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 $2.31 billion
P/E Ratio 249.33
Dividend Yield 0.00%
Shares Outstanding 159.12 million
Earnings per share -0.060
Dividend per share N/A
Year To Date Return 57.72%
Earnings Yield 0.40%
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as at 24 Feb 3:44pm

  • Megaport Ltd (ASX: MP1)
    Latest News

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    This overlooked ASX 200 share is up 160% in a year but still dirt cheap! Should I buy it?

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    Here's what brokers are recommending as buys this week.

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    Earnings Results

    Up 119% in a year, Megaport share price slipping today despite record earnings

    Megaport reported strong financial metrics across the board, but its guidance may have disappointed.

    Read more »

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    5 things to watch on the ASX 200 on Tuesday

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    Here are the top 10 ASX 200 shares today

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    This ASX 200 share is predicted to benefit from AI demand for years

    A fund manager has picked out a stock that looks set to be a significant AI winner.

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    2 ASX 200 growth shares to buy with 'immense opportunity' ahead

    This pair is already going gangbusters, but imagine what would happen when interest rates flatten out then come down.

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    Brokers say these explosive ASX growth shares are buys with massive upside

    Big returns could be on the cards for owners of these shares.

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    Here's what to expect on the ASX 200 on Friday.

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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 800 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
    01 Mar 2024 $14.51 $0.04 0.28% 639,061 $14.47 $14.72 $14.21
    29 Feb 2024 $14.47 $0.20 1.40% 846,724 $14.20 $14.52 $13.70
    28 Feb 2024 $14.27 $0.33 2.37% 1,015,170 $14.12 $14.42 $14.01
    27 Feb 2024 $13.94 $-0.52 -3.60% 894,987 $14.45 $14.46 $13.46
    26 Feb 2024 $14.46 $0.44 3.14% 899,483 $14.29 $14.56 $14.04
    23 Feb 2024 $14.02 $0.26 1.89% 760,187 $13.90 $14.36 $13.70
    22 Feb 2024 $13.76 $0.53 4.01% 743,109 $13.22 $13.83 $13.10
    21 Feb 2024 $13.23 $-0.55 -3.99% 1,319,558 $13.73 $13.95 $13.15
    20 Feb 2024 $13.78 $-0.02 -0.14% 1,146,644 $13.00 $13.88 $12.88
    19 Feb 2024 $13.80 $0.49 3.68% 642,752 $13.25 $13.81 $13.25
    16 Feb 2024 $13.31 $0.45 3.50% 599,714 $13.08 $13.35 $12.92
    15 Feb 2024 $12.86 $0.13 1.02% 476,726 $12.90 $13.05 $12.81
    14 Feb 2024 $12.73 $0.09 0.71% 479,900 $12.45 $12.73 $12.31
    13 Feb 2024 $12.64 $-0.36 -2.77% 596,795 $13.00 $13.00 $12.61
    12 Feb 2024 $13.00 $0.09 0.70% 354,356 $13.02 $13.23 $12.94
    09 Feb 2024 $12.91 $-0.05 -0.39% 445,782 $12.90 $12.99 $12.68
    08 Feb 2024 $12.96 $0.01 0.08% 711,063 $12.92 $12.96 $12.53
    07 Feb 2024 $12.95 $0.23 1.81% 751,068 $12.90 $13.06 $12.61
    06 Feb 2024 $12.72 $0.02 0.16% 729,067 $12.70 $12.88 $12.51
    05 Feb 2024 $12.70 $-0.30 -2.31% 849,871 $12.90 $13.00 $12.62

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    01 Dec 2023 Michael Reid Issued 977,840 $9,377,485
    Issue of securities. 977,840 - PSU
    23 Nov 2023 Michael Klayko Issued 2,009 $20,732
    Issue of securities.
    23 Nov 2023 Bevan Slattery Issued 2,009 $20,732
    Issue of securities.
    23 Nov 2023 Melinda Snowden Issued 2,009 $20,732
    Issue of securities.
    23 Nov 2023 Jay Adelson Issued 2,009 $20,732
    Issue of securities.
    23 Nov 2023 Naomi Seddon Issued 2,009 $20,732
    Issue of securities.
    23 Nov 2023 Glo Gordon Issued 2,009 $20,732
    Issue of securities.
    04 Sep 2023 Michael Klayko Sell 25,000 $304,007
    On-market trade.
    28 Aug 2023 Bevan Slattery Exercise 33,334 $281,005
    Exercise of options.
    28 Aug 2023 Bevan Slattery Buy 33,334 $281,005
    Exercise of options.
    25 Aug 2023 Bevan Slattery Sell 500,000 $6,020,000
    As advised by the company. disposal of shares
    25 Aug 2023 Bevan Slattery Sell 500,000 $5,860,000
    As advised by the company. disposal of shares
    02 Jun 2023 Melinda Snowden Buy 4,000 $28,442
    On-market trade. average price

