ASX-listed Etherstack rises most in 11-1/2 months on positive outlook

Etherstack

23/11/2021 24:44

** Shares of Etherstack Plc  ESK.AX  jump as much as 18.3%
to A$0.55, on track for their best session since Dec. 7, 2020
    ** UK-based software developer raises FY21 revenue guidance
to $8.6 mln from $8.4 mln  urn:newsml:reuters.com:*:nASN001X0X
    ** Sees NPAT of about $1.3 mln
    ** Says it expects to announce second telco carrier win via
Samsung in the first half of 2022 through their global teaming
agreement in an OECD country
    ** Stock hits its highest since Sept. 28; Nearly 349,400
shares change hands, 4.4x the 30-day average volume of about
79,100 shares
    ** Stock down 25% this year, as of last close

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))