Articles On Megaport (ASX:MP1)

A relief rally lifted the ASX 200 back above the 7000 level as a pause in this week’s bloodletting on Wall Street brought buyers back to market. The S&P/ASX 200 bounced 95 points or 1.36 per cent to 7036 by mid-session. The rally bro...

Shares in Megaport Ltd (ASX: MP1) are shifting higher on Friday and now trade 6% in the green at $7.01 apiece. The Megaport share price has traded 62% in the red since market activity resumed in January. What’s up with the Megaport sha...

World Overnight SPI Overnight 6911.00 – 5.00 – 0.07% S&P ASX 200 6941.00 – 123.70 – 1.75% S&P500 3930.08 – 5.10 – 0.13% Nasdaq Comp 11370.96 + 6.73 0.06% DJIA 31730.30 – 103.81 – 0.33% S&P500 VIX 31.77 – 0.79 – 2.4...

You might be sick of hearing this, but turbulent times like now mean it’s more important than ever to retain a long-term view of ASX shares. You might look at a particular stock and be horrified that it has dropped half its value this year...

Highlights ASX 200 fell 1.8% to 6941 points, the lowest closing level since late January. Tech stocks shredded both in the US and Australia with the local tech sector dropping by 8.7% after latest US inflation numbers spooked markets....

ASX 200 drops for the third day this week Tech sector sank 7% on bearish sentiment US CPI was higher than expected   Local shares fell again today, capitulating to their third loss this week. At the close, the ASX 200 fell by 1.82% with a...

Aussie shares declined for the fourth time in five days after the Dow logged its longest losing run since 2020. The S&P/ASX 200 shed 74 points or 1.06 per cent by mid-session. The benchmark was stuck below the psychologically-signifi...

While share markets have turned pretty dark in recent months, we know from past experience that it could all turn around pretty quickly. However, to combat rising interest rates, experts are emphasising quality. There is no universal defi...

The share market fell for a fourth day as declines in banking and tech stocks outweighed gains in defensive pockets of the market. The S&P/ASX 200 pared an early fall of 59 points to 10.5 points or 0.15 per cent by mid-session. On...

ASX 200 extended loss, down by 1.43% All sectors fell except for Energy Tech and Real Estate were the worst performers   The ASX has extended its selloff as local stocks closed to the lowest level in two months. At the close, the benchmar...

The share market closed at a seven-week low as soft Chinese economic data pushed the dollar below 70 US cents and sapped buying interest in mining stocks. The S&P/ASX 200 shed 85 points or 1.18 per cent. Today’s close was the weakest...

The Appen Ltd (ASX: APX) share price rollercoaster continues on Thursday with the stock recovering its losses for the week so far. There’s been no news from the provider of data for artificial intelligence to explain today’s surge. However...

If you’re a growth investor with room for some new portfolio additions in May, 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: Breville Group Ltd ...

Megaport gets support of major investment firms increasing holdings Gold Road Resources increases stake in DGO Gold as part of takeover offer Milford Asset Management shows confidence in Neuren Pharmaceuticals Trading Places is Stockhead...

The S&P/ASX 200 Index (ASX: XJO) was out of form during a very volatile April. The benchmark index lost 0.9% of its value during the month to end it at 7,435 points. Although a good number of shares dropped with the market, some fell m...

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...