Widepoint C

WidePoint Corporation said deployment of its FedRAMP Authorized ITMS Command Center Platform for a leading U.S. telecommunications carrier remains on schedule. The carrier expanded the scope of the implementation to support additional operational requirements, resulting in approximately $1.0 million of additional integration services beyond the original plan, with another purchase order of approximately $1.0 million expected. The underlying SaaS agreement, announced on November 4, 2025, is unchanged and is expected to generate approximately $40 million to $45 million in recurring, margin-accretive SaaS revenue over its five-year contract term, based on the anticipated deployment of approximately 2.0 million to 2.5 million managed devices. CEO Jin Kang said the deployment continues to meet key milestones, while the added integration work reflects the needs of a deployment of this scale and the carrier's confidence in WidePoint's team and technology.

Zacks Investment Research added five stocks to its Zacks Rank #1 (Strong Buy) List today. Cummins Inc. saw its current-year earnings consensus estimate rise 12.6% over the last 60 days. Analog Devices, Inc. experienced an 11.6% increase in its current-year earnings estimate. WidePoint Corporation's estimate climbed 25%, Concrete Pumping Holdings, Inc. surged 41.7%, and Clear Secure, Inc. gained 9.9% over the same period.

WidePoint was selected as the sole awardee of the U.S. Department of Homeland Security's Cellular Wireless Managed Services 3.0 contract, a 10-year agreement with a ceiling value of about $3.1 billion. The IDIQ contract includes a one-year base period and nine one-year option periods, with an ordering period that begins June 25, 2026. Under the award, WidePoint will provide and manage communications-related services supporting device lifecycle management, connectivity, security and operational requirements across DHS agencies. The contract has a maximum ceiling value of approximately $3.07 billion over the 10-year term, though actual revenue will depend on task orders issued during the contract period. Its stock price almost doubled, surging 91% to $32.85 after the news, during Thursday's pre-market trade.