5 Penny Stocks That Aren’t Scams: Best Cheap Stocks to Buy

3. N-able Inc. (NYSE:NABL)

Stock Upside Potential: 62.03%

Forward P/E: 11.30

Number of Hedge Fund Holders: 28

N-able, Inc. (NYSE:NABL) is one of the best cheap penny stocks to buy that aren’t scams. On April 2, N-able, Inc. (NYSE:NABL) expanded its Technology Alliance Program with the addition of Zensec and Atomatik.

The addition affirms the company’s commitment to delivering exceptional value through trusted partnerships. In addition, the integration of the two companies’ technologies will enable customers to build resilient, secure, and efficient technology environments.

The alliance is a strategic initiative that seeks to bring together industry-leading technology companies to ensure secure integration across N-able’s business resilience platform. Zensec joins the alliance with structure expert-led incident response services, as Atomatik adds automation capabilities for streamlining repeatable rules-driven security and IT workflows.

Earlier, N-able expanded its AI-driven Security Operations Center (SOC) capabilities through Adlumin Managed Detection. By enhancing its capabilities, the company is helping organizations identify and stop stealthy cyberattacks. The AI-driven approach helps IT teams detect and respond to cyberattacks earlier and uncover subtle, high-risk activity.

N-able Inc. (NYSE:NABL) provides cloud-first software solutions—including remote monitoring and management (RMM), data protection, and AI-powered security—designed for managed service providers (MSPs) to secure and manage IT infrastructure for small and mid-market businesses. They enable IT professionals to monitor, manage, and protect devices and networks from a unified dashboard, focusing on cyber resilience.