Veeva Systems Inc (NYSE:VEEV) Notes Forward Movement


Dallas, Texas 04/28/2014 (FINANCIALSTRENDS) – Veeva Systems Inc (NYSE:VEEV) the Californian flavoured cloud-based solutions provider, with unique software solutions for a dedicated niche such as life sciences industry has been reporting steady forward movement, in terms of services it provides as well as the financial performance on the stock market.

Veeva Systems Inc (NYSE:VEEV)has been dealing with solution development for specifics of the cloud-based solutions. These include data, services, software, besides services for the life science studies across the world.

At last count, VEEV, was found to be serving clientele located in over 75 countries, numbering over 170 number of countries. The company is also found to be serving over 66% of the top 50 pharmaceutical companies in the world.

Insider Trading

Veeva Systems Inc (NYSE:VEEV)has in the past few weeks observed insider trading sessions of 55,000 shares by Director Young Sohn in the second week of April. Apparently, the stock was sold-off at prices equivalent to $21.57 with total value of the transaction at $1,186,350.00. In the stock shares have revised downwards to the tune of 5.96% in just the previous trading session. The stock has closed out at $19.74 per share, with the trading range for this stock currently in the range of $19.61 low and high of $20.85 high, for the Year to Date performance of -38.50%.

Financial overview at the stock markets

Veeva Systems Inc (NYSE:VEEV) has reported market capital of $4.65 billion reporting a profit to earnings ratio to the tune of 238.29. EPS for this stock is 0.08 and outstanding shares are to the tune of 235.53 million. The shares of this stock have opened at 20.70 at the start of the previous trading session.

VMware quarter results affect enterprise solution providers

However, most enterprise software solution providers have been effected by VMWare’s first quarter results. Nearly all of VMWare competitors from Citrix to VEEV saw a downward slide on the stock market to the tune of 4.3% at the end of session on April 23, 2014.