From Yahoo Finance: 2025-04-30 23:00:00

The cybersecurity sector is rapidly growing, with the industry expected to reach $562.72 billion by 2032. Current technologies like cloud computing, AI, and IoT are crucial in preventing digital breaches. However, new advancements bring new risks, such as the need for more secure AI systems to protect against evolving threats.

Policy developments, like tariffs on technology imports, disrupt the tech industry. Data breaches cost American businesses millions in revenue, highlighting the importance of cybersecurity. Despite a shortage of cybersecurity experts, practical experience is key in the industry. Companies that innovate and adapt to changes are attracting investor interest.

OneSpan Inc. (NASDAQ:OSPN) is making strides in cybersecurity and digital identification, achieving record revenue and profitability. Emphasizing higher-margin software and services, OneSpan generated strong cash flow and ended the year with no long-term debt. With a focus on growth, profitability, and operational efficiency, OneSpan is a standout cybersecurity stock under $20.

OneSpan Inc. (OSPN) ranks 4th on the list of best cybersecurity stocks under $20, offering growth, profitability, and shareholder returns. While OSPN shows promise, certain AI stocks may offer higher returns in a shorter time frame. Investors looking for a promising AI stock at a discount can explore Insider Monkey’s report on the cheapest AI stock.

Read more: Is OneSpan Inc. (OSPN) the Best Cybersecurity Stock to Invest in Under $20?