Alert: New Earnings Report (12/6/23)-Veeva Systems Inc (NYSE: VEEV).


Veeva Systems Inc (NYSE: VEEV) has reported earnings for its third fiscal quarter (ending October 31) of $0.84 versus $0.70 for the same period a year ago — an increase of 20%. For the latest four quarters through October 31, E.P.S. were $3.56 compared to $2.56 a year ago — an increase of 39%.


Recent Price Action

Veeva Systems Inc (NYSE: VEEV) stock closed at $178.39 on 12/6/23 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 214% of normal. The stock has risen 2.1% during the last week and has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

VEEV is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Veeva Systems has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Veeva Systems has a slightly negative Appreciation Score of 32 but a good Power Rating of 79, triggering the Neutral Value Trend Rating.

Rating Review

In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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