In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record another small gain. At the time of writing, the benchmark index is up 0.3% to 7,526.3 points.
Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:
Aussie Broadband Ltd (ASX: ABB)
The Aussie Broadband share price is up 6.5% to $4.00. This gain appears to have been driven by a broker note out of Ord Minnett. In response to yesterday’s full year results, the broker has retained its buy rating and lifted its price target on the broadband provider’s shares to $4.32. Ord Minnett is expecting another strong year for the company in FY 2022.
Dubber Corp Ltd (ASX: DUB)
The Dubber share price has jumped 8.5% to $3.96. Investors have been buying the call recording technology company’s shares following the release of a strong full year result. In FY 2021, Dubber reported a 142% jump in annualised recurring revenue (ARR) to $39 million. This was underpinned by a 118% increase in subscribers to over 420,000.
Regis Healthcare Ltd (ASX: REG)
The Regis Healthcare share price has climbed 6.5% to $2.10. This aged care provider’s shares have stormed higher after it reported a return to profit in FY 2021. For the 12 months ended 30 June, Regis delivered a net profit after tax of $19.9 million. This compares to a loss of $0.7 million a year earlier.
Webjet Limited (ASX: WEB)
The Webjet share price is up 3% to $5.66. This follows the release of a positive trading update by the online travel agent ahead of its annual general meeting. That update reveals that the company’s key WebBeds business returned to profit during the month of July. Pleasingly, it has continued to be profitable in August and is expected to remain this way moving forward.
The post Why Aussie Broadband, Dubber, Regis Healthcare, & Webjet are storming higher appeared first on The Motley Fool Australia.
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More reading
- The Aussie Broadband (ASX:ABB) share price is up 40% in a month. What’s next?
- ASX 200 midday update: Harvey Norman’s record profit, PointsBet posts large loss
- Regis Healthcare (ASX:REG) share price leaps on return to profit
- Which ASX shares are leading the way on the ASX 300 today?
- Dubber (ASX:DUB) share price charges higher after doubling revenue in FY21
Motley Fool contributor 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 has recommended Aussie Broadband Limited and Dubber Corporation. The Motley Fool Australia owns shares of and has recommended Dubber Corporation and Webjet Ltd. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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