Megaport Ltd

MP1: XASX (AUS)
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A$65.30BwyyYshzrjdzrb

Megaport Follows Impressive Fiscal Q4 Sales Release With Profit Metrics That Continue Improving

Megaport’s July 20 release of fourth-quarter sales and key performance indicators stabilized the stock, which had previously been acting as if there was a change to Megaport’s business. Just as the sales metrics showed there was no change to the firm’s top-line momentum, the Aug. 9 release of full fiscal 2022 financials showed the firm continues taking advantage of operating leverage and moving toward profitability. We believe the story is intact and are not making material changes to our forecast while maintaining our AUD 15 fair value estimate.

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