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Joseph Gallo

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Mythos rejuvenated the cybersecurity sector. Earnings put the recent rally to the test

Anthropic's Mythos model offered a much-needed lifeline to cybersecurity firms in the age of artificial intelligence. Yet, this week's cybersecurity earnings offered a brutal reminder that even with tailwinds, sometimes good just 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.

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