VEEV - Veeva Systems Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
144.32
-4.40 (-2.96%)
As of 12:40PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close148.72
Open148.00
Bid144.96 x 900
Ask145.04 x 1100
Day's Range144.29 - 149.16
52 Week Range79.26 - 176.90
Volume371,804
Avg. Volume1,521,734
Market Cap21.357B
Beta (3Y Monthly)1.22
PE Ratio (TTM)79.34
EPS (TTM)1.82
Earnings DateNov 26, 2019 - Dec 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est176.38
Trade prices are not sourced from all markets
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    Stock Market Today: What to Expect From the Federal Reserve

    It was another relatively quiet session in the stock market today. On Tuesday we saw the SPDR S&P 500 ETF (NYSEARCA:SPY) rally 0.3%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) jump 0.2% and the PowerShares QQQ ETF (NASDAQ:QQQ) climb 0.5%.That's as investors try to get positioned ahead of the Federal Reserve's announcement on Wednesday. It doesn't help that there's a quadruple witching day this Friday, one of four throughout the year, as we roll into the fourth quarter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Assets Moving Ahead of the FedWhile it's been a relatively calm Monday and Tuesday in the equity markets, the same cannot be said about financial markets over the past month.Earlier this month, we had the SPY, DIA and QQQ break out of their choppy trading ranges. Amid that breakout though, we had a deep correction in high-growth tech stocks like Roku (NASDAQ:ROKU), Alteryx (NYSE:AYX), The Trade Desk (NASDAQ:TTD), Veeva Systems (NYSE:VEEV) and many, many others.We recently caught a nice pullback both in gold and bonds after an absolutely explosive rally in the SPDR Gold Shares (NYSEARCA:GLD) and the iShares 20+ Treasury Bond ETF (NASDAQ:TLT). The latter's decline helped spring a potent rebound in bank stocks, by the way.Finally, how could we forget the move in crude oil. Following a drone strike in Saudi Arabia over the weekend, oil prices were skyrocketing. While they have come down off the highs, and with Saudi production expected to come fully back online in the coming weeks, crude is still up about 7.5% from its closing price last week.To say the Fed has a full plate is putting it lightly. What to Expect From the FedThere is now a greater chance of no rate cut on Wednesday than there is of a rate cut. This has not been the norm over the past few days or weeks, mind you.Currently, the Fed Funds futures are pricing in 52.7% probability the Fed does not raise interest rates tomorrow. The other 47.3% probability calls for a 25-basis point cut. Essentially, a coin flip. * 7 Momentum Stocks to Buy On the Dip Just a day ago, the figures stood at 37.7% probability of no cut and 62.3% chance of a cut. A week ago it was even more drastic. Participants were pricing in a greater than 92% chance the Fed cuts rates, with a less than 10% probability of no cut.Finally, a month ago, the market wasn't even pricing in the chances of no cut. Instead, it was expecting a cut of at least 25-basis points, while there was a 22.3% probability of a 50-basis point cut.Sorry for the deluge of statistics, but they underscore how much can change in a relatively short amount of time. It will be interesting to hear what Fed Chair Jerome Powell has to say about the economy and the recent fluctuations in various assets.With unemployment low and stocks near their highs, it's easy to make the case for "no cut." But if that's the course the Fed chooses, it will surely hear from a chorus of dovish detractors -- as well as President Donald Trump. Movers in the Stock Market TodayShopify (NYSE:SHOP) stock fell 2.7% after the company announced a 1.9 million share secondary offering. The deal is for Class A stock that priced at $317.50, raising just over $600 million for the company. The move comes as little surprise given that Shopify stock is still up roughly 140% in 2019 and after its recent $450 million acquisition.Following Disney's (NYSE:DIS) acquisition of Twenty-First Century Fox, the company is getting to work on its balance sheet. Disney is looking to deleverage a bit after digesting that big $71.3 billion deal, tendering more than $4.2 billion worth of notes. It increased its intended purchases as well.Micron (NASDAQ:MU) caught a price target boost from $55 to $65 at Cascend Securities. The analysts maintain a "buy" rating and believe MU has "good value" after evaluating the DRAM market. Shares ended the day higher by 1.4% at $50.84.Oh, and thank goodness the WeWork IPO is being shelved -- at least for a little while. We had some gripes about that one.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Stock Market Today: What to Expect From the Federal Reserve appeared first on InvestorPlace.

  • Business Wire

    Veeva Quality & Regulatory Summit to Feature Top Consumer Goods, Chemical, and Cosmetics Companies

    The event will be held on October 8, 2019 in Chicago and will feature industry experts from leading companies, including a keynote panel with Colgate-Palmolive, Unilever, and Syngenta sharing best practices to improve speed and agility across the product lifecycle.

  • GlobeNewswire

    Capital Market Laboratories (CMLviz) One-on-One Interview with Veeva Systems CFO - What took Veeva to a billion dollars will fuel the next several billion

    In an interview with Capital Market Laboratories (CMLviz), Chief Financial Officer of Veeva Systems (VEEV) Tim Cabral had a clear message: For Veeva, the opportunities are as big as they've ever been. The "Vault" suite of applications has only reached about ten percent of the addressable market in life sciences, and what took Veeva to a billion dollars will fuel the next several billion.

