Australia's Megaport surges as unit bags contracts worth $183 million

Megaport

14/05/2026 01:32

** Shares of Australia's Megaport MP1.AX rise as much as 29% to A$12.710, logging their best intraday session since January 30, 2024

** Stock hits highest level since January 28

** IT firm says unit secured three major contracts from two customers with total contract value of $182.9 million

** Says both customers are U.S.-based technology providers

** MP1 stock top gainer on the broader ASX200 benchmark index .AXJO, which is flat as of 0027 GMT

** Stock down 1.3% this year, including the day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))