Zacks Research Lifts Earnings Estimates for Fatpipe Inc/UT

Fatpipe Inc/UT (NASDAQ:FATN) – Investment analysts at Zacks Research upped their Q3 2027 earnings per share estimates for shares of Fatpipe Inc/UT in a research report issued on Friday, July 31st. Zacks Research analyst L. Thompson now forecasts that the company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.10. The consensus estimate for Fatpipe Inc/UT’s current full-year earnings is $0.41 per share. Zacks Research also issued estimates for Fatpipe Inc/UT’s FY2028 earnings at $0.41 EPS.

FATN has been the subject of several other reports. D. Boral Capital reiterated a “buy” rating and issued a $8.00 price target on shares of Fatpipe Inc/UT in a report on Friday, May 1st. Wall Street Zen downgraded shares of Fatpipe Inc/UT from a “buy” rating to a “hold” rating in a 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, Northland Securities assumed coverage on Fatpipe Inc/UT in a research report on Monday, May 11th. They issued an “outperform” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Fatpipe Inc/UT presently has an average rating of “Hold” and an average target price of $10.00.

Fatpipe Inc/UT Stock Performance

FATN stock opened at $6.89 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.85 and a quick ratio of 3.75. The stock has a fifty day moving average of $5.68. Fatpipe Inc/UT has a one year low of $1.31 and a one year high of $10.77. The stock has a market capitalization of $96.60 million, a P/E ratio of 17.67 and a beta of 2.80.

Fatpipe Inc/UT (NASDAQ:FATN) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $5.03 million during the quarter. Fatpipe Inc/UT had a return on equity of 29.83% and a net margin of 26.87%.

Hedge Funds Weigh In On Fatpipe Inc/UT

A hedge fund recently bought a new stake in Fatpipe Inc/UT stock. Renaissance Technologies LLC bought a new position in Fatpipe Inc/UT (NASDAQ:FATN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 25,300 shares of the company’s stock, valued at approximately $51,000. Renaissance Technologies LLC owned about 0.18% of Fatpipe Inc/UT as of its most recent SEC filing.

Fatpipe Inc/UT Company Profile

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.