In a report published Monday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Splunk SPLK.
In the report, Morgan Stanley noted, “The Q2 bar looks low, but a beat in the quarter is likely already in expects. Investor focus likely turns to the durability of growth and signs of improving sales productivity will be key. At 9x EV/CY15e sales, we remain on the sidelines for SPLK until we gain more visibility into these factors.”
Splunk closed on Friday at $43.95.
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