Veeva Systems Inc. (VEEV)

NYSE: VEEV · IEX Real-Time Price · USD
172.95
-5.44 (-3.05%)
At close: Dec 7, 2023, 4:00 PM
172.50
-0.45 (-0.26%)
After-hours: Dec 7, 2023, 7:58 PM EST
-3.05%
Market Cap 28.66B
Revenue (ttm) 2.30B
Net Income (ttm) 566.84M
Shares Out 146.16M
EPS (ttm) 3.48
PE Ratio 49.70
Forward PE 32.59
Dividend n/a
Ex-Dividend Date n/a
Volume 2,913,684
Open 173.33
Previous Close 178.39
Day's Range 165.12 - 174.70
52-Week Range 157.00 - 225.49
Beta 0.79
Analysts Buy
Price Target 209.17 (+20.94%)
Earnings Date Dec 6, 2023

About VEEV

Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and data solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, an analytics platform for pharmaceutical brands; Veeva O... [Read more]

Sector Healthcare
IPO Date Oct 16, 2013
Employees 6,744
Stock Exchange NYSE
Ticker Symbol VEEV
Full Company Profile

Financial Performance

In 2022, Veeva Systems's revenue was $2.16 billion, an increase of 16.44% compared to the previous year's $1.85 billion. Earnings were $487.71 million, an increase of 14.11%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for VEEV stock is "Buy." The 12-month stock price forecast is $209.17, which is an increase of 20.94% from the latest price.

Price Target
$209.17
(20.94% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Veeva Announces Fiscal 2024 Third Quarter Results

Total Revenues of $616.5M, up 12% Year Over Year; Subscription Services Revenues of $494.9M, up 12% Year Over Year PLEASANTON, Calif. , Dec. 6, 2023 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a ...

1 day ago - PRNewsWire

Bayer Commits to Veeva Vault CRM and Veeva OpenData Globally

Establishes connected software and data foundation for the future with  next-generation life sciences CRM and harmonized customer data PLEASANTON, Calif. , Nov. 27, 2023 /PRNewswire/ -- Veeva Systems ...

10 days ago - PRNewsWire

Top Biopharma Commits to Veeva Vault CRM for Global Customer Engagement

GSK is one of the first industry adopters of the next-generation CRM as technology for commercial innovation PLEASANTON, Calif. , Nov. 27, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announc...

10 days ago - PRNewsWire

Veeva to Release Fiscal 2024 Third Quarter Results on December 6, 2023

PLEASANTON, Calif. , Nov. 15, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) will announce financial results for its third quarter, which ended October 31, 2023, after market close on December 6, 202...

22 days ago - PRNewsWire

New Research Finds 87% of Medtechs Lack Consistent Methods to Share Product Information Across Global Regulatory Teams

Growing regulatory complexity driving need for a single source of regulatory information PLEASANTON, Calif. , Nov. 15, 2023 /PRNewswire/ -- Most medtech companies (87%) can't seamlessly exchange produ...

22 days ago - PRNewsWire

Veeva Pulse Shows Doctors Opening Up Two-Way Communications Doubles Digital Engagement

HCPs initiate 30% of conversations when field teams provide compliant chat as a channel New channel puts reps closer to the moment of need with doctors and their patients PLEASANTON, Calif. , Nov. 9, ...

4 weeks ago - PRNewsWire

Veeva to Host Virtual Investor Day on Nov. 9, 2023

PLEASANTON, Calif. , Oct. 5, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) will host its investor day virtually on Thursday, November 9, 2023.

2 months ago - PRNewsWire

LEO Pharma Connects Affiliates with Veeva Vault Safety to Transform Safety Operations

Medical dermatology leader eliminates data silos and gains real-time oversight PLEASANTON, Calif. , Oct. 3, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that LEO Pharma, a global le...

2 months ago - PRNewsWire

New Batch Release Application for Life Sciences Manufacturing to Speed Time-to-Market and Reduce Cost

Veeva Vault Batch Release will automate data aggregation, reviews, and traceability for greater efficiency and accuracy PLEASANTON, Calif. , Sept. 13, 2023 /PRNewswire/ -- 2023 Veeva R&D and Quality S...

3 months ago - PRNewsWire

Veeva Introduces Study Portal and VeevaID to Streamline Research Site Trial Execution

Sites will be able to easily access systems across multiple sponsors and studies for increased efficiency and speed PLEASANTON, Calif. , Sept. 13, 2023 /PRNewswire/ -- 2023 Veeva R&D and Quality Summi...

