Morgan Stanley Is Awaiting Better Sales Productivity In Q2 Results For Splunk

In a report published Monday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on

. 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.