10 Best Cybersecurity Stocks to Invest in Under $20

2. A10 Networks, Inc. (NYSE:ATEN)

Share Price: $16.40

Number of Hedge Fund Holders: 30

A10 Networks, Inc. (NYSE:ATEN) is a new cybersecurity and infrastructure solutions provider that serves businesses, governments, and telecom carriers globally. A10 Networks, known for its extremely efficient and secure technologies, has been expanding into the rapidly rising AI data center market. With excellent financials, outstanding innovation, and recent strategic acquisitions, the company is establishing itself as a significant competitor in cybersecurity and AI-powered networking solutions.

In 2024, A10 Networks, Inc. (NYSE:ATEN) witnessed enterprise revenues grow 6% and service provider revenues rise 2.5%, reversing previous year decreases. Security-led revenue, a significant strategic priority, increased 9% year-over-year to 63% of overall revenue, approaching the company’s long-term aim of 65%. A10 Networks, Inc. (NYSE:ATEN) also returned capital to shareholders through dividends and share repurchases, demonstrating its strong cash creation from operations of $90.5 million.

A10 Networks, Inc. (NYSE:ATEN) increased its cybersecurity portfolio on February 12, 2025, with the acquisition of ThreatX Protect, a premier web application and API protection (WAAP) product. The acquisition enhances A10’s Defend platform with powerful AI-driven behavioral threat identification and bot control capabilities. With the proliferation of AI applications, ThreatX Protect enhances A10 Networks’ hybrid cybersecurity capabilities by protecting apps and APIs across public, private, and on-premises settings.

A10 Networks, Inc. (NYSE:ATEN), with its underrated positioning, strong focus on cybersecurity innovation, and share price under $20, stands out as one of the best cybersecurity stocks to keep an eye on.