In this article, we discuss the 5 best cybersecurity stocks under $10. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Cybersecurity Stocks Under $10.
5. Cyren Ltd. (NASDAQ:CYRN)
Number of Hedge Fund Holders: 3
Share Price as of November 11: $0.47
Cyren Ltd. (NASDAQ:CYRN) is an information security solutions firm. The stock has slumped in the past few weeks on the back of reports of a private placement with institutional investors to raise over $10 million. However, the setback has been offset by a six-month extension granted by NASDAQ to comply with listing rules of the exchange. The firm posted a revenue of more than $7.6 million for the third quarter.
One of the premier offerings of Cyren Ltd. (NASDAQ:CYRN) is an email security engine that has anti-spam capabilities, IP reputation, and virus outbreak detection services. The company has a market cap of $44 million and posted $36 million in revenue last year.
At the end of the second quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $1.7 million in Cyren Ltd. (NASDAQ:CYRN), the same as in the preceding quarter worth $1.8 million.
4. Intrusion Inc. (NASDAQ:INTZ)
Number of Hedge Fund Holders: 3
Share Price as of November 11: $3.74
Intrusion Inc. (NASDAQ:INTZ) is a cybersecurity solutions provider headquartered in Texas. Some of the products offered by the firm include INTRUSION Shield, INTRUSION TraceCop, and INTRUSION Savant, among others. The firm beat market estimates on revenue $0.74 million in the second quarter earnings results. It joined the Russell Microcap Index in June this year.
H.C. Wainwright analyst Scott Buck has a Neutral rating on Intrusion Inc. (NASDAQ:INTZ) stock with a price target of $5. In an investor note penned in July, the analyst noted that the Shield product was driving interest in the firm even as software services suffered.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Intrusion Inc. (NASDAQ:INTZ) with 27,964 shares worth more than $431,000.
At the end of the second quarter of 2021, 3 hedge funds in the database of Insider Monkey held stakes worth $727,000 in Intrusion Inc. (NASDAQ:INTZ), down from 5 in the preceding quarter worth $5.9 million.
3. CynergisTek, Inc. (NYSE:CTEK)
Number of Hedge Fund Holders: 4
Share Price as of November 11: $1.71
CynergisTek, Inc. (NYSE:CTEK) provides services related to cybersecurity, compliance, and privacy. The stock has been soaring in the past few weeks after the company announced that it had won new contracts for privacy consulting that pushed year-over-year contract growth across verticals to 200%. Some of these include security assessment services for a large credit union and an agreement with a healthcare firm for services related to Privileged Access Management.
In earnings results for the second quarter, posted in August, CynergisTek, Inc. (NYSE:CTEK) reported earnings per share of $0.00, beating market predictions by $0.14. The revenue over the period was $3.88 million.
Among the hedge funds being tracked by Insider Monkey, New York-based firm Renaissance Technologies is a leading shareholder in CynergisTek, Inc. (NYSE:CTEK) with 170,383 shares worth more than $346,000.
At the end of the second quarter of 2021, 4 hedge funds in the database of Insider Monkey held stakes worth $548,000 in CynergisTek, Inc. (NYSE:CTEK), the same as in the previous quarter worth $577,000.
2. Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC)
Number of Hedge Fund Holders: 7
Share Price as of November 11: $4.36
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a Turkish digital services provider. JPMorgan analyst JP Davids has an Overweight rating on the shares with a price target of TRY 19.86. The firm has a market cap of $3.7 billion and posted $3.9 billion in revenue last year. On October 28, it declared a quarterly dividend of $0.074 per share, in line with previous. The firm was founded in 1993.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) has recently invested in the software business to capture the cloud, cybersecurity, and software-as-a-service market. The stock seems like a promising bet on the growing Turkish economy.
At the end of the second quarter of 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $1.8 million in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC), down from 8 in the previous quarter worth $28 million.
Among the hedge funds being tracked by Insider Monkey, United Kingdom-based firm Oldfield Partners is a leading shareholder in Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) with 5 million shares worth more than $23 million.
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.
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