5 Reasons Veeva's Stock Is Trading Near Its All-Time High
Shares of Veeva Systems (NYSE: VEEV), which provides cloud services to life science companies, recently hit an all-time high after the company released its second-quarter earnings report. Let's examine the five main reasons Veeva attracted the bulls, and why its stock could still head higher after doubling so far this year.
In the second quarter, Veeva's revenue rose 33% year-over-year to $353.7 million, beating expectations by $13.7 million. Within that total, its subscription revenue rose 30% to $283.5 million as its professional services and other revenue grew 42% to $70.2 million.
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Source Fool.com
