13 Most Undervalued Cybersecurity Stocks to Buy Now

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10. OneSpan Inc. (NASDAQ:OSPN)

Number of Hedge Fund Holders: 25

Forward P/E Ratio: 9.89x

On August 6, Rosenblatt analyst Catherine Trebnick maintained her Buy rating on OneSpan Inc. (NASDAQ:OSPN), while lowering the price target to $17 from $20. However, the current price target still represents a 23% upside from the current market price of $13.82. Trebnick reduced the company’s revenue outlook after the management said that it expects the softness in its hardware business to persist in the second half of this year. The hardware business represents nearly a third of the company’s business as of the end of 2024.

The company reported a revenue of $59.84 million in Q2, a 1.77% decline on a year-over-year basis. However, the company’s net income rose to $8.34 million, a 27.3% increase from the same quarter last year. That said, the company’s net margin narrowed from the previous quarter from 22.89% to a still healthy 13.94%.

OneSpan Inc. (NASDAQ:OSPN) is a leader in digital identity and authentication solutions. The company is seeing a strategic transformation through product innovation and targeted M&A. The stock is a great option for growth-oriented investors through its focus on authentication without the need for a password, enterprise integration, and digital workflows.

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