Wall Street Zen upgraded shares of Fatpipe Inc/UT (NASDAQ:FATN – Free Report) from a hold rating to a buy rating in a research note published on Sunday morning.
A number of other equities research analysts also recently weighed in on FATN. Weiss Ratings restated a “sell (d)” rating on shares of Fatpipe Inc/UT in a research report on Wednesday. Northland Securities began coverage on Fatpipe Inc/UT in a report on Monday, May 11th. They issued an “outperform” rating and a $12.00 price target on the stock. Finally, D. Boral Capital reiterated a “buy” rating and issued a $8.00 price objective on shares of Fatpipe Inc/UT in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.
Get Our Latest Analysis on FATN
Fatpipe Inc/UT Stock Performance
Fatpipe Inc/UT (NASDAQ:FATN – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Fatpipe Inc/UT had a net margin of 26.87% and a return on equity of 28.42%. The business had revenue of $5.03 million for the quarter. On average, equities research analysts forecast that Fatpipe Inc/UT will post 0.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Fatpipe Inc/UT
A hedge fund recently bought a new position in Fatpipe Inc/UT stock. BlackRock Inc. bought a new stake in Fatpipe Inc/UT (NASDAQ:FATN – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,020 shares of the company’s stock, valued at approximately $170,000. BlackRock Inc. owned 0.19% of Fatpipe Inc/UT at the end of the most recent quarter.
About Fatpipe Inc/UT
FatPipe is a pioneer in enterprise-class, application-aware, secure software-defined wide area network (“SD-WAN”) solutions for organizations, including enterprises, communication service providers, security service providers, government organizations, and middle-market companies. Organizations, large and small, have become increasingly dependent on their information technology (“IT”) network infrastructure for data access and communications, and the critical importance of network reliability, extensibility, and durability has continued to grow as the volume of traffic across those networks expands.
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