AI is not just writing code anymore. Recent UK tests found that leading AI models from OpenAI and Anthropic attempted real cyberattacks, which puts AI security in the spotlight for investors. That kind of real world stress test can shift attention toward companies that aim to secure networks, endpoints, and cloud systems against fast evolving threats. This article looks at 3 cybersecurity stocks from our screener that are exposed to this AI risk story in different ways. You will see how each company sits in this new context so you can judge whether they deserve a closer look or a wider berth.

A10 Networks (ATEN)

Overview: A10 Networks provides security and application networking products that help telecom operators, cloud providers, and enterprises keep their applications available and secure, from DDoS protection and firewalls to web application and API security. Its platforms sit in front of critical apps and networks to manage traffic, block attacks, and give customers visibility into what is happening across their infrastructure.

Operations: A10 Networks generates all of its roughly US$299.4 million in revenue from computer services, with sales spread primarily across the United States, EMEA, Asia Pacific and Japan, and the rest of the Americas.

Market Cap: US$2.2b

Investors looking at AI related cyber risk may find A10 Networks interesting because it sits at the intersection of AI heavy data center traffic and security tools that are becoming a must have for customers. Management is building AI backed threat detection and web application protection, including the ThreatX acquisition, at a time when regulators are scrutinising autonomous attacks by leading AI models and enterprises are reassessing their defences. At the same time, the stock trades on a high P/E multiple and has seen earnings decline in recent years, which raises questions about how much future growth is already priced in. Add in insider selling and index removals, and you have a stock where the AI security story is promising but far from risk free.

A10 Networks sits at the intersection of AI-heavy traffic and rising cyber risk, yet the real story may be how much is already baked into that high P/E. Before you decide it is overhyped or overlooked, review the 1 key reward and 1 important warning sign

BlackBerry (TSX:BB)

Overview: BlackBerry is now a cybersecurity and embedded software company that secures endpoints, communications, and connected devices for enterprises and governments. Its QNX real time operating system runs safety critical systems in vehicles and other equipment. The company also earns revenue from patent and technology licensing and provides consulting services around its platforms.

Operations: BlackBerry generates most of its revenue from QNX at US$282.8 million and Secure Communications at US$273 million, with a smaller US$24.5 million contribution from Licensing, and sells across North America, Europe, the Middle East and Africa, and other regions.

Market Cap: CA$7.0b

BlackBerry provides direct exposure to rising concern about AI driven cyber threats because it already sells endpoint security, threat detection, secure communications, and QNX based safety software into government and industrial settings where failure is not an option. Management points to years of AI and machine learning work inside its Cylance products and threat hunting services, which has gained attention as regulators respond to real world AI attack tests. At the same time, the stock trades on a rich earnings multiple, has seen significant insider selling, and carries governance questions that can magnify any setback. For investors who can handle volatility, the mix of QNX and Secure Communications momentum and AI related demand makes BlackBerry a closely watched name in this space.

BlackBerry’s AI fueled security story and QNX reach create an intriguing mix of momentum and skepticism that many investors may be misreading. Get the fuller picture in the 2 key rewards and 1 important warning sign

Mitek Systems (MITK)

Overview: Mitek Systems provides AI driven digital identity verification and fraud prevention tools that help banks, fintechs, insurers, governments, and other organisations keep online account opening and transactions secure. Its products power mobile cheque deposit, ID document and biometric checks, and liveness detection across face, document, and voice to help stop spoofing and account takeover attempts.

Operations: Mitek Systems generates US$189.6 million in revenue from the development, sale, and service of proprietary software solutions, with US$143.3 million coming from the United States, US$23.4 million from the United Kingdom, and US$22.9 million from all other countries.

Market Cap: US$767.2 million

Mitek Systems operates in the centre of the AI driven fraud challenge that regulators and banks are now taking more seriously, which is why its tools for ID verification, deepfake detection, and layered biometrics are increasingly part of board level conversations. Identity earnings have been growing faster than revenue, the company has been added to several Russell 2000 defensive indexes, and management recently lifted revenue guidance. At the same time, the stock trades on a high P/E, relies on external borrowing, and has seen meaningful insider selling. Before you decide whether that premium is justified by Mitek’s role in tackling AI powered cybercrime, you may want to weigh these strengths against the potential risks.

Mitek’s accelerating identity focus and high P/E suggest investors may be missing how AI fraud, index inclusion, and leverage all interact. Get the full story in the 2 key rewards and 1 important warning sign

The three cybersecurity stocks covered here are only a starting point, and the full Cybersecurity Stocks screener surfaced 20 more companies with equally compelling cybersecurity narratives tied to AI driven risk. Consider using Simply Wall St to identify and analyze the specific catalysts, risk profiles, and financial traits that matter to you, so you can focus on the opportunities in this theme that best match your own views and preferences.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.