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  • Business Wire

    Veeva Announces Medical Device & Diagnostics Summit 2020

    Industry comes together to advance product development and stay ahead of changing regulations

  • Business Wire

    More Emerging Biopharma and CROs Adopting Veeva Vault CDMS

    2019 Veeva R&D Summit — An increasing number of emerging biopharma companies and leading contract research organizations (CROs) are adopting Vault CDMS from Veeva Systems (VEEV) to manage their clinical data. More life sciences organizations are using Veeva Vault CDMS for multiple clinical trials to drive greater speed and agility in study execution. Vault CDMS is a modern cloud application for clinical data management that combines EDC, coding, data cleaning, and reporting on a single cloud platform.

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  • GuruFocus.com

    Veeva Systems Inc (VEEV) CFO Timothy S Cabral Sold $6.7 million of Shares

    CFO of Veeva Systems Inc (30-Year Financial, Insider Trades) Timothy S Cabral (insider trades) sold 42,500 shares of VEEV on 09/04/2019 at an average price of $156.78 a share. Continue reading...

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  • GuruFocus.com

    Veeva Systems Inc (VEEV) EVP Global Sales Alan Mateo Sold $722,490 of Shares

    EVP Global Sales of Veeva Systems Inc (30-Year Financial, Insider Trades) Alan Mateo (insider trades) sold 4,530 shares of VEEV on 09/04/2019 at an average price of $159.49 a share. Continue reading...

  • Business Wire

    Veeva to Present at the Deutsche Bank 2019 Technology Conference

    Veeva Systems today announced that Tim Cabral, CFO, will present at the Deutsche Bank 2019 Technology Conference on Wednesday, September 11, 2019, at 9:20 a.m. Pacific time in Las Vegas.

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    Alvotech Selects Veeva Vault QMS to Modernize Quality Processes

    Veeva Systems (VEEV) today announced that Alvotech selected Veeva Vault QMS to streamline quality processes across the organization with improved efficiency and compliance. With Veeva Vault Quality Suite, Alvotech can reduce overhead while providing visibility into quality processes across the organization.

  • Business Wire

    OPKO Health Switches to Multichannel Veeva CRM to Drive More Effective Customer Engagement

    Veeva Systems (VEEV) today announced that OPKO Health (OPK), a diagnostic and pharmaceutical company, selected multichannel Veeva CRM to enable field teams to engage in relevant, timely, and compliant interactions with healthcare professionals (HCPs) through preferred channels. Veeva CRM gives OPKO Health the most advanced capabilities and complete customer insights. “Veeva CRM helps our field teams better understand our customers in real time so we can engage more effectively and efficiently in the right channel,” said Adria Parks-Herrera, senior marketing director at OPKO Health.

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  • Thomson Reuters StreetEvents

    Edited Transcript of VEEV earnings conference call or presentation 27-Aug-19 8:30pm GMT

    Q2 2020 Veeva Systems Inc Earnings Call

  • Veeva Stock Proves It’s Still Going Strong
    InvestorPlace

    Veeva Stock Proves It’s Still Going Strong

    Veeva Systems (NYSE:VEEV) just released its Q2 numbers and they were very good. The thing is, VEEV stock didn't really respond to its blowout earnings, revenue, and upbeat guidance.Source: IgorGolovniov / Shutterstock.com Why? Well, some of it has to do with the fact that VEEV stock is up 84% year to date. Analysts have been bullish on the niche cloud solutions provider for a while, so this great news didn't come from out of the blue.The stock is up over 1% today, but you need to bear in mind that VEEV stock is sporting a trailing PE of 89, so it's right in line with analysts' expectations. On the other hand, those expectations are high because VEEV has come to dominate a very important market sector.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Demand Boosts VEEV StockBasically, Veeva Systems has cloud-based software solutions for pharmaceutical, life sciences, and research companies that manage drug trials, research, as well as sales and distribution information. That includes content management systems that allow varied access of the sales side to the R&D side.Being able to share this highly proprietary data across an organization in a secure and efficient way is crucial. And building cloud-based systems specifically for the unique needs of this sector has allowed VEEV to build a groundswell of demand for its products.Remember that big pharmaceutical companies used to be vertically integrated behemoths, with massive internal structures. But increasingly, they have spun off divisions to companies that specifically focus on drug trials, product development, or manufacturing.All this subdivisions and subcontractors mean communications have become evermore important. And visibility is essential.According to a study by Johns Hopkins Bloomberg School of Public Health, drug trials alone cost about $19 million. But according to a study by Tufts Center for the Study of Drug Development, the total cost of getting a drug to market, including R&D, production, marketing, etc, is around $2.6 billion.That's why it's crucial for companies to manage their resources wisely. And one of the keys to that is having real time information at their fingertips. Resilient Healthcare Sector Solidifies VEEV StockAnother point to bear in mind here is that VEEV stock isn't really affected by the bigger global issues that are tugging on other stocks right now. The trade war with China and the Brexit furor don't really change its growth path.The only thing that may change its trajectory would be a significant global slowdown or U.S. recession. But even then, healthcare is one of the more resilient sectors, especially as the populations of major industrialized countries are getting older and relying on more medications to boost the quality of their older citizens.What's more, animal medicines are also in great demand. For example, the African Swine Flu is having a major effect on pork production in Europe and Asia. Drug therapies to stem this quickly rising tide of infections is vital to these economies.It's no surprise then that VEEV stock remains an A-rated stock in my Portfolio Grader.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post Veeva Stock Proves Ita€™s Still Going Strong appeared first on InvestorPlace.

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    Veeva Introduces Quality Risk Management in Vault QMS

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    Veeva Systems fell after undercutting its 50-day line on Friday. (VEEV, daily) volatile after earnings. Still in a base with a 177 flat base buy point.STOCK MARKET TODAY is sponsored by Interactive Brokers. To open an account, go to ibkr.com/whyib