Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, and internationally. The company offers Veeva Commercial Cloud, a suite of multichannel customer relationship management applications, which allow pharmaceutical and biotechnology companies to target and support sales and marketing to physicians, other healthcare professionals, and healthcare organizations through various touch points, including in-person, email, and online; and Veeva Vault, a cloud-based enterprise content management platform and suite of applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, and quality. It also provides Veeva Network master data management solutions for the management of customer master and product master data. In addition, the company offers data solutions and services comprising Veeva OpenData, Veeva OpenData data services, Veeva OpenData email, and Veeva key opinion leader data and services, as well as territory allocation and alignment applications. Further, it provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was founded in 2007 and is headquartered in Pleasanton, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:VEEV
CUSIPN/A
Phone925-452-6500
Debt
Debt-to-Equity RatioN/A
Current Ratio3.38
Quick Ratio3.38
Price-To-Earnings
Trailing P/E Ratio90.45
Forward P/E Ratio81.47
P/E Growth4.62
Sales & Book Value
Annual Sales$685.57 million
Price / Sales17.39
Cash Flow$1.1084 per share
Price / Cash74.97
Book Value$6.17 per share
Price / Book13.47
Profitability
EPS (Most Recent Fiscal Year)$0.92
Net Income$141.96 million
Net Margins20.78%
Return on Equity12.47%
Return on Assets9.31%
Miscellaneous
Employees2,171
Outstanding Shares143,440,000
Market Cap$11,992.93
Veeva Systems (NYSE:VEEV) Frequently Asked Questions
What is Veeva Systems' stock symbol?
Veeva Systems trades on the New York Stock Exchange (NYSE) under the ticker symbol "VEEV."
How were Veeva Systems' earnings last quarter?
Veeva Systems Inc (NYSE:VEEV) released its quarterly earnings results on Thursday, May, 24th. The technology company reported $0.33 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.31 by $0.02. The technology company earned $195.55 million during the quarter, compared to analyst estimates of $188.92 million. Veeva Systems had a net margin of 20.78% and a return on equity of 12.47%. The company's quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 earnings per share. View Veeva Systems' Earnings History.
When is Veeva Systems' next earnings date?
What guidance has Veeva Systems issued on next quarter's earnings?
Veeva Systems updated its FY19 earnings guidance on Thursday, May, 24th. The company provided earnings per share guidance of $1.36-1.38 for the period, compared to the Thomson Reuters consensus estimate of $1.32. The company issued revenue guidance of $826-830 million, compared to the consensus revenue estimate of $818.77 million.Veeva Systems also updated its Q2 guidance to $0.33-0.34 EPS.
What price target have analysts set for VEEV?
12 brokers have issued 12-month price targets for Veeva Systems' shares. Their predictions range from $70.00 to $100.00. On average, they anticipate Veeva Systems' share price to reach $80.60 in the next twelve months. This suggests that the stock has a possible downside of 3.0%. View Analyst Ratings for Veeva Systems.
What is the consensus analysts' recommendation for Veeva Systems?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
What are Wall Street analysts saying about Veeva Systems stock?
Here are some recent quotes from research analysts about Veeva Systems stock:
- 1. According to Zacks Investment Research, "Veeva Systems outperformed the industry in the past six months. Growing demand for cloud-based applications like Veeva Vault, Veeva CRM, Veeva Network and Veeva OpenData has provided Veeva Systems with a competitive edge in the MedTech industry. Solid Subscription revenues have been a growth catalyst as well. Further, in a bid to replace the simple custom-made data warehouses with a unique industry-specific data model, Veeva Systems recently introduced a model of commercial data warehouse for Life Sciences — Veeva Nitro. The company further launched Vault Training, a cloud-based application across life sciences organizations. On the flip side, high expenses on the operational side are also causing a drag on the company’s margins, partially offsetting its revenues. Furthermore, intense competition and a saturating life sciences market are key concerns. Volatility in foreign currency exchange rate is a concern. " (7/19/2018)
- 2. KeyCorp analysts commented, "We are raising revenue estimates by $5M in F2018 and nearly $10M in F2019 based on the assumption that (1) Vault growth remains at or above 40%, and (2) Commercial Cloud plus services can sustain growth at or above 10% y/y." (8/25/2017)
Who are some of Veeva Systems' key competitors?
