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

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

Latest Ratings for SPLK

DateFirmActionFromTo
Nov 2019UpgradesEqual-WeightOverweight
Nov 2019DowngradesBuyNeutral
Nov 2019Initiates Coverage OnOverweight

View More Analyst Ratings for SPLK
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Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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