VEEV Stock Recent News
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In the most recent trading session, Veeva Systems (VEEV) closed at $214.75, indicating a +1.43% shift from the previous trading day.
Zacks.com users have recently been watching Veeva (VEEV) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
PLEASANTON, Calif. , Jan. 13, 2025 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced participation in the following investor conference: 27th Annual Needham Growth Conference.
In the latest trading session, Veeva Systems (VEEV) closed at $217.75, marking a +0.21% move from the previous day.
Veeva share price has recently been battling concerns that Salesforce will become a more aggressive competitor and take meaningful market share in Veeva's CRM space. Veeva's financial performance remains strong with high non-GAAP operating margins and free cash flow margins around 40%, positioning it as a GARP investment. The company's strategy includes expanding its Data Cloud and developing horizontal applications, enhancing its comprehensive life sciences cloud offering.
Veeva saw its revenue and non-GAAP operating income grow 13% and 29% YoY in its Q3 FY25 earnings, beating estimates with ongoing momentum in its Development Cloud. The Development Cloud segment, now Veeva's largest revenue contributor, saw 24% YoY growth, driven by deepening adoption across clinical, safety, and quality areas. Despite analyst projections of slower growth, I believe Veeva will meet its $6B revenue target by 2030, supported by its robust product roadmap, genAI innovations, and a favorable macro backdrop.
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Zacks.com users have recently been watching Veeva (VEEV) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Veeva Systems (VEEV) settling at $217.02, representing a -0.14% change from its previous close.
Veeva (VEEV) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.