In this article, we will discuss the 13 Best Cybersecurity Stocks to Buy According to Billionaires.
The cybersecurity market is poised for significant growth over the coming years, driven by an increasingly complex threat landscape and rapid digital transformation across industries. According to a recent study by Grand View Research Inc., the global cybersecurity market is projected to grow at a compound annual growth rate (CAGR) of 12.9% from 2025 to 2030. This robust growth is fueled by escalating cyber threats and advanced malware attacks across multiple verticals, including banking, retail, information technology, defense, and manufacturing.
In 2024 and into 2025, investments in cyber security are also surging. The Reuters report has highlighted that $4 billion was raised in 2024 by Israeli cybersecurity firms. This underscores that cloud security—integral to protecting sensitive data and digital assets—is becoming a primary focus for enterprises worldwide.
Cybersecurity Talent Shortage
A critical challenge facing the industry is the widening talent gap. As cyber threats become more sophisticated, the demand for qualified professionals has skyrocketed, with estimates from cybersecurity ventures predicting that over 3.5 million cybersecurity positions could remain unfilled by 2025. In response, recent commentary from the U.S. highlights calls for broadening hiring practices—such as removing rigid college degree requirements—to tap into a larger pool of skilled talent. This push for more inclusive hiring is seen as essential for meeting the nearly 500,000 open cybersecurity jobs currently reported in the U.S. alone.
Regulatory Compliance and Data Privacy
Regulatory pressures continue to intensify as governments worldwide respond to escalating cyber threats. In late 2024, the Biden administration proposed new cybersecurity rules aimed at limiting the impact of healthcare data breaches, with estimates suggesting the new measures could cost approximately $9 billion in the first year alone.
The rise of ransomware attacks further accelerates the demand for cybersecurity solutions. In 2023 alone, companies reportedly paid a record $1.1 billion in ransom according to a report from Chainalysis. These alarming trends contribute to broader economic implications, with projections from Cybersecurity Ventures estimating that global cybercrime damages could reach $10.5 trillion annually by 2025.
Our Methodology
For this list, we analyzed the Global X Cybersecurity ETF holdings, which focus on stocks with strong cybersecurity performance. We then cross-referenced these holdings with Insider Monkey’s Q4 2024 data of billionaire holdings to identify the companies in the ETF with the highest number of billionaire investors. Ranking these companies based on billionaire interest, we compiled a list of the best cybersecurity stocks that showcase strong performance trends and are highly favored by billionaires.
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13. OneSpan Inc. (NASDAQ:OSPN)
Number of billionaire investors: 8
Dollar value of holdings: $11,658,046
OneSpan Inc. (NASDAQ:OSPN) is a leading provider of security, identity verification, and digital agreement solutions, helping businesses protect and streamline their digital transactions.
OneSpan Inc. (NASDAQ:OSPN) continues to advance its strategic growth with the appointment of Ashish Jain as Chief Technology Officer. Jain is a recognized digital identity and fraud prevention expert. He brings over two decades of experience from leading security and authentication roles at Arkose Labs, eBay, and VMware. His expertise in Zero Trust security, bot mitigation, and identity risk aligns with OneSpan’s mission to enhance its digital agreement and security solutions.
For full year 2024, OneSpan Inc. (NASDAQ:OSPN) reported total revenue of $243.2 million, a 3% increase from $235.1 million in 2023. Its digital agreements segment grew 20% year-over-year to $61.0 million, offsetting a 1% decline in Security Solutions revenue, which totaled $182.2 million. It achieved operating income of $44.8 million, reversing an operating loss of $28.9 million in 2023. Net income surged to $57.1 million from a net loss of $29.8 million in the previous year, while adjusted EBITDA jumped to $72.5 million from $12.0 million. Looking ahead to 2025, OneSpan expects revenue between $245 million and $251 million, with ARR ranging from $180 million to $186 million.
12. Tenable Holdings Inc. (NASDAQ:TENB)
Number of billionaire investors: 8
Dollar value of holdings: $126,281,003
Tenable Holdings Inc. (NASDAQ:TENB) is a provider of exposure management solutions, helping organizations identify, measure, and mitigate cybersecurity risks across complex IT environments.
Tenable Holdings Inc. (NASDAQ:TENB) has strengthened its Exposure Management platform by acquiring Vulcan Cyber Ltd. This enhanced its ability to provide unified security visibility, risk prioritization, and automated remediation across the attack surface. The integration of Vulcan Cyber’s technology will extend Tenable One’s capabilities, consolidating vast data sets to offer one of the most comprehensive risk management solutions in the market.
