Megaport Ltd (ASX: MP1) Share Price and News

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Megaport Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.17 billion
P/E Ratio 121.83
Dividend Yield 0.00%
Shares Outstanding 160.38 million
Earnings per share 0.060
Dividend per share N/A
Year To Date Return -20.54%
Earnings Yield 0.82%
Franking -
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as at 24 Feb 3:44pm

  • Megaport Ltd (ASX: MP1)
    Latest News

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    Goldman Sachs has given its verdict on this tech stock following its results.

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    Why Collins Foods, G8 Education, Insignia, and Megaport shares are sinking

    These shares are being hit hard by investors on Thursday. But why?

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    Earnings Results

    Megaport share price crashes 22% on FY25 guidance disappointment

    The tech company delivered a strong result but its guidance has disappointed.

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    Here are the top 10 ASX 200 shares today

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    These 5 ASX tech shares are smashing the market today

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    Frequently Asked Questions

    No, Megaport does not pay dividends at this time.

    Megaport Ltd listed on the ASX on 17 December 2015.

    MP1 ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Megaport Ltd

    Megaport Ltd (ASX: MP1) is a software-defined network (SDN) service provider that allows customers to connect between around 860 data centres globally.

    The majority of its customer connections are to major cloud service providers, including AWS, Microsoft Azure, and Google Cloud Platform. Megaport also enables customers to connect between their own equipment in different locations and to internet exchanges. The company touts its flexibility in allowing its customers to connect to multiple applications and geographic locations almost instantaneously without the need for long-term contracts. 

    The company is divided into three segments: the Americas, Asia-Pacific, and Europe/the Middle East/Africa. 

     

    MP1 Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    20 Dec 2024 $7.31 $-0.14 -1.88% 5,052,471 $7.57 $7.68 $7.31
    19 Dec 2024 $7.45 $-0.88 -10.56% 2,487,707 $8.04 $8.04 $7.43
    18 Dec 2024 $8.33 $0.46 5.84% 1,472,192 $7.94 $8.33 $7.80
    17 Dec 2024 $7.87 $0.21 2.74% 1,237,156 $7.75 $7.90 $7.55
    16 Dec 2024 $7.66 $0.02 0.26% 1,391,488 $7.46 $7.77 $7.41
    13 Dec 2024 $7.64 $0.01 0.13% 567,327 $7.51 $7.75 $7.47
    12 Dec 2024 $7.63 $0.22 2.97% 618,473 $7.57 $7.64 $7.43
    11 Dec 2024 $7.41 $-0.02 -0.27% 1,213,484 $7.38 $7.48 $7.28
    10 Dec 2024 $7.43 $-0.42 -5.35% 2,875,399 $7.80 $7.83 $7.26
    09 Dec 2024 $7.85 $0.10 1.29% 743,647 $7.76 $8.04 $7.76
    06 Dec 2024 $7.75 $-0.04 -0.51% 433,927 $7.77 $7.88 $7.71
    05 Dec 2024 $7.79 $0.20 2.64% 657,753 $7.62 $7.80 $7.51
    04 Dec 2024 $7.59 $-0.14 -1.81% 495,595 $7.70 $7.75 $7.50
    03 Dec 2024 $7.73 $0.11 1.44% 707,932 $7.77 $7.79 $7.63
    02 Dec 2024 $7.62 $-0.27 -3.42% 686,568 $7.96 $7.99 $7.61
    29 Nov 2024 $7.89 $0.28 3.68% 754,219 $7.71 $7.90 $7.63
    28 Nov 2024 $7.61 $0.03 0.40% 766,139 $7.75 $7.87 $7.61
    27 Nov 2024 $7.58 $-0.03 -0.39% 1,124,343 $7.62 $7.63 $7.36
    26 Nov 2024 $7.61 $0.02 0.26% 1,139,691 $7.63 $7.81 $7.42
    25 Nov 2024 $7.59 $0.02 0.26% 2,415,608 $7.31 $7.64 $7.19

