---
title: "Security stocks fell up to 21% on Anthropic launches; CrowdStrike has since gained 154%"
summary: "Four Anthropic launches from 20 February to 9 June, eight US-listed security stocks and two sector funds, in daily closes to 27 October: what fell, what was blamed, what came back."
url: https://www.thetechbag.com/blog/ai-launches-security-stocks-fall-and-recover
format: Analysis
desk: "Markets & the AI economy"
published: 2026-10-28
facts_checked: 2026-10-28
author: TechBag (The TechBag Journal)
tags: ["Anthropic","Claude Code Security","Claude Mythos","Project Glasswing","Claude Fable","CrowdStrike","Zscaler","Cloudflare","Akamai","Palo Alto Networks","cybersecurity stocks","CIBR","earnings","share price"]
cover: https://www.thetechbag.com/blog/covers/ai-launches-security-stocks-fall-and-recover.png
---

# Security stocks fell up to 21% on Anthropic launches; CrowdStrike has since gained 154%

*Four Anthropic launches from 20 February to 9 June, eight US-listed security stocks and two sector funds, in daily closes to 27 October: what fell, what was blamed, what came back.*

Analysis · Markets & the AI economy · By TechBag · Published 2026-10-28 · Facts checked 2026-10-28 · Canonical: https://www.thetechbag.com/blog/ai-launches-security-stocks-fall-and-recover

The short version

- Three Anthropic events took up to 21% off security stocks in two sessions: CrowdStrike fell 17.0% after Claude Code Security (20–23 February), and Akamai and Cloudflare about 21% in the two sessions after Project Glasswing and Claude Managed Agents (9–10 April). On Claude Fable 5’s launch day, 9 June, the cybersecurity fund fell 2.1%, less than software’s 2.8%.[20]
- The falls did not last. CrowdStrike regained each launch-day loss within ten sessions, and on 27 October closed at 2.54 times its 19 February price. The cybersecurity fund was up 66% over the same span, the software fund 37%. Akamai was the exception, 14% below its 8 April close.[20]
- Results moved these stocks more than launches did. In all eight stocks we tracked, the biggest move after a results release was larger than the biggest launch-day move; Zscaler’s 31.5% fall on 27 May was the largest of the year. For a buyer, the launch-day price is the market’s first guess; the vendor’s own filings are what to read before a renewal.[20][21]

If you renew endpoint, zero-trust or edge-security contracts, you watched your vendors’ shares fall on four Anthropic announcements this year and then climb to records. The question for the person signing is narrow: did those falls say anything about the vendor you are buying from, and if not, what does?

## Four launches, four sizes of fall

Anthropic announced Claude Code Security on Friday 20 February, a “limited research preview” for Enterprise and Team customers that scans codebases for vulnerabilities and suggests patches for human review.[1] Over that session and the next, CrowdStrike closed 17.0% lower, Cloudflare 16.8%, Zscaler 15.2% and Okta 15.0%; the First Trust Nasdaq Cybersecurity ETF (CIBR) fell 7.0%. The iShares software fund (IGV) fell 5.9% over the same two sessions, 4.75% of it on Monday 23 February, so the second day was a software day as much as a security one.[20] Akamai’s 14.1% fall on 20 February came the session after its own fourth-quarter results, so we leave it out of the launch count.[23]

On 27 March, Investing.com, following Fortune, reported a leaked Anthropic draft that described a model called Claude Mythos as “far ahead of any other AI model in cyber capabilities”.[4] CrowdStrike, Palo Alto Networks and Zscaler each closed about 6% lower. The Nasdaq Composite fell 2.15% and IGV 3.59% the same day, so the part of the fall peculiar to security was a few points.[20]

Project Glasswing followed on 7 April: Anthropic gave a restricted model, Claude Mythos Preview, to 12 launch partners, among them CrowdStrike and Palo Alto Networks, and to more than 40 other organisations that maintain critical software.[5] That day the two named partners rose, CrowdStrike 6.2% and Palo Alto 4.9%. On 8 April Anthropic put Claude Managed Agents, which runs customers’ agents on Anthropic’s own infrastructure, into public beta.[6] Over the next two sessions Akamai fell 21.3%, Cloudflare 21.0%, Okta 17.2% and Zscaler 14.4%, while the Nasdaq rose 1.2%.[20]

Claude Fable 5 was released on 9 June, with Claude Mythos 5 offered separately for defensive security work to verified organisations only.[9] CIBR fell 2.08% that day and IGV 2.82%.[20]

