Morgan Stanley Is Encouraged By Positive Trends At Bazaarvoice Inc

In a report published Thursday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Getting back on track. Q1 rev.at $46M beat us/cons.at $44M as rev. grew 12% YoY (exan expected 2 point benefit from an early termination payment, marking modest reacceleration from 11% growth in Q4,and management believes growth can track back towards 15-25% over time with guidance for ~14% growth in Q2. Revenue upside drove profits higher in the quarter with EPS of ($0.09) ahead of us/cons.at ($0.11), but management plans to invest upside back into the business and EBITDA and EPS guidance for the year remained unchanged despite revenue moving higher.” Bazaarvoice Inc closed on Wednesday at $7.50.