Your email has been successfully added to our mailing list.

×
-0.000488194567725961 -0.00104296112195994 -0.00208592224391975 -0.00297354873069419 -0.00377241256879115 0.000355050594709675 -0.00322297177347775 -0.00368808805254756
Stock impact report

Stifel Maintains Buy on Veeva (VEEV) Despite CRM Customer Migrations [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
Inc. (NYSE:VEEV), even as some big pharmaceutical customers shift away from its legacy CRM platform. Stifel sees these migrations as a small, manageable issue that won't derail Veeva's overall momentum. According to the analyst's assessment, Veeva currently serves 18 of the top 20 pharmaceutical companies with its CRM tools. However, Veeva now expects only 14 to migrate to the newer Veeva Vault CRM, down slightly from earlier hopes. CRM makes up about 20% of Veeva's total revenue (down from 25% two years ago), and the top 20 pharma clients represent roughly 50-60% of that CRM revenue segment. Stifel crunched the numbers and concluded that Veeva faces only a 2-3% revenue headwind over the next five years from these losses. The firm views the figure as minor and not material. Nonetheless, KeyBanc Capital Markets took a different direction in its update on Veeva on December 12. Scott Schoenhaus, the analyst in charge, downgraded Veeva from Overweight to Sector Weight. The analyst cit Show less Read more
Impact Snapshot
Event Time:
VEEV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
VEEV alerts

from News Quantified
Opt-in for
VEEV alerts

from News Quantified