07/06/2022 09:38

Megaport Ltd (MP1) $6.30

MP1 has fallen over 70% from its 2021 high managing to underperform all of the mainboard ASX Tech Sector in the process to-date in 2022. MP1 is a global connectivity company essentially facilitating upscaling (and downscaling) of network capacity for corporates, important as we all move more towards the cloud. The business generated $27.9mn in revenue through the 3rd quarter of FY22, up 5% on the previous quarter plus importantly...

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21/04/2022 17:20

Megaport (MP1) $10.01

MP1 -21.55%: a very disappointing 3rd quarter update from the network connections business today which is struggling for growth. Monthly Recurring Revenue (MRR) was up just 3% on the previous quarter to $9.5m. Though this was hampered by FX headwinds, the annualized rate of $114m leaves them on a very expensive ~15x sales multiple. Shares closed on the day’s low, sending them back to a 2 year low.

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07/04/2022 09:11

Megaport Ltd (MP1) $13.66

This week saw Macquarie Group (MQG) name Megaport (MP1) as their favourite Australian tech stock, a very contrarian call considering its more than 40% plunge since late 2021. They believe the cloud computing companies marketing strategy will be enough to overcome the downside risks from its pricing model, obviously time will tell but we like the risk / reward into new lows for the year which is definitely not out of the question considering the stocks recent decline.

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24/02/2022 09:14

Megaport Ltd (MP1) $12.98

As we mentioned previously we believe tech stocks are poised to correct their savage decline since late 2021, potentially even the underperformers like MP1 which has tumbled over 40% at a rate of well over 10% per month. We’re not an interested buyer of MP1 but it looks very similar to ALU and HUB with the next 15% looking likely on the upside.

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03/02/2022 09:30

Megaport Ltd (MP1) $13.89

MP1 has plunged over 40% in less than 3-moths with the elastic interconnection service provider following tech lower in a magnified manner after delivering a very average 2nd quarter trading update, clearly not good news for a stock priced for growth – quarterly revenue increased 8% which was not enough to appease investors as the company increased their investment spend.

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01/02/2022 09:29

Megaport Ltd (MP1) $13.40

MP1 has plunged 27.8% so far in 2022 following a disappointing quarterly update from the interconnection service provider plus of course the overall negative sentiment in the Tech Sector. As subscribers know we believe 2022 will be a year where quality floats to the top and high valuation stocks will need to deliver on growth to justify valuations i.e. the market...

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10/08/2021 15:35

Megaport (MP1) $17.90

MP1 +3.11%: The Network as a Service (NaaS) provider had pre-reported top-line metrics however the details of the result was positive. Revenue of $78m was largely inline with consensus expectations.

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10/08/2021 09:29

Reporting Today (CGF, CPU, CRN, JHX, MP1)

Companies reporting today on MM’s radar:

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22/07/2021 17:20

Megaport (MP1) $15.80

MP1 +0.06%: A good quarterly update from MP1 this morning with accelerating momentum across all important parts of the business. There wasn’t a lot of ‘new news’ out today given their last update at the start of the month however all key metrics are headed in the right direction and the business is back on a solid growth footing. That said, the muted share price reaction speaks to our believe that tech / growth is incredibly well owned and the upside momentum is starting to wane.

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09/07/2021 09:27

Nuix Pty Ltd (NXL) v Megaport (MP1)

MM has enjoyed a +37% appreciation by MP1 over the last 3-months but we’ve been considering whether it has simply become a case of too much too fast and yesterday’s lackluster reaction to an excellent quarter, which showed record growth across all areas, supports this thought.

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