What happened with $VEEV (Veeva Systems Inc A) today?
by article:
"Shares of healthcare software provider Veeva Systems (NASDAQ:VEEV) fell 7.3% in the morning session after the company revised its financial projections downward. Management cited a challenging macro environment, lower-than-expected services revenue, and the Inflation Reduction Act as reasons for the revised guidance. As a result, the company lowered its fiscal year 2024 revenue guidance by about $15 million. It now expected Q3’24 revenue at $616M from $614M–$616M. Full-year fiscal year 2024 guidance for subscription revenue and non-GAAP operating income are expected to be in line to slightly above the prior guidance. For fiscal year 2025, Veeva is shaving off $50m from its top-line revenue projection and expects at least 2.75B in revenue, down from at least $2.8B. On a more positive note, Veeva said it remains on track to meet its long-term goal of $3 billion revenue run-rate, about one year ahead of the target"
I do remain bullish on this stock and we will increase our position of 1,23%.
The choice is due to its wide moat and incomparable leadership in the business as $IQV (IQVIA Holdings Inc.) and Medidata have a little share in the addressable market.
Thanks for the attention,
Have a good one.
Andrea... Show More
