Latest news with #Megaport
Business Insider
5 days ago
- Business
- Business Insider
Morgans Reaffirms Their Buy Rating on Megaport (MGPPF)
In a report released today, Nick Harris from Morgans maintained a Buy rating on Megaport (MGPPF – Research Report), with a price target of A$15.50. The company's shares closed last Friday at $5.02. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Harris is a 2-star analyst with an average return of -0.3% and a 40.74% success rate. Harris covers the Technology sector, focusing on stocks such as Megaport, Nextdc Limited, and Technology One Limited. Currently, the analyst consensus on Megaport is a Moderate Buy with an average price target of $6.31.
News.com.au
6 days ago
- Business
- News.com.au
Lunch Wrap: ASX up as Trump tariffs tossed by court, Nvidia fuels data centre rally
ASX data centre stocks surge after Nvidia's earnings Trump tariffs blocked by court Oil jumps on tariff call The ASX spent most of Thursday morning stuck in neutral gear, despite a roaring start from US futures. The ASX 200 swung back and forth before settling higher by midday, up by 0.2%. Overnight on Wall Street, the vibe was very different. Nvidia fired up the after-hours circuit, jumping over 5% thanks to a blockbuster earnings print: a 69% surge in Q1 sales as it ramps up production of its next-gen Blackwell chips. CEO Jensen Huang turned up the volume too, talking up exponential AI demand, fresh investment flowing in from the Middle East, and a thaw in US-China trade tensions. That was more than enough to jolt Nasdaq futures 1.7% higher this morning. Market sentiment also turned positive after Federal judges in Oregon ruled Trump's sweeping global tariffs were illegally imposed. Turns out you can't just call a trade deficit a national emergency and start slapping on levies. The judges rejected it outright and Trump is now appealing the decision. But for now, markets are breathing a sigh of relief. Oil prices got a boost from the ruling. WTI immediately climbed past US$62 a barrel, Brent crude also cruised above US$65. That mix of bullish tech and tariff relief also spilled over to ASX data centre stocks this morning. Megaport (ASX:MP1) and DigiCo Infrastructure REIT (ASX:DGT) climbed 2%, and NextDC (ASX:NXT) followed suit, up 1%. In large cap news, Champion Iron (ASX:CIA) flexed its muscle, rising 2.1% after posting a 44% jump in quarterly earnings. The EBITDA print of C$127.4m was 50% higher YoY and backed a 10 Canadian cents per share semi-annual dividend. Woodside Energy Group (ASX:WDS) kept climbing, up another 3% after the Albanese government signed off on extending the life of its North West Shelf gas project to 2070. Two strong sessions in a row for the energy giant. On the downside, Elders (ASX:ELD) slipped 1% after the ACCC flagged its $475 million play for Delta Agribusiness could crimp competition in rural supply chains. And ... Resolute Mining (ASX:RSG) got smacked 2% after it said it was chasing clarification from the Guinean government amid reports that some of its permits might be in jeopardy. ASX SMALL CAP WINNERS Here are the best performing ASX small cap stocks for May 29 : Security Description Last % Volume MktCap EDE Eden Inv Ltd 0.003 150% 80,138,982 $4,109,881 TM1 Terra Metals Limited 0.037 42% 8,643,506 $10,793,512 IVX Invion Ltd 0.115 35% 963,243 $7,201,936 MTB Mount Burgess Mining 0.004 33% 1,000,000 $1,055,108 OB1 Orbminco Limited 0.002 33% 5,000,000 $3,596,352 TEM Tempest Minerals 0.004 33% 228,000 $2,203,590 RMI Resource Mining Corp 0.030 30% 6,006,280 $15,304,332 EDU EDU Holdings Limited 0.260 30% 1,017,540 $30,110,682 TMG Trigg Minerals Ltd 0.088 28% 41,222,053 $63,747,023 RCL Readcloud 0.140 27% 112,860 $16,898,174 ENL Enlitic Inc. 0.030 25% 268,231 $17,313,813 BP8 Bph Global Ltd 0.003 25% 336,421 $2,101,969 RDS Redstone Resources 0.005 25% 2,118,012 $3,701,514 ROG Red Sky Energy. 