Ankündigung • Jun 05
Megaport Limited Launches Megaport Storage, Expanding its Platform with Integrated Compute, Network, and Storage Services Megaport Limited announced the launch of Megaport Storage, expanding its platform to deliver integrated compute, network, and storage services. Megaport Storage integrates high-performance, enterprise cloud storage directly into the Megaport Network and Latitude.sh compute platform, giving enterprises a unified foundation that covers the three key pillars of IT infrastructure: compute, network, and storage. The launch marks a culminating step in Megaport’s evolution, delivering predictable costs, seamless scalability, and direct data access wherever customers operate. Megaport Storage solves the challenge by utilising the same dedicated backbone as Megaport’s networking and compute services, reducing public internet bottlenecks and unpredictable costs. With on-demand storage tiers aligned to different performance and pricing requirements, as well as zero egress fees, enterprises have greater control over their data movement and charges. Megaport Storage launches with block, file, and object storage focused on high-speed performance use cases. High-speed backup and recovery: Get up to 100G connectivity included, allowing to restore large datasets much faster than typical public connectivity. Direct access: Provides cyber resilience by protecting critical data paths and minimising downtime. AI-ready storage: Feed large training datasets directly into Latitude.sh compute at wire speed, accelerating model training and iteration. Resilient compute storage: Shared storage that adds cloud-like resilience to bare-metal environments, supporting fast failover and higher availability. Predictable costs: Monthly TB pricing with zero egress fees, no API charges, and no retrieval fees. Customers can orchestrate storage, compute, and connectivity through a unified ecosystem that streamlines how infrastructure is deployed and managed globally. Built for AI, edge, and distributed applications, the platform connects workloads across Megaport’s extensive global network. Ankündigung • Jun 04
Megaport Limited has filed a Follow-on Equity Offering. Megaport Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Price\Range: AUD 14.3
Discount Per Security: AUD 0.3146
Security Name: Ordinary Shares
Security Type: Common Stock
Price\Range: AUD 14.3
Discount Per Security: AUD 0.3146
Transaction Features: Rights Offering Price Target Changed • Jun 03
Price target increased by 11% to AU$18.85 Up from AU$16.92, the current price target is an average from 13 analysts. New target price is 13% above last closing price of AU$16.61. Stock is up 22% over the past year. The company is forecast to post a net loss per share of AU$0.14 next year compared to a net loss per share of AU$0.0018 last year. Live-Nachrichten • Jun 03
Megaport Launches A$827 Million AI Cloud Expansion With Four Major US Contracts Megaport plans to raise A$827.3m via a fully underwritten entitlement offer to fund a globally distributed AI inference cloud.
The company has secured four AI infrastructure contracts with U.S. technology providers valued at about A$458.9m, expected to begin in the first half of 2027.
Shares recently surged 86% before a trading halt, following earlier gains in May tied to contract wins by subsidiary Latitude.sh across GPU, CPU, network and storage services.
The pivot toward an AI-focused GPU cloud backed by long-duration contracts marks a significant expansion of Megaport’s service offering. The company is taking on utilization risk through a large consumption-based GPU pool of around A$350m.
