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FATN

FatPipe, Inc.

FATN

NASDAQ·Technology·Software - Application·Mkt cap $86.1M

$5.98

-2.61%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$1.31 - $10.77

P/E

79.21

Fwd P/E

22.15

Beta

2.37

Div Yield

0.00%

Avg Vol

1.2M

Shares Out

13.9M

Mkt Cap

$86.1M

Price action

Price chart

Down 33.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Integrated security and networking capabilities reducing vendor complexity
  • Established customer base across government, healthcare, and enterprise sectors
  • Proprietary SD-WAN and SASE technology stack
  • Global partner network enabling broad market reach

Bear Case

2 risks

  • High volatility (beta 2.4). Larger-than-normal price swings expected.
  • Premium valuation to Cybersecurity Software peers

Growth

Strong growth ahead

Accelerating enterprise adoption of cloud-based networking and SD-WAN technologies

Value

Premium valuation to Cybersecurity Software peers

Momentum

Hot

+186.1% over 3m

Quality

Excellent

Strong fundamentals

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Jul 29, 2026

Q2 26 RECAP

MAY 18, 2026

Reported EPS of $0.39 vs $0.17 consensus (+129.4% surprise). Revenue of $7.2M vs $6.5M expected (+10.3%). Beat on both top and bottom lines.

EPS beat +129.4%
Rev beat +10.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+129.4%

Next: Jul 29, 2026

Revenue trend · last 8Q

-41%

+5%

+6%

+30%

Q4 24

Q1 24

Q2 24

Q3 24

Q4 25

Q1 25

Q2 25

Q3 25

$5.4M

$3.8M

$3.8M

$3.1M

$3.1M

$3.9M

$4.0M

$4.1M

Margins · last 8Q

Gross

87.7%

Operating

9.8%

Profit

7.6%

Wall Street consensus

1 analyst · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

1

100%

Hold

0%

Sell

0%

Median Price Target

Latest: D. Boral Capital · May 1, 2026

vs Industry

How FATN stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.