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Upturn AI Summary - About
FatPipe, Inc. Common Stock(FATN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FATN
10/13/2026: FATN (1-star) is currently NOT-A-BUY. Pass it for now.
FatPipe, Inc. is a niche technology provider specializing in software-defined wide area network (SD-WAN) and secure access service edge (SASE) solutions. The company's primary strength lies in its long-standing history as a pioneer in the SD-WAN space and a well-established international reseller network. Its growth story centers on capitalizing on the rapid enterprise shift toward cloud-optimized, secure connectivity. However, the company faces significant competition from much larger, well-capitalized networking incumbents that could pressure margins. FatPipe is best suited for growth-oriented investors with a high tolerance for volatility, and developments regarding their SASE product adoption and competitive market positioning should be closely monitored.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company operates in the high-growth SD-WAN and SASE sector with strong double-digit revenue expansion. |
| Momentum investor | Mixed fit | Momentum is highly dependent on technical price action and sustained positive analyst sentiment. |
| Value investor | Weak fit | The company is a growth-oriented small-cap and currently trades on growth potential rather than traditional value metrics. |
| Dividend investor | Weak fit | The company does not pay dividends and focuses all capital on scaling operations. |
| Low-risk investor | Weak fit | Small-cap volatility and competition from industry giants make this stock high-risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | As a smaller recently public company, FATN shares are prone to significant price swings. |
| Valuation risk | Medium | High expectations for growth mean the stock price is sensitive to quarterly performance misses. |
| Competition risk (Network security incumbents) | High | Large competitors have massive marketing and R&D budgets that can crowd out smaller players. |
| Business quality | Medium | The company has a solid, proprietary software base but lacks the scale of diversified tech leaders. |
| Dividend income | Low / none | Investors should not rely on this stock for current income. |
| Execution risk | Medium | Scaling international sales channels and maintaining software feature parity is complex. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit 18.92% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 70.78M USD | Price to earnings Ratio 12.53 | 1Y Target Price 10 |
Price to earnings Ratio 12.53 | 1Y Target Price 10 | ||
Volume (30-day avg) 63.5K shares | Beta - | 52 Weeks Range 1.31 - 8.61 | Updated Date 10/13/2026 |
52 Weeks Range 1.31 - 8.61 | Updated Date 10/13/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.4 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| SD-WAN Software Subscription | Recurring revenue from licensing SD-WAN software to enterprises and service providers. | The primary engine of the company is recurring software fees, which creates predictable long-term revenue. |
| Security and Monitoring Services | Subscriptions to Total Security 360 and EnterpriseView NMS platforms. | These high-margin security add-ons increase the value generated from each existing customer. |
| Geography (International) | Global sales via resellers and direct channels, with a significant presence in India and the US. | International exposure provides a larger total addressable market but introduces currency and regional execution risks. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 12.53 | Forward PE 11.21 | Enterprise Value 75.67M | Price to Sales(TTM) 3.49 |
Enterprise Value 75.67M | Price to Sales(TTM) 3.49 | ||
Enterprise Value to Revenue 3.73 | Enterprise Value to EBITDA 17.99 | Shares Outstanding 14.13M | Shares Floating 6.27M |
Shares Outstanding 14.13M | Shares Floating 6.27M | ||
Percent Insiders 55.64 | Percent Institutions 5.48 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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