Market Overview

Morgan Stanley Sees Near-Term Headwinds, Long-Term Opportunity For Splunk

Share:
Related SPLK
18 Biggest Mid-Day Losers For Friday
Splunk's Q4 Beat Overshadowed By Q1 Guidance

In a report published Tuesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on Splunk (NASDAQ: SPLK).

In the report, Morgan Stanley noted, “The Q1 outlook looks conservative and we remain confident in the LT opportunity for Splunk. However, a slowdown in productive sales capacity growth, price cuts and increasing competition represent NT tactical headwinds. With the market focused on the durability of growth, we remain on the sidelines.”

Splunk closed on Monday at $44.00.

Latest Ratings for SPLK

DateFirmActionFromTo
Jan 2017Argus ResearchInitiates Coverage OnHold
Jan 2017Wells FargoInitiates Coverage OnOutperform
Oct 2016Piper JaffrayInitiates Coverage OnOverweight

View More Analyst Ratings for SPLK
View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (SPLK)

View Comments and Join the Discussion!