Zacks Investment Research
VEON (VEON) Soars 6.6%: Is Further Upside Left in the Stock?
VEON Ltd. shares surged 6.6% to close at $73.97 following the announcement that Kazakhstan customers can now access Starlink Mobile for connectivity in areas without terrestrial coverage. The company expects strong quarterly earnings of $1.95 per share (+71.1% YoY) and revenues of $1.31 billion (+17% YoY). However, unchanged earnings estimate revisions over the past 30 days suggest caution about sustained momentum.
