VEON
VEON Ltd.
NasdaqGSUSDEQUITY
Communication Services
DELAYED
Last price
59.38
▲ 2.95 (5.23%)
MARKET · —
Price
Too many bars for candle bodies at this width — showing high/low range per bar. Zoom in or pick a shorter range.
Open
56.42
Prev close
56.43
Day high
59.80
Day low
56.56
Volume
129.43K
Market cap
$4.09B
P/E (TTM)
59.38
52W range
42.60 – 63.29
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.55M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 7, 26 | FABELA AUGIE K. II Director |
BUY | 20.00K | $1.12M | Indirect |
| Jun 5, 26 | POMPEO MICHAEL Director |
STOCK | 38.20K | $0 | Indirect |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FABELA AUGIE K. II |
Director | — | Purchase |
POMPEO MICHAEL |
Director | — | Stock Award(Grant) |
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.24
Call-heavy session
Put / call open interest
0.45
Positioning, not flow
Max pain
50.00
-15.8% from spot
ATM implied vol
68.4%
Nearest strike to spot
Skew (10% OTM)
-55.4%
Calls bid over puts
Call volume
37
Contracts, this expiry
Put volume
9
Contracts, this expiry
Heaviest call OI
60.00
155 contracts
Heaviest put OI
65.00
60 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Trailing performance
Returnvs SPY
1W
+4.03%
+5.4%
1M
+14.24%
+10.5%
3M
+4.73%
+1.6%
6M
+5.58%
-5.5%
YTD
+12.95%
+0.7%
1Y
+2.88%
-17.1%
3Y
+257.93%
+183.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$4.09B
Enterprise value$7.66B
Revenue (TTM)$4.76B
Gross profit$4.14B
EBITDA$1.85B
Net income$59.00M
EPS (TTM)$1.00
Free cash flow$460.94M
Total cash$2.69B
Total debt$5.85B
Book value / share$21.71
Shares outstanding68.86M
Float62.67M
Short % of float0.57%
Dividend yield—
Beta (5Y)1.61
Short interest
Shares short
197.10K
Prior 209.33K
Change vs prior
-5.8%
Shorts covering
% of float
0.57%
Normal
% of shares out
0.29%
Against total outstanding
Days to cover
2.2
Liquid
Float
62.67M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Trailing P/E59.38
Forward P/E7.18
PEG ratio2.23
Price / sales—
Price / book2.73
EV / revenue1.61
EV / EBITDA4.14
Gross margin87.07%
Operating margin25.81%
Profit margin1.24%
Return on equity7.49%
Return on assets8.54%
Debt / equity304.69
Current ratio0.97
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $4.40B | $4.00B | $3.70B | $3.75B | +9.9% |
| Operating revenue | $4.40B | $4.00B | $3.70B | $3.63B | +9.9% |
| Cost of revenue | $526.00M | $515.00M | $441.00M | $476.00M | +2.1% |
| Gross profit | $3.87B | $3.49B | $3.26B | $3.28B | +11.0% |
| Selling, general & admin | $1.80B | $1.71B | $1.56B | $1.48B | +5.1% |
| Total operating expense | $2.80B | $2.51B | $2.37B | $2.28B | +11.8% |
| Operating income | $1.07B | $983.00M | $891.00M | $997.00M | +9.1% |
| Net interest income | -$483.00M | -$446.00M | -$471.00M | -$551.00M | -8.3% |
| Pre-tax income | $785.00M | $704.00M | $559.00M | $802.00M | +11.5% |
| Tax provision | $194.00M | $217.00M | $179.00M | $69.00M | -10.6% |
| Net income | $532.00M | $415.00M | -$2.53B | -$162.00M | +28.2% |
