Should You Buy Veeva Stock at Its All-Time High?
Shares of Veeva Systems (NYSE: VEEV) recently rose to all-time highs after its first-quarter earnings report impressed investors. The life science cloud services provider's revenue rose 38% annually to $337.1 million, beating estimates by $12.3 million.
Veeva's net income under generally accepted accounting principles (GAAP) rose 18% to $86.6 million, while its non-GAAP net income grew 34% to $105.2 million, or $0.66 per share, beating expectations by $0.07. Veeva's growth was impressive, but does this stock still have room after rallying roughly 230% over the past three years?
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Source Fool.com
