FATN News & Events

FatPipe (FATN) announced a new partnership with TD SYNNEX (SNX). This partnership will expand the reach of FatPipe's networking and cybersecurity solutions to enterprise partners and customers across the globe.

FatPipe announced it published a letter from its CEO, Dr. Ragula Bhaskar, which read, "Greetings as we enter the early spring season. At FatPipe, we continue to execute on our plan to increase sales by expanding our sales team, activating signed partners, and onboarding new partners. Our strategy remains unchanged. Sanch, my co-founder and CTO, and I remain laser focused on driving sales growth. We are very excited that the Independent research firm Zacks Small Cap Research initiated coverage of FatPipe with an initial target price of $5 per share We are also very excited to continue to receive the awards for our innovation and product solutions. Our world class support and product innovation will continue to drive increased revenue in the current quarter and beyond. As we are presented with opportunities to accelerate our growth, we will evaluate them on a case-by-case basis to determine how they can strengthen our product portfolio, expand our market share, and, where appropriate, use prudent leverage to enhance shareholder value. We look forward to providing you with more information in our upcoming year-end earnings call. Thank you for your continued support and confidence in FatPipe as we build on our leadership in SD-WAN and cybersecurity innovation."

In a letter, CEO Ragula Bhaskar, said, in part, "Following our successful IPO earlier this year, FatPipe's stock has recently experienced downward pressure as the initial shareholder lockup period expired. This has allowed certain long-term historical shareholders to exit or reduce their positions, resulting in increased trading volume and short-term volatility. While such activity is common following a company's transition to a public market, it does not reflect any change in our underlying fundamentals or business trajectory. At FatPipe, we remain focused on executing our strategic priorities and expanding our customer base. Our second quarter fiscal year 2026 results, released on November 4, 2025, underscore the health of our operations and the momentum we continue to build across key markets. As we evaluate FatPipe's position within the broader networking and cybersecurity landscape, it is important to note how our valuation compares to peers in the SD-WAN and cybersecurity markets. According to an NYU Stern analysis of Revenue Multiples by Sector, 333 firms in the Software category traded at an average 11.20x Price/Sales multiple and 11.54x EV/Sales Multiple, while FatPipe currently trades at approximately a 2.06x Price to Sales multiple and 2.05x Enterprise Value/Sales multiple, respectively. This comparison underscores the relative value opportunity we believe exists for FatPipe as we continue to grow recurring revenue, expand margins, and demonstrate the scalability of our SD-WAN and cybersecurity model. FatPipe continues to distinguish itself as a pioneer in secure, application-aware SD-WAN and single-stack cybersecurity solutions. Our integrated approach combines reliability, optimization, and advanced security capabilities that customers increasingly demand as they modernize their network edge. Our investments in sales coverage, partner enablement, and recurring revenue offerings are designed to translate into sustained growth in fiscal 2026 and beyond. We are also seeing strong interest from both enterprise and public sector organizations seeking cost-effective, high-performance alternatives to legacy networking vendors. As we continue to scale as a newly public company, our focus remains on disciplined execution, profitable growth, and long-term shareholder value creation."