0.005 25% 6,167,424 $21,688,909 COB Cobalt Blue Ltd 0.068 23% 2,240,911 $24,688,556 VPRDB Voltgroupltd 0.120 20% 15,266 $16,074,312 EM2 Eagle Mountain 0.006 20% 19,843 $5,675,186 TEG Triangle Energy Ltd 0.003 20% 2,465,660 $5,223,085 AKN Auking Mining Ltd 0.007 17% 2,370,782 $3,448,673 AX8 Accelerate Resources 0.007 17% 1,559,649 $4,783,132 LSR Lodestar Minerals 0.007 17% 357,142 $1,910,543 TMS Tennant Minerals Ltd 0.007 17% 200,000 $5,735,342 PLC Premier1 Lithium Ltd 0.011 16% 228,638 $3,496,576 RPG Raptis Group Limited 0.030 15% 250,000 $4,558,903 PTR Petratherm Ltd 0.310 15% 1,339,332 $93,315,988 Eden Innovations (ASX:EDE) has captured momentum with its EdenCrete Pz7 concrete additive, a product that makes standard concrete mixes stronger. Over the past three months, sales topped US$567k. In April and May alone, sales were 86% higher than the same quarter last year. Holcim US also ordered US$91k worth of Pz7 for a 22-storey high-rise in Denver, Eden's first major commercial project. Invion (ASX:IVX) just got the thumbs-up from the safety committee after treating the first six patients in its skin cancer trial. There are early signs the drug is shrinking tumours after one dose. INV043 also makes cancer cells glow under violet light, hinting it could double as a diagnostic tool. Invion is now gearing up for a second study with Peter Mac, combining the treatment with immunotherapy. Trigg Minerals (ASX:TMG) has kicked off its first exploration campaign at Antimony Canyon in Utah, a site with a rich mining history but no modern exploration. The team is targeting old antimony mines and scouting spots for a potential smelter as part of its push to become a US-based supplier of critical minerals. Trigg said it's in talks with US agencies about federal funding. Almond grower Select Harvests (ASX:SHV) is back in profit territory, swinging from a $2.4 million loss to a $28.7 million net profit in the half. Earnings more than tripled to $60.7 million. Debt came down, cash flow turned positive, and the company reckons demand's still strong. No interim dividend this time, but the crop's clearly ripening. ASX SMALL CAP LOSERS Here are the worst performing ASX small cap stocks for May 29 : Code Name Price % Change Volume Market Cap MOM Moab Minerals Ltd 0.001 -33% 500,000 $2,600,499 RLL Rapid Lithium Ltd 0.002 -33% 147,966 $3,734,834 CTQ Careteq Limited 0.009 -31% 1,344,453 $3,082,543 GMN Gold Mountain Ltd 0.002 -25% 239,339 $10,267,776 MGU Magnum Mining & Exp 0.007 -22% 100,000 $10,094,858 NPM Newpeak Metals 0.011 -21% 317,020 $4,509,004 TGH Terragen 0.024 -20% 415,001 $15,150,515 AAU Antilles Gold Ltd 0.004 -20% 177,945 $10,631,838 AQX Alice Queen Ltd 0.004 -20% 12,800,280 $5,734,450 BYH Bryah Resources Ltd 0.004 -20% 598,062 $4,349,768 CR9 Corellares 0.002 -20% 1,500 $2,514,016 ERA Energy Resources 0.002 -20% 1,273,540 $1,013,490,602 JAV Javelin Minerals Ltd 0.002 -20% 97,024,174 $15,115,373 PRX Prodigy Gold NL 0.002 -20% 13,334 $7,937,639 SHP South Harz Potash 0.004 -20% 41,501 $5,513,644 OLL Openlearning 0.015 -17% 99,553 $8,688,144 EPM Eclipse Metals 0.005 -17% 1,100,000 $17,194,914 GLL Galilee Energy Ltd 0.005 -17% 7,500 $4,243,157 LU7 Lithium Universe Ltd 0.005 -17% 302,360 $4,715,878 NES Nelson Resources. 0.003 -17% 80,000 $6,515,783 OVT Ovanti Limited 0.003 -17% 1,956,528 $8,380,545 RC1 Redcastle Resources 0.005 -17% 2,856,728 $4,461,401 CDE Codeifai Limited 0.006 -14% 262,000 $2,282,222 EMT Emetals Limited 0.003 -14% 1,849,999 $2,975,000 FGH Foresta Group 0.006 -14% 6,741,238 $18,570,345 IN CASE YOU MISSED IT An independent study comparing Altech Batteries (ASX:ATC) CERENERGY technology to alternatives including lithium-ion, sodium-sulphur and vanadium flow batteries has revealed several areas of superior performance. The sodium chloride solid state batteries developed by ATC offer comparative energy efficiencies to lithium-ion batteries, exceeding the other two chemistries, and matches or exceeds its rivals in overall lifetime, cycle life, safety, temperature range, and discharge duration. At Stockhead, we tell it like it is. While Altech Batteries is a Stockhead advertiser, it did not sponsor this article.
