Suhail obviously got the news from somewhere and thought it was a big deal because of the name of Genetech, a big company. They hided this information and then spread secretly to others to short VEEV. After today's clarification from VEEV and said there is no impact at all to their forecast. That means they are going to have 40-50% growth for next Q and is profitable. To my view, the shadow is gone today and be aware the evil is still there.
"The financial impact of the expiration of the Genentech Agreement is reflected in Veeva's previously provided financial results and guidance. At no time in the last eight completed fiscal quarters was Genentech one of Veeva's top 20 customers, as measured by revenue in the quarter."
Anyone who doubts the significance of the report from Suhail yesterday, and who is looking to discredit their work, is either mischievous in the extreme, or too intellectually impaired to ever succeed as an investor.