**Figure: CrowdStrike and Cloudflare fell up to three times as far as the cybersecurity fund; on Fable's day security fell less than software**

*Fall in the closing price, %, over each launch window (19→23 Feb, 26→27 Mar, 8→10 Apr, 8→9 Jun 2026)*

|  | CrowdStrike | Cloudflare | Cybersecurity fund (CIBR) | Software fund (IGV) |
| --- | --- | --- | --- | --- |
| 20–23 Feb | 17 | 16.8 | 7 | 5.9 |
| 27 Mar | 5.9 | 3.4 | 3.8 | 3.6 |
| 9–10 Apr | 11.1 | 21 | 7.5 | 6.4 |
| 9 Jun | 2.1 | 4.7 | 2.1 | 2.8 |

Source: Yahoo Finance daily closes, close to close, computed by TechBag · as of 27 October 2026 · The Nasdaq Composite moved −0.2%, −2.2%, +1.2% and −1.0% over the same four windows

## What the coverage blamed, and what the companies said

**February.** Reuters wrote that investors were weighing the tool’s possible effect on the industry. Shrenik Kothari of Robert W. Baird called it “the continuation of a panic-driven, narrative-led selloff” and said the tool does not handle real-time work such as stopping live intrusions.[2] Wedbush called the move the “AI Ghost Trade” and “the wrong reaction in the long-term for clear winners”.[3] Anthropic’s own post presents the tool as working alongside existing ones: teams “review findings and iterate on fixes within the tools they already use”.[1] CrowdStrike issued no statement that day; in its results on 3 March, George Kurtz said “CrowdStrike is mission-critical infrastructure” as enterprises adopt AI, reporting ending annual recurring revenue of US$5.25bn, up 24%.[3][11]

**March.** Investing.com called the fall “AI fear” sparked by the leak. Anthropic blamed “human error” in configuring its content system and said it was “being deliberate about how we release” the model.[4]

**April.** Two readings appeared on the same day. MarketScreener tied the sell-off to Mythos Preview and to investor fear that AI will speed up vulnerability discovery and weaken traditional tools.[7] webhosting.today tied the falls in Cloudflare, Akamai and Fastly to Managed Agents instead, and quoted Ben Reitzes of Melius Research: “The market is getting it right in SaaS. No platform is safe.”[8] We do not choose between them. The named partners spoke for the project: CrowdStrike’s chief technology officer, Elia Zaitsev, said: “The window between a vulnerability being discovered and being exploited by an adversary has collapsed”.[5] Cloudflare made no public statement about the launch, webhosting.today reported.[8]

**June.** ERP Today named Workday, Oracle and Palantir, each down about 3% in the afternoon, on concern that “more capable AI agents could challenge parts of the traditional software subscription model”. It named no security company.[10] A week earlier Palo Alto Networks’ chief executive, Nikesh Arora, had said in his results: “The latest advancements at the AI frontier have increased the level of urgency around cybersecurity”.[18]

**Figure: CrowdStrike regained each launch-day loss within ten sessions; its biggest move of the year came after results**

*Anthropic announcements and the share moves around them, 20 February to 27 August 2026 (closes)*

| Date | Event | Detail |
| --- | --- | --- |
| 20 Feb 2026 | Claude Code Security | Research preview. CrowdStrike −17.0% over two sessions |
| 5 Mar 2026 | CrowdStrike back above 19 Feb | Ten sessions later; results on 3 March |
| 27 Mar 2026 | Mythos draft leak | CrowdStrike −5.9%, Palo Alto −6.0%; Nasdaq −2.2% |
| 7 Apr 2026 | Project Glasswing | Named partners rose: CrowdStrike +6.2%, Palo Alto +4.9% |
| 8 Apr 2026 | Claude Managed Agents | Next two sessions: Akamai −21.3%, Cloudflare −21.0% |
| 27 May 2026 | Zscaler −31.5% after results | The largest one-day move of the eight stocks this year |
| 9 Jun 2026 | Claude Fable 5 and Mythos 5 | Cybersecurity fund −2.1%, software fund −2.8% |
| 27 Aug 2026 | CrowdStrike +20.5% after results | Net new ARR up 51%; guidance raised |

Source: Anthropic and Claude announcements; company results releases; Yahoo Finance daily closes · as of 27 October 2026

## How far they came back

2.54×

CrowdStrike's close on 27 October against its close of 19 February, the day before Claude Code Security

US$268.02 against US$105.54, split-adjusted.[20]

