IT security stocks have been falling for the second day in a row, and investors are worried about an industry collapse due to Anthropic's new model.

Short Annotation

Against the backdrop of a new AI tool launch by Anthropic, cybersecurity companies are experiencing a decline in share prices – for the second consecutive day. Investors fear that the new product could displace traditional industry business models.

1. What Happened
Last Week’s End Event: Anthropic introduced a limited security service based on the Claude model—a code scanner that automatically identifies and fixes vulnerabilities.
This Week: A briefing is planned for enterprises with a demonstration of the company’s new products.

2. Market Reaction
> Share price decline (Monday):

- CrowdStrike, Zscaler – –10 %
- Netskope, Tenable – –12 % (almost)
- SailPoint – –9 %
- Okta – –6 + %
- SentinelOne, Fortinet – –4 + %
- Palo Alto Networks – –3 %
- Cloudflare – –9 % (after a spike due to Moltbot)

> ETFs:
- iShares Cybersecurity & Tech – –5 %
- Global X Cybersecurity – reached its lowest level since November 2023

3. Executives’ Reactions
Company | CEO | Key Words
CrowdStrike | George Kurtz | “AI is inspiring, but code scanning doesn’t replace Falcon or your security program.”
Palo Alto Networks | Nikesh Arora | “I’m puzzled why the market sees AI as a threat; customers want more AI to scale their stack.”

4. Industry Context
- Software sector: Salesforce fell about one‑third in value, ServiceNow – over 34 %, Microsoft – around 20 % at the start of the year.
- Cybersecurity: New AI tools are exerting similar pressure as in software development.

5. Analyst Position
Bank of America states:

> “Anthropic poses a threat only to code‑scanning platforms (GitLab, JFrog). They lost 8 % and 25 % of market value respectively. AI can improve the efficiency of certain processes but currently lacks transparency, control, and reliability to replace comprehensive endpoint platforms.”

Conclusion
The decline in cybersecurity share prices is linked to investor concerns about the impact of Anthropic’s new AI tool. Despite criticism from industry leaders, analysts believe that AI is not yet capable of fully replacing existing solutions but is already exerting noticeable pressure on the market.