AI security is suddenly front-page news, with the Open Secure AI Alliance, frontier model guardrail failures, and talk of sanctions on Chinese open-weight systems all pulling investor focus toward who actually benefits and who carries the risk. For anyone building a watchlist around AI, cybersecurity, or the tools that support them, this is a useful moment to reassess exposure to both opportunity and regulation. This article walks through 3 stocks from our AI and Cybersecurity Sector Leaders screener that appear positively exposed to the latest headlines and explains why the news flow matters for each one.

BlackBerry (TSX:BB)

Overview: BlackBerry is now a software and services company that helps enterprises and governments secure devices, data, and critical systems, from encrypted messaging and crisis communications to the QNX operating system embedded in cars and other equipment. Its portfolio spans secure communications, endpoint management, embedded software for safety critical applications, and licensing and consulting services.

Operations: BlackBerry generates most of its revenue from QNX at about US$282.8m and Secure Communications at about US$273m, with Licensing contributing about US$24.5m. It sells across North America (about US$264.2m), Europe, the Middle East and Africa (about US$195.7m), and other regions (about US$120.4m).

Market Cap: CA$7.1b

Investors looking at AI security may pay attention to BlackBerry, which combines its QNX embedded platform in vehicles and physical AI systems with secure communications used by governments and large enterprises. The company has reported very strong earnings momentum and improved profit margins. It is closely aligned with current concerns about AI safety and cyberattacks, with AI driven threat hunting and certifications like NIAP helping it operate in some of the most sensitive environments. At the same time, the stock presents clear issues, including a very high P/E, modest 8% ROE, reliance on higher risk funding, and recent insider selling that could test conviction as the discussion around AI security and regulation develops.

BlackBerry’s earnings momentum and high P/E suggest investors may be missing something in how its AI security positioning and funding mix fit together, so it is worth scanning the 2 key rewards and 1 important warning sign

Tenable Holdings (TENB)

Overview: Tenable Holdings provides cyber exposure management software that helps organizations see, measure, and reduce security gaps across cloud, identity, operational technology, web apps, and now AI powered systems. Its platforms, including Tenable One and AI focused tools like Hexa and Apex, aim to prioritize which vulnerabilities matter most so security teams can act faster and with more context.

Operations: Tenable generates about US$1.02b in revenue from Security Software & Services, with sales spread across the United States (about US$539.2m), Europe, the Middle East and Africa (about US$283.8m), Asia Pacific (about US$118.6m), and the rest of the Americas (about US$80.7m).

Market Cap: US$3.6b

Investors watching the Open Secure AI Alliance and the recent focus on AI security may find Tenable interesting because it sits at the point where AI driven attacks and AI powered defenses meet. The company uses partnerships with OpenAI and Anthropic to build exposure management tools that try to work at machine speed. The stock screens as meaningfully below estimated fair value with a P/S below many peers. Analysts currently model strong earnings growth, rising ROE, and a path to sustained profitability as part of their outlook. At the same time, factors such as funding risk, revenue growth that trails the wider software sector, and governance questions around high executive pay contribute to a more balanced risk profile, leaving room for investors to assess whether current pricing reflects both the AI related opportunities and the execution challenges.

Tenable’s AI partnerships and pricing that screens below estimated fair value hint at a story investors may not have fully pieced together yet, and the analysis report for Tenable Holdings could reveal what the current numbers are really pointing to.

Dynatrace (DT)

Overview: Dynatrace provides an AI powered observability platform that helps large organizations monitor, secure, and analyze their entire digital stack, from infrastructure and applications to user experience and business metrics, in one place. Its software is used by banks, governments, retailers, and cloud first companies that need real time insight into how their systems and AI workloads are performing and where threats may be emerging.

Operations: Dynatrace generates about US$2.0b in revenue primarily from Internet Software & Services, with sales spread across the United States (about US$927.7m), Europe, the Middle East and Africa (about US$648.9m), Asia Pacific (about US$193.1m), Latin America (about US$158.9m), and North America excluding the United States (about US$89.8m).

Market Cap: US$12.1b

Dynatrace sits at the intersection of Open Secure AI Alliance headlines and day to day reality, helping enterprises keep AI heavy cloud systems observable and secure as cyber risks and regulatory scrutiny rise. The stock combines high quality recurring software revenue, an AI focused platform that ties into hyperscalers, and an earnings profile that analysts expect to improve. It also carries questions around its very high P/E, recent margin pressure, and reliance on external borrowing. With open source tools and hyperscalers vying for the same observability and security budgets, investors who understand how Dynatrace’s AI observability, log analytics, and application security compare with these alternatives may see opportunities that headline metrics alone do not capture.

Dynatrace’s high quality software revenue and AI observability pitch may not be fully reflected in headline metrics yet, so it is worth studying the analyst forecasts for Dynatrace to see what might be hiding in plain sight.

The 3 stocks covered here are just a sample of what is on the radar, with the full AI and Cybersecurity Sector Leaders screener surfacing 32 more companies whose AI, cybersecurity, and open source narratives look just as compelling. Use Simply Wall St to identify, analyze, and filter for the specific catalysts, risk profiles, and storylines that matter most so you can focus on the highest conviction opportunities in this theme.

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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.