Why Aussie Broadband, Dubber, Regis Healthcare, & Webjet are storming higher

These ASX shares are having a good day…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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:

share price gaining

Image source: Getty Images

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.

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.

More on Share Gainers

A neon sign says 'Top Ten'.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a rather miserable Thursday on the ASX boards.

Read more »

Happy work colleagues give each other a fist pump.
Share Gainers

Why Actinogen, Devex, EOS, and Web Travel shares are charging higher today

These shares are outperforming the market on Thursday. What's going on?

Read more »

An old-fashioned panel of judges each holding a card with the number 10
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy hump day for investors.

Read more »

Concept image of a businessman riding a bull on an upwards arrow.
Share Gainers

How these 3 ASX 200 mining stocks have more than tripled investors' money in a year

These large-cap ASX mining shares have rocketed 207% to 379% in a year. But how?

Read more »

Smiling couple looking at a phone at a bargain opportunity.
Share Gainers

Why AIC Mines, EOS, Flight Centre, and Nickel Industries shares are racing higher today

These shares are having a good session on hump day. What's driving this?

Read more »

An old-fashioned panel of judges each holding a card with the number 10
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares had a near miss this Tuesday.

Read more »

A graphic showing a businessman running up a white upwards rising arrow symbolising the soaring Magellan share price today
Share Gainers

How is this $1.2 billion ASX All Ords share rocketing 17% in Tuesday's sinking market?

The ASX All Ords share is surging in Tuesday’s slumping market. But why?

Read more »

Multiracial happy young people stacking hands outside - University students hugging in college campus - Youth community concept with guys and girls standing together supporting each other.
Share Gainers

Why Clinuvel, Elevra Lithium, Regis Resources, and SCEE shares are racing higher today

These shares are having a good session on Tuesday. But why?

Read more »