We recently published 10 Big Names Ending January With Explosive Gains. Verizon Communications Inc. was one of the top performers on Friday.
Verizon extended its winning streak to a third day on Friday, jumping 11.82 percent to finish at $44.52 apiece as investor sentiment was bolstered by its highly optimistic outlook for 2026, coupled with a strong earnings performance last year.
In an updated report, Verizon Communications Inc. announced targets of retail postpaid phone net additions between 750,000 and 1 million this year, which is approximately 2 to 3 times higher than in 2025.
Photo by Karolina Grabowska on Pexels
Total mobility and broadband service revenues are projected to grow 2 to 3 percent to $93 billion.
Last year, Verizon Communications Inc. saw its attributable net income drop by 1.9 percent to $17.17 billion from $17.5 billion in 2024, while revenues jumped by 2.5 percent to $138.19 billion from $134.8 billion.
For the fourth quarter alone, attributable net income declined by 53.2 percent to $2.34 billion from $5 billion, while revenues inched up by 2 percent to $36.38 billion from $35.68 billion.
Postpaid phone net additions stood at 616,000, up 22 percent from 504,000 year-on-year, and so far the best quarter for the segment since 2019.
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This article is originally published at Insider Monkey.
