Veeva Systems Inc. VEEV was a big mover last session, as the company saw its shares rise 5% on the day. The company reported adjusted earnings of 8 cents per share in the third quarter of fiscal 2016, missing the Zacks Consensus Estimate by a couple of cents. However, earnings improved 14.3% on a year-over-year basis, which led to solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has gained 14% in the past one-month time frame.
In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged over the same period. However, the recent price action is encouraging, so make sure to keep a close watch on this firm in the near future.
Veeva Systems currently has a Zacks Rank #3 (Hold).
An attractive player in the same industry includes Cvent, Inc. CVT carrying a Zacks Rank #1 (Strong Buy).
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