-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
Software stocks declined today following Anthropic's launch of Claude Managed Agents, which enable developers to build AI Agents more efficiently, reigniting displacement concerns. The offering tackles complex workflows while managing infrastructure, potentially closing the gap between commercial solutions and in-house development. We believe this poses risks to application software firms with agentic products, developer platforms (NET, GTLB), and infrastructure/data monitoring segments of cybersecurity firms, as organizations may develop their own AI Agents with reduced vendor support. Despite ongoing volatility from LLM provider advancements, we maintain our preference for platform software vendors and cybersecurity firms. In our view, proprietary data that AI Agents require for accurate decision-making provides Systems of Record vendors competitive advantages, while cybersecurity firms benefit from increased threat complexity amid broader AI adoption.