22/08/2024 16:56

Megaport Ltd (MP1) $9.32

MP1 -20.95% plunged after guidance missed estimates, with the connectivity provider forecasting EBITDA for 2025 of $57-65mn, well below analyst expectations. The FY24 numbers were ok, but all eyes were on the guidance.

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14/06/2024 09:49

Megaport Ltd (MP1) $12.75

Every dog has its day is not always true in the stock market, but it has been the case with MP1 for investors fortunate enough to have timed their entry well – the stock was at $22 back in 2021. The network connectivity business has delivered in 2024 with an upgrade and excellent earnings report in January, which showed the impressive combination of an increasing number of new customers, strong revenue and lower costs.

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29/04/2024 16:46

Megaport (MP1) $14.10

MP1 -1.33%:  the network connectivity business struggled today despite upgrading FY24 expectations at their 3Q update. They now expect EBITDA of $56-58m for the year on the back of a $14m result int eh quarter. Free Cash Flow (FCF) came in ahead of expectations as well, up $1m on 2Q even after stripping out a $5.5m revenue share payment the company received in the period.

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20/03/2024 09:27

Megaport Ltd (MP1) $15.08

MP1 has undoubtedly been on a wild ride since COVID-19, but things have improved decidedly over the last year. To quote Megaport themselves, in simple English, “Megaport enables direct and dedicated connectivity between data centres and to cloud environments to negate the use of the public internet.”  In other words, they deliver a reliable, secure connection for businesses optimised for a high volume of data which clearly benefits the end user on several levels.

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30/01/2024 16:44

Megaport (MP1) $12.48

MP1 +27.61%: communication technology provider surged briefly to 18-month highs today on the back of strong profitable growth despite facing some headwinds. In the 2Q update today, the company added 39 new customers, 192 Ports (to 10,291) and 1,060 services (to 32,250) in one of their best quarters in recent years including a key data centre client win

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16/11/2023 09:29

Megaport Ltd (MP1) $10.59

Throughout 2023, we have resolutely stuck to our bullish outlook for US tech, which has panned out perfectly with the NYSE FANG+ Index now poised to make fresh all-time highs. Similarly, the local Tech Sector has enjoyed a stellar time, rallying +21.7% year-to-date, although volatility has increased over the last few months with the market's tolerance to average company news waning by the day.

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26/10/2023 16:50

Megaport (MP1) $9.63

MP1 -16.33%: any sign of weakness in the Tech sector has been treated harshly recently, and connectivity company Megaport was no exception today despite maintaining FY24 guidance. The company hit record quarterly EBITDA of $15m which compares to the $1m EBITDA in 1Q23 and up 27% on the prior quarter.

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22/08/2023 17:02

Megaport (MP1) $12.15

MP1 +16.94%: Most of their FY23 result had been pre-reported to the market, so no new news in that respect, however, the guidance for FY24 was a surprise both in terms of the quantum and the elevated detail which has been a major criticism in the past.

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01/08/2023 09:51

The “unloved” stocks are catching a bid, who could be next?

We have already missed a couple of opportunities where stocks which have been struggling over the last 2 years sprang back to life with a vengeance, one we even discussed days before it rocketed higher. However, we don’t find this disheartening more a confirmation of the trend we are expecting to unfold through the 2H.

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13/07/2023 09:23

Megaport Ltd (MP1) $9.48

MP1 has already surged over +40% following the upgrade this week, the horse has clearly bolted from a risk-reward perspective but we still wouldn’t be fading its ascent towards $10.

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