Morgan Stanley Remains on the Sidelines About ServiceSource International

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

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ServiceSource International

(NASDAQ: SREV).In the report, Morgan Stanley noted, “Q4 results highlight the increasing contribution from Renew On Demand, but growth in Managed Services has been more modest as SREV works to refine their sales model. The growth in subscription rev. is encouraging, but the business remains in transition and the risk of further earnings volatility keeps us on the sidelines for now.”ServiceSource International closed on Thursday at $7.93.