I am long this company but I think if anyone was going to buy them out they would have done it before they went public. They could have offered $25 a share and the founders would have gotten an extra $5 a share. Now they would have to pay $50 to $70 a share to buy. I still see this over $50 a share in the next 6-8 months just because of its potential as a stand alone company.
I don't know why Yahoo Finance shows VEEV earning only .04 instead of.07, they seem to be using GAAP instead of NON-GAAP which isn't a fair comparison. That shows VEEV missing estimates when they actually beat.
After the earnings and forecast I never expected this to fall this much. I think there is huge potential for this company and know that is shown in the valuation. People that compare this valuation with a company like MSFT are crazy. The earnings for VEEV can easily triple or quadruple over the coming year and for a young company to show any earnings at all shows how well this is run. There are many IPO,s that don't show earnings for years. I don't think you can go wrong holding this and see where it is in 6 to 8 months.
It looks like we finally are getting some positive news, "The 2014 report shows Veeva was the only software provider to increase its position, climbing four places, and is now fourth ranked overall". It would be scarey to be short this stock now.
Any good news will pop this back into the $40's but any "REAL" news that is negative can drop it to the $20's. I am betting that we will get good news and I would not be short on this stock
As far as technicals you would be right except this closed above $31.50 which pretty much makes that the floor. A one time event doesn't make a trend.
So two analysts that follow the stock say its just fine and one questionable article says maybe not, yea I think I will hold on to it here
If nothing else maybe this will get rid of all the sellers and this will stabilize. I'm beginning to think that maybe some one is using seeking alpha to acquire this stock, it seems after it runs down there is a lot of buying to bring it back up
It is just amazing how consistent Seeking Alpha is with their news articles. When ever the stock starts going up they write a negative article that seems to only be posted on Yahoo. None of my other news feeds ever mention their articles. I would think if they weren't shorting this stock then they would write their opinion and move on to something else. I would think if VEEV lost its main costumer and was going to $5 a share someone else would write about it also
The fact that this stock bounced off $31.50 twice means there is a good chance it has bottomed. It seems to want to finish green today and with Seeking Alpa doing all it can to bring it down that too is a good sign.