Mythos · Anthropic · Wall Street · CNBC Technology
Earnings put the recent rally to the test
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Anthropic 's Mythos model offered a much-needed lifeline to cybersecurity firms in the age of artificial intelligence.
Key facts
- Yet, this week's cybersecurity earnings offered a brutal reminder that even with tailwinds, sometimes good isn't good enough as shares of CrowdStrike and Palo Alto Networks lost 8% and 3%
- Typical enterprise sales cycles last nine to 12 months, meaning most signs of an uptick from AI likely won't show up until the 2027 calendar year
- Both companies were early partners in Anthropic's exclusive Project Glasswing testing program, which the AI lab expanded to 150 additional partners this week, including Rubrik and Tenable
- The introduction of Mythos, a model deemed too powerful to release because it could be easily used to exploit software vulnerabilities, renewed enthusiasm for the sector, boosting shares
Summary
Yet, this week's cybersecurity earnings offered a brutal reminder that even with tailwinds, sometimes good isn't good enough as shares of CrowdStrike and Palo Alto Networks lost 8% and 3%, respectively. "People probably got a little over their skis," said Joseph Gallo, a software analyst at Jefferies. Cybersecurity stocks sold off early in the year as concerns that new AI tools, capable of building apps at lightning speed, would upend their business models and, by association, every software firm. The introduction of Mythos, a model deemed too powerful to release because it could be easily used to exploit software vulnerabilities, renewed enthusiasm for the sector, boosting shares of CrowdStrike and Palo Alto Networks more than 70% each between April and the end of May.