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    26 Nov 2024 Jay Adelson Issued 2,009 $15,288
    Issue of securities.
    26 Nov 2024 Michael Klayko Issued 2,009 $15,288
    Issue of securities.
    26 Nov 2024 Melinda Snowden Issued 2,009 $15,288
    Issue of securities.
    26 Nov 2024 Glo Gordon Issued 2,009 $15,288
    Issue of securities.
    01 Oct 2024 Melinda Snowden Buy 3,000 $22,590
    On-market trade. average price,
    03 Sep 2024 Michael Reid Buy 222,602 $1,807,528
    Conversion of securities.
    03 Sep 2024 Michael Reid Expiry 7,478 $60,721
    As advised by the company. 747,760 PRSUs, LAPSED
    03 Sep 2024 Michael Reid Exercise 222,602 $1,807,528
    Conversion of securities. 755,238 rIGHTS
    26 Aug 2024 Lauren Williams Buy 5,000 $45,639
    On-market trade.
    23 May 2024 Bevan Slattery Sell 1,100,000 $15,972,000
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Ms Melinda Frances Snowden Non-Executive Director Jun 2021
    Ms Snowden has over 29 years of experience in finance and has been a professional non-executive director since 2010 in a range of industries. Melinda has held previous non-executive director roles at MLC, Vita Group, Mercer Investments (Australia), Our Ark Mutual and Kennards Self Storage. Prior to her non-executive career, Melinda held investment banking roles with Grant Samuel, Merrill Lynch, and Goldman Sachs and was a solicitor in the corporate division of Herbert Smith Freehills. She is member of the Risk Committee.
    Mr Jay Adelson Non-Executive Director Mar 2019
    Mr Adelson has over 30 years of experience in technology and internet businesses globally. Jay co founded Equinix (NASDAQ: EQIX) in 1998. Jay also was in the establishment and operation of the original Palo Alto Internet Exchange for Digital Equipment Corporation in 1996. In 2005, he founded the first internet television network, Revision3, which was acquired by Discovery Communications in 2012. As CEO of Digg, Jay launched and grew the internet media company to tens of millions of users, and billions of impressions, a month. Jay has also founded and served as CEO for other companies across the technology and internet infrastructure spaces.
    Ms Glo Gordon Non-Executive Director Jul 2021
    Ms Gordon has more than 20 years of experience as a global executive in business operations strategy and sales at technology companies including Cisco, Oracle, SAP, and Xerox. She is currently CEO and board member of MATRIXX, a 5G digital commerce company in Silicon Valley. In 2014, Glo became the Chief Revenue Officer, responsible for Sales, Marketing and Customer Success for Jasper, a Silicon Valley IOT startup which was acquired in 2016 by Cisco for $1.4B. At Cisco, as Vice President and General Manager, IoT, Sales and Marketing, Glo held P&L responsibility for growth and margin for Cisco's Strategic IoT business unit. Prior to Jasper, Glo was with Oracle for 10 years and her last role was Group Vice President, Worldwide BSS/OSS applications sales, contributing double digit growth in recurring revenue for Oracle's Communications Business Unit for Telcos and Enterprise. More recently, Glo was Chief Revenue Officer at Uptake, an emerging leader in artificial intelligence, machine learning, and predictive analytics. He is chair of risk committee
    Mr Michael Klayko Non-Executive Director Mar 2021
    Mr Klayko has over 40 years of experience in the data storage, computer, technology and telecommunications industries. During his tenure as CEO of Brocade, he grew company revenue to over US$2.2 billion. Additionally, he has held leadership and Executive positions at technology companies including Rhapsody Networks, McDATA Corporation, EMC Corporation, Hewlett Packard, and IBM. Michael brings understanding of the technology and network solutions industry coupled with experience as a director of other publicly listed technology companies. He is an Operating Executive at Marlin Equity Partners, a global investment firm. Currently Michael serves as the Chairman of Star Compliance and is a board member of Process Unity and CE Broker. He is Member of the Risk Committee.
    Mr Michael Anthony Reid Chief Executive OfficerExecutive Director May 2023
    Mr Reid brings over 20 years of industry expertise and experience to Megaport. Michael joined Megaport from Cisco, where he led the pure SaaS Network Visibility Business, ThousandEyes, as Chief Revenue Officer. In this role, he transformed the go-to-market strategy, scaling the team from 150 to nearly 400, expanding into new countries, and growing annual recurring revenue by 2.4 times. Previously, Michael spearheaded multiple acquisitions as Cisco's World-Wide Head of Sales based in California, USA. Prior to this, he led Cisco sales in Queensland, the Northern Territory and Papua New Guinea and, before that, led Cisco sales to Australia's financial services customers.
    Mr Mohit Lad Non-Executive Director Dec 2024
    Mr Lad is a senior executive with a expertise in networking, systems, and digital experiences. Based in Austin, Texas, he is the co-founder of ThousandEyes. Mr Lad served as the CEO of ThousandEyes from its inception in 2010 until its acquisition by Cisco in 2020., He has served on the Board of Directors for Groove, Inc., a Silicon Valley startup.
    Ms Celia Pheasant Company Secretary Jan 2023
    -
    Leticia Dorman Chief Financial Officer
    -
    Celia Pheasant Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited i 36,577,019 22.93%
    J P Morgan Nominees Australia Pty Limited 31,855,771 19.97%
    Citicorp Nominees Pty Limited 20,707,636 12.98%
    BNP Paribas Nominees Pty Ltd <Agency Lending A/C> 7,531,188 4.72%
    National Nominees Limited 3,593,964 2.25%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 2,987,739 1.87%
    Argo Investments Limited 2,550,895 1.60%
    Washington H Soul Pattinson and Company Limited 2,118,053 1.33%
    Mr Bevan Andrew Slattery 1,937,607 1.21%
    BNP Paribas Noms Pty Ltd 1,818,106 1.14%
    BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient> 1,522,389 0.95%
    BNP Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd> 1,238,733 0.78%
    HSBC Custody Nominees (Australia) Limited <NT Comnwlth Super Corp A/C> 1,191,235 0.75%
    Palm Beach Nominees Pty Limited 849,806 0.53%
    BNP Paribas Noms (NZ) Ltd 722,808 0.45%
    BNP Paribas Nominees Pty Ltd <Pitcher Partners> 423,129 0.27%
    HSBC Custody Nominees (Australia) Limited ii 365,766 0.23%
    BNP Paribas Nominees Pty Ltd <Agency Lending Collateral> 338,000 0.21%
    Netwealth Investments Limited <Wrap Services A/C> 321,303 0.20%
    Beebee Holdings Pty Ltd 300,000 0.19%

    Profile

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