| Net income to common | $532.00M | $415.00M | -$2.53B | -$162.00M | +28.2% |
| Basic EPS | 7.50 | 5.86 | -35.93 | -4.52 | +28.0% |
| Diluted EPS | 7.50 | 5.73 | -35.93 | -4.52 | +30.9% |
| EBIT | $1.32B | $1.20B | $1.09B | $1.39B | +10.1% |
| EBITDA | $2.13B | $1.93B | $1.82B | $2.16B | +10.4% |
| Basic shares | 69.84M | 70.24M | 70.24M | 70.13M | -0.6% |
| Diluted shares | 71.76M | 71.28M | 70.24M | 70.13M | +0.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $1.73B | $1.69B | $1.90B | $3.11B | +2.5% |
| Cash & short-term investments | $2.22B | $2.05B | $2.33B | $3.23B | +8.6% |
| Accounts receivable | $249.00M | $177.00M | $412.00M | $446.00M | +40.7% |
| Inventory | $32.00M | $15.00M | $23.00M | $18.00M | +113.3% |
| Total current assets | $3.11B | $2.88B | $3.16B | $9.77B | +7.9% |
| Property, plant & equipment | $3.76B | $3.02B | $2.90B | $2.85B | +24.6% |
| Goodwill & intangibles | $1.55B | $1.51B | $1.62B | $1.96B | +2.6% |
| Total assets | $9.21B | $8.04B | $8.22B | $15.08B | +14.7% |
| Total current liabilities | $3.44B | $3.65B | $3.58B | $8.88B | -6.0% |
| Total debt | $5.14B | $4.69B | $5.16B | $8.18B | +9.6% |
| Total liabilities | $7.58B | $6.78B | $7.15B | $14.32B | +11.8% |
| Retained earnings | -$3.00B | -$3.53B | -$3.94B | -$1.41B | +15.1% |
| Shareholder equity | $1.34B | $1.10B | $858.00M | $569.00M | +21.9% |
| Working capital | -$323.00M | -$769.00M | -$426.00M | $896.00M | +58.0% |
| Net tangible assets | -$209.00M | -$411.00M | -$761.00M | -$1.39B | +49.1% |
| Shares issued | 1.85B | 1.77B | 1.76B | 1.76B | +4.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $785.00M | $704.00M | $559.00M | $802.00M | — | +11.5% |
| Depreciation & amortisation | $811.00M | $731.00M | $729.00M | $671.00M | — | +10.9% |
| Change in working capital | $77.00M | $113.00M | $248.00M | -$66.00M | — | -31.9% |
| Operating cash flow | $1.35B | $1.15B | $2.11B | $2.56B | — | +17.7% |
| Capital expenditure | -$949.00M | -$907.00M | -$766.00M | -$1.01B | — | -4.6% |
| Investing cash flow | -$791.00M | -$778.00M | -$2.24B | -$1.66B | — | -1.7% |
| Share buybacks | -$105.00M | -$8.00M | $0 | $0 | — | -1,212.5% |
| Dividends paid | — | — | — | $0 | $0 | — |
| Financing cash flow | -$548.00M | -$551.00M | -$1.15B | $116.00M | — | +0.5% |
| Free cash flow | $404.00M | $243.00M | $1.34B | $1.55B | — | +66.3% |
| End cash position | $1.73B | $1.69B | $1.90B | $3.11B | — | +2.6% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $1.27B | $1.20B | $1.17B | $1.11B | $1.09B | — | +5.8% |
| Operating revenue | $1.27B | $1.20B | $1.17B | $1.11B | $1.09B | — | +5.8% |
| Cost of revenue | $171.00M | $151.00M | $160.00M | $133.00M | $104.00M | — | +13.2% |
| Gross profit | $1.10B | $1.05B | $1.01B | $982.00M | $983.00M | — | +4.8% |
| Selling, general & admin | $550.00M | $533.00M | $244.00M | $633.00M | $464.00M | — | +3.2% |
| Total operating expense | $773.00M | $742.00M | $662.00M | $825.00M | $659.00M | — | +4.2% |
| Operating income | $327.00M | $308.00M | $349.00M | $157.00M | $324.00M | — | +6.2% |
