Is Veeva Systems Stock a Buy?
Shares of Veeva Systems (NYSE: VEEV), a provider of cloud services for life science companies, have surged nearly 90% over the past 12 months. Let's delve deeper into Veeva, examine the bullish and bearish cases, and see if its stock is still worth buying after its year-long rally.
Veeva was co-founded by Peter Gassner, Salesforce's (NYSE: CRM) former SVP of Technology, who saw a market opportunity in providing dedicated cloud services to biotech and pharmaceutical companies.
It offers two main products: Veeva Commercial Cloud, which offers CRM (customer relationship management) services, data analytics applications, and other related services; and Veeva Vault, a unified suite of cloud-based enterprise content and data management applications.
Source Fool.com
