Articles On Megaport (ASX:MP1)

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...

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...