Veeva Systems Inc-Class A

Doximity shares surged 32.5% on Friday, boosting market cap by $1.2B, as investors focused on AI potential despite weaker profit guidance and mixed Q1 results.

Doximity (NYSE:DOCS) jumped 70% premarket after raising revenue guidance, but EBITDA forecast was cut. AI Search revenue expected in Q3, driving valuation optimism.

Veeva Systems beat Q1 estimates and raised its full-year outlook, but shares dipped 2.5% on ongoing concerns about AI monetization, services growth, and competitive pressures.

Veeva Systems shares declined 2.3% despite beating Q1 estimates and raising guidance, as investors assess AI spending and CRM migration risks.

Doximity shares tumbled 19% after hours as its fiscal 2027 revenue forecast of $664-$676 million fell well short of Wall Street estimates, overshadowing strong AI adoption metrics.

Veeva Systems shares jumped 10.5% to $172.29 after S&P Dow Jones Indices announced the company will join the S&P 500 on May 7, replacing Coterra Energy.

Veeva Systems exceeded analyst expectations for its fourth quarter, reporting revenue of $836 million and adjusted EPS of $2.06. The company also initiated a $2 billion stock buyback and forecast fiscal 2027 revenue approaching $3.6 billion.