Fatpipe Inc/UT (NASDAQ:FATN – Get Free Report) announced its earnings results on Monday. The company reported $0.28 EPS for the quarter, FiscalAI reports. The company had revenue of $7.23 million during the quarter.
Fatpipe Inc/UT Stock Performance
Fatpipe Inc/UT stock traded up $1.05 during mid-day trading on Monday, reaching $5.15. The stock had a trading volume of 967,934 shares, compared to its average volume of 1,536,471. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.74 and a quick ratio of 2.69. Fatpipe Inc/UT has a fifty-two week low of $1.31 and a fifty-two week high of $12.25. The company has a 50-day simple moving average of $2.33. The stock has a market cap of $71.71 million and a price-to-earnings ratio of 73.57.
Insider Buying and Selling
In other news, Director Ragula Bhaskar acquired 20,000 shares of Fatpipe Inc/UT stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $1.45 per share, with a total value of $29,000.00. Following the completion of the purchase, the director owned 2,305,766 shares of the company’s stock, valued at approximately $3,343,360.70. The trade was a 0.87% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Institutional Investors Weigh In On Fatpipe Inc/UT
Analyst Ratings Changes
FATN has been the topic of several analyst reports. Northland Securities initiated coverage on Fatpipe Inc/UT in a report on Monday, May 11th. They issued an “outperform” rating and a $12.00 target price on the stock. Wall Street Zen upgraded Fatpipe Inc/UT to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Fatpipe Inc/UT from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Finally, D. Boral Capital restated a “buy” rating and set a $8.00 target price 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 issued a Sell rating to the company’s stock. According to MarketBeat, Fatpipe Inc/UT currently has a consensus rating of “Hold” and a consensus target price of $10.00.
View Our Latest Stock Analysis on Fatpipe Inc/UT
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.
Read More
- Five stocks we like better than Fatpipe Inc/UT
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Receive News & Ratings for Fatpipe Inc/UT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fatpipe Inc/UT and related companies with MarketBeat.com's FREE daily email newsletter.
