VEEVA Systems shares are trading lower after the company issued Q4, FY24 and FY25 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
VEEVA Systems has issued Q4, FY24 and FY25 revenue guidance below estimates, causing its shares to trade lower.
November 09, 2023 | 3:29 pm
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VEEVA Systems' shares are trading lower due to the company's lower than expected revenue guidance for Q4, FY24, and FY25.
VEEVA Systems' lower than expected revenue guidance for Q4, FY24, and FY25 is a negative signal to investors, causing a decrease in the company's share price. This is because lower revenue guidance often indicates potential future financial difficulties, which can lead to a decrease in investor confidence and a subsequent drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100