Veeva Systems Inc. provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America. The company offers Veeva Commercial Cloud, a suite of software, data, and analytics solutions, which include Veeva customer relationship management (CRM) and Veeva Medical CRM, Veeva CLM, Veeva CRM Approved Email, Veeva CRM Engage, Veeva Align, Veeva CRM Events Management, Veeva Nitro, Veeva Andi, Veeva OpenData, Veeva Link, Veeva Network Customer Master, Veeva Crossix, Veeva Data Cloud, and MyVeeva for Doctors; and Veeva Vault, a cloud-based enterprise content and data management applications for managing commercial functions, including sales and marketing, and medical content and communications, as well as research and development functions, such as clinical, regulatory, quality, and safety. It also provides professional and support services in the areas of implementation and deployment planning and project management; requirements analysis, solution design, and configuration; systems environment management and deployment services; services focused on advancing or transforming business and operating processes related to Veeva solutions; technical consulting services related to data migration and systems integrations; training on its solutions; and ongoing managed services that include outsourced systems administration. The company was formerly known as Verticals onDemand, Inc. and changed its name to Veeva Systems Inc. in April 2009. Veeva Systems Inc. was incorporated in 2007 and is headquartered in Pleasanton, California.
IPO Year: 2013
Exchange: NYSE
Website: veeva.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $235.00 | Sector Perform | Scotiabank |
| 10/8/2024 | $286.00 | Outperform | Exane BNP Paribas |
| 8/27/2024 | $256.00 → $273.00 | Buy | Citigroup |
| 7/9/2024 | $240.00 | Buy | BTIG Research |
| 10/25/2023 | $211.00 → $229.00 | Equal Weight → Overweight | Wells Fargo |
| 10/13/2023 | $265.00 | Buy | Jefferies |
| 6/28/2023 | $181.00 | Equal-Weight → Underweight | Morgan Stanley |
| 6/1/2023 | $226.00 | Neutral → Buy | Guggenheim |
| 3/17/2023 | $205.00 → $195.00 | Buy → Hold | Truist |
| 2/23/2023 | Buy → Neutral | Guggenheim |
Scotiabank initiated coverage of Veeva Systems with a rating of Sector Perform and set a new price target of $235.00
Exane BNP Paribas initiated coverage of Veeva Systems with a rating of Outperform and set a new price target of $286.00
Citigroup reiterated coverage of Veeva Systems with a rating of Buy and set a new price target of $273.00 from $256.00 previously
BTIG Research initiated coverage of Veeva Systems with a rating of Buy and set a new price target of $240.00
Wells Fargo upgraded Veeva Systems from Equal Weight to Overweight and set a new price target of $229.00 from $211.00 previously
Jefferies initiated coverage of Veeva Systems with a rating of Buy and set a new price target of $265.00
Morgan Stanley downgraded Veeva Systems from Equal-Weight to Underweight and set a new price target of $181.00
Guggenheim upgraded Veeva Systems from Neutral to Buy and set a new price target of $226.00
Truist downgraded Veeva Systems from Buy to Hold and set a new price target of $195.00 from $205.00 previously
Guggenheim downgraded Veeva Systems from Buy to Neutral
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PLEASANTON, Calif., Nov. 14, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will announce financial results for its third quarter, which ended October 31, 2024, after market close on December 5, 2024. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com at approximately 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva Systems' Fiscal 2025 Third Quarter Results Conference Call Date: Thursday, December 5, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference Call Registr
Total Revenues of $676.2M, up 15% Year Over Year;Subscription Services Revenues of $561.3M, up 19% Year Over Year PLEASANTON, Calif., Aug. 28, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE:VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its second quarter ended July 31, 2024. "It was another quarter of great execution, with major product advances in clinical and CRM that position us well for the industry cloud opportunity we see ahead," said CEO Peter Gassner. "Thanks to the team's focus on product excell
