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The latest announcement is out from Megaport ( (AU:MP1) ).
Megaport Limited has successfully completed its acquisition of Latitude.sh, a globally scalable Compute-as-a-Service platform. This acquisition allows Megaport to enhance its service offerings by integrating high-performance compute infrastructure, which supports the traditional dedicated compute market and the growing demand for AI inference and training. Additionally, Megaport is conducting a Share Purchase Plan (SPP) for eligible Australian and New Zealand shareholders, aiming to raise up to A$20 million. This plan allows shareholders to subscribe for new shares without transaction costs, with the SPP expected to close on 4 December 2025.
The most recent analyst rating on (AU:MP1) stock is a Buy with a A$17.00 price target. To see the full list of analyst forecasts on Megaport stock, see the AU:MP1 Stock Forecast page.
More about Megaport
Megaport Limited is a leading Network-as-a-Service (NaaS) provider that revolutionizes how businesses connect their infrastructure. With a smart and simple platform, Megaport enables the creation of secure, scalable, and agile networks, allowing access to global endpoints and private paths in minutes. The company partners with global service providers, data center operators, systems integrators, and managed services companies, operating in over 1,000 locations worldwide. Megaport is ISO/IEC 27001 certified, ensuring high standards of information security.
Average Trading Volume: 763,934
Technical Sentiment Signal: Buy
Current Market Cap: A$2.44B
Find detailed analytics on MP1 stock on TipRanks’ Stock Analysis page.