10 Best Cybersecurity Stocks to Buy Under $50

3. Varonis Systems, Inc. (NASDAQ:VRNS)

Stock Price as of December 3: $31.22

Stock Upside Potential: 78.58%

Number of Hedge Fund Holders: 37

Varonis Systems Inc. (NASDAQ:VRNS) is one of the best cybersecurity stocks to buy under $50. Varonis Systems Inc. (NASDAQ:VRNS) commands a strong Buy consensus rating from 19 analysts, with 15 Buy and 4 Hold ratings. The average price target on the stock is $57.61, implying 78.58% upside potential from the current price of $31.22 a share.

On November 18, the company confirmed the integration of its data security posture management with Microsoft Purview. The integration will enable organizations to monitor sensitive data across multiple platforms in a unified interface. Additionally, the integration will allow security teams to extend visibility beyond Microsoft environments into third-party platforms such as Salesforce.

“This security integration between Varonis and Microsoft Purview comes at a critical moment for AI adoption,” said Yaki Faitelson, CEO and Co-Founder of Varonis. “This DSPM integration gives customers the confidence to safely adopt AI apps and agents by increasing visibility on sensitive data accessed by those tools.”

Varonis has partnered with Microsoft to eliminate blind spots and simplify operations through streamlined experiences amid heightened data management challenges and the adoption of AI applications.

Meanwhile, William Blair analyst Jason Ader maintains a Buy rating on the stock despite a significant pullback following third-quarter results. According to the analyst, the pullback is excessive given the company’s solid sales growth trajectory.

Varonis Systems, Inc. (NASDAQ:VRNS) provides a data security platform that protects an organization’s critical information, whether stored in the cloud or on-premises. Its cybersecurity focus is on protecting the data itself, rather than traditional perimeter or endpoint security, by monitoring access, detecting threats, and automating risk reduction.