PLEASANTON, Calif., Aug. 7, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will announce financial results for its second quarter, which ended July 31, 2024, after market close on August 28, 2024. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com approximately at 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva's Fiscal 2025 Second Quarter Results Conference Call Date: Wednesday, August 28, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference Call Registration: htt
Total Revenues of $650.3M, up 24% Year Over Year;Subscription Services Revenues of $534.0M, up 29% Year Over Year PLEASANTON, Calif., May 30, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE:VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its first quarter ended April 30, 2024. "Thanks to our customers and the Veeva team we had an excellent start to the year," said CEO Peter Gassner. "We made major progress in Development Cloud, Commercial Cloud, and Data Cloud." Fiscal 2025 First Quarter Results: Revenues(1
PLEASANTON, Calif., May 8, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will announce financial results for its first quarter, which ended April 30, 2024, after market close on May 30, 2024. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com approximately at 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva's Fiscal 2025 First Quarter Results Conference Call Date: Thursday, May 30, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference Call Registration: https://registr
Fiscal Year 2024 Total Revenues of $2,363.7M, up 10% Year Over Year;Q4 Total Revenues of $630.6M, up 12% Year Over Year Fiscal Year 2024 Subscription Services Revenues of $1,901.6M, up 10% Year Over Year;Q4 Subscription Services Revenues of $521.5M, up 13% Year Over Year PLEASANTON, Calif., Feb. 29, 2024 /PRNewswire/ -- Veeva Systems Inc. (NYSE:VEEV), a leading provider of industry cloud solutions for the global life sciences industry, today announced results for its fourth quarter and fiscal year ended January 31, 2024. "The fourth quarter was a strong finish to an important
PLEASANTON, Calif. , Feb. 6, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will announce financial results for its fourth quarter and full fiscal year, which ended January 31, 2024, after market close on February 29, 2024. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com approximately at 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva's Fiscal 2024 Fourth Quarter and Full Year Results Conference Call Date: Thursday, February 29, 2024 Time: 2:00 p.m. PT (5:00 p.m
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 leading provider of industry cloud solutions for the global life sciences industry, today announced results for its third quarter ended October 31, 2023. "It was another strong quarter as we advance the industry toward more efficient and effective ways of working, from drug development through commercialization," said CEO Peter Gassner. "We announced a number of new innovations, exp
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, 2023. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com approximately at 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva's Fiscal 2024 Third Quarter Results Conference Call Date: Wednesday, December 6, 2023 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference
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 leading provider of industry cloud solutions for the global life sciences industry, today announced results for its second quarter ended July 31, 2023. "We had a great quarter with progress across the board that was particularly significant in CRM and clinical," said CEO Peter Gassner. "Thanks to our customers for your partnership and to the Veeva team for your continued focus on cu
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Guggenheim analyst Jack Wallace maintains Veeva Systems (NYSE:VEEV) with a Buy and raises the price target from $211 to $233.
Needham analyst Ryan MacDonald reiterates Veeva Systems (NYSE:VEEV) with a Buy and maintains $260 price target.
Piper Sandler analyst Brent Bracelin maintains Veeva Systems (NYSE:VEEV) with a Overweight and lowers the price target from $235 to $225.
During the last three months, 15 analysts shared their evaluations of Veeva Systems (NYSE:VEEV), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 5 5 1 0 Last 30D 1 0 0 0 0 1M Ago 0 1 1 0 0 2M Ago 3 4 4 1 0 3M Ago 0 0 0 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $222.67, along with a high estimate of $260.00 and a low estimate of $173.00. A 7.44% drop is evi
BTIG analyst David Larsen initiates coverage on Veeva Systems (NYSE:VEEV) with a Buy rating and announces Price Target of $240.