Yahoo
06-05-2025
- Business
- Yahoo
Megaport (ASX:MP1) shareholder returns have been favorable, earning 53% in 3 years
By buying an index fund, investors can approximate the average market return. But many of us dare to dream of bigger returns, and build a portfolio ourselves. For example, Megaport Limited (ASX:MP1) shareholders have seen the share price rise 53% over three years, well in excess of the market return (8.6%, not including dividends). The past week has proven to be lucrative for Megaport investors, so let's see if fundamentals drove the company's three-year performance. We've discovered 1 warning sign about Megaport. View them for free. We don't think that Megaport's modest trailing twelve month profit has the market's full attention at the moment. We think revenue is probably a better guide. As a general rule, we think this kind of company is more comparable to loss-making stocks, since the actual profit is so low. For shareholders to have confidence a company will grow profits significantly, it must grow revenue. In the last 3 years Megaport saw its revenue grow at 27% per year. That's well above most pre-profit companies. While the compound gain of 15% per year over three years is pretty good, you might argue it doesn't fully reflect the strong revenue growth. If that's the case, now might be the time to take a close look at Megaport. A window of opportunity may reveal itself with time, if the business can trend to profitability. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). Megaport is well known by investors, and plenty of clever analysts have tried to predict the future profit levels. So we recommend checking out this free report showing consensus forecasts Megaport shareholders are down 19% for the year, but the market itself is up 11%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 4% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with Megaport . If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-04-2025
- Business
- Yahoo
DigitalOcean Provides Secure, High-Performance Multi-Cloud Connectivity with DigitalOcean Partner Network Connect
New connectivity solution is designed to simplify multi-cloud and hybrid cloud networking, helping to enhance performance and security options for businesses NEW YORK, April 02, 2025--(BUSINESS WIRE)--DigitalOcean Holdings Inc (NYSE: DOCN), the simplest scalable cloud for growing businesses, today announced the general availability of DigitalOcean Partner Network Connect, designed to be a secure, high-performance connectivity solution to simplify multi-cloud and hybrid-cloud networking. The service enables businesses to establish private, secure connections between DigitalOcean and other cloud providers or private clouds, bypassing the public internet for improved security, predictable latency, and optimized network performance. DigitalOcean's all-in pricing with no charges on the data transfer lowers the total cost of ownership, making it more cost effective for businesses. Partner Network Connect also enhances existing network solutions like DigitalOcean VPC and VPC Peering by extending private connectivity beyond a single cloud environment, and complements services like load balancers by enabling secure, predictable traffic paths between environments. As more businesses adopt multi-cloud and hybrid cloud environments, managing cloud connectivity can become both complex and costly. Partner Network Connect offers a seamless solution, providing a private connection to support distributed workloads, powered by DigitalOcean's integration with Megaport, a leading Network-as-a-Service (NaaS) provider. This solution helps growing businesses connect DigitalOcean with other cloud providers such as AWS, Google Cloud, Microsoft Azure, Oracle Cloud, and others – without the complexity or expense of traditional VPNs or self-managed solutions. "DigitalOcean Partner Network Connect provides customers with a more secure, high-performance networking between DigitalOcean and other cloud providers or on-premises data centers," said Bratin Saha, Chief Product and Technology Officer at DigitalOcean. "This integration with Megaport equips businesses with the capability they need to connect their multi-cloud infrastructure easily, helping to improve security, performance, and cost control, all with the simplicity and predictable pricing from DigitalOcean." "Integrating with DigitalOcean addresses a clear market need for simpler multi-cloud connectivity," said Michael Reid, CEO of Megaport. "Growing businesses shouldn't have to choose between performance and simplicity, especially when running data-intensive or AI workloads. Our integration with DigitalOcean provides private, high-speed connections for today's distributed applications, helping customers move data efficiently across cloud environments without the traditional networking headaches or costs." Key Benefits of Partner Network Connect: Improved latency: Low latency, high-bandwidth private connectivity (1 Gbps to 10 Gbps) for faster, more