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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. We intend to reduce our heavy portfolio skew towards tech in the coming days.

MM is now neutral on Megaport (MP1)
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Megaport (MP1)
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