Fatpipe (FATN) stock underwent a massive rally on Thursday after the secure software-defined wide area networking (SD-WAN) and cybersecurity solutions company announced an expansion of its services. The company has new agreements that bring its services to multiple government and education procurement contract vehicles.
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Fatpipe highlighted three new contract types that make its services available to more consumers, including:
- The company’s services are available through several state-level contracts for K-12 and higher education institutions.
- Fatpipe also has a NASA Solutions for Enterprise-Wide Procurement (SEWP) contract related to the federal government and its technology.
- The company’s technology is also available via an Equalis Group cooperative purchasing program as part of a partnership with TD SYNNEX (SNX).
Dr. Ragula Bhaskar, CEO of Fatpipe, said, “We are making it easier for government and education customers to access our secure SD-WAN and cybersecurity solutions while accelerating deployment timelines by expanding our presence across leading contract vehicles.”
Fatpipe Stock Movement Today
Fatpipe stock was up 34.68% on Thursday, extending a 22.77% year-to-date rally. However, the stock has fallen 70.82% over the past 12 months.
With today’s news came heavy trading of FATN stock, as more than 1 million shares changed hands. For comparison, the company’s three-month average daily trading volume is about 42,000 shares.
Is Fatpipe Stock a Buy, Sell, or Hold?
Turning to Wall Street, only a single analyst has covered Fatpipe stock over the past three months. D. Boral Capital analyst Jason Kolbert initiated coverage on March 23, 2026, with a Buy rating and an $8 price target, representing a potential 139.52% upside for the shares.
TipRanks’ AI analyst Spark has also covered FATN stock. Spark rates the shares as Neutral with a $2 price target. It cites “weak cash generation and compressed profitability despite strong gross margins and a low-leverage balance sheet” as reasons for this stance.
