Stevo - I'll try keep in non tech terms. NXT is one of the larger players in Australia but not globally. They have 9 DC's in Australia. The main competitor in Aus is Equinix, listed on the NASDAQ (EQIX) with 12 DC's in Aus and 200+ globally. You will find most DC (cloud storage) and IP Transit (bandwidth) providers have fared well through COVID-19 as demand increased for 'cloud' based services with home workers (think Zoom). Companies will invest more into remote working and beneficiaries will be companies like NXT and EQIX. Also companies like MP1 & SLC (IP Transit providers) have had a strong bounce back from the initial COVID-19 sell offs as demand increased for their services. DYOR.
NXT Price at posting:
$8.61 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)