Image Source: © Elizaliv | Megapixl.com
Highlights
- MP1 share price has fallen to its 3-month low today.
- Megaport’s MRR growth has slowed down despite overall financial growth in Q2-FY22.
- Megaport predicts it will showcase additional capacity and automation in next quarter.
Technology sector company, Megaport Limited (ASX:MP1) shares have headed south today. The shares have crashed by over 11% since trade began today. MP1 is trading at AU$16.060 each as of 11:30 AM AEDT. The tech company’s shares have crashed despite a positive Q2-FY22 update, released today on ASX.
How has Q2-FY22 been for Megaport?
Talking about the Megaport’s way ahead, the company’s management said-
Bottom line
Despite growth in sales and channel additions Megaport shares have not managed to gain investor confidence on ASX. The technology sector sell-off seems to have overpowered Megaport’s strong quarterly performance.
More from Healthcare- Universal Biosensors (ASX:UBI) launches Sentia Malic Acid Test globally
Updates on Covid-19- Vaccination proof required in Western Australia: All you need to know
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and