Megaport (MP1)

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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08/07/2021 17:02

Megaport (MP1) $16.61

MP1 +0.48%: Out with a trading update this morning and the numbers were very strong from customer adds, new ports & monthly reocurring revenue (MRR) – all the key metrics were records and show the business returning to the growth that investors hold the stock for.

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07/07/2021 09:40

Megaport Ltd (MP1) $16.40

We highlighted MP1 as a potential sell last week and the stock feels like it may be showing its hand falling hard over the last 2-weeks even as US tech rallies – the stock remains high on our list of vehicles to lighten our tech exposure.

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30/06/2021 09:34

Megaport Ltd (MP1) $18.20

After I contemplated an aggressive purchase of NXL the next thought that crossed my mind was what tech stocks should we sell to fund the purchase i.e. we are already very overweight the sector.

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22/06/2021 09:14

Megaport Ltd (MP1) $18.00

MM has held a 3% position in MP1 since September last year and while it hasn’t always been plain sailing yesterdays pop to fresh all-time highs rewarded our confidence in the business / company.

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03/06/2021 09:05

Megaport Ltd (MP1) $14.72

MP1 fell almost 5% yesterday making it the markets worst performer however following its strong 46% recovery over the last couple of months a pullback isn’t surprising, MM will consider increasing our position into any weakness under $14.

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27/05/2021 09:30

NEXTDC Ltd (NXT) $11.18

Yesterday saw data centres services company NXT rally over +5% as it embraced the increasing momentum of the IT recovery theme.

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