10 Best Cybersecurity Stocks to Invest in Under $20

7. Identiv, Inc. (NASDAQ:INVE)

Share Price: $3.25

Number of Hedge Fund Holders: 12

Leading developer of specialized IoT and RFID solutions, Identiv, Inc. (NASDAQ:INVE) serves a variety of industries, including consumer products, healthcare, and pharmaceuticals. Identiv, which has its headquarters in Santa Ana, California, specializes in gadgets that integrate or affix to tangible objects to provide distinct digital identities for improved user experiences, real-time tracking, and verification. Since its founding in 1990, the company has progressively established a solid reputation for safely bridging the digital and physical worlds.

Identiv, Inc. (NASDAQ:INVE) had a revolutionary year in 2024, turning into a pure-play IoT company with an exclusive RFID focus. Revenue for the fourth quarter was $6.7 million, above forecast, and for the full year it was $26.6 million. Identiv made great progress by moving 75% of manufacturing to a new, low-cost plant in Thailand, aiming for a long-term gross margin of 35%, despite revenue challenges from the production change. Future growth is anticipated to be driven by new product developments, such as BLE-enabled healthcare and smart packaging devices.

On February 27, 2025, Identiv, Inc. (NASDAQ:INVE) also revealed a significant strategic alliance with Novanta Inc. to expedite the use of RFID in medical equipment. Identiv’s RFID inlays and Novanta’s ThingMagic readers will be combined to provide end-to-end solutions that will enhance patient safety and spur product development. “Facilitate the adoption of RFID technology in critical medical device applications” is what CEO Kirsten Newquist highlighted as the outcome of this collaboration.

Furthermore, Identiv, Inc. (NASDAQ:INVE) is well-positioned for margin expansion and operational leverage thanks to its Perform, Accelerate, Transform (PAT) strategy, which focuses on growing in high-value healthcare and logistics verticals. The company’s transition period appears to be almost finished, and the foundation for scalable, profitable development in 2025 is solidly established thanks to significant macro tailwinds in cybersecurity and IoT digitization.