Tenable Holdings Inc. (NASDAQ:TENB) posted Q4 2024 performance, with revenue rising 11% year-over-year to $235.7 million. The company turned profitable, reporting GAAP net income of $1.9 million compared to a loss of $21.6 million in Q4 2023. Non-GAAP net income surged to $50.7 million from $30.2 million, while non-GAAP EPS increased to $0.41 from $0.25. Operating income saw significant improvement, with GAAP income at $13.0 million versus a $14.3 million loss same quarter last year.
11. Varonis Systems Inc. (NASDAQ:VRNS)
Number of billionaire investors: 8
Dollar value of holdings: $223,858,556
Varonis Systems Inc. (NASDAQ:VRNS) is a data security company focused on protecting sensitive information at its core. Its cloud-native security platform leverages AI-powered automation to discover, classify, and secure critical data, detecting threats and eliminating exposures across cloud and on-premises environments.
In January 2025, Varonis Systems, Inc. (NASDAQ:VRNS) was reportedly in advanced negotiations to acquire Israeli cybersecurity startup Apex Security in a deal valued between $30 million and $40 million. Apex backed by Sam Altman, specializes in AI security, offering a platform that provides visibility into AI activity, enforces security policies, and detects AI-driven cyber threats. While Apex denies the negotiations, the potential deal signals Varonis’ continued investment in AI-powered cybersecurity solutions.
Varonis Systems Inc. (NASDAQ:VRNS) reported Q4 2024 revenue of $158.5 million, a modest 3% year-over-year increase, but below the expected $165.17 million. Despite this, EPS beat expectations at $0.18, surpassing the forecasted $0.14 by 28.6%. The company’s free cash flow doubled to $108.5 million, reflecting operational strength. Annual recurring revenue grew 18% to $641.9 million, with SaaS now comprising 53% of total ARR.
10. CyberArk Software Ltd. (NASDAQ:CYBR)
Number of billionaire investors: 8
Dollar value of holdings: $530,939,852
CyberArk Software Ltd. (NASDAQ:CYBR) is a leader in Identity Security, specializing in privileged access management to protect organizations from cyber threats. The company provides a comprehensive security approach through solutions like Enterprise Password Vault, Privileged Session Manager, and Endpoint Privilege Manager.
CyberArk Software Ltd. (NASDAQ:CYBR) has expanded its Identity Security Platform with the acquisition of Zilla Security for $165 million in cash, plus a $10 million earn-out based on performance milestones. Zilla brings AI-powered Identity Governance and Administration (IGA) capabilities. This allows CyberArk to offer automated identity compliance, provisioning, and governance for modern cloud environments.
CyberArk Software Ltd. (NASDAQ:CYBR) delivered a record-breaking full-year 2024 performance, with total revenue reaching $1.001 billion, a 33% increase from $751.9 million in 2023. Subscription revenue surged 55% to $733.3 million compared to $472 million in 2023. Despite reporting a GAAP net loss of $93.5 million, CyberArk’s non-GAAP net income more than doubled to $147.5 million from $52.0 million in 2023.
9. Check Point Software Technologies Ltd. (NASDAQ:CHKP)
Number of billionaire investors: 9
Dollar value of holdings: $136,732,049
Check Point Software Technologies Ltd. (NASDAQ:CHKP) specializes in AI-powered, cloud-delivered security solutions for enterprises and governments.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) has partnered with cloud security leader Wiz to deliver an integrated, end-to-end security solution for hybrid cloud environments. This strategic alliance bridges the gap between cloud network security and Cloud Native Application Protection (CNAPP) by combining Check Point’s expertise in network security with Wiz’s advanced risk analysis and visibility tools. The collaboration enhances risk prioritization, threat prevention, and security automation, positioning Check Point as a stronger player in the rapidly growing cloud security market.
Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered solid full-year 2024 results, with revenue reaching $2.5 billion up 6% Y-o-Y. Non-GAAP EPS came in at $9.16, 16 cents above expectations, reflecting profitability and operational efficiency. While operating expenses grew 12% due to higher sales and marketing investments, net income still improved by 2% to $303 million, demonstrating strong financial discipline.
Analyst Rob Owens from Piper Sandler upgraded the stock from Hold to Buy and raised the price target from $220 to $260, on March 3, 2025.
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.
7. Rapid7 Inc. (NASDAQ:RPD)
Number of billionaire investors: 11
Dollar value of holdings: $246,493,976
Rapid7 Inc. (NASDAQ:RPD) is a cybersecurity solutions provider specializing in threat detection, vulnerability management, and cloud security.
