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How ASX investors can profit from the cloud computing boom – Motley Fool Australia

NEXTDC Ltd (ASX:NXT) and these ASX shares could be the best ways to gain exposure to the cloud computing boom on the ASX…

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One area of the technology sector which is booming in 2020 is cloud computing. This technology really came to prominence this year as people worked from home or streamed endless hours of entertainment via Netflix during lockdowns.
The good news is that this seismic shift is still only getting started and more and more infrastructure is expected to move onto the cloud in the coming years.
I believe this bodes well for the three ASX shares listed below. So much so, they could be top long term options for investors. Here’s why:
Macquarie Telecom Group Ltd (ASX: MAQ)
Macquarie Telecom is a provider of telco and hosting services to corporate and government customers. It is the latter offering that I believe will be the key driver of growth for the company over the 2020s. Its Hosting segment has been growing at a very strong rate and appears well-positioned to continue doing so. Especially after recent capacity expansions were undertaken in order to capture the increasing demand for cloud and cyber security services in Australia.
Another ASX share that looks well-placed to benefit greatly from the cloud computing boom is Megaport. It offers scalable bandwidth for public and private cloud connections, metro ethernet, and data centre backhaul. Its global platform also enables customers to rapidly connect their network to other services across the Megaport Network. They can then be directly controlled by via mobile devices, their computer, or its open API. At the last count, Megaport was connecting more than 1,777 customers in 601 enabled data centres.
A final ASX share to consider buying for exposure to the cloud computing boom is NEXTDC. It is an innovative data centre operator which operates a collection of world class sites in key locations across Australia. Demand for its services has been growing very strongly in recent years and particularly in 2020 during the pandemic. This has led to the announcement of major contract wins and the construction of new data centres to cope with demand.
5 stocks under $5
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys
. And you can buy them now for less than $5 a share!
See the 5 stocks
*Extreme Opportunities returns as of June 5th 2020

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Alliance pounces on planes deal, buying 14 Embraer jets – The Australian

A $111m deal done entirely over the internet will see Brisbane-based airline Alliance take delivery of 14 Embraer E190 jets from September.

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A $111m deal done entirely over the internet will see Brisbane-based airline Alliance take delivery of 14 Embraer E190 jets from September.
The seemingly COVID-resistant carrier raised the funds in an institutional placement and share purchase plan in June after seeing the opportunity to expand its fleet at a good price in the current pandemic.
Alliance managing director Scott McMillan said the second-hand jets from Azorra Aviation in the US were previously operated by Panama’s Copa Airlines,…

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‘Disgusting’: Woman’s photo at Woolworths checkout sparks debate – Yahoo News Australia

A Woolworths customer accused the shopper in front of her of ‘hoarding’ but people quickly came to the defence of the woman’s large purchase.

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A Woolworths customer has lashed out at another shopper, describing her as a hoarder for her enormous grocery shop in a Victorian store.
A customer wrote on the Woolworths Facebook page on Sunday they were disappointed and angry when the woman spent about $1200 at a store in Highett, in Melbournes southeast.
Her items included about 15 trays of mince. So, so selfish, the customer wrote just before the supermarket reinstated purchase limits in the state.
The post was accompanied by an image of…

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Solomon Lew decries government ‘inaction’ as retail shutdown announced – Sydney Morning Herald

Billionaire retailer Solomon Lew has hit out against new limits on retail trade in Victoria, accusing the Andrews government of causing unnecessary damage to the economy.

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“We expect significant consequences from the inaction, in particular, vast amounts of cost in federal government stimulus that is going to be required to support the Victorian community through this challenging period.”
Major retailers such as Harvey Norman, JB Hi-Fi, Officeworks and David Jones, which traded through the first and second lockdowns in the state, will now be required to shut their doors for the next six weeks due to the rule changes.
Supermarkets, liquor stores, newsagents, fuel…

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