5 Most Undervalued Cybersecurity Stocks to Invest In

4. Endava plc (NYSE:DAVA)

Forward P/E: 3.43

On April 6, TD Cowen lowered the firm’s price target on Endava plc (NYSE:DAVA) to $6 from $6.50 while maintaining a Hold rating, as part of a broader adjustment across the IT services group ahead of Q1 earnings. The firm noted expectations for “broadly uneventful” quarters across the sector, reflecting subdued client spending and limited near-term catalysts. This cautious outlook highlights ongoing pressure on discretionary IT budgets, particularly in areas tied to digital transformation projects, which have historically been a key growth driver for Endava.

On March 30, 2026, Endava plc (NYSE:DAVA) reported its unaudited interim results for the six months ended December 31, 2025, showing revenue of £362.3 million, down from £390.6 million in the prior-year period. The company posted a pre-tax loss of £15.7 million and a net loss of £15.1 million attributable to shareholders, compared to profits in the prior year, as weaker gross margins and higher financing costs weighed on performance. Despite these pressures, Endava maintained access to capital markets infrastructure and reaffirmed its U.S. listing framework, positioning itself to retain financial flexibility and support long-term strategic initiatives.

Endava plc (NYSE:DAVA) is a global technology services company specializing in digital transformation, software engineering, and intelligent automation solutions. Founded in 2000 and headquartered in London, the company serves industries such as payments, financial services, and telecommunications.