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Bevan Andrew Slattery Non-Executive ChairmanNon-Executive DirectorInterim Chief Executive Officer Sep 2018
    Mr Slattery has been building IT and telecommunications businesses in Australia for nearly 20 years. Now the founder and Chief Executive Officer of Soda, Bevan is driving Australian innovation and prosperity through digital infrastructure, environmental sustainability, and investment in Australian grown businesses. Bevan has received many industry awards including the EY Champion of Entrepreneurs Award in 2016, the National Charles Todd Medal, and the Pearcey Foundations Benson Award, and he was inducted into the Commsday Hall of Fame in 2017. He is member of Innovation Committee.
    Ms Melinda Frances Snowden Non-Executive Director Jun 2021
    Ms Snowden has 28 years of experience in finance and has been a professional non-executive director since 2010 in several industries. Melinda is currently a Non-Executive Director and Chair of the Audit and Risk Committee of ASX listed companies Temple and Webster and Newmark Property REIT. Melinda is also currently Chair of LLS Fund Services. Melinda has held previous non-executive director roles at Best and Less Group Holdings Ltd, WAM Leaders, MLC, Vita Group, Mercer Investments (Australia), Sandon Capital Investments, 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 Chair of Risk Committee and member of the Diversity & Inclusion Advisory Board.
    Mr Jay Adelson Non-Executive Director Mar 2019
    Mr Adelson has over 30 years of experience in technology and internet businesses globally. Jay also was involved 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. He is Chair of the Innovation Committee and member of the Risk Committee.
    Ms Naomi Seddon Non-Executive Director Jun 2019
    Ms Seddon is an Australian, US and NZ qualified lawyer and is a partner with the global law firm, Littler Mendelson. With a focus on providing international legal solutions to companies, Naomi has experience assisting companies to enter and grow in new markets including advising on global migration, local employment, data protection and privacy, pay equity and equal employment opportunity issues. In 2016 Naomi was named one of the top 500 attorneys in the United States for legal advice by Legal 500. Naomi is also an author and presenter on workplace equity, diversity, and inclusion. In addition to her professional legal work, Naomi is a non-executive director of Transmax Pty Ltd, Endometriosis Australia, Surrogacy Australia, and United Stages. She is Chair of the Diversity and Inclusion Advisory Board.
    Ms Glo Gordon Non-Executive Director Jul 2021
    Ms Gordon has more than 20 years of experience as a senior 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 $1.4bn. At Cisco, as Vice President and General Manager, IoT, Sales and Marketing, Ms Gordon held P&L responsibility for growth and margin for Cisco's Strategic IoT business unit. She is also a member of the 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 the company revenues to over US$2.2bn. Additionally, he has held leadership and Executive positions at leading technology companies including Rhapsody Networks, McDATA Corporation, EMC Corporation, Hewlett Packard, and IBM. Michael brings an 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 Virgin Pulse and Star Compliance and is a board member of Process Unity and CE Broker. He is member of the Innovation Committee and Risk Committee.
    Mr Michael Anthony Reid Chief Executive OfficerExecutive Director May 2023
    Mr Reid brings over 19 years of industry expertise and experience to Megaport. Michael Reid joined Megaport from Cisco, where he led the pure SaaS Network Visibility Business, ThousandEyes, as Chief Revenue Officer. In that role, he transformed the go-to-market strategy, scaling the team from 150 to nearly 400, expanding into many new countries, and growing annual recurring revenue by 2.4 times, making it the largest Cloud, SaaS, and Internet Visibility platform in the world. 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 NT and Papua New Guinea and, before that, led Cisco sales to Australia's financial services customers.
    Ms Celia Pheasant Company Secretary Jan 2023
    -
    Celia Pheasant Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 38,118,007 24.02%
    Citicorp Nominees Pty Limited 19,042,326 12.00%
    J P Morgan Nominees Australia Pty Limited 18,709,253 11.79%
    BNP Paribas Noms Pty Ltd <Drp> 7,300,326 4.60%
    National Nominees Limited 7,277,773 4.59%
    Mr Bevan Andrew Slattery 5,037,607 3.17%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 3,311,674 2.09%
    BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient Drp> 2,658,824 1.68%
    Argo Investments Limited 2,000,000 1.26%
    BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 1,997,383 1.26%
    Washington H Soul Pattinson And Company Limited 1,793,053 1.13%
    HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 882,643 0.56%
    BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd <Drp A/C> 651,714 0.41%
    Tsou Enterprise Pty Ltd 611,165 0.39%
    BNP Paribas Nominees Pty Ltd <Pitcher Partners Drp> 463,150 0.29%
    BNP Paribas Noms(Nz) Ltd<Drp> 403,881 0.25%
    HSBC Custody Nominees (Australia) Limited i 383,059 0.24%
    Neweconomy Com Au Nominees Pty Limited <900 Account> 300,299 0.19%
    Beebee Holdings Pty Ltd 300,000 0.19%
    Mr Lisheng Wang 276,621 0.17%

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