I struggle to understand what the market doesn't like here... at a guess, it is a) that the company is too difficult to "communicate with", since they don't need analysts in their pocket to raise new capital or prevent a hostile takeover and b) that there is caution as to whether hosting margins can be maintained in the face of competition.
The latter point will be the one to watch - although MAQ has to still be in a strong position, even if margins weaken. One thing the analysts may not be accounting for is that much of the voice revenue is "pass through" and therefore a reduction in voice revenue is of little concern vs increase in hosting revenue. Hosting requires capital and a return on capital (for competition) and is in a growth phase. Return on capital is not going to become uncommercial while demand is growing.
Having said that, I am disappointed that the price is not responding to positive developments and is well off the highs. I think it is worth more, but am cautious in the face of a market that doesn't agree.
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Last
$83.39 |
Change
-0.640(0.76%) |
Mkt cap ! $2.147B |
Open | High | Low | Value | Volume |
$84.20 | $84.26 | $82.75 | $754.7K | 9.052K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10 | $83.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$83.39 | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 83.240 |
1 | 13 | 83.220 |
4 | 23 | 83.210 |
3 | 20 | 83.180 |
1 | 5 | 83.160 |
Price($) | Vol. | No. |
---|---|---|
83.360 | 27 | 4 |
83.370 | 4 | 1 |
83.380 | 4 | 1 |
83.390 | 5 | 1 |
83.410 | 2 | 1 |
Last trade - 13.50pm 08/10/2024 (20 minute delay) ? |
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