市场见解

Why the Whispir (ASX:WSP) share price is surging 10% higher today

The Whispir (ASX:WSP) share price is surging higher today after renewing its agreement with Telstra Corporation Ltd (ASX:TLS)…
The post Why the Whispir (ASX:WSP) share price is surging 10% higher today appeared first on The Motley Fool Australia. –

rising asx share price in food and consumer staples sector represented by happy face made from cut up banana

The Whispir Ltd (ASX: WSP) share price has been a very strong performer on Friday morning.

At the time of writing, the communications workflow platform provider’s shares are up over 10% to $4.33.

This latest gain means the Whispir share price is now up 188% since this time last year.

Why is the Whispir share price zooming higher today?

Investors have been buying Whispir shares following the release of a positive announcement this morning.

According to the release, the company has renewed its business partner agreement with telco giant Telstra Corporation Ltd (ASX: TLS).

Whispir and Telstra have agreed to extend their agreement for a further period of three years. Positively, this is on the same terms and conditions as their previous agreement.

The release explains that the agreement allows Telstra to enter into contracts with its customers for the re-sale of the Whispir platform and other services. The agreement also provides the terms under which Telstra can use the Whispir platform and services for its own internal purposes.

What else is supporting the Whispir share price?

The Whispir share price may also be getting a boost today from bargain hunters swooping in following a 7.5% decline on Thursday. The company’s shares dropped following the release of its half year results.

While its results were very strong, it appears as though some investors were expecting an even stronger result or a greater upgrade to its annualised recurring revenue (ARR) guidance.

Management has narrowed its ARR guidance range from between $51.1 million and $55.3 million to between $53 million and $55.3 million. This represents a year on year increase of 21% to 31% over FY 2020’s ARR of $42.2 million.

In addition, Whispir’s CEO, Jeromy Wells, spoke positively about the future and its international expansion.

He said: “While ANZ currently accounts for around 81.9% of total revenues, Asia and North America are key to our longer-term growth strategy and we anticipate these markets will account for 50% of Group revenues by the end of FY23. We are sustainably building our footprint within Asia and leveraging past learnings within North America to ensure we are able to capitalise on our largest market opportunity.” 

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Whispir Ltd. The Motley Fool Australia owns shares of and has recommended Telstra Limited. The Motley Fool Australia has recommended Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Why the Whispir (ASX:WSP) share price is surging 10% higher today appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!