Rapid7 Inc. (NASDAQ:RPD) has introduced new innovations to its Exposure Management offering. It strengthened its Command Platform with AI-driven risk scoring, enhanced asset context, and integrated remediation tools. These updates improve multi-cloud security, enabling organizations to discover and protect sensitive data across AWS, GCP, and Microsoft environments. The enhancements also streamline risk mitigation through expanded surface command and remediation hub.
For the full year of 2024, Rapid7 Inc. (NASDAQ:RPD) reported $844 million in revenue, a 9% year-over-year increase, driven by $809 million in product subscription revenue. It achieved $840 million in annualized recurring revenue, reflecting continued demand for its cybersecurity solutions. GAAP operating income reached $35 million, while non-GAAP operating income stood at $164 million, highlighting improved profitability. Net cash from operations came in at $172 million, with free cash flow of $154 million, reinforcing financial strength.
6. Zscaler Inc. (NASDAQ:ZS)
Number of billionaire investors: 11
Dollar value of holdings: $930,319,563
Zscaler Inc. (NASDAQ:ZS) provides a cloud-native, multi-tenant security platform designed to secure user access to cloud resources based on identity, context, and business policies.
Zscaler Inc. (NASDAQ:ZS) has strengthened its cybersecurity platform with the launch of Zscaler Asset Exposure Management. It is a new Cyber Asset Attack Surface Management (CAASM) solution designed to enhance asset risk visibility and security gap mitigation. Built on ZS’s Data Fabric for Security, the platform aggregates data from hundreds of sources, leveraging 500 billion daily security transactions and insights from over 50 million devices to identify, prioritize, and remediate security risks.
For Q2 FY2025, the company reported $647.9 million in revenue, a 23% year-over-year increase. Zscaler Inc. (NASDAQ:ZS) narrowed its GAAP net loss to $7.7 million, significantly improving from $28.5 million in Q2 FY24, while non-GAAP net income rose to $127.1 million from $99.4 million. Non-GAAP EPS grew to $0.78, up from $0.63, reflecting stronger operational efficiency. Free cash flow increased to $143.4 million compared to $100.8 million in Q2 FY24. With cash and short-term investments rising to $2.88 billion, an increase of $470.6 million since July 2024, ZS remains financially strong, reinforcing its leadership in cloud security and Zero Trust adoption.
Analyst Tal Liani from B of A Securities upgraded the stock from Hold to Strong Buy, increasing the price target from $215 to $240.
5. Qualys Inc. (NASDAQ:QLYS)
Number of billionaire investors: 12
Dollar value of holdings: $179,904,749
Qualys Inc. (NASDAQ:QLYS) is a provider of cloud-based IT security and compliance solutions, offering a comprehensive platform for asset management, threat detection, and remediation.
Qualys Inc. (NASDAQ:QLYS) has gained significant industry recognition, with its TotalCloud, VMDR, and Cybersecurity Asset Management solutions receiving top rankings from Gartner, Forrester, and GigaOm. The company has launched TotalAppSec, an AI-powered application risk management solution designed to unify API security, web application scanning, and AI-driven malware detection. The solution enhances cyber risk visibility and remediation across on-premises, hybrid, and multi-cloud environments, addressing key threats outlined in the OWASP Top 10. With APIs emerging as a major attack vector, QLYS’s consolidated risk-based approach strengthens enterprise application security posture. TotalAppSec will be available in Q1 2025.
Qualys Inc. (NASDAQ:QLYS) delivered solid financial performance in 2024, with revenue rising 10% to $607.6 million, driven by strong demand for its cybersecurity solutions. GAAP net income grew 15% to $173.7 million, up from $151.6 million in 2023, while non-GAAP net income increased to $229 million. GAAP operating income rose to $187.2 million compared to $187.2 million, reflecting improved operational efficiency.
4. Okta Inc. (NASDAQ:OKTA)
Number of billionaire investors: 13
Dollar value of holdings: $745,122,345
Okta Inc. (NASDAQ:OKTA) is an independent identity provider, offering a cloud-based identity and access management platform that helps organizations secure user authentication and streamline identity lifecycle management.
On March 3, the company reached a major milestone, surpassing $1 billion in aggregate sales through AWS Marketplace since listing its secure identity solutions in December 2020. This achievement highlights the increasing demand for cloud-based identity management as businesses prioritize security and scalability. Okta Inc. (NASDAQ:OKTA) is further expanding its strategic collaboration with AWS, focusing on global adoption, AI-driven identity security, and enhanced compliance for government and public sector clients.