Investors will likely focus on execution risk around the rollout, the timing and profitability of the new AI contracts, and how the capital raise and higher capital expenditure interact with cash flows from the core network business. Price Target Changed • May 15
Price target increased by 7.1% to AU$16.65 Up from AU$15.54, the current price target is an average from 15 analysts. New target price is 29% above last closing price of AU$12.88. Stock is up 1.6% over the past year. The company is forecast to post a net loss per share of AU$0.10 next year compared to a net loss per share of AU$0.0018 last year. New Risk • May 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Ankündigung • May 08
Megaport Limited Launches Built-In DDoS Protection Enabling On-Demand Network Resilience Megaport Limited announced the launch of Megaport DDoS Protection. This new, built-in security capability for Megaport Internet allows customers to filter malicious traffic directly within the Megaport network rather than routing it through a separate or external service, for mission-critical uptime without introducing additional latency or routing complexity. Megaport DDoS Protection removes these challenges by integrating fabric-native protection directly into the Megaport network, closing the gap between basic ISP tools and complex enterprise-grade security solutions. By keeping protection inline with the private network path, traffic stays on its intended route without being diverted, maintaining peak performance even while under attack. Key features and benefits of Megaport DDoS Protection include: Fabric-Native Mitigation: Unlike external providers, Megaport filters traffic within its own network, eliminating the need for traffic redirection to external scrubbing centers, reducing latency, and maintaining control. Rapid Deployment: The capability is fully self-service and can be easily added via the Megaport Portal in under 60 seconds. Users get smarter protection almost instantly thereafter. Targeted Protection: Mitigation occurs at the host/IP level. Only malicious traffic is filtered while the rest of the network continues to operate normally. Simplified Pricing: Costs are aligned to connection capacity rather than the size or frequency of attacks, removing the unpredictability of attack-based cost models that are often associated with legacy providers. Operational Simplicity: Pre-configured protection profiles reduce the need for manual tuning while still distinguishing between legitimate traffic surges and attack patterns. The service is designed for environments where downtime has immediate financial and brand impact, whether they are handling high-traffic or highly critical processes. Megaport DDoS Protection offers both passive and active mitigation modes, specifically focusing on Layer 3 and Layer 4 attacks. The launch of DDoS Protection is part of Megaport’s evolution toward owning the full connectivity experience for its customers, providing a platform where performance and protection are managed together as core components of network infrastructure. Buy Or Sell Opportunity • Apr 01
Now 22% overvalued Over the last 90 days, the stock has fallen 39% to AU$7.41. The fair value is estimated to be AU$6.05, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 25
Now 26% overvalued Over the last 90 days, the stock has fallen 44% to AU$8.10. The fair value is estimated to be AU$6.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 24
First half 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2026 results: AU$0.12 loss per share (down from AU$0.01 profit in 1H 2025). Revenue: AU$134.9m (up 26% from 1H 2025). Net loss: AU$19.1m (down AU$20.0m from profit in 1H 2025). Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 21% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Ankündigung • Dec 19
Megaport Limited (ASX:MP1) acquired Extreme Infocom Private Limited. Megaport Limited (ASX:MP1) acquired Extreme Infocom Private Limited on December 17, 2025. The acquisition expands Megaport’s global platform into one of the world’s fastest-growing digital infrastructure markets and supports the Company’s strategy to deliver scalable, high-performance connectivity services across APAC.
Megaport Limited (ASX:MP1) completed the acquisition of Extreme Infocom Private Limited on December 17, 2025. Ankündigung • Dec 05
Megaport Limited Announces Appointment of Lisa Hennessy as Non-Executive Director and Chair of Remuneration & Nomination Committee, Effective December 5, 2025 Megaport Limited announced the appointment of Lisa Hennessy as a Non-Executive Director of the Board, effective December 5, 2025. Ms Hennessy will serve as Chair of the Remuneration & Nomination Committee, replacing Jay Adelson who will remain a member of the Committee. Ms Hennessy is an experienced ASX Non-Executive Director with over 30 years of expertise spanning executive and board roles across Technology, MedTech, and Consumer sectors. She has been a professional non-executive Director since 2015. Ms Hennessy currently serves as a Non-Executive Director of ASX-listed Cleanspace Technology Limited and Adore