Sam Twidale, Portfolio Manager for the DNR Capital Australian Emerging Companies Fund, explains why he believes recent volatility in equity markets has provided some excellent opportunities in the smaller cap sector.
The company has hit the target of 300 physical data centres as well as increased services and customers. UBS believes the compounding effect of stronger quarterly growth could have a material impact on the long-term revenue potential.
Megaport has completed a $27.8m placement of new shares with Digital Realty taking a 4.9% stake. The company will end FY17 with around 165 data centres and has guided to 220 by end-FY18 and the broker believes Megaport now operates the biggest Digital connectivity platform in the world.