Veeva Systems's (NYSE:VEEV) short percent of float has fallen 4.05% since its last report. The company recently reported that it has 2.09 million shares sold short, which is 1.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.45 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Veeva Systems (NYSE:VEEV) has outperformed the market over the past 10 years by 11.53% on an annualized basis producing an average annual return of 22.36%. Currently, Veeva Systems has a market capitalization of $29.56 billion. Buying $1000 In VEEV: If an investor had bought $1000 of VEEV stock 10 years ago, it would be worth $7,352.23 today based on a price of $182.85 for VEEV at the time of writing. Veeva Systems's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated cont
RBC Capital analyst Rishi Jaluria reiterates Veeva Systems (NYSE:VEEV) with a Outperform and maintains $250 price target.
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Reducing content approvals from more than four weeks and automating claims are key opportunities to drive speed to market PLEASANTON, Calif., Nov. 21, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced findings from the 2024 Veeva MedTech Commercial Benchmark survey revealing nearly 70% of medtech organizations rely on manual processes and homegrown applications to manage commercial content and claims. Without a purpose-built content management system, medtech commercial teams face go-to-market delays and growing compliance risk. Despite the importance of connectin
CRM Bot and Voice Control deliver GenAI-powered assistance in Vault CRM MADRID and PLEASANTON, Calif., Nov. 20, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced Vault CRM Bot and Vault CRM Voice Control, two new GenAI capabilities in Vault CRM. Unveiled at Veeva Commercial Summit Europe, CRM Bot and Voice Control join a host of new innovations coming to Vault CRM next year. With these new capabilities, companies can deploy AI that will have immediate value by boosting field productivity. CRM Bot embeds the large language model (LLM) of your choice into Vault CRM
PLEASANTON, Calif., Nov. 19, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced its new cloud-based digital Hazard Analysis and Critical Control Point (HACCP) solution. Delivering HACCP management as part of the Veeva QualityOne Suite will help food and beverage manufacturers streamline food safety and quality processes, improve visibility and control over critical risks, and enable proactive quality management and compliance globally. "We are honored to introduce this first-of-its-kind digital HACCP solution and further raise the bar for food safety," said Greg Ha
PLEASANTON, Calif., Nov. 14, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will announce financial results for its third quarter, which ended October 31, 2024, after market close on December 5, 2024. Veeva will host a conference call and webcast that day at 2:00 p.m. PT (5:00 p.m. ET) to discuss its financial results. Veeva will post prepared remarks to its investor relations website at https://ir.veeva.com at approximately 1:05 p.m. PT (4:05 p.m. ET). A webcast replay will be available on the website following the live event. Event: Veeva Systems' Fiscal 2025 Third Quarter Results Conference Call Date: Thursday, December 5, 2024 Time: 2:00 p.m. PT (5:00 p.m. ET) Conference Call Registr
Top biopharma company selects the next generation of CRM for life sciences as its commercial foundation for future expansion and launches PLEASANTON, Calif., Nov. 14, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced that Boehringer Ingelheim is the latest global top 20 biopharma company to commit to moving to Veeva Vault CRM. "We are excited to bring our innovative research to patients around the world with up to 25 new treatment launches by 2030. Veeva has been our global CRM standard for many years, and we are eager to build on our successful partnership and he
Synchronizing sales and marketing improves outcomes, yet 65% of field engagements are not PLEASANTON, Calif., Nov. 14, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today released its latest Veeva Pulse Field Trends Report, showing connected sales and marketing engagement helps biopharmas balance healthcare professionals' (HCPs) need for deep scientific information on complex medicines as they become more time-constrained. Data reveals synchronizing in-person engagements with promotional touchpoints improves education and increases treatment adoption. While HCPs have expectat
