For Immediate Release

Zacks Investment Research Initiates Research Report on FatPipe (FATN) Target Price Set at $5

SALT LAKE CITY, UT / ACCESS Newswire / February 18, 2026

FatPipe, Inc. (NASDAQ:FATN) ("FatPipe" or the "Company"), today announced that Zacks Small-Cap Research ("Zacks") Senior Equity Analyst Lisa Thompson has initiated independent equity research coverage on the Company.

Zacks commented,

• "FatPipe's greatly increased salesforce should accelerate growth in FY 2027"
• "We believe FatPipe's valuation should be compared to peer companies that trade at an average of 7.0 times EV/2026 calendar sales. Given its lower margins, we think a 3.5 times multiple would be appropriate, yielding $5.00"

Dr. Ragula Bhaskar commented,

• "We believe FatPipe's valuation should be compared to peer companies that trade at an average of 7.0 times EV/2026 calendar sales. Given its lower margins, we think a 3.5 times multiple would be appropriate, yielding $5.00"

Forward-Looking Statements

Certain statements contained in this press release, may constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on management's current expectations and are inherently subject to various risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. These risks and uncertainties include, but are not limited to, those described in FatPipe's filings with the U.S. Securities and Exchange Commission. Except as required by law, FatPipe expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.

About FatPipe, Inc.

FatPipe pioneered the concept of software-defined wide area networking (SD-WAN) and hybrid WANs that eliminate the need for hardware and software or cooperation from ISPs and allows companies and service providers to control multi-link network traffic. Fatpipe introduced a full single stack cybersecurity solution designed to be sold to the same customer profile, and Buyer as FatPipe. Fatpipe currently has 12 U.S. patents related to multipath, software-defined networking. FatPipe products are sold by 200+ resellers worldwide.

For more information, please visit www.fatpipeinc.com.

Follow us on X @FatPipe_Inc.

Company Contact Info
Vikrant Ragula
Director of Investor Relations
+1 801.683-5656 x 1140
Investor.ir@fatpipeinc.com