CrowdStrike regained its 19 February close on 5 March. After the leak it took four sessions to regain its 26 March close; after the April falls, eight sessions; after Fable, three.[20] On 22 May Yahoo Finance reported CIBR “up about 25% this month”, with seven straight intraday records; it described the trade as “part software, part cloud, part AI build-out, and part old-fashioned enterprise spending” and named no single cause.[19] By 27 October Okta closed at 2.76 times its 19 February price, Palo Alto 2.66 times, Fortinet 2.27 times, SentinelOne 1.89 times, Cloudflare 1.70 times and Zscaler 1.54 times. CIBR was up 66.4%, IGV 36.7% and the Nasdaq Composite 16.7%.[20]

Two stocks did not follow the line. Zscaler took until 18 May to regain its February price, then lost 31.5% after its results. Akamai regained its 8 April close on 5 May, rose 26.6% after its results, and closed 27 October 14.1% below that 8 April close.[20] In August CrowdStrike gave its own reading of the year: “The Mythos moment translated into mass-market acceptance that AI adoption needs security, and that’s CrowdStrike.”[12]

TechBag countHow we got about US$18bn, and US$274bn

CrowdStrike had 252.1m shares outstanding on the cover of its 10-Q dated 25 November 2025. At the pre-split closes (US$422.16 on 19 February, US$350.32 on 23 February) that is about US$106.4bn before the launch and US$88.3bn two sessions later: about US$18.1bn of market value, a paper loss to holders, not cash leaving the company. With 1,023.9m post-split shares on its 20 August cover and the 27 October close of US$268.02, the figure is about US$274.4bn.[22][20] Press figures for the same days were often intraday: Reuters had CrowdStrike down about 11% on 23 February; the close was 9.85% lower.[2]

**Figure: From the same start, CrowdStrike ended at 254, the cybersecurity fund at 166 and software at 137**

*Weekly closes indexed to 19 February 2026 = 100, to Tuesday 27 October 2026*

|  | CrowdStrike | Zscaler | CIBR | IGV |
| --- | --- | --- | --- | --- |
| 19 Feb | 100 | 100 | 100 | 100 |
| 20 Feb | 92 | 95 | 97 | 99 |
| 27 Feb | 88 | 87 | 95 | 100 |
| 6 Mar | 102 | 97 | 100 | 108 |
| 13 Mar | 105 | 91 | 99 | 103 |
| 20 Mar | 97 | 90 | 97 | 102 |
| 27 Mar | 88 | 79 | 92 | 94 |
| 2 Apr | 95 | 82 | 97 | 98 |
| 10 Apr | 90 | 70 | 92 | 91 |
| 17 Apr | 100 | 80 | 101 | 104 |
| 24 Apr | 106 | 80 | 102 | 104 |
| 1 May | 108 | 83 | 104 | 106 |
| 8 May | 125 | 90 | 114 | 112 |
| 15 May | 141 | 95 | 120 | 112 |
| 22 May | 157 | 108 | 128 | 115 |
| 29 May | 173 | 83 | 135 | 124 |
| 5 Jun | 159 | 77 | 132 | 117 |
| 12 Jun | 162 | 77 | 130 | 111 |
| 18 Jun | 162 | 74 | 128 | 109 |
| 26 Jun | 166 | 78 | 130 | 108 |
| 2 Jul | 184 | 87 | 138 | 114 |
| 10 Jul | 177 | 82 | 139 | 113 |
| 17 Jul | 192 | 89 | 140 | 114 |
| 24 Jul | 174 | 84 | 134 | 108 |
| 31 Jul | 181 | 90 | 139 | 116 |
| 7 Aug | 203 | 100 | 149 | 126 |
| 14 Aug | 206 | 109 | 151 | 127 |
| 21 Aug | 182 | 108 | 144 | 126 |
| 28 Aug | 207 | 109 | 150 | 134 |
| 4 Sep | 202 | 101 | 144 | 128 |
| 11 Sep | 196 | 97 | 143 | 124 |
| 18 Sep | 225 | 117 | 152 | 128 |
| 25 Sep | 239 | 114 | 153 | 130 |
| 2 Oct | 256 | 116 | 159 | 133 |
| 9 Oct | 261 | 138 | 167 | 138 |
| 16 Oct | 216 | 123 | 150 | 128 |
| 23 Oct | 244 | 151 | 161 | 135 |
| 27 Oct | 254 | 154 | 166 | 137 |

