Phunware (PHUN) Stock Heads Up On Cisco Partnership

Phunware PHUN Stock News

Phunware Inc (NASDAQ: PHUN) is having an incredibly strong start to the trading session this morning, and for good reason. The company announced that its COVID-19 related products have been added to the Cisco Meraki marketplace. Here’s what’s going on:

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PHUN Stock Runs On Inclusion In The Meraki Marketplace

In the press release, Phunware announced that Cisco Meraki will feature its pandemic response solutions on its marketplace. Through the marketplace, the company’s solutions will be marketed to healthcare organizations and city officials, likely leading to strong growth in sales.

In particular, the company’s mobility first solutions will be marketed as a way for these potential customers to effectively address critical challenges brought on by a pandemic, like what we’re seeing from COVID-19.

Through the tech provided by Phun, healthcare organizations and municipalities will have the ability to safely design testing areas, parking lots, and other areas. The tech also provides the ability to care for patients remotely, coordinate staff, and much more.

In a statement, Alan S. Knitowski, President, CEO and Co-Founder at PHUN, had the following to offer:

We developed MaaS to enable large corporations like Cisco to efficiently distribute our software globally for digital transformation initiatives in mobile environments. The Meraki Marketplace enables thousands of Cisco Meraki customers across more than 100 countries worldwide to easily purchase and deploy our solutions to optimize healthcare, government, corporate and higher education operations in a mobile-first world, including the tech-enablement of entire cities if and as needed, as the executives and leaders of these businesses and organizations address their pandemic-specific needs.

This News Is Huge

The bottom line here is that while the United States economy is reopening, the COVID-19 pandemic is far from behind us. As a result, we need ways to keep consumers safe and keep the pandemic under control.

The Phunware products that are hitting the marketplace at Cisco Meraki help to do just that. Considering the state of the COVID-19 pandemic, these services are likely to be in high demand, and with listing on the Meraki marketplace, there’s a strong argument that the company will see a dramatic rise in sales.

As such, PHUN is a stock for the watchlist.

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