Veeva: Q2, Robust Dev Cloud Growth, While Commercial Cloud Picks Up Steam
VEEVVeeva(VEEV) Seeking Alpha·2024-08-30 21:30

JHVEPhoto Introduction & Investment Thesis I last wrote about Veeva (NYSE:VEEV) in July, where I upgraded my rating from a "hold" to a "buy" as I believed that the company had started demonstrating early signs of revenue and earnings acceleration with strong momentum in its R&D Solutions segment. Although investor sentiment was dull around the time of my writing, I believed that it was likely related to the management revising their FY25 guidance lower in their Q1 earnings. Meanwhile, I thought the stock wa ...