Articles On Megaport (ASX:MP1)

09 Aug 2021 - Global network software Megaport (ASX:MP1), reports record performance for the period ending 30 Jun 2021 (FY21).

The Megaport Ltd (ASX: MP1) share price is on the move on Tuesday morning following the release of its full year results. In early trade, the network as a service (NaaS) solutions provider’s shares are up 1% to $17.60. Megaport share price...

Brisbane-based cloud technology company Megaport (ASX: MP1) is taking advantage of its strong cash position and earnings momentum to acquire a US company specialising in AI-powered software that manages multi-cloud systems. Megaport has si...

It was a flat day for the market despite a strong positive start, with the S&P/ASX 200 (ASX: XJO) giving up its initial 0.5% gain slowly throughout the afternoon. The majority of sectors were lower, or more broadly flat, with the financ...

Cloud computing is arguably one of the biggest disruptors to have happened over the last 15 years. The revolution has impacted many facets of our daily lives. Think Netflix, Spotify or Zoom – which enable us to watch movies, listen to music...

In early trade on Friday, the S&P/ASX 200 Index (ASX: XJO) is struggling to budge from its previous day’s close. While the broader index is struggling to find momentum, ASX tech shares are ripping ahead. At the time of writing, the ben...

Megaport PartnerVantage (MPV) will empower value-added distributors, managed services providers, systems integrators, data centre operators, agents, and other partners to accelerate and capture cloud connectivity opportunities. BRISBANE,...

Summary  The ASX200 ended 1.34% higher at 7,491.40, led by strong buying in tech and banking stocks. The index briefly breached 7,500 level during the session. BNPL majors Afterpay and Zip Co topped the gainers’ list, while Boral emer...

It’s that time of the year again – here’s your guide to ASX reporting season this August 2021. We’ve put together a reporting season calendar, showing when you can expect companies to release their results. Make sure to bookmark this page b...

Summary The ASX200fell 24.80 points or 0.33% to close at 7,392.60.  The index ended the week marginally lower, albeit it closed the month on positive note. Eight of 11 sectors ended in red, while tech and utilities topped the chart....

The ASX200 chalked up another day of gains in Thursday trade, and once again it was resources leading the way. The ASX200 Materials index posted a solid 1.51% gain, and has now risen by at least 1% on five of the last seven trading days. Pr...

Summary The ASX 200 opened higher and gained as much as 0.5%. The market was supported by strong rally in tech and material stocks. Iron ore miners Rio Tinto, BHP and Fortescue Metals hit new record highs. Australian shares witnes...

ShareCafeMP1 – Morgans rates the stock as Hold With full details of Megaport’s fourth quarter result now released, Morgans updates forecasts and increases its target price to $16.61 from $15.83. The first 21 sales of Megaport’s Virtual Edge...

Earlier this month Megaport Limited (ASX:MP1) pre-released the KPIs for its Q4 result. The highlights included: a record sale quarter on a number of fronts, first customers for their new MVE product and $136m of cash at bank.

Summary The AS 200 has continued its uptrend from the last session, opening 0.3% or 22 points higher. Wall Street extended gains on Wednesday, snapping a long losing streak. The market breadth has been extremely positive, as 10 out of...

The Megaport Ltd (ASX: MP1) share price is on the move on Thursday morning. At the time of writing, the elastic interconnection services provider’s shares are up 2.5% to $16.19. Why is the Megaport share price rising? Investors have been b...

World Overnight SPI Overnight (Jun) 7290.00 + 64.00 0.89% S&P ASX 200 7308.70 + 56.50 0.78% S&P500 4358.69 + 35.63 0.82% Nasdaq Comp 14631.95 + 133.08 0.92% DJIA 34798.00 + 286.01 0.83% S&P500 VIX 17.91 – 1.82 – 9....

ShareCafeWhen Will the Music Stop? “In the short run, the market is a voting machine but in the long run, it is a weighing machine”. The triumph of emotion over fundamentals to which Benjamin Graham’s famous quote refers is being played out...

Summary The S&P/ASX200 closed marginally lower by just 1.40 points at 7,332.10.  The index gained as much as 0.6% to hit an intraday high of 7,382.20. Eight of 11 sectoral indices settled in green, while industrial sector was the...

Summary The S&P/ASX200 closed 20 points or 0.83% higher at 7,333.50. The index gained 1% intraday to 7,353, crossing above its 20-day moving average. Eight of 11 sectors ended in green, while materials and realty gained the most....

Summary The S&P/ASX200 gained as much as 1.1% to 7,353 on Monday. The market witnessed a surge in buying, led by miners, banks, and energy stocks. Seven of 11 sectors were trading in green, led by materials with 2.25% gain. NRW H...

ShareCafeThe Week that Was – July 5-9, 2021 We at ShareCafe understand you are busy and may not have been left with enough time to keep up with the quality content we’ve been bringing you throughout the week. To make it easier to do so, her...

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 have caught my eye are summarised below. Here’s why brokers think these ASX shares are...

It was another mixed day for the S&P/ASX 200 (ASX: XJO) on Thursday, finishing slightly higher, up 0.2%, despite a strong opening. The S&P/ASX 200 is expected to open slightly lower on Friday, according to the Sydney Futures Exchang...

