FATN News & Events

In a letter, CEO Ragula Bhaskar, said, in part, "Following our successful IPO earlier this year, FatPipe's stock has recently experienced downward pressure as the initial shareholder lockup period expired. This has allowed certain long-term historical shareholders to exit or reduce their positions, resulting in increased trading volume and short-term volatility. While such activity is common following a company's transition to a public market, it does not reflect any change in our underlying fundamentals or business trajectory. At FatPipe, we remain focused on executing our strategic priorities and expanding our customer base. Our second quarter fiscal year 2026 results, released on November 4, 2025, underscore the health of our operations and the momentum we continue to build across key markets. As we evaluate FatPipe's position within the broader networking and cybersecurity landscape, it is important to note how our valuation compares to peers in the SD-WAN and cybersecurity markets. According to an NYU Stern analysis of Revenue Multiples by Sector, 333 firms in the Software category traded at an average 11.20x Price/Sales multiple and 11.54x EV/Sales Multiple, while FatPipe currently trades at approximately a 2.06x Price to Sales multiple and 2.05x Enterprise Value/Sales multiple, respectively. This comparison underscores the relative value opportunity we believe exists for FatPipe as we continue to grow recurring revenue, expand margins, and demonstrate the scalability of our SD-WAN and cybersecurity model. FatPipe continues to distinguish itself as a pioneer in secure, application-aware SD-WAN and single-stack cybersecurity solutions. Our integrated approach combines reliability, optimization, and advanced security capabilities that customers increasingly demand as they modernize their network edge. Our investments in sales coverage, partner enablement, and recurring revenue offerings are designed to translate into sustained growth in fiscal 2026 and beyond. We are also seeing strong interest from both enterprise and public sector organizations seeking cost-effective, high-performance alternatives to legacy networking vendors. As we continue to scale as a newly public company, our focus remains on disciplined execution, profitable growth, and long-term shareholder value creation."

FatPipe announced the completion of a 210+ site SD-WAN rollout for a large U.S. school district under a $1.4 million contract. The project brings all campuses, administrative offices, and data centers onto a single FatPipe SD-WAN design intended to provide reliable connectivity for instruction, testing, voice, and video.

FatPipe announced the completion of a 108-site SD-WAN deployment for a large regional bank. The program brings the bank's branches, data centers, and remote offices onto a single FatPipe SD-WAN architecture designed to improve reliability, simplify operations, and enhance end-user experience across critical banking applications. The multi-site rollout used FatPipe's controller-based design to deliver centralized policy, zero-touch provisioning, and uniform configuration across all locations. Application-aware routing and intelligent path selection help ensure consistent performance for real-time services, core banking systems, and cloud workloads.

FatPipe announced the addition of 174 new customers in the first quarter of fiscal year 2026. This surge in adoption contributed to a 16.2% year-over-year increase in product revenue compared to the same quarter of the prior fiscal year. "The addition of 174 new customers in Q1 highlights the accelerating demand for FatPipe's software-defined networking solutions," said Dr. Ragula Bhaskar, CEO of FatPipe. "Customer growth is the foundation of our subscription-based model, and this momentum gives us confidence in our ability to drive sustainable, recurring revenue growth as we continue expanding in key markets globally."