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Megaport ( (AU:MP1) ) just unveiled an update.
Megaport Limited announced the cessation of 32,780 restricted stock units due to the lapse of conditional rights, as the conditions for these securities were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders regarding the company’s equity management and strategic financial decisions.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$15.50 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 operates in the technology and telecommunications industry, providing network as a service (NaaS) solutions. The company focuses on enabling businesses to connect to cloud services, data centers, and other networks globally through its software-defined network.
Average Trading Volume: 668,240
Technical Sentiment Signal: Buy
Current Market Cap: A$2.27B
Find detailed analytics on MP1 stock on TipRanks’ Stock Analysis page.