Veeva Systems Inc (VEEV) Issues FY15 Earnings Guidance
Veeva Systems Inc (NASDAQ:VEEV) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.30-0.31 for the period, compared to the Thomson Reuters consensus estimate of $0.27, AnalystRatingsNetwork reports. The company issued revenue guidance of $300-303 million, compared to the consensus revenue estimate of $281.98 million.Veeva Systems also updated its Q3 guidance to $0.08 EPS.
Veeva Systems Inc (NASDAQ:VEEV) traded down 0.99% during mid-day trading on Thursday, hitting $24.96. 1,544,860 shares of the company’s stock traded hands. Veeva Systems Inc has a 1-year low of $17.11 and a 1-year high of $49.00. The stock has a 50-day moving average of $23.54 and a 200-day moving average of $25.01. The company has a market cap of $3.190 billion and a price-to-earnings ratio of 150.96.
Veeva Systems (NASDAQ:VEEV) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $75.70 million for the quarter, compared to the consensus estimate of $69.28 million. The company’s quarterly revenue was up 52.6% on a year-over-year basis. On average, analysts predict that Veeva Systems Inc will post $0.27 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Veeva Systems from $34.00 to $30.00 in a research note on Friday, May 30th. They now have a buy rating on the stock. On a related note, analysts at Pacific Crest cut their price target on shares of Veeva Systems from $44.00 to $30.00 in a research note on Friday, May 30th. They now have an outperform rating on the stock. Finally, analysts at Morgan Stanley reiterated a buy rating on shares of Veeva Systems in a research note on Friday, May 30th. They now have a $30.00 price target on the stock, down previously from $34.00. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $29.40.
In other Veeva Systems news, major shareholder Maja Kristin sold 25,000 shares of Veeva Systems stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $22.30, for a total value of $557,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Veeva Systems Inc (NASDAQ:VEEV) which provides industry-specific, cloud-based software solutions for the life sciences industry.
Receive News & Ratings for Veeva Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veeva Systems Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.