Cybersecurity stocks are trading higher today as the sector rebounds following Friday’s selloff tied to concerns that Anthropic’s Claude Mythos AI tool could identify and exploit software vulnerabilities.
CrowdStrike Holdings (NASDAQ:CRWD) is also seeing a company-specific boost after Wolfe Research upgraded the stock from Peer Perform to Outperform and set a $450 price target.
Over the past week, these companies have announced new or expanded partnerships, though the developments have not been enough to offset broader selling pressure, with each stock down roughly 10% over that period.
The recent pullback has been more pronounced in smaller, higher-growth names, with SentinelOne down the most over both the past week and month, while Palo Alto and CrowdStrike have held up relatively better.
The setup suggests investors are favoring larger, more established cybersecurity platforms while remaining cautious on higher-growth names.
Cybersecurity Sector Edges Higher
Price Action: At the time of publication, CrowdStrike shares are trading 4.31% higher at $385.51, Palo Alto shares are trading 6.14% higher at $156.04, and SentinelOne shares are trading 2.23% higher at $12.86, according to data from Benzinga Pro.
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