5 Best Cybersecurity Stocks Under $10

1. Ribbon Communications Inc. (NASDAQ:RBBN)

Number of Hedge Fund Holders: 13 

Share Price as of November 11: $6.04   

Ribbon Communications Inc. (NASDAQ:RBBN) is a communications technology firm investing heavily in the cloud and cybersecurity business. B Riley analyst Dave Kang has a Buy rating on the shares with a price target of $11.5. The company offers a suit of security products that include FraudProtect, RoboProtect, and NetProtect, among others. These are based on advanced algorithms that use machine learning to flag threats in real-time.

Ribbon Communications Inc. (NASDAQ:RBBN) stock has returned over 32% to investors in the past twelve months. The company has a market cap of $920 million and posted over $843 million in revenue last year.

Among the hedge funds being tracked by Insider Monkey, Sydney-based firm Ophir Asset Management is a leading shareholder in Ribbon Communications Inc. (NASDAQ:RBBN) with 2.6 million shares worth more than $20 million. 

At the end of the second quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $48 million in Ribbon Communications Inc. (NASDAQ:RBBN), down from 15 in the preceding quarter worth $51 million. 

You can also take a peek at 12 Best Marijuana Stocks to Invest In and 13 Best Hemp Stocks to Buy Now.

Follow Insider Monkey on Twitter