PYMNTS: AI Coding Agents Spark Broad SaaS Selloff, but Enterprise Software Revenue Numbers Hold Ground

PYMNTS·medium signal

Despite $285 billion wiped from tech stocks in 24 hours after Anthropic's February Claude Code launch, most major enterprise SaaS companies continue hitting their revenue targets. JFrog dropped 24.61% in a single session and Salesforce's P/E fell from 30x to 15x, but the divergence between stock price collapse and actual revenue resilience suggests the market may be pricing in disruption faster than it's actually materializing in enterprise accounts.