FatPipe Networks CEO Addresses Shareholders Amid Market Volatility

FatPipe Networks (NASDAQ:FATN), specializing in enterprise-class SD-WAN solutions, has released a letter from CEO Dr. Ragula Bhaskar to shareholders. Following its recent IPO, FatPipe’s stock faced downward pressure due to the expiration of the initial shareholder lockup period, resulting in increased trading and short-term volatility. Dr. Bhaskar assures stakeholders that this volatility does not indicate a fundamental change in FatPipe's business trajectory.

The company highlights its market position relative to peers in the SD-WAN and cybersecurity sectors, noting a potentially favorable valuation. FatPipe trades at roughly a 2.06x Price/Sales multiple compared to an industry average of 11.20x, suggesting value opportunity as it scales revenue and operations.

FatPipe emphasizes its focus on growth and innovation in secure SD-WAN technologies. The firm aims for long-term gains through strategic investments in sales, partnerships, and recurring revenue models. With increased interest from enterprise and public sectors, FatPipe remains committed to enhancing its market presence and shareholder value.