Image Source: © Elizaliv | Megapixl.com
- 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-
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.
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