| Net interest income | -$137.00M | -$132.00M | -$125.00M | -$132.00M | -$117.00M | — | -3.8% |
| Pre-tax income | $200.00M | $183.00M | $56.00M | -$83.00M | $682.00M | — | +9.3% |
| Tax provision | $60.00M | $60.00M | $64.00M | $44.00M | $74.00M | — | 0.0% |
| Net income | $122.00M | $99.00M | -$31.00M | -$131.00M | $595.00M | — | +23.2% |
| Net income to common | $122.00M | $99.00M | -$31.00M | -$131.00M | $595.00M | — | +23.2% |
| Basic EPS | 1.75 | 1.50 | — | -1.91 | 8.50 | 1.50 | +16.7% |
| Diluted EPS | 1.75 | 1.50 | — | -1.91 | 8.50 | 1.50 | +16.7% |
| EBIT | $367.00M | $333.00M | $233.00M | $49.00M | $809.00M | — | +10.2% |
| EBITDA | $592.00M | $542.00M | $437.00M | $254.00M | $1.00B | — | +9.2% |
| Basic shares | 69.68M | 69.60M | — | 68.76M | 69.64M | 70.68M | +0.1% |
| Diluted shares | 70.92M | 71.40M | — | 71.24M | 71.84M | 72.72M | -0.7% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.19B | $1.75B | $1.73B | $1.66B | $1.28B | — | +25.2% |
| Cash & short-term investments | $2.69B | $2.18B | $2.22B | $1.66B | $1.28B | — | +23.2% |
| Accounts receivable | $331.00M | $304.00M | $249.00M | $549.00M | $516.00M | — | +8.9% |
| Inventory | $32.00M | $29.00M | $32.00M | — | — | $16.00M | +10.3% |
| Total current assets | $3.71B | $3.12B | $3.11B | $2.88B | $2.65B | — | +18.8% |
| Property, plant & equipment | $3.93B | $3.82B | $3.76B | $3.57B | $3.45B | — | +2.7% |
| Goodwill & intangibles | $1.88B | $1.89B | $1.55B | $1.53B | $1.55B | — | -0.5% |
| Total assets | $10.27B | $9.60B | $9.21B | $8.81B | $8.46B | — | +6.9% |
| Total current liabilities | $3.83B | $3.63B | $3.44B | $3.04B | $3.03B | — | +5.5% |
| Total debt | $5.85B | $5.42B | $5.14B | $5.14B | $4.91B | — | +7.9% |
| Total liabilities | $8.35B | $7.74B | $7.58B | $7.17B | $6.97B | — | +7.9% |
| Retained earnings | -$2.78B | -$2.90B | -$3.00B | — | — | -$3.43B | +4.2% |
| Shareholder equity | $1.51B | $1.47B | $1.34B | $1.47B | $1.31B | — | +3.1% |
| Working capital | -$124.00M | -$509.00M | -$323.00M | -$159.00M | -$383.00M | — | +75.6% |
| Net tangible assets | -$371.00M | -$426.00M | -$209.00M | -$69.00M | -$238.00M | — | +12.9% |
| Shares issued | 1.73B | 1.85B | 1.85B | 1.85B | 1.85B | — | -6.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | $200.00M | $183.00M | — | — | — | $130.00M | +9.3% |
| Depreciation & amortisation | $225.00M | $209.00M | — | — | — | $198.00M | +7.7% |
| Change in working capital | $106.00M | $19.00M | — | — | — | $114.00M | +457.9% |
| Operating cash flow | $464.00M | $396.00M | $462.00M | $323.00M | $137.00M | — | +17.2% |
| Capital expenditure | -$213.00M | -$264.00M | — | — | — | -$209.00M | +19.3% |
| Investing cash flow | -$359.00M | -$295.00M | -$310.00M | -$162.00M | -$110.00M | — | -21.7% |
| Share buybacks | -$34.00M | -$28.00M | — | — | — | -$24.00M | -21.4% |
| Financing cash flow | $333.00M | -$87.00M | -$93.00M | $211.00M | -$515.00M | — | +482.8% |
| Free cash flow | $251.00M | $132.00M | -$487.00M | $323.00M | $137.00M | — | +90.2% |
