Veeva Systems Cl A Demonstrates Market Leadership with Jump to 81 RS Rating
June 24, 2023
🌥️Trending News
Veeva Systems ($NYSE:VEEV) Cl A, a cloud-based enterprise software provider for the life sciences industry, demonstrated its market leadership on Wednesday with a jump in its Relative Strength Rating from 77 to 81. An RS Rating of 81 is an excellent sign for investors looking for the best stocks to buy. Veeva Systems is one of the fastest growing software companies in the world, providing innovative solutions to life sciences organizations helping them drive better business outcomes. The company has a strong portfolio of products and services that are helping customers accelerate their digital transformation. Veeva Systems also offers an integrated suite of cloud-based applications and services to help customers improve their customer engagement, reduce costs, and increase operational efficiencies.
Veeva Systems has been consistently rated as a top performer in the software-as-a-service industry due to its comprehensive offerings and high customer satisfaction. The company’s powerful product suite enables organizations to quickly adapt to changing business needs, and its customer service and support team are highly rated for its responsiveness and expertise. Investors should take note of Veeva Systems’ impressive market leadership and consider it a strong candidate for their portfolios.
Share Price
VEEVA SYSTEMS Cl A (VEEV) demonstrated its market leadership on Wednesday, when the stock opened at $201.4 and closed at $202.7, representing an increase of 0.2% from its prior closing price of 202.4. The 81 RS Rating indicates this strong performance, making VEEVA SYSTEMS one of the top-performing stocks in the market. Its products are used by many of the largest pharmaceutical and biotech companies in the world, who rely on VEEVA SYSTEMS for its cloud solutions. With its technology solutions, VEEVA SYSTEMS is able to provide its clients with greater efficiency and flexibility, allowing them to stay competitive in an increasingly competitive market.
In addition to its strong performance in the market, VEEVA SYSTEMS is also known for its commitment to sustainability and social responsibility. The company has developed initiatives to reduce its carbon footprint and promote diversity and inclusion in the workplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Veeva Systems. More…
| Total Revenues | Net Income | Net Margin |
| 2.18k | 519.11 | 23.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Veeva Systems. More…
| Operations | Investing | Financing |
| 805.38 | -926.59 | -22.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Veeva Systems. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.02k | 1.08k | 24.61 |
Key Ratios Snapshot
Some of the financial key ratios for Veeva Systems are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.1% | 9.1% | 18.1% |
| FCF Margin | ROE | ROA |
| 37.0% | 6.4% | 4.9% |
Analysis
At GoodWhale, we have conducted a deep dive analysis of VEEVA SYSTEMS‘s financials. Our Risk Rating indicates that VEEVA SYSTEMS is considered to be a medium risk investment in terms of both financial and business aspects. We have also detected a single risk warning in the non-financial aspects of VEEVA SYSTEMS, so we encourage you to register with us to find out more. With our comprehensive analysis, you can make informed decisions about whether or not to invest in VEEVA SYSTEMS. More…
Peers
The company’s competitors include ORHub Inc, Essence Information Technology Co Ltd, and Xybion Digital Inc.
– ORHub Inc ($OTCPK:ORHB)
CrowdStrike Holdings, Inc. is an American cybersecurity technology firm headquartered in Sunnyvale, California. It provides endpoint security, threat intelligence, and cyber attack response services. The company was founded in 2011 by George Kurtz and Dmitri Alperovitch.
– Essence Information Technology Co Ltd ($SHSE:688555)
Essence Information Technology Co Ltd is a Chinese company that provides information technology services. It has a market cap of 1.01B as of 2022 and a Return on Equity of -2.84%. The company offers services in areas such as cloud computing, big data, and artificial intelligence.
– Xybion Digital Inc ($TSXV:XYBN)
Xybion Digital Inc is a publicly traded company with a market capitalization of $157.07 million as of 2022. The company has a negative return on equity of 12.47% and is involved in the digital media industry. Xybion Digital Inc owns and operates a number of online properties, including social media, video, and email platforms. The company has a strong presence in the United States, Canada, and Europe.
Summary
Veeva Systems Cl A has recently been making strides in the stock market, with an impressive jump in its Relative Strength Rating to 81. This suggests that Veeva is a top stock to consider for investors looking for strong performance. Analysts are bullish on the company’s prospects, noting the robust product portfolio, continued investments in research and development, and a focus on customer success. With an expanding customer base and multiple industry awards, Veeva is an attractive option for those looking for a high-performing, well-rounded investment.
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
