Veeva's Earnings Beat: Why the Stock Dropped Anyway

Veeva Systems' stock surprisingly dipped despite exceeding earnings expectations, with investors seemingly wanting more than just a beat. Fueled by sector optimism from peers like MongoDB and Snowflake, the market's high bar wasn't met by Veeva's solid, but not spectacular, report. While the stock experienced an unusual drop, Veeva remains a stable player in life sciences cloud software, up 31% for the year. Hosted on Acast. See acast.com/privacy for more information.