reliable performance across cloud and on-premises environments. Enhanced security: Private connections are designed to keep sensitive data off the public internet, helping to provide added security for critical workloads. Cost optimization and predictability: Businesses can minimize data transfer costs by avoiding egress charges and optimizing cross-cloud networking. Simplified management: There is no separate review process for throughput reservation. Customers simply reserve the needed throughput from the DigitalOcean Networking console and complete the connectivity with Megaport. Real-world Use Cases: FinTech & Healthcare companies handling sensitive data: Organizations in regulated industries can help enhance security by keeping financial transactions and patient records off the public internet. AdTech and MarTech: Companies looking to enhance content delivery, data-driven personalization, and real-time ad bidding using multi-cloud connectivity. SaaS providers managing multi-cloud deployments: Software companies deploying applications across DigitalOcean and other cloud providers can simplify cross-cloud networking, reducing operational complexity and costs. Online businesses, like global e-learning platforms: These organizations serve students and educators across various regions, and require the ability to deliver data to multiple geographic locations while maintaining performance and unified end-user experience. Partner Network Connect is available in all DigitalOcean regions except SYD1, LON1, BLR1 and TOR1. It can be accessed via both the UI and API. To learn more or get started, visit the DigitalOcean Partner Network Connect documentation. About DigitalOcean DigitalOcean is the simplest scalable cloud platform that democratizes cloud and AI for growing tech companies around the world. Our mission is to simplify cloud computing and AI to allow builders to spend more time creating software that changes the world. More than 600,000 customers trust DigitalOcean to deliver the cloud, AI, and ML infrastructure they need to build and scale their organizations. To learn more about DigitalOcean, visit About Megaport Megaport is changing how businesses connect their infrastructure, with one smart and simple platform to manage every connection. Build secure, scalable, and agile networks in just a few clicks, accessing global endpoints and creating private paths in minutes. Trusted by the world's leading companies, Megaport partners with global service providers, DC operators, systems integrators, and managed services companies, and operates in 930+ enabled locations worldwide. Megaport is ISO/IEC 27001 certified. Join the network revolution at View source version on Contacts DigitalOcean MediaAircover Communicationspress@ DigitalOcean Investor ContactMelanie Strateinvestors@ Megaport Media EnquiriesAdam Hennessy, Head of Marketing - Brand & Communications, MegaportPhone: +61 7 3088 7400media@
Zawya
26-03-2025
- Business
- Zawya
Telcables West Africa to Offer Super Digital Highway to the United States (US) and Europe Through Megaport Partnership
TelCables West Africa, a subsidiary of Angola Cables ( and leading global Network as a Service (NaaS) provider, Megaport have announced a dual arrangement whereby TelCables customers can selectively connect to over 930 data centres and more than 300 cloud nodes, at reduced fees and network charges of up to 75%, using the international Angola Cables backbone network. For the TelCables customers, this means having On-Net connectivity at reduced costs and lead times when requesting international access and multi cloud connectivity to public and private clouds such as AWS, Microsoft Azure, Oracle, Alibaba and Google Cloud. This also means that, financial, AI content and other content being hosted by major data center operators in the USA and Europe can be cached closer to markets in Nigeria, Ghana and other countries in the West African region. Through this collaboration, Angola Cables will also interconnect their actual key global locations - New York, Miami, and London to allow users to benefit from real-time circuit provisioning to more than 530 Data Centre Locations in US and more than 260 Data Centre Locations in Europe. This effectively gives customers immediate availability (99.99% uptime availability) at minimal latencies. Fernando Fernandes, CEO of TelCables Nigeria and West Africa, says that Megaport chose the Angola Cables and Telcables West Africa as African Partners due to the network efficiency and latency optimization that the Angola Cables' network offers. 'This is a major leap forward for digital connectivity on the African continent and given the configuration of our subsea cable and partner networks, we are effectively opening a 'super corridor' for the express transit of data and traffic from East to West.' Fernandes maintains that the agreement with Megaport offers multiple benefits for enterprises across Nigeria and West Africa – especially for those businesses looking for flexible connectivity with adjustable bandwidth – at affordable rates – allowing businesses to scale-up and expand their operations to other parts of Africa and primary destinations in international markets. 