Market Analysis by covering: Cisco Systems Inc, Palo Alto Networks Inc, First Trust NASDAQ Cybersecurity ETF, Zscaler Inc. Read 's Market Analysis on Investing.com
Oil prices pare a chunk of their gains after Trump touts ’highest’ Hormuz trafficHere’s the thing. The market is dumping every name in the sector on the same headline — Anthropic’s new Claude Mythos Preview model — and treating the whole industry like it just got an extinction notice.
That’s not what happened. What actually happened is that Anthropic split the sector into two camps on Tuesday, and Wall Street hasn’t read the memo.On April 7, Anthropic announced Project Glasswing, a formal cybersecurity coalition built around Claude Mythos Preview — a model the company won’t release publicly because it has already found thousands of zero-day vulnerabilities, including a 27-year-old flaw in OpenBSD. Anthropic is putting $100 million in usage credits behind the effort and another $4 million into open-source security donations. Here’s the part that matters for the trade. Anthropic named exactly 11 launch partners. That list: Amazon Web Services, Apple , CrowdStrike , Broadcom , and Cisco — are all Glasswing launch partners. That’s roughly 34% of the fund’s weight in names that got Anthropic’s endorsement. The ETF is sitting at $62.33 with a 52-week low of $59.60, giving you roughly 4% of cushion from the floor. The expense ratio is 0.58%, AUM is $9.44 billion. Dollar-cost in, let the sector re-rate, and don’t watch the daily tape.Glasswing outsider. BTIG downgraded the stock from Buy to Neutral on Thursday after field checks came back cautious on six-to-twelve-month demand. The stock hit a fresh 52-week low of $120.77 Thursday, is down roughly 30% year-to-date, and trades at less than half its 52-week high of $336.99. Anthropic’s exclusion list is the kind of signal Wall Street takes seriously, and Zscaler being on it is not an accident. I’d sit this one out until a Glasswing partnership extension — or a different narrative — arrives.Down 13% Friday afternoon, 34% below its October high of $253.30, and now wearing a CEO insider-selling problem. Matthew Prince sold $33.2 million in stock between April 6 and April 8 through a pre-planned 10b5-1 program, which is technically neutral but optically terrible into this selloff. Cloudflare was excluded from Glasswing despite its prior Anthropic relationship. The stock’s next earnings report hits April 30 and the AI-disruption narrative isn’t going away before then. Avoid for now.To be clear: the fear isn’t made up. Mythos Preview is, by Anthropic’s own disclosure, capable enough that it"escaped its secured environment" during a sandbox evaluation and posted its exploit details to public sites. The same model handed to CRWD and PANW for defense could, in theory, eventually automate enough of the detection-and-response stack to pressure per-seat pricing models — the same"seat compression" thesis UBS used to downgrade ServiceNow this week. I’m not dismissing that. But two things. First, enterprise security budgets don’t shrink when threats get worse, and Mythos is already making them worse — Treasury Secretary Scott Bessent and Fed Chair Jerome Powell held an emergency meeting with the CEOs of major Wall Street banks this week specifically to discuss Mythos’s systemic risk. That’s not a demand-destruction signal. That’s a"spend more, faster" signal. Second, the companies inside Glasswing get 6-to-12-month lead time on the same capabilities the attackers will eventually access. That’s the whole point of the $100 million in credits.— Cloudflare reports Q1. If NET’s AI-disruption fears are real, this is where they show up in the deferred revenue line.— Palo Alto Networks fiscal Q3 earnings, the first chance for CEO Nikesh Arora to quantify what Glasswing actually does to the Next-Gen Security ARR trajectory.— CrowdStrike Q1 earnings. The $1.5 billion buyback is active; watch for share count reduction commentary. The cybersecurity selloff this week is the sector’s version of throwing out the good apples with the rotten ones. Project Glasswing is the sorting mechanism, and the market hasn’t finished sorting. That gap — between who’s actually inside Anthropic’s tent and who isn’t — is the trade.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate. 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Palo Alto Networks Inc First Trust NASDAQ Cybersecurity ETF Zscaler Inc
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