FatPipe shares jump 12.48% intraday after CEO addresses post-IPO lockup expiry and highlights undervaluation vs. sector peers.

FatPipe, Inc. surged 12.48% intraday following the CEO's letter addressing post-IPO lockup expiry-driven volatility and highlighting a valuation discount versus peers. Dr. Ragula Bhaskar emphasized undisturbed fundamentals, citing Q2 fiscal 2026 results and a 2.06x Price/Sales multiple versus an 11.20x sector average, positioning the stock as undervalued. The letter underscored growth in SD-WAN and cybersecurity markets, bolstering investor confidence ahead of a December 16 investor webinar. The move aligns with management’s focus on recurring revenue expansion and long-term shareholder value, countering short-term selling pressure.