'The simple and efficient interface gives users the ability to access financial institutions, from the major stock exchanges to international banking and investment houses. The options are almost limitless, whether it is an academic or research institution looking to link into a learning institution in the US or a business looking to expand into Singapore. The low-latency connections can be set-up within a matter of minutes through the easy-to-use Megaport platform that makes it possible for companies to connect and scale their businesses instantly.' Executive Vice President of Business Development and Global Channel for Megaport, Matt Simpson, says the strategic partnership benefits all parties and opens a door to a range of solutions and services that could benefit emerging economies and businesses in Africa currently using the Angola Cables' backbone network. 'Our extensive SDN simplifies connectivity for enterprises looking to interconnect between data centres, cloud and AI, internet exchanges, and 300+ service providers across five continents,' notes Simpson. 'The reach and capabilities of our global NaaS platform helps businesses by removing many of the traditional access complexities when it comes to technical resources, capital costs, performance, and network security. The Megaport global ecosystem also gives customers direct access to its latest AI-Exchange and Financial Services Exchange. 'As the most interconnected network operator in Africa*, our collaboration with Megaport effectively gives businesses across the African continent the means to expand their operations and increase their revenues by reaching customers in the global marketplace – wherever they may be located,' concluded Fernandes. Distributed by APO Group on behalf of Angola Cables. Media Enquiries: TelCables West Africa Adam Hennessy Head of Marketing - Brand&Communications Megaport Phone: +61 7 3088 7400 media@ About Angola Cables: Angola Cables is an internationally established ICT and digital solutions and network services provider. The company specializes in connectivity solutions for the wholesale market and offers tailored digital services and solutions across multiple industries, including Cloud resources for the corporate enterprise sector. Known for its innovation, Angola Cables operates a robust global backbone network, providing access to major IXPs, Tier I operators, and global content providers. With more than 30 PoPs and connections to 66 interconnected Data Centres and 6000 peering agreements, traffic over its international network is more than 18 500 Tbps. The company has its own submarine cable network spanning over 33,000 kilometres (WACS, SACS, and MONET) and extends its services to over 50,000 kilometres through partner cables, connecting the Americas, Africa, Europe, and Asia. Additionally, the company operates two world-class Data Centres, AngoNAP Fortaleza in Brazil and AngoNAP Luanda in Angola. Angola Cables also manages PIX in Brazil and AngonIX in Angola - one of the leading internet traffic exchange points in Africa that directly connects to over 21 IXPs worldwide. With a significant international presence, Angola Cables is expanding its operations into strategic markets such as Brazil, South Africa, the United States and Nigeria. The company promotes intercontinental interconnection, driving digital and economic development, and ranks among the top 25 internet service providers in the world today. *The Center for Applied Internet Data Analysis (CAIDA) 2023 For more information, visit the website: About TelCables West Africa: TelCables West Africa is powered by the Angola Cables network, a multinational telecommunications company operating in the wholesale market. The company operates connectivity, IT solutions and services as well as international data circuit capacity and IP Transit via submarine cables. As the most connected network operator in Africa, we provide secure, low-latency direct routes from West Africa to the USA and South America and from West Africa to London. With our presence across a number of Nigerian IP hubs from Lekki, WACS CLS, Medallion DC, Rack Centre and others, and connections across Africa via the Djoliba network, we can connect your business to the world. For more information, visit the website: About Megaport: Megaport is changing how businesses connect their infrastructure, with one smart and simple platform to manage every connection. Build secure, scalable, and agile networks in just a few clicks, accessing global endpoints and creating private paths in minutes. Trusted by the world's leading companies, Megaport partners with global service providers, DC operators, systems integrators, and managed services companies, and operates in 860+ enabled locations worldwide. Megaport is ISO/IEC 27001 certified. Join the network revolution at