3 months ago - PRNewsWire

Veeva to Present at Upcoming Investor Conference

PLEASANTON, Calif. , Sept. 1, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced participation in the following investor conference: Citi 2023 Global Technology Conference, New York, NY.

3 months ago - PRNewsWire

Revolutionizing Clinical Data Management: How Veeva Systems Is Changing the Game

Veeva Systems Inc. ( VEEV , Financial) has reported strong financial results for the second quarter of 2024, easily exceeding revenue and earnings estimates. The company's performance in the second qu...

3 months ago - GuruFocus

Veeva Clinical Database Crosses 200 Study Milestone, Cuts Time to Aggregate and Clean Study Data by 30-50%

Next-generation clinical data application harmonizes data for efficiency and speed PLEASANTON, Calif. , Aug. 31, 2023 /PRNewswire/ -- Veeva Clinical Database (CDB) enables innovative ways of managing ...

3 months ago - PRNewsWire

Veeva Announces Fiscal 2024 Second Quarter Results

Total Revenues of $590.2M, up 10% Year Over Year; Subscription Services Revenues of $470.6M, up 10% Year Over Year PLEASANTON, Calif. , Aug. 30, 2023 /PRNewswire/ -- Veeva Systems Inc. (NYSE: VEEV), a...

3 months ago - PRNewsWire

Veeva Announces First Customer Win and April 2024 Availability for Vault CRM - the Next Generation of CRM for Life Sciences

Major product and customer milestones signal progress toward the future of CRM for life sciences PLEASANTON, Calif. , Aug. 28, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced two major...

3 months ago - PRNewsWire

Veeva Vault LIMS to Support Civica Rx Quality Control

Nonprofit generic drug manufacturer building foundation for end-to-end quality management PLEASANTON, Calif. , Aug. 22, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that Civica Rx (...

3 months ago - PRNewsWire

Veeva R&D and Quality Summit Brings Together Biopharma Leaders to Accelerate Innovation

Amgen, Bristol Myers Squibb, Daiichi Sankyo, Merck, and Takeda keynote leading life sciences event for learning and collaboration PLEASANTON, Calif. ,  Aug. 17, 2023  /PRNewswire/ -- Veeva Systems (NY...

4 months ago - PRNewsWire

Veeva to Release Fiscal 2024 Second Quarter Results on August 30, 2023

PLEASANTON, Calif. , Aug. 8, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) will announce financial results for its second quarter, which ended July 31, 2023, after market close on August 30, 2023.

4 months ago - PRNewsWire

Veeva Pulse Uncovers Field Medical Engagement Drives 1.5x Increase in Treatment Adoption

Opportunity for broader impact as 70% of key opinion leaders interact with only one biopharma PLEASANTON, Calif., July 26, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today revealed findings of fi...

4 months ago - PRNewsWire

Merck KGaA, Darmstadt, Germany Partners with Veeva to Transform Medical Information Operations Globally

Streamlines end-to-end inquiry management at scale with Veeva Vault MedInquiry PLEASANTON, Calif. , July 12, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced that Merck KGaA, Darmstadt,...

5 months ago - PRNewsWire

St. Cloud State University and Veeva Partner to Deliver Real-World Clinical Technology Experience to Medtech Students

University incorporating Veeva Vault eTMF into Applied Clinical Research Program ST. CLOUD, Minn.

5 months ago - PRNewsWire

Veeva Business Consulting Expands with New R&D Services

Customers gain industry expertise, data, and best practices to streamline product development PLEASANTON, Calif. , June 6, 2023 /PRNewswire/ --  2023 Veeva R&D and Quality Summit, Europe — Veeva Syste...

6 months ago - PRNewsWire

Veeva to Present at Upcoming Investor Conferences

PLEASANTON, Calif. , June 5, 2023 /PRNewswire/ -- Veeva Systems (NYSE: VEEV) today announced participation in the following investor conferences: William Blair 43rd Annual Growth Stock Conference, Chi...

6 months ago - PRNewsWire

More Than 450 Companies Adopt Veeva Vault eTMF for Improved Trial Efficiency and Inspection Readiness

Companies modernizing TMF management to drive automation and speed PLEASANTON, Calif. , June 5, 2023 /PRNewswire/ -- As the industry advances clinical operations, adopting applications on a unified pl...

6 months ago - PRNewsWire

Veeva stock rallies after cloud company's quarterly profit, revenue surpass forecasts

Shares of Veeva Systems Inc. VEEV rallied more than 7% in the extended session Wednesday after the cloud-software company focused on life sciences reported fiscal first-quarter earnings and revenue ab...

6 months ago - Market Watch