Fiber infrastructure deal with Google: Can Verizon stock extend gains?

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Verizon jumps 3.72% today to $45.48

Highlights

Verizon posted stronger-than-expected Q2 adjusted earnings of $1.30 per share and a record 40.1% EBITDA margin, signaling improved operational efficiency and profitability.
The company raised its full-year EPS outlook, expanded its share buyback program to up to $4.5 billion, and secured a $1 billion fiber deal with Google, supporting per-share growth and long-term revenues.
Technical signals show strong bullish momentum with overbought conditions; price expected to consolidate between $44.48 and $46.48, favoring continued upward movement.

Record margins and buyback expansion buoy sentiment after earnings beat

Verizon's stronger-than-expected adjusted earnings of $1.30 per share in the second quarter of 2026, along with a record 40.1% adjusted EBITDA margin, highlight improved operational efficiency and profitability, according to Finance Yahoo. The company’s upward revision of its full-year adjusted EPS outlook and the increase in its share buyback program to up to $4.5 billion further underpin demand for the stock by directly supporting per-share performance and tightening available float. Additionally, Verizon’s signing of a fiber infrastructure agreement with Google valued at over $1 billion, as well as continued robust subscriber growth and improved cash generation, supports the longer-term revenue outlook and reinforces positive market sentiment, with these developments reported by both Finance Yahoo and Tradingview.

Momentum risks short-term overextension as overbought signals cluster

On the technical side, VZ trades far above the MA-20, MA-50, and MA-200 on the H1 chart, confirming a constructive multi-timeframe setup. The Ichimoku Kijun at $44.17 marks immediate support. Indicators show MACD in a Buy configuration, ADX at Neutral, and RSI elevated at 68.97. Further, Stochastic RSI, CCI, and Bull/Bear Power all register overbought levels, signaling ongoing intraday buyer dominance. The Awesome Oscillator also flashes Buy, validating the strength of the current move. Overall, short-term momentum remains decisively tilted to the upside, but the clustering of overbought signals indicates risk of near-term exhaustion.

Range-bound consolidation expected as volatility underpins upside risk

In the near term, the expected price range is $44.48 to $46.48, reflecting a volatility band relative to current levels. There is a very high probability of continued upward movement, with the baseline scenario anticipating consolidation between support and resistance. A bullish breakout above $46.48 would mark renewed momentum, while a clear move below $44.17 support would indicate a downside scenario.

Anton Kharitonov, expert at Traders Union, sees the uptrend in Verizon as technically strong but vulnerable to a pullback. He notes that positive earnings and strategic deals have lifted sentiment but warns that overbought conditions may limit near-term upside. The analyst believes risk-reward is now less favorable and expects price to consolidate unless support at $44.17 is breached. "Until the overbought signals reset or $46.48 is broken with volume, I remain cautious on chasing further upside here."

Earlier, analysts noted that Verizon’s stock remained under medium-term pressure despite ongoing corporate initiatives and cost reductions. However, the latest earnings beat and strong technical breakout now signal a decisive shift toward upside momentum, making a move above $46.48 the key level for confirmation of sustained bullish sentiment.

Source of Data: VZ Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.