Cybersecurity stocks including CrowdStrike, Palo Alto Networks, Cloudflare, Zscaler, and Okta are falling after Anthropic accidentally leaked details of its new powerful AI model with strong cyber capabilities.
Zscaler reports 26% revenue growth & raised FY26 guidance, yet shares fall 11% post-earnings amid AI fears in software stocks.
Cybersecurity stocks such as CrowdStrike and Cloudflare fell sharply after Anthropic launched Claude Code Security—an AI feature that scans code for vulnerabilities—raising concerns that AI could disrupt demand for traditional security software.
Zscaler stock tumbles 8% after Q1 earnings beat as investors react negatively to modest guidance raise. According to RBC analysts, the company's annual forecast increase was "less than the Q1 revenue beat."