ShareCafeOvercast Skies Clearing for Megaport A buoyant quarterly update from Megaport halted the company’s recent share slide yesterday in a timely fashion. The shares had fallen 10% from its most recent high of $18.64 on June 30 to $16.45...

Shares in Megaport Ltd (ASX:MP1) are gaining today after the company released a report on its record performance over the final quarter of the 2021 financial year, which included an update on its products. At the time of writing, the Megap...

In early afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is pushing higher again. At the time of writing, the benchmark index is up 0.3% to 7,348.2 points. Four ASX shares that are climbing more than most today are listed below. Here...

At lunch on Thursday, the S&P/ASX 200 Index (ASX: XJO) is on course to record another decent gain. The benchmark index is currently up 0.4% to 7,356.3 points. Here’s what is happening on the market today: Zip share price rockets The Zi...

Despite some volatility, ASX shares are still trading at record highs. So is everything just too expensive to buy now? Are there any cheapies left that are actually decent businesses? Burman Invest chief investment officer Julia Lee certai...

Summary  The S&P/ASX200 ended 24.20 points or 0.33% lower at 7,290. The index declined over 1% to hit an intraday low of 7,261. The market sentiments were dented after the RBA announced the plan to tweak its quantitative easing to...

Summary The S&P/ASX200 ended 6.40 points higher at 7,315 ahead of the RBA policy decision due tomorrow. The index gained as much as 0.5% to hit an intraday high of 7,343.   Six of 11 sectors ended lower, while tech led the fall wi...

Time goes by so fast… FY2021 is now over and FY2022 has begun. And may it bring wealth and success to all investors! But with a new financial year underway, it’s a great time to look back on the year that was, and check out some of the bes...

The S&P/ASX 200 Index (ASX: XJO) delivered its biggest year of gains since its creation in 2000. At the final bell for the 2021 financial year on Wednesday evening, the benchmark index had finished 24% higher than it was a year prior....

Summary The ASX 200 ended 43 points or 0.59% higher at 7308.60, led by gains in energy, telecom, and banks Barring tech and consumer staples, all sectors ended in green. Edutech firm IDP Education was the top gainer, while intellectua...

Summary The ASX 200 was trading higher by 21.90 points or 0.30% at 7,287.50 by Friday afternoon. Barring tech, all sectors were trading in green, while energy was the top gainer. Gaming start-up BlueBet Holding made strong debut on th...

At lunch on Friday, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a positive note. The benchmark index is up 0.25% to 7,284.6 points. Here’s what is happening on the market today: IDP Education rockets on acquisition...

Citi’s equities desks was auctioning a $34 million stake in Megaport on Thursday night. 

Inflation and interest rates have completely dominated ASX share market discussions the past few months. Is post-COVID inflation just a fad or will it stick around? Will central banks lose their nerve and raise interest rates earlier than...

ActivePort’s unique SD-WAN technology has attracted a lot of interest from international clients due to its software’s flexibility and competitive pricing. ActivePort, an Australian software company that helps companies manage their cloud c...

It is always interesting chatting about the big macroeconomic forces impacting and influencing corporate profits, property prices and job prospects. But our main game is investing. And investing in smaller companies not only offers the oppo...

Summary Intrinsic value is the measure of what a company or an asset is worth. Currently, the A2M share price is down 47.6% on YTD basis and 66.3% down from a year ago. Webjet holds dominant market share and has a strong liquidity pos...

Summary The ASX 200 closed lower for the second day in a row, falling 0.32% to 7,275.30. The ASX health care and energy stocks were among top losers, while tech and consumer staples emerged as top gainers. Australian retailer Woolwort...

On 21st June 2021, the broader Australian markets ended the session in red as market sentiments were impacted due to the expectations that the US Fed might hike the interest rates sooner than anticipated earlier. As a result, ASX 200 fell b...

The Megaport Ltd (ASX: MP1) share price closed today at an all-time high. Earlier in the day, Megaport shares touched a record high of $18.27 before settling to close at $18, up 2.27%. What’s helped drive Megaport’s growth? The company des...

Summary The ASX 200 closed sharply lower by 133.60 points or 1.81% at 7,235.30. The market witnessed a sharp, heavy sell-off on persistent concerns over hawkish outlook by the US Federal Reserve. All four big four lenders - Westpac, C...

Summary The ASX dropped over 2% to hit intraday low of 7,216.60, led by sharp sell-off in financials, energy, and industrial stocks. The market sentiments were dented by the US Fed official comment that the central bank might raise int...

At lunch on Monday, the S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a sizeable decline. The benchmark index is currently down 1.9% to 7,225.9 points. Here’s what is happening on the market today: Bank of Queensland...

At the start of each week I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers. This is because I believe it is well worth keeping a close eye on short interest levels as high levels c...

ShareCafeAustralia in the “Living With Covid” Era Style factors continue to play an important role Strong GDP growth this year is already priced into Australian share prices. For 2022, our expectation is that local and global growth will...

ResMed Inc (RMD), Lifestyle Communities (LIC), Magellan Financial Group (MFG), Cochlear (COH) and Megaport Limited (MP1).