Source: Yahoo Finance daily closes (last session of each week), split-adjusted, indexed by TechBag · as of 27 October 2026

## Results days moved them more

Zscaler’s 26 May release showed revenue up 25% and annual recurring revenue up 25%, or 21% without its Red Canary purchase, and cut its free-cash-flow margin outlook from 26.5–27% to 22.8–23.3% on higher capital spending.[13] Barchart attributed the next day’s fall to fourth-quarter revenue guidance slightly below estimates, a capex warning, two departed sales leaders, and fear that AI “could encourage companies to build more tools in-house”.[14] Jay Chaudhry, Zscaler’s chief executive, said in the release that zero trust “has never been more essential in securing against threats exposed by frontier models”.[13]

On 7 May Cloudflare reported revenue up 34% and announced about 1,100 job cuts as it moves to an “agentic AI-first operating model”; Matthew Prince called AI “the biggest tailwind we’ve ever seen in Cloudflare’s history”.[15] The Register tied the 23.6% fall to the job cuts. The same evening Akamai disclosed a US$1.8bn, seven-year commitment from “a leading, U.S. based frontier model provider”, which The Register reported Bloomberg had identified as Anthropic.[16][17] CrowdStrike’s 26 August release reported net new annual recurring revenue up 51% and raised guidance; it rose 20.5% the next session, a day IGV also rose 7.7%.[12][20]

TechBag countHow we counted the biggest days

Every one-session move from 2 February to 27 October 2026 in CrowdStrike, Palo Alto Networks, Zscaler, Cloudflare, Okta, Fortinet, Akamai and SentinelOne, ranked by size. A “results day” is the first session after the company’s results 8-K (Item 2.02); all 24 such filings were accepted after the US close. A “launch day” is 20 or 23 February, 27 March, 9 or 10 April, or 9 June. Akamai’s 20 February is counted as a results day.[21][20]

**Figure: Seven of the ten largest one-day moves came the session after the company's own results**

*Largest one-session moves in eight US-listed security stocks, % (rise or fall), 2 February to 27 October 2026*

Zscaler, 27 May, after results (fell)

31.5%

Okta, 29 May, after results (rose)

30.1%

Okta, 27 Aug, after results (rose)

28.6%

Akamai, 8 May, after results (rose)

26.6%

Cloudflare, 8 May, after results (fell)

23.6%

CrowdStrike, 27 Aug, after results (rose)

20.5%

Fortinet, 7 May, after results (rose)

20%

Akamai, 10 Apr, launch window (fell)

16.7%

Zscaler, 14 Sep (rose)

16.5%

SentinelOne, 14 Sep (rose)

14.5%

|  | Value (%) |
| --- | --- |
| Zscaler, 27 May, after results (fell) | 31.5 |
| Okta, 29 May, after results (rose) | 30.1 |
| Okta, 27 Aug, after results (rose) | 28.6 |
| Akamai, 8 May, after results (rose) | 26.6 |
| Cloudflare, 8 May, after results (fell) | 23.6 |
| CrowdStrike, 27 Aug, after results (rose) | 20.5 |
| Fortinet, 7 May, after results (rose) | 20 |
| Akamai, 10 Apr, launch window (fell) | 16.7 |
| Zscaler, 14 Sep (rose) | 16.5 |
| SentinelOne, 14 Sep (rose) | 14.5 |

Source: Yahoo Finance daily closes; SEC EDGAR 8-K Item 2.02 filing times; TechBag count · as of 27 October 2026 · On 29 May and 27 August software as a whole also rose (IGV +6.3% and +7.7%). 14 September had no results or launch in these names; we did not establish a cause

## What a security buyer takes from it

Nothing in the product you license changed on those launch days. Claude Code Security was a research preview and Mythos Preview went only to named partners and maintainers.[1][5] What tells you whether a vendor will be there at renewal, and how hard it will negotiate, is in its filings: CrowdStrike held US$5.01bn of cash and made US$377m of free cash flow in the quarter to 31 July; Cloudflare held US$4.16bn of cash and securities at 31 March; Zscaler made US$136m of free cash flow in the quarter to 30 April.[12][15][13]

Our viewOur view, for a renewal

Do not move a renewal date or reopen a contract because a vendor’s shares fell on someone else’s launch. Read the vendor’s last results release before you negotiate: guidance cuts, job cuts and capital spending are what changed prices and support this year. Where a vendor’s bookings and shares are both at records, expect less room on price than in February.

