Veeva Systems Inc (NYSE: VEEV) has reported earnings for its third fiscal quarter (ending October 31) of $1.15 versus $0.84 for the same period a year ago — an increase of 37%. For the latest four quarters through October 31, E.P.S. were $4.13 versus $3.56 for the same period a year ago — an increase of 16%.
Recent Price Action
Veeva Systems Inc (NYSE: VEEV) stock closed at $231.66 on 12/5/24 after a decline of -2.6%. Moreover, unusually high trading volume at 190% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
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 consistent signals. Veeva Systems has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 53, triggering the Negative Value Trend Rating.
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.
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