NYSE:VEEV - Veeva Systems Stock Price, News, & Analysis

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$125.57 +2.12 (+1.72 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$123.45
Today's Range$123.94 - $125.89
52-Week Range$68.11 - $128.82
Volume883,364 shs
Average Volume1.40 million shs
Market Capitalization$18.25 billion
P/E Ratio101.27
Dividend YieldN/A
Beta1.72
Veeva Systems, Inc. engages in the provision of industry-specific, cloud-based software solutions for the life sciences industry. Its solutions enable pharmaceutical and other life sciences companies to realize the benefits of modern cloud-based architectures and mobile applications for their most critical business functions, without compromising industry-specific functionality or regulatory compliance. The firm's customer relationship management solutions enable its customers to increase the productivity and compliance of their sales and marketing functions. Its regulated content management and collaboration solutions enable its customers to more efficiently manage a regulated, content-centric processes across the enterprise. The company's customer master solution enables customers to more effectively manage complex healthcare provider and healthcare organization data. The company was founded by Mark Armenante, Peter P. Gassner, Doug Ostler, Mitch Wallace and Matthew J. Wallach on January 12, 2007 and is headquartered in Pleasanton, CA.

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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone925-452-6500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$862.21 million
Cash Flow$1.1374 per share
Book Value$6.17 per share

Profitability

Net Income$229.83 million

Miscellaneous

Employees2,171
Market Cap$18.25 billion
Next Earnings Date5/23/2019 (Estimated)
OptionableOptionable

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 data on Tuesday, February, 26th. The technology company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.05. The technology company earned $232.32 million during the quarter, compared to analyst estimates of $227.15 million. Veeva Systems had a net margin of 26.66% and a return on equity of 17.65%. Veeva Systems's revenue was up 24.9% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. View Veeva Systems' Earnings History.

When is Veeva Systems' next earnings date?

Veeva Systems is scheduled to release their next quarterly earnings announcement on Thursday, May 23rd 2019. View Earnings Estimates for Veeva Systems.

What guidance has Veeva Systems issued on next quarter's earnings?

Veeva Systems issued an update on its FY20 earnings guidance on Tuesday, February, 26th. The company provided earnings per share (EPS) guidance of $1.91 to $1.94 for the period, compared to the Thomson Reuters consensus estimate of $1.78. The company issued revenue guidance of $1.025 billion to $1.030 billion, compared to the consensus revenue estimate of $1.02 billion.Veeva Systems also updated its FY 2019 guidance to $1.91-1.94 EPS.

What price target have analysts set for VEEV?

17 Wall Street analysts have issued 12 month price targets for Veeva Systems' stock. Their forecasts range from $70.00 to $140.00. On average, they expect Veeva Systems' stock price to reach $117.1250 in the next twelve months. This suggests that the stock has a possible downside of 6.7%. View Analyst Price Targets for Veeva Systems.

What is the consensus analysts' recommendation for Veeva Systems?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Veeva Systems.

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 has outperformed its industry in a year’s time. Solid show by the Subscription business segment buoys optimism. Furthermore, the company continues benefiting from its flagship Vault platform. In fact, Veeva Vault’s customers have increased manifold in recent times. The company’s unique solutions include Veeva Vault, Veeva CRM, Veeva Network and Veeva OpenData. Veeva’s new CRM Sunrise UI and Nitro look promising as well. In Commercial Cloud, Veeva Systems had a number of wins and expansions in all market segments and regions. The company is confident about growth in new markets with products like EDC, Safety, Nitro and Vault. On the flip side, high expenses on the operational side are a concern. Also, intense competition and a saturating life sciences market remain potent threats. Volatility in foreign currency exchange rate is an added concern. " (2/18/2019)
  • 2. KeyCorp analysts commented, "We were particularly encouraged by the first seven-figure customer outside of life sciences, an early proof point for this untapped QualityOne opportunity. We also have an increasingly positive bias on Nitro as a future growth lever and foundational AI layer. We are raising our growth and profitability estimate and increasing our price target to $99 from $84, rolling forward to 35x CY2020 EV/FCF." (8/23/2018)

Has Veeva Systems been receiving favorable news coverage?

Media stories about VEEV stock have trended somewhat negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Veeva Systems earned a news impact score of -1.8 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are some of Veeva Systems' key competitors?

What other stocks do shareholders of Veeva Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Veeva Systems investors own include Intact Financial (IFC), Constellation Software (CSU), NVIDIA (NVDA), Alibaba Group (BABA), Paypal (PYPL), AbbVie (ABBV), Palo Alto Networks (PANW), Micron Technology (MU), Netflix (NFLX) and salesforce.com (CRM).

Who are Veeva Systems' key executives?

Veeva Systems' management team includes the folowing people:
  • Peter P. Gassner, Chief Executive Officer & Director
  • Matthew J. Wallach, President
  • Mitch Wallace, Vice President-Operations
  • Timothy Stephen Cabral, Chief Financial Officer
  • Doug Ostler, Vice President-CRM Products & Technology

Who are Veeva Systems' major shareholders?

Veeva Systems' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.81%), FMR LLC (4.08%), First Trust Advisors LP (1.66%), Geode Capital Management LLC (0.90%), New York State Common Retirement Fund (0.85%) and Norges Bank (0.75%). 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 major investors are selling Veeva Systems stock?

VEEV stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Two Sigma Investments LP, Fiera Capital Corp, Los Angeles Capital Management & Equity Research Inc., Canada Pension Plan Investment Board, New York State Common Retirement Fund, Virginia Retirement Systems ET AL and DE Burlo Group Inc.. 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 major investors are buying Veeva Systems stock?

VEEV stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Millennium Management LLC, Two Sigma Advisers LP, Geode Capital Management LLC, Telemark Asset Management LLC, American Century Companies Inc. and Amundi Pioneer Asset Management Inc.. 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 $125.57.

How big of a company is Veeva Systems?

Veeva Systems has a market capitalization of $18.25 billion and generates $862.21 million in revenue each year. The technology company earns $229.83 million in net income (profit) each year or $1.24 on an earnings per share basis. Veeva Systems employs 2,171 workers across the globe.

What is Veeva Systems' official website?

The official website for Veeva Systems is http://www.veeva.com.

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)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  447 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  733
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.
This page was last updated on 3/26/2019 by MarketBeat.com Staff

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