Zacks Research Predicts Lower Earnings for Fatpipe Inc/UT

Fatpipe Inc/UT (NASDAQ:FATN) – Investment analysts at Zacks Research lowered their Q1 2027 earnings estimates for Fatpipe Inc/UT in a research note issued on Friday, May 22nd. Zacks Research analyst L. Thompson now anticipates that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.11. The consensus estimate for Fatpipe Inc/UT’s current full-year earnings is $0.27 per share. Zacks Research also issued estimates for Fatpipe Inc/UT’s Q2 2027 earnings at $0.04 EPS, Q3 2027 earnings at $0.10 EPS, Q4 2027 earnings at $0.28 EPS, FY2027 earnings at $0.49 EPS and FY2028 earnings at $0.51 EPS.

FATN has been the subject of a number of other research reports. Northland Securities initiated coverage on shares of Fatpipe Inc/UT in a research report on Monday, May 11th. They issued an “outperform” rating and a $12.00 target price for the company. Weiss Ratings raised shares of Fatpipe Inc/UT from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Wall Street Zen raised shares of Fatpipe Inc/UT from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 target price on shares of Fatpipe Inc/UT in a research report on Friday, May 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Fatpipe Inc/UT currently has an average rating of “Hold” and a consensus price target of $10.00.

Fatpipe Inc/UT Trading Up 16.1%

Fatpipe Inc/UT stock opened at $4.82 on Thursday. The company has a market capitalization of $67.58 million and a P/E ratio of 13.77. Fatpipe Inc/UT has a 1-year low of $1.31 and a 1-year high of $11.08. The company has a fifty day simple moving average of $2.74. The company has a current ratio of 3.85, a quick ratio of 3.75 and a debt-to-equity ratio of 0.17.

Institutional Trading of Fatpipe Inc/UT

A hedge fund recently bought a new stake in Fatpipe Inc/UT stock. Renaissance Technologies LLC bought a new position in shares of Fatpipe Inc/UT (NASDAQ:FATN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

Insider Buying and Selling

In other news, Director Ragula Bhaskar purchased 20,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $1.45 per share, for a total transaction of $29,000.00. Following the completion of the purchase, the director directly owned 2,305,766 shares in the company, valued at $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 is accessible through the SEC website.

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.