Beauty Group Limited, where she is the Chair of the People and Remuneration Committee. She also serves on the board of the Aikenhead Centre for Medical Discovery. Previously, Ms Hennessy was a Non-Executive Director of ASX-listed Nitro Software Limited, until its successful take-private transaction by Potentia, and Murray River Organics. Prior to her Non-executive career Ms Hennessy held senior leadership positions in Business Development, M&A, and strategy, across a broad range of industries. Ms Hennessy holds a Master of Business Administration from Harvard University and a Bachelor of Electrical Engineering from Purdue University. She is a Graduate of the Australian Institute of Company Directors (GAICD). Ms Hennessy’s appointment completes an extensive Board search. The Board is committed to ongoing renewal and succession planning to ensure that it has the right mix of skills, knowledge, experience and diversity to support the Company’s long-term value creation. Major Estimate Revision • Dec 02
Consensus EPS estimates upgraded to AU$0.0044 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -AU$0.0061 to -AU$0.0044 per share. Revenue forecast steady at AU$309.6m. IT industry in Australia expected to see average net income growth of 12% next year. Consensus price target of AU$16.56 unchanged from last update. Share price was steady at AU$13.85 over the past week. Major Estimate Revision • Nov 25
Consensus revenue estimates increase by 11%, EPS downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$307.8m to AU$342.9m. EPS estimate fell from -AU$0.0061 to -AU$0.0249 per share. IT industry in Australia expected to see average net income growth of 12% next year. Consensus price target broadly unchanged at AU$16.56. Share price was steady at AU$13.87 over the past week. Price Target Changed • Nov 20
Price target increased by 7.0% to AU$16.60 Up from AU$15.51, the current price target is an average from 16 analysts. New target price is 26% above last closing price of AU$13.21. Stock is up 58% over the past year. The company is forecast to post a net loss per share of AU$0.0061 next year compared to a net loss per share of AU$0.0018 last year. Major Estimate Revision • Nov 12
Consensus estimates of losses per share improve by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from AU$266.1m to AU$277.2m. EPS estimate increased from -AU$0.014 per share to -AU$0.0088 per share. IT industry in Australia expected to see average net income growth of 20% next year. Consensus price target up from AU$15.98 to AU$16.31. Share price fell 4.8% to AU$15.05 over the past week. Ankündigung • Nov 12
Megaport Limited has completed a Follow-on Equity Offering in the amount of AUD 200 million. Megaport Limited has completed a Follow-on Equity Offering in the amount of AUD 200 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,986,014
Price\Range: AUD 14.3
Discount Per Security: AUD 0.286
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Oct 21
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to AU$14.88. The fair value is estimated to be AU$12.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 2,382% in the next year. Ankündigung • Sep 24
Megaport Limited, Annual General Meeting, Nov 20, 2025 Megaport Limited, Annual General Meeting, Nov 20, 2025. Buy Or Sell Opportunity • Sep 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 6.7% to AU$14.97. The fair value is estimated to be AU$12.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 2,382% in the next year. Major Estimate Revision • Aug 27
Consensus EPS estimates fall from profit to AU$0.014 loss, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from AU$255.1m to AU$265.9m. Now expected to report loss of -AU$0.014 instead of AU$0.143 per share profit. IT industry in Australia expected to see average net income growth of 32% next year. Consensus price target up from AU$12.88 to AU$15.17. Share price rose 7.2% to AU$16.19 over the past week. Buy Or Sell Opportunity • Aug 25
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to AU$16.08. The fair value is estimated to be AU$12.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 17% in a year. Earnings are forecast to decline by 2,382% in the next year. Reported Earnings • Aug 22
Full year 2025 earnings released: AU$0.002 loss per share (vs AU$0.06 profit in FY 2024) Full year 2025 results: AU$0.002 loss per share (down from AU$0.06 profit in FY 2024). Revenue: AU$227.1m (up 16% from FY 2024). Net loss: AU$292.0k (down 103% from profit in FY 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 16% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Aug 22
Price target increased by 19% to AU$14.77 Up from AU$12.45, the current price target is an average from 16 analysts. New target price is approximately in line with last closing price of AU$14.30. Stock is up 53% over the past year. The company is forecast to post earnings per share of AU$0.053 for next year compared to AU$0.06 last year. Buy Or Sell Opportunity • Jun 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to AU$14.00. The fair value is estimated to be AU$11.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Buy Or Sell Opportunity • May 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to AU$13.95. The fair value is estimated to be AU$11.57, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Buy Or Sell Opportunity • Mar 31
