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Verizon posts strong growth and raises guidance, remains a top income stock despite SpaceX Starlink competition.

Market News
31 Oct 2026, 15:45 WIB
Seeking Alpha
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Bullish
Verizon posts strong growth and raises guidance, remains a top income stock despite SpaceX Starlink competition.

Verizon delivered its best quarter in five years for postpaid net additions and raised its full-year earnings, free cash flow, and net additions guidance for the third time. Despite concerns about competition from SpaceX's Starlink, Verizon's strong execution and accelerated free cash flow support ongoing share buybacks and dividend growth. Trading at a forward multiple of 8.61x with improved growth prospects, Verizon offers attractive returns amid market fears, making it a compelling income investment opportunity.

Verizon shares are currently up 2.45% on Pluang, trading at USD 44.73 as of Oct 31, 2026 20:01 WIB. The stock shows strong investor interest with 98% buy orders and a dividend yield of 6.33%.

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