 traded 0.72% or 52.5 points higher at 7,314.3 in the first 15 minutes of opening. Global stocks ended higher on Wednesday, with Wall Street rallying again, supported by tech giants. The information tec...

ASX tech shares have been punished in the last two months amid a wide sell-off in high-growth stocks. While investors have thrown support behind the ASX tech sector this week, it remains downbeat for the year. The S&P/ASX All Technolog...