Veeva Systems Inc (NYSE: VEEV) has reported earnings for its second fiscal quarter (ending July 31) of $1.06 versus $0.70 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $3.82 versus $3.42 for the same period a year ago.
Recent Price Action
Veeva Systems Inc (NYSE: VEEV) stock declined slightly by -0.4% on 8/28/24. The stock closed at $199.35. Moreover, trading volume in this decline was above average at 140% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.9% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Veeva Systems has a neutral Power Rating of 41 and a slightly negative Appreciation Score of 37, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment