Company Information
Megaport Limited (ASX: MP1)
Megaport Limited specializes in offering elastic interconnection services through a global platform powered by software defined networking (SDN). This platform allows customers to easily link their networks with other services throughout the Megaport Network. Customers have direct control over these services, which they can manage through mobile devices, computers, or Megaport’s API. The company operates in three main segments: Asia Pacific, North America, and Europe.
Megaport’s product offerings include the Port and Virtual Cross Connects (VXC), which are Ethernet circuits that provide private, flexible, and on-demand connections with capacities ranging from 1 Mbps to 10 Gbps within the Megaport network. Moreover, they offer a managed virtual router service called Megaport Cloud Router (MCR), and an on-demand network function virtualization (NFV) service named Megaport Virtual Edge (MVE). Additionally, Megaport’s Marketplace is an online platform that facilitates interconnection between global service providers and enterprise customers.
The company’s revenue over the last twelve months (TTM) was AUD 177.50 million, with a net income of AUD 8.42 million. Megaport was incorporated in 2015 and, while the number of employees is not specified, is headquartered in Fortitude Valley, Australia. They have seen a significant 39.51% revenue growth from AUD 109.73 million to AUD 153.08 million year over year, and they have reduced their net loss from AUD 48.50 million to AUD 9.77 million. Megaport’s official website is accessible for more information on their offerings and services.
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Megaport Limited (ASX: MP1) Live Chart
Megaport Limited (ASX: MP1) Forecast
Megaport Ltd. has been assessed by nine Wall Street analysts, who have provided twelve-month price forecasts for the company’s stock. On average, these analysts have set a target price of AU$15.42. The forecasts range widely, with the highest target set at AU$18.30 and the lowest at AU$11.50. This average price target suggests a potential upside of 6.56% from the company’s last trading price of AU$14.47.
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