| End cash position | $2.19B | $1.75B | $1.73B | $1.66B | $1.28B | — | +25.2% |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.59 | 1.48 | -7.1% |
| Mar 2026 | 1.30 | 1.41 | +8.1% |
| Dec 2025 | 1.87 | -0.41 | -121.7% |
| Sep 2025 | 1.38 | -0.47 | -133.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.61 | 2 | $1.30B | +16.4% |
| Next quarter | 1.68 | 2 | $1.32B | +13.0% |
| Current year | 6.78 | 7 | $5.08B | +15.4% |
| Next year | 8.27 | 6 | $5.47B | +7.8% |
Analyst targets & ownership
Mean target$83.59
High target$100.00
Low target$70.00
Implied upside40.77%
Analyst count7
ConsensusSTRONG BUY
Strong buy / Buy0 / 5
Hold0
Sell / Strong sell0 / 0
Held by insiders2.24%
Held by institutions24.06%
Institutions holding142
Price targets, consensus spread, insider and institutional ownership.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jun 9, 26 | Northland Capital Markets | INITIATED | — | Outperform |
| Apr 16, 26 | Rothschild & Co | INITIATED | — | Buy |
| Sep 24, 25 | Zero One | MAINTAINED | Buy | Buy |
| Aug 22, 25 | Litchfield Hills | MAINTAINED | Buy | Buy |
| Aug 18, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Aug 7, 25 | New Street Research | MAINTAINED | Buy | Buy |
| Jun 16, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Mar 25, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Mar 3, 25 | Benchmark | MAINTAINED | Buy | Buy |
| Nov 12, 24 | Benchmark | INITIATED | — | Buy |
| Oct 11, 23 | New Street Research | INITIATED | — | Buy |
Moving averages & technicals
SMA 10
56.93
+4.30% from price
SMA 20
55.16
+7.65% from price
SMA 50
53.36
+11.27% from price
SMA 100
52.74
+12.60% from price
SMA 200
52.31
+13.51% from price
EMA 12
56.54
+5.02% from price
EMA 26
55.21
+7.56% from price
EMA 50
54.13
+9.71% from price
RSI (14)
69.8
Neutral
MACD (12,26,9)
1.33
Hist 0.21
ATR (14)
1.58
2.66% of price
Realised vol 30D
29.4%
Annualised
Bollinger upper
59.83
20, 2σ
Bollinger lower
50.49
20, 2σ
50 / 200 cross
Golden
53.36 vs 52.31
Trend bias
Above 200
+13.51%
Risk profile
Beta vs SPY
1.04
More volatile than market
Correlation to SPY
0.29
Largely independent
Realised vol 30D
29.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-28.2%
Peak to trough
Max drawdown 5Y
-88.8%
Peak to trough
ATR 14
1.58
2.66% of price
Beta (reported)
1.61
5Y monthly, from filing
Dividends & splits
Forward rate—
Forward yield—
5-year avg yield9.12%
Payout ratio0.00%
Ex-dividend dateFeb 26, 2020
Next pay dateMar 5, 2020
Last split1:25
Split dateMar 8, 2023
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-07-31
Corporate Changes & Voting Matters
6-K · 2026-06-17
Corporate Changes & Voting Matters
6-K · 2026-06-02
Corporate Changes & Voting Matters
6-K · 2026-05-20
Corporate Changes & Voting Matters
6-K · 2026-05-18
Corporate Changes & Voting Matters
6-K · 2026-05-14
Corporate Changes & Voting Matters
6-K · 2026-05-13
Corporate Changes & Voting Matters
6-K · 2026-05-11
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PRIVATE STRATEGY · BY QUALIFICATION
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