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Sectors · IT security, identity and threat protection
Cybersecurity stocks: small caps at a glance
Kurz gefasstCybersecurity is the most defensive sector in the Atlas: recurring revenues, high switching costs, and demand underpinned by regulation.
19 companies in the directory
6 articles
5 typical price drivers
What belongs in this sector
The sector includes providers of endpoint and network security, identity and access management, threat detection, and security services. The business model is predominantly subscription-based. Because switching security providers is both costly and risky for organisations, customer relationships tend to be long-lasting — making revenues more predictable than in many other technology segments.
What moves the share price
These are the events that typically move share prices in the Cybersecurity sector:
Regulatory requirements
Regulations such as NIS-2 or sector-specific obligations create mandatory budgets among customers.
Major security incident
A high-profile attack gives a short-term boost to demand across the entire sector.
Corporate contract or government approval
Certifications open the door to public-sector clients.
Acquisition
The sector is consolidating; smaller specialists are frequently takeover targets.
Product expansion
Add-on modules increase revenue per existing customer.
The key figures that matter here
| ARR | Annual recurring revenue — the sector's headline metric. |
|---|---|
| Net revenue retention | How much revenue existing customers generate in the following year. Above 100% means growth without any new customers. |
| Churn rate | Low figures demonstrate the strength of switching costs. |
| Gross margin | High for software products; a large services component pushes it down. |
Risiken des Sektors
The main pressure point is competition from large platform providers that bundle security features at no extra cost. Security budgets are resilient, but not unlimited. And a security incident at the provider itself strikes at its very core — its credibility.
Recent articles
Niche Moats in Government Cybersecurity: What Investors Need to Know 06.09.2026 Government Ransomware Attacks: How Federal Incidents Reshape the Cybersecurity Market 28.08.2026 Medical Technology Under Attack: What OT Security Means for Niche Providers 27.08.2026 Cybersecurity IPO on the ASX: What Investors Need to Know About Stock Exchanges 06.08.2026 AI Security Validation: What Valuation Jumps Really Mean 03.08.2026Companies in this sector
19 listed small and micro caps in this sector, ordered by market capitalisation.
| companies | Ticker | Börse |
|---|---|---|
| N-able, Inc. | NABL | NYSE |
| Mitek Systems, Inc. | MITK | NASDAQ |
| WELL Health Technologies Corp. | WELL | TSX |
| Cognyte Software Ltd. | CGNT | NASDAQ |
| Rapid7, Inc. | RPD | NASDAQ |
| OneSpan Inc. | OSPN | NASDAQ |
| SEALSQ Corp | LAES | NASDAQ |
| Quantum Emotion Corp. | QNC | TSXV |
| Telos Corporation | TLS | NASDAQ |
| SSC Security Services Corp. | SECU | TSXV |
| Integrated Cyber Solutions Inc. | ICS | CSE |
| Uniserve Communications Corporation | USS | TSXV |
Andere Sektoren
Educational content only, not investment advice. Small caps are highly speculative and total loss is possible. All information without warranty.