Some companies that are related to Veeva Systems include Electronic Arts (EA), Dassault Systemes (DASTY), ServiceNow (NOW), Autodesk (ADSK), Square (SQ), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), ANSYS (ANSS), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE, INC Common Stock (TTWO), Mobileye (MBBYF), Synopsys (SNPS) and UBISOFT Entmt S/ADR (UBSFY).
Who are Veeva Systems' key executives?
Veeva Systems' management team includes the folowing people:
- Mr. Peter P. Gassner, Co-Founder, CEO & Director (Age 53)
- Mr. Timothy S. Cabral, Chief Financial Officer (Age 51)
- Mr. Jonathan W. Faddis, Sr. VP, Gen. Counsel & Corp. Sec. (Age 46)
- Ms. Eleni Nitsa Zuppas, Chief Marketing Officer (Age 48)
- Mr. Alan V. Mateo, Exec. VP of Global Sales (Age 56)
Has Veeva Systems been receiving favorable news coverage?
Headlines about VEEV stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Veeva Systems earned a daily sentiment score of 0.14 on Accern's scale. They also assigned news articles about the technology company an impact score of 45.45 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Veeva Systems' major shareholders?
Veeva Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fred Alger Management Inc. (0.78%), Riverbridge Partners LLC (0.70%), Chicago Capital LLC (0.24%), American Capital Management Inc. (0.23%), Scout Investments Inc. (0.16%) and Jag Capital Management LLC (0.09%). Company insiders that own Veeva Systems stock include Alan Mateo, Eleni Nitsa Zuppas, Frederic Lequient, Gordon Ritter, Jonathan Faddis, Matthew J Wallach, Paul J Sekhri, Ronald E F Codd, Timothy C Barabe and Timothy S Cabral. View Institutional Ownership Trends for Veeva Systems.
Which institutional investors are selling Veeva Systems stock?
VEEV stock was sold by a variety of institutional investors in the last quarter, including Riverbridge Partners LLC, Gateway Investment Advisers LLC, Fox Run Management L.L.C., Radnor Capital Management LLC, Foundry Partners LLC, Essex Investment Management Co. LLC, Nisa Investment Advisors LLC and Capital One National Association. Company insiders that have sold Veeva Systems company stock in the last year include Alan Mateo, Eleni Nitsa Zuppas, Frederic Lequient, Gordon Ritter, Jonathan Faddis, Matthew J Wallach, Paul J Sekhri, Ronald E F Codd, Timothy C Barabe and Timothy S Cabral. View Insider Buying and Selling for Veeva Systems.
Which institutional investors are buying Veeva Systems stock?
VEEV stock was purchased by a variety of institutional investors in the last quarter, including Fred Alger Management Inc., Jag Capital Management LLC, Chicago Capital LLC, KAMES CAPITAL plc, Cornerstone Wealth Management LLC, Scout Investments Inc., Bank of Montreal Can and DnB Asset Management AS. View Insider Buying and Selling for Veeva Systems.
How do I buy shares of Veeva Systems?
Shares of VEEV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Veeva Systems' stock price today?
One share of VEEV stock can currently be purchased for approximately $83.10.
How big of a company is Veeva Systems?
Veeva Systems has a market capitalization of $11.99 billion and generates $685.57 million in revenue each year. The technology company earns $141.96 million in net income (profit) each year or $0.92 on an earnings per share basis. Veeva Systems employs 2,171 workers across the globe.
How can I contact Veeva Systems?
Veeva Systems' mailing address is 4280 HACIENDA DRIVE, PLEASANTON CA, 94588. The technology company can be reached via phone at 925-452-6500 or via email at [email protected]
MarketBeat Community Rating for Veeva Systems (NYSE VEEV)
MarketBeat's community ratings are surveys of what our community members think about Veeva Systems and other stocks. Vote "Outperform" if you believe VEEV will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VEEV will underperform the S&P 500 over the long term. You may vote once every thirty days.
