ENET – Is This One Seriously Mispriced?25 Mar 2026 19:43
Ethernity Networks Ltd develops specialised chip technology and software that helps move and process data quickly inside networks. Rather than selling finished hardware, the company provides intellectual property (IP) that is built into telecom and defence systems. Their technology acts like a high-speed traffic controller for data, ensuring information flows efficiently, securely, and with minimal delay.
Their solutions are often based on programmable chips (FPGA), which allow systems to be updated and adapted without replacing hardware. This makes them useful in industries like telecoms and defence, where performance, flexibility, and speed are critical.
In modern warfare, this type of technology is becoming vital. Military operations rely heavily on real-time data from drones, radar, satellites, and secure communications. The faster and more reliably this data can be processed and transmitted, the better decisions can be made on the battlefield. As warfare becomes more data-driven, technologies like Ethernity’s play an important behind-the-scenes role in enabling fast, secure, and low-latency communication systems.
At this valuation, a lot of the downside looks priced in. If they deliver on $2m revenue, expand defence contracts, or secure an ASIC partnership, this could rerate significantly.
I rate it a STRING BUY!!!!