Veeva Systems Inc (NYSE: VEEV) has reported earnings for its first fiscal quarter (ending April 30) of $1.00 versus $0.82 for the same period a year ago. E.P.S. were $3.46 for the latest four quarters through April 30 versus $3.30 for the same period a year ago.
Recent Price Action
Veeva Systems Inc (NYSE: VEEV) stock closed at $194.19 on 5/30/24 after a decline of -3.1%. Moreover, trading volume in this decline was exceptionally high at 234% of normal. The stock has declined -7.2% during the last week and has performed in line with 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 (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Veeva Systems has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 60, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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