Veon Ltd’s shares reached a 52-week high of $63.44 on Wednesday, reflecting an 11.6% gain over the past year and a 19% increase year-to-date.
The telecommunications company reported second-quarter revenue of $1.27 billion, a 17% rise year-over-year, alongside an 88% jump in earnings per share. Gross profit margin remained robust at 87%, while digital revenue surged 53.6% to $342 million.
Veon also provided a 2026 financial outlook, projecting revenue growth of 15% to 18% and EBITDA growth of 9% to 12%. The company cited strong cash generation and accelerated digital growth as key drivers behind its performance.
InvestingPro analysis indicated the stock remains undervalued at current levels, offering 11 additional ProTips and comprehensive research reports covering Veon and more than 1,400 other U.S. equities.
