Veeva Systems Inc Class A
VEEV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$966.00 | Fzwnt | Fzjkncpk |
Veeva Earnings: Caps Off the Year on Strong Footing With All Gears Turning in Right Direction
Wide-moat Veeva Systems reported fourth-quarter earnings that came in slightly ahead of our expectations. Total sales of $630 million were up 11.9% year over year as both the subscription and services businesses outperformed management’s expected numbers. After adjusting our near-term assumptions and baking in the time value of money, we slightly raise up our fair value estimate to $270 per share from $267.