VEEV Stock Recent News

PLEASANTON, Calif. , May 8, 2024 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) will announce financial results for its first quarter, which ended April 30, 2024, after market close on May 30, 2024.

Veeva Systems (VEEV) concluded the recent trading session at $203.14, signifying a -0.15% move from its prior day's close.

Veeva Systems is an under-the-radar stock with impressive revenue growth and profitability in the life sciences software industry. The company's business model relies on subscription revenues, providing opportunities for cross-selling and high retention rates. VEEV holds around 16% of the global life sciences software market and has a more efficient and scalable business model compared to the industry's biggest name, IQVIA.

Veeva Systems (VEEV) reachead $201.58 at the closing of the latest trading day, reflecting a +0.33% change compared to its last 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.

Veeva (VEEV) announces the Veeva AI Partner Program, which is expected to provide partners assistance to combine Generative AI solutions with Veeva Vault applications.

Veeva Systems (VEEV) closed the most recent trading day at $201.10, moving +1.02% from the previous trading session.

Veeva Systems is performing well and demonstrating strong management execution, making it a buy. The company's R&D solutions and Veeva Vault CRM migration are key factors for future growth. Veeva's business model is resilient, and it has a strong competitive advantage over competitors like IQVIA and Google/Microsoft in the healthcare industry.

Veeva (VEEV) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

The latest trading day saw Veeva Systems (VEEV) settling at $211.19, representing a +0.13% change from its previous close.