13 Best Cybersecurity Stocks to Buy According to Billionaires

8. A10 Networks Inc. (NYSE:ATEN)

Number of billionaire investors: 11

Dollar value of holdings: $65,056,426

A10 Networks Inc. (NYSE:ATEN) is a cybersecurity and infrastructure solutions provider. It specializes in secure application delivery, DDoS protection, and network security for enterprises, service providers, and government organizations worldwide.

On Feb 12, 2025, A10 Networks Inc. (NYSE:ATEN) announced the acquisition of the assets and key personnel of ThreatX Protect. This further strengthens its cybersecurity portfolio with advanced web application and API protection (WAAP). The acquisition, which has closed, is expected to be modestly accretive to ATEN’s earnings per share in 2025. ThreatX Protect’s AI-driven WAAP solution enhances ATEN’s Defend security portfolio by offering behavioral and risk-based profiling to mitigate threats, including those targeting AI applications.

For Q4 2024, A10 Networks Inc. (NYSE:ATEN) reported a 5% year-over-year revenue increase to $74.2 million, driven by 8% growth in enterprise revenue and 4% growth from service providers. The company’s GAAP net income rose to $18.3 million, while non-GAAP net income surged from $18.5 million to $23.0 million. Adjusted EBITDA increased to $27.3 million from $24.0 million in the prior year. A10 generated $25.7 million in operating cash flow, boosting total cash and investments to $195.6 million, up from $159.3 million a year ago.