In this article, we will discuss the 5 Most Undervalued Cybersecurity Stocks to Invest In. For deeper discussion and analysis, read 14 Most Undervalued Cybersecurity Stocks to Invest In.

5. Progress Software Corporation (NASDAQ:PRGS)

Forward P/E: 4.65

On April 1, Citi analyst Fatima Boolani lowered the firm’s price target on Progress Software Corporation (NASDAQ:PRGS) to $46 from $60 while maintaining a Buy rating, reflecting a more conservative valuation framework amid broader software sector pressures. The adjustment suggests that while the company’s fundamentals remain intact, external factors such as multiple compressions and macro uncertainty are influencing near-term expectations.

On March 31, Wedbush also reduced its price target on Progress Software Corporation (NASDAQ:PRGS) to $45 from $65 while maintaining an Outperform rating, following the company’s Q1 earnings release. Despite the lower target, the firm highlighted strong operational performance, including beats on both revenue and earnings, and an increase in the low end of fiscal 2026 guidance. Progress continues to execute on its long-term growth strategy, leveraging acquisitions and product expansion to drive recurring revenue and margin improvement.

Progress Software Corporation (NASDAQ:PRGS) is an American multinational company that provides infrastructure software, data connectivity solutions, and application development tools. The company focuses on enabling enterprises to build, deploy, and manage business-critical applications efficiently, with an increasing emphasis on security and digital experience platforms. With a strategy centered on disciplined acquisitions and recurring revenue growth, Progress Software offers a compelling investment narrative driven by operational consistency and long-term value creation.

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.

3. Rapid7, Inc. (NASDAQ:RPD)

Forward P/E: 3.41

On April 14, Mizuho lowered the firm’s price target on Rapid7, Inc. (NASDAQ:RPD) to $8 from $12 and maintained a Neutral rating, citing mixed signals across the cybersecurity sector ahead of Q1 earnings. While cloud and consumption trends remained generally stable, the firm noted that cybersecurity demand has been uneven, reflecting broader macro uncertainty and shifting enterprise priorities. The commentary highlights a cautious near-term outlook for Rapid7 despite its established position in exposure management and threat detection markets.

On April 13, RBC Capital analyst Matthew Hedberg also lowered the firm’s price target on Rapid7, Inc. (NASDAQ:RPD) to $6 from $12 while maintaining a Sector Perform rating, pointing to deteriorating sentiment across the software sector. The analyst noted that volatility driven by macroeconomic factors, geopolitical tensions, and the evolving impact of AI and large language models has made software equities increasingly difficult to own. Rapid7, like many peers, faces the challenge of navigating elongated sales cycles, cautious customer spending, and heightened competition, which could weigh on near-term growth expectations.

Rapid7, Inc. (NASDAQ:RPD) is a global cybersecurity company focused on exposure management, threat detection, and response through its integrated Command Platform. Founded in 2000, the company serves over 11,000 customers worldwide, helping organizations proactively secure their digital environments and respond to evolving threats. With cybersecurity remaining a mission-critical priority for enterprises, Rapid7’s platform approach positions it to benefit from long-term industry tailwinds, even as near-term headwinds create volatility in its growth trajectory and valuation.

2. Gorilla Technology Group Inc. (NASDAQ:GRRR)

Forward P/E: 2.78

On March 16, Gorilla Technology Group Inc. (NASDAQ:GRRR) announced a major agreement with Yotta Data Services to deploy GPU infrastructure in India, involving approximately 640 high-performance servers and over 5,000 GPUs. The project is expected to generate more than $500 million in revenue over five years, positioning Gorilla as a key infrastructure partner in one of the fastest-growing AI and data center markets. The deployment highlights the company’s strategic shift toward large-scale infrastructure projects and long-duration revenue models.

On March 2, Gorilla Technology Group Inc. (NASDAQ:GRRR) reported record 2025 revenue of $101.4 million, representing a 35.7% year-over-year increase, while significantly reducing its operating losses and improving profitability metrics. The company also strengthened its balance sheet through strong cash generation and continued share buybacks. Management emphasized a strategic pivot toward sovereign and regional data center builds, driven by data sovereignty requirements and increasing demand for localized compute infrastructure.

Founded in 2001, Gorilla Technology Group Inc. (NASDAQ:GRRR) is a global provider of AI-driven video intelligence, security solutions, and IoT technologies. The company has evolved into a specialist in edge computing and infrastructure, serving both government and enterprise clients. With growing demand for data infrastructure and security solutions, Gorilla’s expansion into large-scale deployments and emerging markets supports a high-growth investment profile with significant upside potential.

1. Unisys Corporation (NYSE:UIS)

Forward P/E: 2.18

On April 14, Unisys Corporation (NYSE:UIS) announced a partnership with Worldsys to deliver enhanced anti-money laundering capabilities through its core banking platform. The collaboration integrates advanced regulatory technology solutions to help financial institutions strengthen compliance, mitigate fraud risks, and improve operational efficiency. As regulatory requirements become more complex, such partnerships highlight Unisys’ focus on embedding security and compliance into its offerings.

On February 24, 2026, Unisys Corporation (NYSE:UIS) reported fourth-quarter revenue of $574.5 million, representing a 5.3% year-over-year increase, alongside improved operating margins and strong cash generation. The company delivered $104.9 million in operating cash flow and nearly doubled its pre-pension free cash flow compared to the prior year. While full-year revenue declined slightly, management emphasized a strategic focus on profitability, margin expansion, and pension de-risking, which contributed to improved financial stability.

Unisys Corporation (NYSE:UIS) is a global IT solutions provider specializing in digital transformation, cloud infrastructure, and cybersecurity services. Headquartered in Blue Bell, Pennsylvania, the company serves clients across government, financial services, and transportation sectors. With a strong emphasis on zero-trust security frameworks and operational efficiency, Unisys is positioned to benefit from increasing enterprise demand for secure, scalable IT infrastructure solutions, supporting a long-term investment case centered on profitability and resilience.

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