Hot Stock Alert: Veeva Systems Inc. (NYSE: VEEV)

Note

On Friday, Shares of Veeva Systems Inc. (NYSE: VEEV) lost -0.77% to $127.83. The stock grabbed the investor’s attention and traded 1,429,199 shares as compared to its average daily volume of 1.30M shares. The stock’s institutional ownership stands at 91.50%.

Veeva Systems Inc. (VEEV), a leading provider of industry cloud solutions for the global life sciences industry, recently declared results for its fiscal fourth quarter and full year ended January 31, 2019.

Fiscal 2019 Fourth Quarter Results:

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  • Revenues: Total revenues for the fourth quarter were $232.30M, up from $186.00M one year ago, a boost of 25% year-over-year. Subscription services revenues for the fourth quarter were $190.70M, up from $152.00M one year ago, a boost of 25% year-over-year.
  • Operating Income and Non-GAAP Operating Income: Fourth quarter operating income was $63.00M, contrast to $38.50M one year ago, a boost of 64% year-over-year. Non-GAAP operating income for the fourth quarter was $84.30M, contrast to $55.20M one year ago, a boost of 53% year-over-year.
  • Net Income and Non-GAAP Net Income: Fourth quarter net income was $71.20M, contrast to $40.70M one year ago, a boost of 75% year-over-year. Non-GAAP net income for the fourth quarter was $71.10M, contrast to $37.80M one year ago, a boost of 88% year-over-year.

Fiscal Year 2019 Results:

  • Revenues: Total revenues for the fiscal year ended January 31, 2019 were $862.20M, up from $690.60M one year ago, a boost of 25% year-over-year. Subscription services revenues were $694.50M, up from $559.40M one year ago, a boost of 24% year-over-year.
  • Operating Income and Non-GAAP Operating Income: Fiscal year 2019 operating income was $222.90M; contrast to $157.90M one year ago, a boost of 41% year-over-year. Non-GAAP operating income for fiscal year 2019 was $305.90M, contrast to $219.20M one year ago, a boost of 40% year-over-year.
  • Net Income and Non-GAAP Net Income: Fiscal year 2019 net income was $229.80M; contrast to $151.20M one year ago, a boost of 52% year-over-year. Non-GAAP net income for fiscal year 2019 was $254.10M, contrast to $147.60M one year ago, a boost of 72% year-over-year.

Financial Outlook:

Veeva is providing guidance for its fiscal first quarter ending April 30, 2019 as follows:

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  • Total revenues between $238 and $239.0M.
  • Non-GAAP operating income between $85 and $86.0M. Non-GAAP fully diluted net income per share between $0.44 and $0.45.

VEEV has a market value of $18.55B while its EPS was booked as $1.57 in the last 12 months. The stock has 145.15M shares outstanding. In the profitability analysis, the company has gross profit margin of 71.60% while net profit margin was 26.70%. Beta value of the company was 1.69; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.10.

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