13 Most Undervalued Cybersecurity Stocks to Buy Now

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2. Dell Technologies Inc. (NYSE:DELL)

Number of Hedge Fund Holders: 63

Forward P/E Ratio: 14.84x

Dell Technologies Inc. (NYSE:DELL) is one of the most undervalued cybersecurity stocks to buy now. On July 18, Bank of America maintained its Buy ratings on Dell Technologies Inc. (NYSE:DELL), while increasing its price target from $155 to $165. The stock is currently trading at $139.16, meaning BofA thinks there is a 18.5% upside for the stock. The firm expects IT hardware companies like Dell Technologies Inc. (NYSE:DELL) to benefit from the growth of enterprise/sovereign AI over the next decade.

In August, Macquarie Data Centres partnered with Dell to deliver AI infrastructure in Australia. The collaboration will see the Dell AI Factory with Nvidia hosted in the former’s upcoming IC3 Super West data centre, built to support high-performance AI workloads. This joint venture targets heavily regulated sectors like healthcare and finance, aligning with Australia’s national push for secure and sovereign AI capabilities.

In May, the company announced a battery of updates for its AI Factory offerings to help enterprises easily deploy, manage and scale AI. The updates include new AI computers, energy-efficient data center inventions and collaborations with tech giants like Meta and Nvidia. By taking care of the main obstacles to AI’s adoption, Dell is positioning itself as a an important cog in AI-enabling.

Dell Technologies Inc. (NYSE:DELL), offers a comprehensive suite of end-to-end cybersecurity solutions to enterprises, like data protection, recovery capabilities and threat detection.

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