Macquarie Telecom Group Ltd traded at 65.00 this Wednesday August 5th, increasing 0.93 or 1.45 percent since the previous trading session. Looking back, over the last four weeks, Macquarie Telecom gained 1.85 percent. Over the last 12 months, its price fell by 9.47 percent. Looking ahead, we forecast Macquarie Telecom Group Ltd to be priced at 59.19 by the end of this quarter and at 55.69 in one year, according to Trading Economics global macro models projections and analysts expectations.
Macquarie Technology Group Limited is an Australia-based datacenter, cloud, cybersecurity and telecom company. The Company is engaged in the provision of telecommunication, cloud computing, cybersecurity and data center services to corporate and government customers within Australia. The Company operates through three segments: Cloud Services and Government, Data Centres and Telecom. The Cloud Services & Government segment is engaged in the provision of services utilizing the Company and its subsidiaries’ data center facilities to provide cybersecurity, colocation services, public and private cloud and storage to corporate and government customers. The Data Centres segment is engaged in the provision of services utilizing the Company and its subsidiaries’ data center facilities to wholesale customers. The Telecom segment is engaged in the provision of voice and mobile telecommunications services and the provision of services utilizing the Company and its subsidiaries’ data network.