For Q4 Fiscal 2025, Okta Inc. (NASDAQ:OKTA) had total revenue reaching $682 million, up 13% year-over-year, driven by subscription revenue of $670 million. GAAP operating income came in at $8 million, a significant turnaround from a $83 million loss in Q4 FY24. On a non-GAAP basis, operating income increased to $168 million up from $129 million YoY. GAAP net income swung to $23 million from a $44 million loss in Q4 FY24.
3. Palo Alto Networks Inc. (NASDAQ:PANW)
Number of billionaire investors: 14
Dollar value of holdings: $708,098,599
Palo Alto Networks Inc. (NASDAQ:PANW) is a global leader in cybersecurity, providing AI-driven security solutions to protect enterprises across networks, clouds, endpoints, and applications.
Palo Alto Networks Inc. (NASDAQ:PANW) has introduced Prisma SASE 5G. It is a cloud-native Zero Trust security solution designed to help service providers secure enterprise 5G deployments amid rising cyber threats. The company is expanding its private 5G ecosystem, partnering with industry leaders like Nokia, NTT DATA, NVIDIA, and Telenor to deliver comprehensive 5G security solutions. These will protect critical infrastructure, industrial IoT, and mobile networks.
Palo Alto Networks Inc. (NASDAQ:PANW) reported Q2 2025 revenue of $2.3 billion, a 14% year-over-year increase, driven by strong adoption of AI-driven security solutions and cloud investments. Next-Generation Security annual recurring revenue grew 37% to $4.8 billion, while the remaining performance obligation rose 21% to $13.0 billion. Non-GAAP net income increased to $0.6 billion, up from $0.5 billion in Q2 2024, showcasing improved profitability.
On February 18, 2025, Analyst Shyam Patil from Susquehanna maintained a Buy rating on the stock and raised the price target from $218 to $230.
2. Fortinet Inc. (NASDAQ:FTNT)
Number of billionaire investors: 14
Dollar value of holdings: $2,115,290,092
Fortinet Inc. (NASDAQ:FTNT) offers an integrated security platform through its Fortinet Security Fabric, which spans networking, Secure Access Service Edge (SASE), and AI-driven security operations.
Fortinet Inc. (NASDAQ:FTNT) has upgraded FortiAnalyzer into an AI-powered SecOps platform. This enables faster threat detection, automated incident response, and centralized security visibility for resource-constrained teams. The enhancements include AI-driven threat intelligence from FortiGuard Labs, expanded automation, and embedded GenAI assistance, streamlining security operations across hybrid environments. With seamless integration into the Fortinet Security Fabric, FortiAnalyzer reinforces FTNT’s leadership in next-gen cybersecurity automation.
Fortinet Inc. (NASDAQ:FTNT) delivered a solid financial performance in 2024, with revenue rising 12.3% to $5.96 billion, driven by strong service revenue growth of 19.8% to $4.05 billion. GAAP operating income surged 45% to $1.80 billion, while GAAP net income climbed 52% to $1.75 billion, reflecting improved operational efficiency. The company generated $2.26 billion in operating cash flow and $1.88 billion in free cash flow compared to $1.73 billion in 2023, strengthening its financial position.
1. CrowdStrike Holdings Inc. (NASDAQ:CRWD)
Number of billionaire investors: 15
Dollar value of holdings: $628,831,025
CrowdStrike Holdings Inc. (NASDAQ:CRWD) is a global cybersecurity company specializing in cloud-delivered endpoint, identity, and data protection.
CrowdStrike Holdings Inc. (NASDAQ:CRWD) has achieved FedRAMP authorization for three key modules—Falcon Next-Gen SIEM, Falcon for IT, and Falcon Data Protection. This strengthens its ability to secure U.S. government agencies and highly regulated industries. These modules, now available in GovCloud, provide real-time threat detection, centralized log management, and Zero Trust compliance, helping agencies defend against advanced nation-state cyber threats. The authorization expands CRWD’s footprint in the public sector cybersecurity market.
CrowdStrike Holdings Inc. (NASDAQ:CRWD) delivered strong revenue growth in Q4 FY25, with total revenue rising 25% YoY to $1.06 billion, driven by a 27% increase in subscription revenue to $1.01 billion. However, profitability took a hit, with GAAP operating loss of $85.3 million, reversing from a $29.7 million profit a year ago. Cash flow remained strong, with $345.7 million in operating cash flow, though free cash flow declined to $239.8 million from $283.0 million.
Analyst Fatima Boolani from UBS maintains a Strong Buy rating on the stock, adjusting the price target from $450 to $425.
Overall, CrowdStrike Holdings Inc. (NASDAQ:CRWD) ranks first on our list of the 13 Best Cybersecurity Stocks to Buy According to Billionaires. While we acknowledge the potential for CRWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRWD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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