What Happened?
Shares of healthcare software provider Veeva Systems (NASDAQ: VEEV) jumped 17.6% in the afternoon session after the company reported a "beat and raise" quarter (fiscal Q1 2026), with revenue and EPS exceeding estimates. Also, it provided optimistic EPS guidance for the next quarter, which blew past analysts' expectations. In addition, its full-year EPS guidance trumped Wall Street's estimates. Zooming out, we think this was a good print with some key areas of upside.
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What The Market Is Telling Us
Veeva Systems’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. Moves this big are rare for Veeva Systems and indicate this news significantly impacted the market’s perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 9.1% on the news that the company reported second-quarter earnings results. Revenue and operating profit beat expectations. Additionally, its gross margin improved compared to the same quarter last year. Finally, the company raised its full year revenue guidance, showing that topline momentum is strong.
On the other hand, its revenue guidance for next quarter underwhelmed. While it wasn't a perfect quarter, it was a pretty solid one.
Veeva Systems is up 31.8% since the beginning of the year, and at $277.55 per share, has set a new 52-week high. Investors who bought $1,000 worth of Veeva Systems’s shares 5 years ago would now be looking at an investment worth $1,268.
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