**Figure: Launch days moved the price; results showed what changed in the business**

*What each kind of day told an observer about eight security vendors, February to October 2026*

Launch days

- Single names fell up to three times as far as the cybersecurity fund
- CrowdStrike regained each loss within three to ten sessions
- Moved by previews and a leaked draft, not by products customers were using
- Said nothing about a vendor's cash, contracts or support

Results days

- Zscaler: lower revenue guidance and a capex warning; down 31.5%
- Cloudflare: about 1,100 job cuts; down 23.6%
- Akamai: a US$1.8bn seven-year commitment; up 26.6%
- CrowdStrike: net new ARR up 51%, guidance raised; up 20.5%

Source: TechBag analysis of Yahoo Finance daily closes and the companies' results releases · as of 27 October 2026

If you are buying this in India

None of the eight stocks is listed in India. The one Indian-listed security software maker we checked, Quick Heal Technologies, closed 27 October 23.9% below its 19 February close on the NSE; it lost 5.0% on 24 February, India’s session after the second US fall, and rose 5.2% on 10 April. We found no coverage linking those moves to Anthropic.[20]

The contract facts did not move with the shares. CrowdStrike publishes US prices only (Falcon Go US$59.99, Pro US$99.99 and Enterprise US$184.99 per device per year), so an Indian quote is in rupees for your device count and term, plus 18% GST. The India cloud it announced on 20 January 2026 had no go-live date as of 21 October, so an Indian tenant’s data is held in a US or EU region.[24] CERT-In’s directions of 28 April 2022 still require incidents to be reported within six hours and logs kept for 180 days within Indian jurisdiction, whichever vendor runs the tool.[25] Put the data region and log export in the contract. TechBag is an authorised CrowdStrike partner in India and resells several of the other vendors named here; this piece takes no view on their shares.

How we did this

Figures as of 27 October 2026

Prices are daily closes from Yahoo Finance chart data, close to close, split-adjusted (CrowdStrike split four-for-one after the close on 1 July 2026), not exchange files; the last close used is Tuesday 27 October. Launch windows run from the last close before each announcement: 19 to 23 February, 26 to 27 March, 8 to 10 April (Glasswing was announced on 7 April and Managed Agents on 8 April) and 8 to 9 June. Recovery is the first close at or above that pre-event close. Results days are the first session after each results 8-K on SEC EDGAR. Market value is shares on the 10-Q cover times the close; it excludes options and intraday prices. We did not use intraday press figures, Datadog (not a security vendor) or anything from 28 October onward. Causes are given to the outlets and companies that stated them; we take no side on them.

Spotted an error? Write to us; corrections are published at the foot of the piece.