Now 20% undervalued Over the last 90 days, the stock has risen 31% to AU$9.63. The fair value is estimated to be AU$12.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 40% per annum over the same time period. Reported Earnings • Feb 22
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: AU$0.01 (down from AU$0.03 in 1H 2024). Revenue: AU$106.8m (up 12% from 1H 2024). Net income: AU$886.0k (down 80% from 1H 2024). Profit margin: 0.8% (down from 4.7% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 86%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 60%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from AU$218.2m to AU$221.7m. EPS estimate fell from AU$0.115 to AU$0.046 per share. Net income forecast to shrink 24% next year vs 28% growth forecast for IT industry in Australia . Consensus price target up from AU$8.64 to AU$10.40. Share price rose 29% to AU$11.40 over the past week. Buy Or Sell Opportunity • Feb 12
Now 20% undervalued Over the last 90 days, the stock has risen 6.0% to AU$8.89. The fair value is estimated to be AU$11.14, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Ankündigung • Jan 28
Megaport Appoints Grant Dempsey as Non Executive Director Megaport announced that Grant Dempsey has been appointed as a non executive director. Dempsey will serve as chair of the audit risk committee, effective from 21 February 2025. He has more than 35 years' experience in senior executive and finance roles advising global businesses across various sectors, including TMT, financial services, property, industrials, consumer, mining and infrastructure assets. He served as CFO of TPG Telecom and prior to this, CFO of Alumina. Price Target Changed • Nov 23
Price target decreased by 7.1% to AU$10.93 Down from AU$11.77, the current price target is an average from 15 analysts. New target price is 44% above last closing price of AU$7.57. Stock is down 24% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.06 last year. Ankündigung • Aug 24
Megaport Limited Provides Earnings Guidance for the Year 2025 Megaport Limited provided earnings guidance for the year 2025. The Company expects 2025 revenue to be in the range of $214 million to $222 million. Reported Earnings • Aug 23
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: AU$0.06 (up from AU$0.062 loss in FY 2023). Revenue: AU$195.3m (up 28% from FY 2023). Net income: AU$9.61m (up AU$19.4m from FY 2023). Profit margin: 4.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Aug 23
Price target decreased by 12% to AU$13.21 Down from AU$14.94, the current price target is an average from 16 analysts. New target price is 42% above last closing price of AU$9.32. Stock is down 25% over the past year. The company is forecast to post earnings per share of AU$0.057 next year compared to a net loss per share of AU$0.062 last year. Major Estimate Revision • Aug 23
Consensus EPS estimates fall by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from AU$232.8m to AU$218.7m. EPS estimate also fell from AU$0.162 per share to AU$0.129 per share. Net income forecast to grow 74% next year vs 41% growth forecast for IT industry in Australia. Consensus price target down from AU$15.92 to AU$14.08. Share price fell 14% to AU$9.32 over the past week. Major Estimate Revision • Jul 13
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.045 to AU$0.038 per share. Revenue forecast steady at AU$195.8m. Net income forecast to grow 138% next year vs 32% growth forecast for IT industry in Australia. Consensus price target of AU$15.17 unchanged from last update. Share price rose 5.2% to AU$11.72 over the past week. Major Estimate Revision • Jul 12
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.045 to AU$0.038 per share. Revenue forecast steady at AU$195.8m. Net income forecast to grow 151% next year vs 32% growth forecast for IT industry in Australia. Consensus price target of AU$15.17 unchanged from last update. Share price rose 5.2% to AU$11.63 over the past week. Major Estimate Revision • Jul 02
Consensus EPS estimates increase by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS increased from AU$0.048 to AU$0.058. Revenues were reaffirmed at AU$195.7m. Net income forecast to grow 151% next year vs 28% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$15.17. Share price fell 7.0% to AU$10.95 over the past week. Ankündigung • Jun 21
Megaport Limited Announces Executive Changes, Effective June 30, 2024 Megaport has announced that Melinda Snowden will be appointed as chair of the board, effective 30 June 2024. Current chair Bevan Slattery will step down from the board on the same day. Snowden has served as a non-executive director of the company and chair of the audit and risk committee since June 2021. She has been a professional non-executive director since 2010, with experience on both listed and private boards across finance, retail, property, digital and technology sectors. Major Estimate Revision • May 31
