13 Most Undervalued Cybersecurity Stocks to Buy Now

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9. Extreme Networks, Inc. (NASDAQ:EXTR)

Number of Hedge Fund Holders: 27

Forward P/E Ratio: 20.38x

Extreme Networks, Inc. (NASDAQ:EXTR) is one of the most undervalued cybersecurity stocks to buy now. On August 7, Needham maintained its Buy rating on Extreme Networks, Inc. (NASDAQ:EXTR). Needham increased its price target from $20 to $24. That represents a juicy 21% upside from the current levels of $19.75. The recent raise in price target comes after the company delivered robust Q4 FY 2025 earnings. The company also guided FY26 ahead of consensus.

Extreme Networks, Inc. (NASDAQ:EXTR) reported a revenue of $307 million, a near 20% increase on a year-over-year basis. That said, the company is still struggling to make ends meet, reporting a net loss of $7.80 million. According to Needham though,  the company reported a record net new SaaS ARR of $24 million and is showing strength in the APAC and EMEA regions.

Needham added in its research note that the company’s new Platform ONE launch in the September quarter should drive slow, steady acceleration in ARR and its differentiated campus fabric architecture to generate up-market share gains.

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