Sources

1. [Anthropic, Claude Code Security (limited research preview)](https://www.anthropic.com/news/claude-code-security) — 20 February 2026
2. [Reuters, Jaspreet Singh: CrowdStrike, Datadog and other cybersecurity stocks slide after Anthropic's AI tool launch (via Yahoo Finance)](https://finance.yahoo.com/news/crowdstrike-datadog-other-cybersecurity-stocks-205224096.html) — 23 February 2026
3. [Proactive: Anthropic's Claude Code Security launch rattles cybersecurity stocks, Wedbush sees selloff as overreaction (via Yahoo Finance)](https://finance.yahoo.com/news/anthropic-claude-code-security-launch-200400637.html) — 24 February 2026
4. [Investing.com, Louis Juricic: Cybersecurity stocks plunge as Anthropic's 'Claude Mythos' leak sparks AI fear (via Yahoo Finance UK; leak first reported by Fortune)](https://uk.finance.yahoo.com/news/cybersecurity-stocks-plunge-anthropic-claude-124810214.html) — 27 March 2026
5. [Anthropic, Project Glasswing (partners, access, partner statements)](https://www.anthropic.com/glasswing) — 7 April 2026; updated 6 October 2026
6. [Claude blog, Claude Managed Agents (public beta)](https://claude.com/blog/claude-managed-agents) — 8 April 2026
7. [MarketScreener, Kevin Smith: Anthropic's Claude Mythos triggers sell-off in cybersecurity stocks](https://www.marketscreener.com/news/anthropic-s-claude-mythos-triggers-sell-off-in-cybersecurity-stocks-ce7e50d9d08af323) — 13 April 2026
8. [webhosting.today, Łukasz Nowak: Anthropic's Managed Agents sent Fastly down 18% and triggered a CDN sector selloff](https://webhosting.today/2026/04/13/anthropics-managed-agents-launch-sent-fastly-down-18-akamai-12-and-extended-cloudflares-selloff) — 13 April 2026
9. [Claude Platform docs, Claude Fable 5 (released 9 June 2026; Fable versus Mythos)](https://platform.claude.com/docs/en/about-claude/models/introducing-claude-fable-5-and-claude-mythos-5) — 9 June 2026
10. [ERP Today, Tarsilla Moura: Anthropic's Fable 5 release renewed pressure on enterprise software stocks](https://erp.today/anthropic-claude-fable-5-enterprise-software-stocks/) — 12 June 2026
11. [CrowdStrike, fourth quarter and fiscal 2026 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000007/crwd-20260303xex991.htm) — 3 March 2026
12. [CrowdStrike, second quarter fiscal 2027 results, with the stock-split note (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1535527/000153552726000029/crwd-20260826xex991.htm) — 26 August 2026
13. [Zscaler, third quarter fiscal 2026 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1713683/000171368326000095/zs-04302026_991.htm) — 26 May 2026
14. [Barchart, Aanchal Sugandh: Zscaler stock plunges on weak guidance (via Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/zscaler-stock-plunges-weak-guidance-163702184.html) — 28 May 2026
15. [Cloudflare, first quarter 2026 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1477333/000147733326000033/q126exhibit991.htm) — 7 May 2026
16. [Akamai, first quarter 2026 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1086222/000108622226000054/exhibit991-q12026.htm) — 7 May 2026
17. [The Register, O'Ryan Johnson: Akamai surges on big LLM deal as Cloudflare dims](https://www.theregister.com/networks/2026/05/09/akamai-surges-on-big-llm-deal-as-cloudflare-dims/5237552) — 9 May 2026
18. [Palo Alto Networks, fiscal third quarter 2026 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1327567/000132756726000012/ex991q326earningsrelease.htm) — 2 June 2026
19. [Yahoo Finance, Jared Blikre: CrowdStrike, Cisco and Palo Alto hit records as cyber stocks outrun chips](https://finance.yahoo.com/markets/article/crowdstrike-cisco-and-palo-alto-hit-records-as-cyber-stocks-outrun-chips-chart-of-the-day-130252349.html) — 22 May 2026
20. [Yahoo Finance, daily closes for CRWD, PANW, ZS, NET, OKTA, FTNT, AKAM, S, CIBR, IGV, the Nasdaq Composite and QUICKHEAL.NS](https://finance.yahoo.com/quote/CIBR/history/) — sessions of 2 January to 27 October 2026
21. [SEC EDGAR, 8-K Item 2.02 filings and acceptance times for the eight companies](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001535527&type=8-K) — filings of 5 February to 3 September 2026
22. [CrowdStrike, Form 10-Q covers: shares outstanding on 25 November 2025 and 20 August 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001535527&type=10-Q) — 3 December 2025 and 27 August 2026
23. [Akamai, fourth quarter and full-year 2025 results (8-K Exhibit 99.1)](https://www.sec.gov/Archives/edgar/data/1086222/000108622226000017/exhibit991-q42025.htm) — 19 February 2026
24. [TechBag, CrowdStrike hub: US list prices, India distribution and the India cloud](https://www.thetechbag.com/crowdstrike) — TechBag record, prices checked 21 October 2026
25. [CERT-In, Directions under section 70B(6) of the IT Act, 2000 (six-hour reporting; 180 days of logs within Indian jurisdiction)](https://www.cert-in.org.in/PDF/CERT-In_Directions_70B_28.04.2022.pdf) — 28 April 2022

Related on TechBag: the [CrowdStrike hub](https://www.thetechbag.com/crowdstrike), the [endpoint protection guide](https://www.thetechbag.com/browse/security/endpoint-protection), and [what February’s software sell-off meant for renewals](https://www.thetechbag.com/blog/software-selloff-seat-pricing-renewals).

**Disclosure.** TechBag is a software reseller: it earns a margin when a reader buys through it, including from vendors named here. The analysis is TechBag’s own; no vendor paid for or saw this piece before publication. Facts are labelled reported, TechBag count or our view.

Go deeper on TechBag

- [The CrowdStrike hub](https://www.thetechbag.com/crowdstrike) — US list prices, India distribution and the India cloud status
- [Endpoint protection guide](https://www.thetechbag.com/browse/security/endpoint-protection) — the vendors behind these share prices, compared for buyers
- [Software shed about US$1tn in a week](https://www.thetechbag.com/blog/software-selloff-seat-pricing-renewals) — the February 2026 sell-off and what it meant at renewal