Is Veeva Systems Still a Good Stock to Buy?

When is a good thing no longer a good thing? Veeva Systems (NYSE: VEEV) has nearly tripled revenues and earnings over the past five years, but the stock's getting beaten down so badly that investors are starting to wonder if it's still a smart buy. 

From the time it went public in 2013 and into 2021, Veeva Systems was a top-performing cloud stock. It's down around 50% from the peak it reached last year, and its earnings report for its fiscal quarter ended July 31 didn't inspire a rally. In fact, it led just about every Wall Street analyst who follows the company to lower their expectations.

Is it time to cut this stock loose, or could its best days still be up ahead? Let's look at more than just the headline numbers to see if the cloud services provider still belongs in your portfolio.

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Source Fool.com