We recently published a list of 10 High Growth Cybersecurity Stocks To Buy In this article, we are going to take a look at where Tenable Holdings, Inc. ( NASDAQ: TENB) stands against other high growth cybersecurity stocks to buy.
The cybersecurity industry is experiencing unprecedented growth, fueled by increasing cyber threats, the expansion of cloud computing, and the adoption of artificial intelligence ( AI ) in security measures. Global cybercrime damages are projected to rise to$ 10.5 trillion annually by 2025, up from$ 3 trillion in 2015, making cybersecurity one of the most crucial industries in the digital era, according to Cybersecurity Ventures. As attacks grow in speed and intelligence, businesses, governments, and individuals are investing heavily in security solutions to lessen risks.
The global cybersecurity market is expected to grow from$ 172.24 billion in 2023 to$ 562.72 billion by 2032, reflecting a compound annual growth rate ( CAGR ) of approximately 14.3 %, according to a report by Fortune Business Insights. This rapid growth is driven by increased saving across sectors, particularly in industries such as finance, medical, and state, where data protection is paramount.
The fall of ransomware attacks is a more accelerating of the demand for cybersecurity solutions. Ransomware problems have significantly increased in recent years, with 2024 marking a record high of 5, 263 incidents—the highest level observed since 2021 according to a new report from security consulting firm, NCC Group. Big companies and critical equipment are the targets, with some ransom payments reaching tens of millions of dollars. For example, Colonial Pipeline paid$ 4.4 million in Cryptocurrency following a damaging attack in 2021, underscoring the necessity of strong security measures.
Additionally, spending on sky security is growing exponentially. According to Gartner, global information security end-user spending is projected to total$ 212 billion in 2025, marking a 15.1 % increase from$ 183.9 billion in 2024. The incorporation of artificial intelligence ( AI ) into cloud infrastructures is a significant contributor to more money spent on cloud security. A recent survey in the 2025 Cloud &, AI Index indicates that 89 % of U. S. IT decision-makers plan to boost their cloud budgets in 2025, primarily to support AI workloads
The security sector continues to struggle despite a significant expertise shortage. According to the 2023 ISC2 Cybersecurity Workforce Study, the global security labor reached 5.5 million experts, an 8.7 % increase from the previous year. Despite this expansion, the study found that there was a 4 million professional workforce gap that was required to adequately protect an organization’s crucial goods.
We used a stock screener to compile a list of the top 10 High Growth Cybersecurity Stocks to Buy in order to find businesses with a market cap of more than$ 2 billion and at least 20 % revenue growth over the previous five years. From this variety, we finally narrowed down the top 10 companies based on the level of wall fund interest. As of Q4 2024, these companies have been ranked in accordance with hedge fund attitude.
Why are we drawn to the companies that hedge funds invest in? The reason is simple: based on our research, we have shown that we may outperform the market by imitating the best wall cash ‘ stock picks. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4 % since May 2014, beating its benchmark by 218 percentage points ( ).
A software expert at their office, immersed in scrutinizing a Virtual exposure answer.
Variety of Hedge Fund Recipients: 38
Tenable Holdings, Inc. ( NASDAQ: TENB) is a security firm specializing in contact management options that help businesses identify and mitigate security challenges across complex IT conditions. Its options provide presence into vulnerabilities, misconfigurations, conformity violations, and various security threats.
In January, the company announced the unfortunate passing of its Chairman and CEO, Amit Yoran, a vital figure in its development and management. Despite this change, Defensible Holdings, Inc. ( NASDAQ: TENB) remains focused on development and growth, as evidenced by its recent acquisition of Vulcan Cyber in February. By incorporating advanced chance prioritization and cleanup techniques, this merger strengthens its exposure management capabilities.
Tenable Holdings, Inc. ( NASDAQ: TENB) delivered strong financial results in Q4 2024, reporting revenue of$ 235.7 million, an 11 % year-over-year increase. The company demonstrated significant profitability improvements, with GAAP income from operations at$ 13.0 million, reversing a$ 14.3 million loss in Q4 2023. Cash flow generation was even strong, with online income from operations reaching$ 81.1 million, more than double the$ 38.5 million in Q4 2023.
Now, 38 hedge funds within the Insider Monkey Q4 2024 collection hold a position in the company.
On our list of high-growth security companies to buy, TENB comes in 10th nevertheless. While we acknowledge the value of TENB as an investment, we are more convinced that some AI companies have greater potential for delivering higher earnings and doing so in a shorter amount of time. Check out our report on the cheapest AI property if you’re looking for one that has more promise than TENB but trades for less than five times its earnings.
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