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Megaport ( (AU:MP1) ) just unveiled an announcement.
Megaport Limited announced a proposed issue of securities, consisting of a total of 1,398,601 ordinary fully paid shares under a securities purchase plan and 13,986,014 ordinary fully paid shares through a placement. This strategic move is aimed at raising capital, which could potentially enhance the company’s market positioning and operational capabilities, offering stakeholders an opportunity to participate in its growth trajectory.
The most recent analyst rating on (AU:MP1) stock is a Hold with a A$16.00 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 operates in the technology and telecommunications industry, providing network as a service (NaaS) solutions. The company focuses on enabling customers to connect their networks to cloud service providers, data centers, and other networks globally through its software-defined network platform.
YTD Price Performance: 100.95%
Average Trading Volume: 715,921
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.4B
Find detailed analytics on MP1 stock on TipRanks’ Stock Analysis page.