Job losses, Megaport, Pinnacle, Origin, GQG
Fund Manager Chris Pedersen discusses Megaport, Pinnacle Investment Management Group, Origin Energy and GQG Partners.
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Megaport Limited
Megaport’s mission is to take everything we know about traditional networking – flip it and reverse it – and put the power back into the hands of the consumer.
Enterprises that double down on control, choice, and cost-efficiency have the ability to do smart business today, while building for the future. Megaport have been giving consumers the network connectivity they deserve with global availability, right-sized bandwidth, and on-demand consumption.
Megaport have created the network that’s bringing the world’s businesses closer together.
Megaport was founded in Australia by industry expert and entrepreneur Bevan Slattery (iSeek, PIPE Networks, NextDC, Asia Pacific Data Centre Trust, SubPartners, Superloop, Cloudscene) who aimed to create an SDN-based platform that gave customers access to elastic interconnection services, aligning these network services to cloud-based models. The vision was to give customers greater simplicity, control, and choice over how they connected to and between the services, applications, providers, and networks they needed for their businesses.
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Job losses, Megaport, Pinnacle, Origin, GQG
Fund Manager Chris Pedersen discusses Megaport, Pinnacle Investment Management Group, Origin Energy and GQG Partners.
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News
Megaport shares soar after upgraded guidance
11 Jul 2023 - Shares of Megaport (ASX:MP1) are soaring after the company announced an upgrade to its EBITDA guidance for FY23.
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Emerging Tech Not for the Faint of Heart
As the recent rollercoaster ride for network as software services (NASS) company Megaport shows, the life of an emerging tech stock can be hard - as it can for those who invest in them.
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Megaport Shares Hit on Sector Weakness, Soft Guidance
Investors sold off Megaport shares yesterday amid more general weakness among the techs and what investors thought was a less than convincing update for the second quarter.
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Overcast Skies Clearing for Megaport
A buoyant quarterly update from Megaport halted the company’s recent share slide yesterday, as news of record growth seems to have turned investor sentiment in their favour.
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Analyst Views
MP1 – Morgans rates the stock as Hold
Morgans lowers its target price to $10.65 from $14.50 and maintains its Hold rating.
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MP1 – Citi rates the stock as Buy
The broker retains its Buy rating and $20.20 target price.
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MP1 – UBS rates the stock as Buy
The broker maintains its Buy rating and $21.75 target price.
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MP1 – Morgans rates the stock as Hold
With full details of Megaport’s fourth quarter result now released, Morgans updates forecasts and increases its target price to $16.61 from $15.83.
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MP1 – UBS rates the stock as Buy
While remaining positive, UBS requires a sign that the new sales initiatives are in place and driving stronger port growth. Buy rating and $17.10 target maintained.
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