WidePoint secures a multi-year contract to manage telecom operations for government clients, projecting $40-45 million in revenue.
Quiver AI Summary
WidePoint Corporation has announced a multi-year Software as a Service (SaaS) contract with a major telecommunications carrier to implement its FedRAMP Authorized ITMS™ Command Center Platform, which will manage 2 to 2.5 million units across government telecom operations. This partnership is expected to generate $40-45 million in revenue over three years and will help streamline telecommunications management for over 50 government clients. WidePoint's platform is recognized for maintaining compliance with federal security standards, distinguishing it from competitors, and reinforcing the company's leadership in the market. The CEO praised the partnership as a testament to WidePoint's commitment to delivering secure and innovative technology solutions to government agencies facing complex telecom management challenges.
Potential Positives
- WidePoint has secured a multi-year SaaS contract with a major telecommunications carrier, expected to generate revenues of $40-45 million over three years.
- This partnership will manage 2 million to 2.5 million units across government telecom operations, indicating substantial growth potential.
- WidePoint's ITMS™ Command Center Platform is recognized for its FedRAMP Authorization, positioning the company as a leading provider in a competitive market with stringent security requirements.
- The contract reinforces WidePoint's reputation as a trusted partner for government mobility management, serving over 50 government clients and addressing critical telecom management challenges.
Potential Negatives
- The press release heavily emphasizes forward-looking statements, which may raise concerns about the reliability of the projected revenues and unit management, indicating potential financial risk if expectations are not met.
- The use of phrases like "subject to risks and uncertainties" could lead to skepticism among investors and stakeholders regarding the company's ability to deliver on its commitments.
FAQ
What is WidePoint's new SaaS contract about?
WidePoint has secured a multi-year SaaS contract with a major telecommunications carrier to deploy its FedRAMP Authorized ITMS™ Command Center Platform for managing telecom operations.
How many units will the ITMS™ Command Center Platform manage?
The platform is expected to manage between 2 million to 2.5 million units across government telecom operations.
What revenue is WidePoint projected to generate from this contract?
WidePoint estimates that the contract will generate revenues of $40-45 million over the initial three-year term.
Why is WidePoint a trusted partner for government clients?
WidePoint is the only FedRAMP Authorized SaaS Managed Mobility Platform, known for its proven track record and expertise serving federal agencies.
What challenges does WidePoint's platform address?
The ITMS™ platform addresses the complex security and compliance requirements for managing mobility and telecommunications in government organizations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WYY Insider Trading Activity
$WYY insiders have traded $WYY stock on the open market 7 times in the past 6 months. Of those trades, 3 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $WYY stock by insiders over the last 6 months:
- ROBERT J GEORGE (Chief Financial Officer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $32,540.
- JIN KANG (CEO) has made 3 purchases buying 4,600 shares for an estimated $14,844 and 0 sales.
- TODD DZYAK (COO) has made 0 purchases and 2 sales selling 2,000 shares for an estimated $6,700.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WYY Hedge Fund Activity
We have seen 16 institutional investors add shares of $WYY stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC removed 44,798 shares (-25.3%) from their portfolio in Q2 2025, for an estimated $153,209
- ROYAL BANK OF CANADA added 30,061 shares (+231238.5%) to their portfolio in Q2 2025, for an estimated $102,808
- CITADEL ADVISORS LLC removed 29,023 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $99,258
- BRIDGEWAY CAPITAL MANAGEMENT, LLC added 28,269 shares (+87.6%) to their portfolio in Q2 2025, for an estimated $96,679
- JANE STREET GROUP, LLC added 25,554 shares (+inf%) to their portfolio in Q2 2025, for an estimated $87,394
- UBS GROUP AG removed 25,364 shares (-30.8%) from their portfolio in Q2 2025, for an estimated $86,744
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 25,198 shares (+83.0%) to their portfolio in Q2 2025, for an estimated $86,177
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$WYY Analyst Ratings
Wall Street analysts have issued reports on $WYY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 10/31/2025
- WestPark Capital issued a "Buy" rating on 10/01/2025
To track analyst ratings and price targets for $WYY, check out Quiver Quantitative's $WYY forecast page.
$WYY Price Targets
Multiple analysts have issued price targets for $WYY recently. We have seen 2 analysts offer price targets for $WYY in the last 6 months, with a median target of $9.0.
