Verizon shares surged nearly 15% following a blowout quarterly report, only to stall at the level that had served as a peak in both March and August of last year. According to chart patterns, remorseful buyers who purchased at prior tops often place sell orders when prices return to those levels, creating significant supply pressure. This dynamic suggests the recent rally could mark another turning point, as anxious sellers may trim offers to avoid being undercut, triggering a potential pullback despite the company’s strong fundamentals.

On its Q4 earnings call, Verizon outlined a broad transformation plan under CEO Dan Schulman, who acknowledged a recent network outage and committed to a ‘‘turnaround’’ focused on reliability, customer experience and operational efficiency. CFO Tony Skiadas highlighted 616,000 postpaid phone net additions—the best quarterly result in several years—including 551,000 consumer lines, alongside 372,000 broadband adds (319,000 fixed wireless access and 67,000 fiber internet). Full-year adjusted EBITDA reached $50.0 billion, up 2.5%, and free cash flow was $20.1 billion. The Frontier acquisition integration now covers over 30 million fiber passings, with more than $1 billion of run-rate synergies expected by 2028—double prior estimates. Verizon guided to 750,000–1 million postpaid phone net adds in 2026, service revenue growth of 2%–3%, adjusted EPS of $4.90–$4.95, and free cash flow of at least $21.5 billion, while maintaining a dividend increase for the 20th consecutive year and authorizing $25 billion of share repurchases over three years.