Veeva Shares Rise After Buyback Program of Up to $2 Billion

Dow Jones

01/07

By Chris Wack

Veeva Systems shares were 7% higher, at $235.89, after the company said its board of directors approved a share-repurchase program with authorization to buy up to $2 billion of its shares.

Under the program, the technology company said late Monday that it may repurchase shares from time to time through open-market purchases, in privately negotiated transactions, or by other means.

The timing and total amount of any stock repurchases will be determined at management's discretion and depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations, Veeva said.

The Pleasanton, Calif., company said the buyback has a term of two years, doesn't obligate Veeva to buy a specific number of shares, and may be canceled or suspended at any time without notice.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

January 06, 2026 13:09 ET (18:09 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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