Here are some recent targets:
- Scott Buck from HC Wainwright & Co. set a target price of $9.0 on 10/31/2025
- Casey Ryan from WestPark Capital set a target price of $9.0 on 10/07/2025
Full Release
FAIRFAX, Va., Nov. 04, 2025 (GLOBE NEWSWIRE) -- WidePoint Corporation (NYSE American: WYY ) , a federally certified provider of Trusted Mobility Management (TM2) solutions, is proud to announce a multi-year Software as a Service (SaaS) contract with a major telecommunications carrier to deploy its innovative FedRAMP Authorized ITMS™ Command Center Platform.
This SaaS solution will manage and serve as the system of record for the expected 2 million to 2.5 million units across government telecom operations, transforming how federal, state, local, and education agencies oversee their telecommunications assets. WidePoint estimates the contract will generate revenues of $40-45 million over the initial three-year term of the contract, based on the expected number of managed units.
This multi-year engagement highlights the carrier’s trust in WidePoint’s proven ITMS™ Command Center Platform, serving as the hub for the carrier’s governmental clients and internal teams. It ensures compliance with federal security standards and streamlines complex telecom management. The estimated scale of units managed under this new contract highlights the strategic value of ITMS™’s FedRAMP Authorized status, positioning WidePoint as a leader in a market where competitors struggle to meet such rigorous requirements.
A Milestone for WidePoint and the Government Sector
This strategic partnership will serve over 50 government clients, further establishing WidePoint as the premier SaaS FedRAMP solution provider for complex mobility and telecom management in the federal space. As government agencies increasingly prioritize trusted, secure, and compliant solutions, WidePoint remains at the forefront of the evolving landscape.
"We are honored that this major carrier has entrusted WidePoint with such a critical component of its government services," said Jin Kang, CEO of WidePoint. "This partnership not only reinforces WidePoint’s leadership in FedRAMP-Authorized solutions, it also exemplifies our commitment to providing secure, innovative technology to support government operations."
Addressing Critical Challenges in Government Telecom Management
Government organizations face increasingly complex requirements for managing mobility and telecommunications—demanding solutions that are both highly secure and compliant. WidePoint’s FedRAMP-Authorized Managed Mobility Platform fills this critical need, delivering a secure, reliable, and scalable enterprise solution.
"We are excited to partner with this major carrier on such a transformative engagement," said Jason Holloway, CRO of WidePoint. "Their trust in our FedRAMP-Authorized platform will enable WidePoint to deliver the most secure and efficient mobility management solutions for their government clients, reinforcing our position as a leader in government mobility management."
Why the Major Carrier Chose WidePoint
WidePoint stands out as the only FedRAMP Authorized SaaS Managed Mobility Platform. Its longstanding reputation, subject matter expertise, and proven track record – serving agencies such as the Department of Homeland Security – have cemented WidePoint’s position as the trusted partner for government mobility management. The carrier’s decision underscores WidePoint’s agility and capacity to deliver solutions that meet the stringent security and compliance standards of federal government clients.
"I want to extend my heartfelt thanks to our dedicated staff for their hard work and innovation in developing the ITMS™ platform," said Todd Dzyak, COO of WidePoint . "Their commitment has helped us establish the ITMS™ as the premier FedRAMP-Authorized platform for both Federal and enterprise customers, and this new partnership further validates our leadership in secure mobility management."
About WidePoint
WidePoint Corporation (NYSE American: WYY) is a leading technology Managed Solution Provider (MSP) dedicated to securing and protecting the mobile workforce and enterprise landscape. WidePoint is recognized for pioneering technology solutions that include Identity & Access Management (IAM), Mobility Managed Services (MMS), Telecom Management, Information Technology as a Service, Cloud Security, and Analytics & Billing as a Service (ABaaS). To learn more, visit
https://www.widepoint.com
.
Safe Harbor Statement
This press release contains forward-looking statements concerning our business, operations and financial performance including anticipated number of devices under management, anticipated revenue, and performance under the new agreement. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. All statements other than statements of historical fact included herein are forward-looking statements. You can identify these statements by words such as ‘aim,’ ‘anticipate,’ ‘assume,’ ‘believe,’ ‘could,’ ‘due,’ ‘estimate,’ ‘expect,’ ‘goal,’ ‘intend,’ ‘may,’ ‘objective,’ ‘plan,’ ‘potential,’ ‘positioned,’ ‘predict,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and our management’s beliefs and assumptions. These statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected, including, the risk factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on April 15, 2025.
WidePoint Investor Relations:
Gateway Group, Inc.
Matt Glover or John Yi
949-574-3860
[email protected]