大摩：网络安全仍具潜在的投资机会，予Okta、Palo Alto Networks等多股“增持”评级

Core Insights - Morgan Stanley's analysis indicates that perpetual funds, which select companies and assets based on Environmental, Social, and Governance (ESG) criteria, have lower allocations in the cybersecurity sector compared to the MSCI All Country World Index. This gap is even larger when compared to core AI-related companies, suggesting significant investment opportunities in cybersecurity [1] Group 1: Market Trends - The growth momentum of AI and cybersecurity is expected to provide long-term growth catalysts for cybersecurity companies, highlighting their investment value [1] - The total addressable market for cybersecurity is projected to grow from approximately $270 billion to $377 billion by 2028, representing a compound annual growth rate (CAGR) of about 12% over three years [1] - Cloud security is identified as the fastest-growing area within cybersecurity [1] Group 2: Company Ratings - Analysts have assigned "overweight" ratings to several companies in the cybersecurity sector, including Netskope, Okta, Palo Alto Networks, Varonis Systems, and Zscaler [1] - Among cyber insurance companies, preference is given to Beazley, which is headquartered in London [1]