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, data solutions, and master data management solutions; and Veeva Vault, a cloud-based enterprise content management applications for managing commercial functions, including medical, sales, and marketing, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also 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
Current SymbolNYSE:VEEV
Previous Symbol
CUSIPN/A
Phone925-452-6500
Debt
Debt-to-Equity RatioN/A
Current Ratio5.00
Quick Ratio3.91
Price-To-Earnings
Trailing P/E Ratio100.12
Forward P/E Ratio77.40
P/E Growth3.89
Sales & Book Value
Annual Sales$685.57 million
Price / Sales19.27
Cash Flow$1.1362 per share
Price / Cash Flow81.07
Book Value$7.94 per share
Price / Book11.60
Profitability
EPS (Most Recent Fiscal Year)$0.92
Net Income$141.96 million
Net Margins23.61%
Return on Equity15.51%
Return on Assets11.85%
Miscellaneous
Employees2,171
Outstanding Shares143,440,000
Market Cap$12.97 billion
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) issued its earnings results on Wednesday, November, 28th. The technology company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The technology company had revenue of $224.70 million for the quarter, compared to analyst estimates of $216.04 million. Veeva Systems had a return on equity of 15.51% and a net margin of 23.61%. The business's revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. 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 issued an update on its fourth quarter earnings guidance on Wednesday, November, 28th. The company provided earnings per share guidance of $0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $226-227 million, compared to the consensus revenue estimate of $221.88 million.Veeva Systems also updated its FY 2019 guidance to $1.58-1.58 EPS.
What price target have analysts set for VEEV?
15 analysts have issued 1 year target prices for Veeva Systems' shares. Their forecasts range from $70.00 to $120.00. On average, they expect Veeva Systems' stock price to reach $104.9286 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for Veeva Systems.
What is the consensus analysts' recommendation for Veeva Systems?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veeva Systems in the last year. There are currently 4 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 outperformed its industry in a year’s time. The company’s solid performance by Subscription business buoys optimism. Furthermore, Veeva Systems continues to benefit from its flagship Vault platform. The company’s unique solutions include Veeva Vault, Veeva CRM, Veeva Network and Veeva OpenData. Veeva Systems’ new CRM Sunrise UI and Nitro look promising as well. In Europe, Veeva Systems had its first top 20 biopharmaceutical win for Veeva Vault QualityDocs. Moreover, the company is confident about growth in new markets with products like EDC, Safety, Nitro and Vault. A significant expansion in the company’s margins is also indicative of brighter prospects. 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." (8/29/2018)
- 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 headlines about VEEV stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Veeva Systems earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Veeva Systems' key competitors?
Some companies that are related to Veeva Systems include Activision Blizzard (ATVI), ServiceNow (NOW), Dassault Systemes (DASTY), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), CA (CA), Check Point Software Technologies (CHKP), Shopify (SHOP), Splunk (SPLK), Citrix Systems (CTXS), Symantec (SYMC), Synopsys (SNPS), ANSYS (ANSS) and Cadence Design Systems (CDNS).
Who are Veeva Systems' key executives?
Veeva Systems' management team includes the folowing people:
- Mr. Peter P. Gassner, Founder, CEO & Director (Age 53)
- Mr. Matthew J. Wallach, Co-Founder & Pres (Age 46)
- 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)
Who are Veeva Systems' major shareholders?
Veeva Systems' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Morgan Stanley (8.67%), Vanguard Group Inc (7.74%), BlackRock Inc. (5.38%), Federated Investors Inc. PA (2.62%), FMR LLC (2.53%) and William Blair Investment Management LLC (1.86%). 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 Morgan Stanley, Wells Fargo & Company MN, Deutsche Bank AG, Federated Investors Inc. PA, First Trust Advisors LP, Los Angeles Capital Management & Equity Research Inc., Scout Investments Inc. and Mitsubishi UFJ Trust & Banking Corp. 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 bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Winslow Capital Management LLC, Franklin Resources Inc., FMR LLC, Canada Pension Plan Investment Board, Acadian Asset Management LLC, Penserra Capital Management LLC and Yale University. 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 $92.11.
How big of a company is Veeva Systems?
Veeva Systems has a market capitalization of $12.97 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.
What is Veeva Systems' official website?
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.
