Is Veeva Systems Stock a Buy?
Veeva Systems' (NYSE: VEEV) stock price fell 5% following the release of the company's second-quarter earnings report on Sept. 1, even though the cloud-based services company beat analysts' estimates and raised its full-year guidance.
Veeva's revenue rose 29% year over year to $455.6 million, exceeding estimates by $4.7 million. Its adjusted net income increased 31% to $152.7 million, or $0.94 per share, which topped expectations by eight cents.
For the full year, Veeva expects its revenue and adjusted earnings to increase by 25% and 21%, respectively. It's raised its full-year top- and bottom-line guidance for three consecutive quarters.
Source Fool.com
