Veeva Systems (VEEV) in Focus: Stock Tumbles 8.0%

Zacks

Veeva Systems Inc. (VEEV) saw a big move last session, as the company’s shares fell more than 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for VEEV as the stock is now up around 13.8% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

VEEV currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include China Mobile Games and Entertainment Group Limited (CMGE), j2 Global, Inc. (JCOM) and Model N, Inc. (MODN). All these stocks hold a Zacks Rank #1 (Strong Buy).

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VEEVA SYSTEMS INC (VEEV): Free Stock Analysis Report

CHINA MOBILE GAMES AND ENTERTAIN (CMGE): Free Stock Analysis Report

J2 GLOBAL INC (JCOM): Free Stock Analysis Report

MODEL N INC (MODN): Free Stock Analysis Report


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