Morgan Stanley Reiterates Equal-Weight Rating on Hewlett-Packard Company on Strong Growth Platform

In a report published Wednesday, Morgan Stanley reiterated its Equal-Weight rating on Hewlett-Packard Company

. Morgan Stanley noted, “With secular pressures in some of HP's large business segments, the return to revenue growth is increasingly predicated on key investments in disruptive themes, including converged storage, Moonshot, and Vertica among others. Vertica addresses the $8 billion Big Data market that IDC expects to grow at 31% CAGR over the next several years. We expect Vertica's penetration of this market to improve as it benefits from HP's global sales and channel reach (HP Software sales started carrying Vertica quotas in November 2012). While not disclosed by the company, we believe Vertica revenue growth is in the 50-100% range in recent quarters.” Hewlett-Packard Company closed on Tuesday at $20.37.