Megaport Limited (OTCMKTS:MGPPF – Get Free Report) traded up 7% on Friday. The stock traded as high as $12.2125 and last traded at $12.2125. Approximately 199 shares traded hands during trading, a decline of 84% from the average session volume of 1,273 shares. The stock had previously closed at $11.4140.
Megaport Price Performance
The business has a 50-day simple moving average of $11.32 and a 200 day simple moving average of $9.85.
Megaport Company Profile
Megaport Limited is an Australia-based provider of Network as a Service solutions. The company enables businesses to establish and manage private, on-demand connections between data centers, cloud service providers, internet exchanges, and other network endpoints through its software-defined networking platform.
Its services include cloud connectivity, data center interconnection, virtual routing, and access to internet exchange points. Megaport’s platform supports connections to major cloud providers and other digital infrastructure services, allowing customers to provision bandwidth and adjust network configurations through an online portal and application programming interfaces.
Founded in 2013 by Bevan Slattery, Megaport has expanded its network across the Asia-Pacific region, North America, and Europe.
Featured Stories
- Five stocks we like better than Megaport
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for Megaport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Megaport and related companies with MarketBeat.com's FREE daily email newsletter.
