12 Most Undervalued Cybersecurity Stocks to Buy According to Hedge Funds

4) F5, Inc. (NASDAQ:FFIV)

Forward P/E as of November 20: ~16.9x

Number of Hedge Fund Holders: 31

F5, Inc. (NASDAQ:FFIV) offers multi-cloud application security and delivery solutions in the US, Europe, the Middle East, Africa, and the Asia Pacific region. F5 security solutions protect apps and APIs against critical risks.

OVHcloud® US, a global cloud player, and a leading European cloud provider, announced collaboration with F5, Inc. (NASDAQ:FFIV). Because of this collaboration, OVHcloud customers will now have access to F5 Distributed Cloud Services. F5 Distributed Cloud Services are SaaS-based security, networking, and application management services. These services allow customers to deploy, secure, and operate applications in a cloud-native environment wherever needed i.e., data center, multi-cloud, or the network or enterprise edge.

OVHcloud customers can send traffic across F5’s private global network to offer integrated web applications and API protection where apps are deployed. With organizations accelerating their digital transformation journeys, the need for strong security and seamless connectivity throughout diverse cloud environments has become more important, as per F5, Inc. (NASDAQ:FFIV).

Industry experts remain optimistic about F5, Inc. (NASDAQ:FFIV)’s acquisition of Wib. The addition of Wib’s capabilities to F5, Inc. (NASDAQ:FFIV)’s Distributed Cloud Services should enable vulnerability detection and observability in application development processes. This will make sure that risks are identified and policies are implemented before APIs enter production.

In a shorter period, F5, Inc. (NASDAQ:FFIV) substantially reshaped itself from a hardware-centric, single-product company into a security and software leader. This transformation redefined the company’s role beyond the data center, increasing its value to customers, diversifying the revenue, and expanding its total addressable market.

As per Insider Monkey’s Q3 2024 data, F5, Inc. (NASDAQ:FFIV) was in the portfolios of 31 elite hedge funds.