Veeva Systems (VEEV) Tops Q2 EPS by 7c

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Veeva Systems (VEEV) Tops Q2 Estimates and Guidance, Shares Still Sink but Firms Remain Positive

September 2, 2021 9:53 AM EDT

Shares of Veeva Systems (NYSE: VEEV) are down 6.6% in todays trading session despite the better-than-expected Q2 results.

Veeva Systems reported Q2 EPS of $0.94 to top the analyst estimate of $0.87. Revenue for the quarter came in at $455.6 million versus the consensus estimate of $451.93 million.

VEEV projects Q3 2022 revenue of $464 million to $466 million, higher than the consensus of $456.94 million. Full-year revenue is expected between $1.83 billion to $1.835 billion, versus the consensus of $1.82... More

Veeva Systems (VEEV) PT Raised to $385 at Needham & Company

September 2, 2021 6:31 AM EDT

Needham & Company analyst Ryan MacDonald raised the price target on Veeva Systems (NYSE: VEEV) to $385.00 (from $336.00) while maintaining a Buy rating.

The analyst commented, "We are reiterating our Buy rating, while raising our PT to $385, on Veeva Systems (VEEV) following a strong... More