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Stock impact report

Spotting Winners: Veeva Systems (NYSE:VEEV) And Vertical Software Stocks In Q3 [Yahoo! Finance]

Veeva Systems Inc. Class A (VEEV) 
Last veeva systems inc. class a earnings: 3/3 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Today, we are looking at vertical software stocks, starting with Veeva Systems (NYSE:VEEV). Software is eating the world, and while a large number of solutions such as project management or video conferencing software can be useful to a wide array of industries, some have very specific needs. As a result, vertical software, which addresses industry-specific workflows, is growing and fueled by the pressures to improve productivity, whether it be for a life sciences, education, or banking company. The 14 vertical software stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 3.7% while next quarter's revenue guidance was in line. While some vertical software stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.2% since the latest earnings results. Originally named "Verticals onDemand" before rebranding in 2009, Veeva Systems (NYSE:VEEV) provides cloud software, data solution Show less Read more
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