Megaport Ltd
MP1: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$82.60 | Qjd | Qbjkkycvr |
Megaport Earnings: With Growth High and the Firm Profitable, New CEO Sees More Opportunities Ahead
Megaport’s preliminary fiscal fourth-quarter results were unsurprising, considering the firm made an early announcement of its rosy profit and cash flow ranges two weeks ago. Even through its challenges last year, we continued to notice Megaport’s durably high growth rate and uninterrupted path toward profitability. The second half of fiscal 2023 marked what we view as the inflection point toward durable profits and cash flow, and new CEO Michael Reid, in his first earnings call, was enthusiastic about ways to drive the top line further.