Articles On Megaport (ASX:MP1)

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.

Asian stocks lacked direction today as investors are keenly waiting for US inflation data. The Nikkei 225 in Tokyo was up close to 1% to 28,069.28 and the Shanghai Composite Index was trading flat at 3,532.23. The Kospi in South Korea was d...

The ASX 200 touched new fresh intraday highs today of 7,615, before softening towards the close to 7,576 for a 0.19% gain. Utilities, energy, and miners were the best performers, while tech and telco stocks underperformed. Commonwealth Bank...

ASX tech shares have certainly become more than a passing fancy for ASX investors. With fabled success stories like Afterpay Ltd (ASX: APT), Xero Limited (ASX: XRO) and WiseTech Global Ltd (ASX: WTC), it’s certainly hard to ignore this sec...

In late afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a gain. At the time of writing, the benchmark index is up 0.2% to 7,577.6 points. Four ASX shares that have failed to follow the market higher today are l...

While FY21 results for Megaport were generally well received, opinions vary over the impact of the short-term cost of reinvestment. -Megaport achieves breakeven for earnings in June-Strong pipeline for the Megaport Virtual Edge product-Nort...

The S&P/ASX 300 Index (ASX: XKO) is surging during afternoon trade as we continue to progress through the earnings season. At the time of writing, the ASX 300 is again moving into uncharted territory, hitting a record high of 7,600 poi...

With record-breaking run-on Wall Street and bumper results by CBA early in the morning, the equity markets in Australia continued their record-shattering rally - extending the gains for the sixth consecutive session. The overall sentiment i...

Welcome to the FNArena Corporate Results Monitor. Today's Reports: ((CGF)) - Challenger ((CRN)) - Coronado Global Resources ((JHX)) - James Hardie Industries ((MP1)) - Megaport ((RKN)) - Reckon Check it out at https://www.fnarena.com/ind...

The Megaport Ltd (ASX: MP1) share price has tanked 4.86% to $17.03 after dipping to an intraday low of $16.65, despite no price-sensitive announcements on Wednesday. Shares in the network as a service (NaaS) provider have taken a turn for...

At lunch on Wednesday, the S&P/ASX 200 Index (ASX: XJO) is on form again and reaching new highs. The benchmark index is currently up 0.5% to 7,602.4 points. Here’s what has been happening on the ASX 200 on Wednesday: CBA delivers stron...

The S&P/ASX 200 Index (ASX: XJO) went up by 0.3% to 7,563 points. Here are some of the highlights from the ASX today: James Hardie Industries plc (ASX: JHX) The James Hardie share price went up 3% today after releasing its result for...

10 Aug 2021 - A snapshot of some of the news that broke today, featuring Challenger (ASX:CGF), Megaport (ASX:MP1) & Novonix (ASX:NVX).

Summary Shares of Megaport and James Hardie soared in intra-day trade on Tuesday after both companies announced robust earnings. While the Megaport share price rose 3.8%, the stock of building materials company Hardie jumped 5.8%. Meg...

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is fighting hard to stay in positive territory. At the time of writing, the benchmark index is up slightly to 7,541.9 points. Four ASX shares that are climbing more than most today a...

Cloud network-as-a-service provider Megaport Ltd (ASX: MP1) announced a 35% sales increase and narrowing cash outflow in its FY21 result. The market has reacted positively to the news with shares up 1.67% to $17.66. MP1 share price Source:...

Summary A panic selling in oil and gold prices and concerns over the rapid spread of the Delta variant of coronavirus dented global sentiment. The market breadth is very positive with 10 out of the 11 sectors trading higher today. Cha...

At lunch on Tuesday, the S&P/ASX 200 Index (ASX: XJO) has given back the majority of its morning gains and is just a fraction higher at 7,541.4 points. Here’s what is happening on the ASX 200 today: Challenger results disappoint The Ch...

ShareCafeAustralia… One Hour In… ASX200 up 33 ASX200 up 33 points (0.4%)  to 7571.   Challenger (+1.7%); reported FY profit $592m vs $416m loss last year.   CEO Richard Howes to step down.    FUM +29%.  Reiterated guidance. Commonwealth Ba...

The Megaport Ltd (ASX: MP1) share price has jumped into the green in early trade today. Today’s climb comes as Megaport gave a key update to the market, amid other announcements. Let’s cover what the releases entail. Quick recap on Megapo...

Here it is – your daily round up of ASX companies’ financial results. Reporting results to market this morning were Megaport (ASX:MP1), Challenger (ASX:CGF), Reckon (ASX:RKN), and Coranado (ASX:CRN).   Megaport (ASX:MP1) The Bevan Slattery...