Thursday, August 28, 2014 8:19:40 AM
Veeva Systems 08/26/14
My first earnings short-squeeze play is cloud-based software solutions provider Veeva Systems (VEEV) , which is set to release numbers on Thursday after the market close. Wall Street analysts, on average, expect Veeva Systems to report revenue of $69.28 million on earnings of 7 cents per share.
The current short interest as a percentage of the float for Veeva Systems is extremely high at 32.4%. That means that out of the 37.24 million shares in the tradable float, 12.09 million shares are sold short by the bears. This is a huge short interest on a stock with a relatively low tradable float. Any bullish earnings news could easily set off a monster short-squeeze that sends the bears scrambling to cover some of their bets.
From a technical perspective, VEEV is currently trending above its 50-day moving average and below its 200-day moving average, which is neutral trendwise. This stock recently spiked sharply higher back above its 50-day moving average with decent upside volume flows. That move has now pushed shares of VEEV within range of triggering a major breakout trade above some key near-term overhead resistance levels post-earnings.
If you're bullish on VEEV, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $24.80 to $25.08 a share and then above $26.34 a share with high volume. Look for volume on that move that registers near or above its three-month average volume of 998,267 shares. If that breakout hits post-earnings, then VEEV will set up to re-test or possibly take out its next major overhead resistance levels at $29.06 to $34 a share.
http://www.thestreet.com/story/12857487/2/5-stocks-set-to-soar-on-bullish-earnings.html?puc=yahoo&cm_ven=YAHOO
Recent VEEV News
- Veeva Vault QMS Adds Field Actions and Recall Management for Medtech • PR Newswire (US) • 09/24/2024 11:03:00 AM
- Veeva Vault QMS Adds Field Actions and Recall Management for Medtech • PR Newswire (US) • 09/24/2024 11:03:00 AM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/16/2024 07:37:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/16/2024 12:01:58 PM
- Major Release of Veeva Site Connect Streamlines Clinical Trial Execution for Sites and Sponsors • PR Newswire (US) • 09/05/2024 11:03:00 AM
- Major Release of Veeva Site Connect Streamlines Clinical Trial Execution for Sites and Sponsors • PR Newswire (US) • 09/05/2024 11:03:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/04/2024 08:06:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 09:56:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:56:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:55:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:52:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:49:57 PM
- Veeva to Present at Upcoming Investor Conference • PR Newswire (US) • 08/30/2024 05:45:00 PM
- Nvidia, HP, Okta, Pure Storage Drop Post-Earnings; Salesforce, Nutanix, Affirm Surge • IH Market News • 08/29/2024 10:09:21 AM
- Veeva Announces Fiscal 2025 Second Quarter Results • PR Newswire (US) • 08/28/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 08:04:57 PM
- U.S. Futures Edge Up as Nvidia Earnings Loom, Oil Prices Slide • IH Market News • 08/28/2024 09:52:22 AM
- New Service Center in Veeva Vault CRM Suite Unifies Sales and Service • PR Newswire (US) • 08/27/2024 11:03:00 AM
- New Service Center in Veeva Vault CRM Suite Unifies Sales and Service • PR Newswire (US) • 08/27/2024 11:03:00 AM
- Veeva Vault LIMS Gains Momentum as Companies Unify Quality Assurance and Quality Control • PR Newswire (US) • 08/22/2024 11:03:00 AM
- Veeva Vault LIMS Gains Momentum as Companies Unify Quality Assurance and Quality Control • PR Newswire (US) • 08/22/2024 11:03:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 09:10:16 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/21/2024 08:27:30 PM
- Life Sciences Community Advances Toward Next Phase of Innovation at Veeva R&D and Quality Summit • PR Newswire (US) • 08/13/2024 11:03:00 AM
- Veeva to Release Fiscal 2025 Second Quarter Results on August 28, 2024 • PR Newswire (US) • 08/07/2024 08:15:00 PM
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