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 consensus EPS estimate fell from AU$0.058 to AU$0.048. Revenue forecast reaffirmed at AU$195.7m. Net income forecast to grow 136% next year vs 28% growth forecast for IT industry in Australia. Consensus price target of AU$15.33 unchanged from last update. Share price fell 5.6% to AU$13.56 over the past week. Recent Insider Transactions • May 29
Key Executive recently sold AU$16m worth of stock On the 23rd of May, Bevan Slattery sold around 1m shares on-market at roughly AU$14.52 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Bevan has been a net seller over the last 12 months, reducing personal holdings by AU$28m. Major Estimate Revision • May 21
Consensus EPS estimates fall by 28% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.08 to AU$0.058 per share. Revenue forecast steady at AU$195.7m. Net income forecast to grow 136% next year vs 28% growth forecast for IT industry in Australia. Consensus price target broadly unchanged at AU$15.33. Share price rose 3.3% to AU$14.90 over the past week. Ankündigung • Apr 12
Megaport Limited, Annual General Meeting, Nov 01, 2024 Megaport Limited, Annual General Meeting, Nov 01, 2024. Ankündigung • Apr 03
Megaport Limited Launches AWS Direct Connect Network Service Offering on AWS Marketplace Megaport Limited announced that it is the first ISV to list an AWS Direct Connect network service offering in AWS Marketplace, a digital catalogue with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). This development unlocks the ability for AWS customers to streamline the purchase and management of private connectivity for AWS Direct Connect within their AWS Marketplace account. Megaport’s NaaS platform is designed to empower AWS customers to optimise their cloud connectivity, ensuring reliable, high-performance, and secure network connections. AWS customers can customise their network resources while reducing latency and complexity. This availability in AWS Marketplace further solidifies Megaport's commitment to driving innovation in the cloud networking landscape. The company anticipates a new era of simplified, scalable, and efficient cloud connectivity for organizations worldwide, calling on enterprises to join the Network Revolution. Megaport’s AWS Direct Connect network service offering is now generally available in AWS Marketplace. Buy Or Sell Opportunity • Mar 27
Now 21% undervalued Over the last 90 days, the stock has risen 62% to AU$14.82. The fair value is estimated to be AU$18.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 42% per annum over the same time period. Buy Or Sell Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock has risen 48% to AU$14.81. The fair value is estimated to be AU$18.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings are also forecast to grow by 42% per annum over the same time period. Major Estimate Revision • Mar 01
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.082 to AU$0.09. Revenue forecast steady at AU$197.2m. Net income forecast to grow 195% next year vs 27% growth forecast for IT industry in Australia. Consensus price target of AU$14.62 unchanged from last update. Share price rose 5.2% to AU$14.47 over the past week. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.03 (vs AU$0.09 loss in 1H 2023) First half 2024 results: EPS: AU$0.03 (up from AU$0.09 loss in 1H 2023). Revenue: AU$95.1m (up 35% from 1H 2023). Net income: AU$4.45m (up AU$17.9m from 1H 2023). Profit margin: 4.7% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the IT industry in Australia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 31
Price target increased by 9.3% to AU$14.22 Up from AU$13.01, the current price target is an average from 14 analysts. New target price is 14% above last closing price of AU$12.48. Stock is up 116% over the past year. The company is forecast to post earnings per share of AU$0.093 next year compared to a net loss per share of AU$0.062 last year. Recent Insider Transactions • Sep 09
Non-Executive Director recently sold AU$304k worth of stock On the 4th of September, Michael Klayko sold around 25k shares on-market at roughly AU$12.16 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth AU$12m. Insiders have been net sellers, collectively disposing of AU$12m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Sep 02
Key Executive exercised options to buy AU$409k worth of stock. On the 28th of August, Bevan Slattery exercised options to buy 33k shares at a strike price of around AU$8.43, costing a total of AU$281k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2022, Bevan has owned 7.07m shares directly. Company insiders have collectively sold AU$5.7m more than they bought, via options and on-market transactions in the last 12 months. Ankündigung • Aug 23
Megaport Limited Provides Earnings Guidance for the Fiscal Year 2024 Megaport Limited provided earnings guidance for the fiscal year 2024. For the year 2024, revenue is expected to be in the range of $190 million to $195 million, an increase of 24% to 27%on FY23 Revenue of $153.1M.