DEERFIELD, Ill. and PLEASANTON, Calif., Oct. 24, 2024 /PRNewswire/ -- Walgreens (NASDAQ:WBA), an integrated healthcare, pharmacy, and retail leader, and Veeva Systems (NYSE:VEEV) a leading provider of software, data, and services for the life sciences industry, today announced a long-term partnership to help life sciences companies improve patient outcomes. The partnership enriches Veeva Data Cloud products and allows Walgreens to better serve life sciences through access to Veeva Data Cloud and Veeva Clinical Platform. "As the front door to healthcare for most communities, Wa
PLEASANTON, Calif., Oct. 15, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) will host its investor day virtually on Thursday, November 7, 2024. The event will begin at 1:30 p.m. PT and will conclude at approximately 3:30 p.m. PT. Veeva will broadcast the presentations live on the company's investor relations website, ir.veeva.com, where a link to the archived webcast will also be available after the event. Event: Veeva Systems 2024 Investor Day Date: Thursday, November 7, 2024 Time: 1:30 p.m. PT (4:30 p.m. ET) Online event registration can be found on the company's investor relations website or directly at this link. Webcast: ir.veeva.com A
More than 125 medtech customers use Veeva applications for seamless execution across product development PLEASANTON, Calif., Oct. 2, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced that 18 of the top 20 medtech companies leverage Veeva Development Cloud and Veeva Commercial Cloud applications to streamline processes across the total medtech product lifecycle. Veeva MedTech enables more than 125 customers with deep industry expertise and technology from ideation to commercialization. With an increasing need to keep up with industry changes for faster time to market, medtech companies are moving to connected applications on a single cloud platform to execute key processes more e
New capabilities improve oversight, timeliness, and accuracy of field actions to ensure product quality and patient safety PLEASANTON, Calif., Sept. 24, 2024 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced the expansion of Veeva Vault QMS, adding new capabilities to manage medtech field actions and product recalls. The new features will enable oversight, timeliness, and accuracy throughout the field action process, from issue identification, evaluation, planning, execution, and monitoring through closure. "Our partnership with Veeva MedTech has allowed us to collabor
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PLEASANTON, Calif., Jan. 25, 2022 /PRNewswire/ -- Veeva Systems (NYSE:VEEV) today announced the appointments of Tim Cabral, Priscilla Hung, Tina Hunt, and Marshall Mohr to its board of directors. Veeva also announced Ron Codd will retire from the board at the end of his current term in June 2022. "We are pleased to welcome Tim, Priscilla, Tina, and Marshall, who bring a range of experience in life sciences and enterprise software to the Veeva board," said Veeva CEO Peter Gassner. "I would also like to thank Ron Codd for a decade of partnership and contributions to Veeva." Th
BARCELONA, Spain--(BUSINESS WIRE)--Veeva Systems (NYSE: VEEV) announced that in an overwhelming majority vote, 99% of voting shareholders support the company’s proposal to become a public benefit corporation (PBC), including the vast majority of Veeva’s largest shareholders. With shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC. As a PBC, Veeva will remain a for-profit corporation but will be legally responsible to balance the interests of multiple stakeholders, including customers, employees, partners, and shareholders. It will also broaden its certificate of inc
PLEASANTON, Calif.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads: VEEVA BECOMES FIRST PUBLIC COMPANY TO CONVERT TO A PUBLIC BENEFIT CORPORATION Aligns legal charter with company’s long-term view and commitment to all stakeholders, including customers, employees, and shareholders Proposal passes by landslide as Veeva garners widespread support for leading in stakeholder capitalism Veeva Systems (NYSE: VEEV) announced that in an overwhelming majority vote today, 99% of voting shareholders support the company’s proposal to become a public benefit corporation (PBC), including the vast majorit
PLEASANTON, Calif.--(BUSINESS WIRE)--Veeva Systems (NYSE: VEEV) announced that in an overwhelming majority vote today, 99% of voting shareholders support the company’s proposal to become a public benefit corporation (PBC), including the vast majority of Veeva’s largest shareholders. With today’s shareholder approval, Veeva will become a public benefit corporation on Feb. 1, 2021, making it the first publicly traded company and largest-ever to convert to a PBC. As a PBC, Veeva will remain a for-profit corporation but will be legally responsible to balance the interests of multiple stakeholders, including customers, employees, partners, and shareholders. It will also broaden its ce