This software company beat analysts’ estimates by four cents last quarter, and it’s recently shown good momentum.
Veeva Systems (VEEV)
From Cabot Growth Investor
There are never any guarantees when it comes to the market, but right now, just about every time-tested measure we follow—from the market’s trends to the broad market’s health to rare blastoff signals to apathetic investor sentiment—tell us the path of least resistance is up. We’re bullish.
Veeva Systems (VEEV) continues to act well, and we have high hopes it will be a new leading stock in the market advance. The firm’s cloud software is a hit with the life sciences industry, and its new Vault content management software looks like a huge success for drug companies and many other industries, too.
The stock is taking a rest after briefly zooming to new highs following the Brexit shakeout. We think it’s a good buy around here.
Michael Cintolo, Cabot Growth Investor, www.cabot.net, 978-745- 5532, July 20, 2016