Australia's Megaport jumps to two-month high on contract win

Megaport

27/04/2026 01:43

** Shares of Megaport MP1.AX rise as much as 9.5% to A$9.73, their highest level since February 23

** Stock set for best intraday trading session since February 26

** Network as a Service (NaaS) provider's unit signed a 36-month contract with a total value of $25.1 million

** Co reaffirms FY26 revenue and EBITDA guidance

** Co top gainer on domestic technology sub-index .AXIJ

** YTD, stock down nearly 22%, including the day's moves

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))