Why FatPipe Stock Is Surging On Friday?
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FatPipe Inc. (NASDAQ: FATN) shares surged 6.58% to $3.24 following a preliminary Q4 report indicating a 79% YoY revenue increase, with expected earnings between $6.6 million and $7 million. Adjusted EBITDA is projected at $3 million to $3.2 million, up from $0.2 million last year. The company attributes growth to expanded public sector contracts and improved accessibility for educational institutions. Technical indicators show the stock is rebounding, trading significantly above its 20-day and 100-day SMAs, with key resistance at $4 and support at $2.
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