SHEN
Shenandoah Telecommunications Company
SHEN offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
VZ
Verizon Communications Inc.
VZ has the edge over SHEN overall, supported by lower modeled downside.
SHEN Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Weak |
SHEN's revenue is currently stable, but its profitability, cash flow and balance sheet are under pressure.
VZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
SHEN PE Valuation
SHEN has no meaningful PE right now: it lost money over the past year.
VZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $32.43 | -30% |
| Forward | 9x | $46.55 | — |
| Fair | 11x | $43.63 | -6.3% |
| Current | 12x | $46.55 | — |
| Expensive | 14x | $56.75 | +22% |
Historical ranges are pointers, not guarantees.
VZ's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 9.0x next year's earnings, in its cheap range.
SHEN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses steady | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect SHEN's revenue to grow and its profitability to improve, with its earnings holding steady.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect VZ's earnings to grow and its profitability to improve, with its revenue holding steady.
SHEN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2024 | $3.89 | +6383% |
| Q2 2024 | $4.05 | +$4.07 |
| Q1 2024 | $4.33 | +$4.45 |
| Q4 2023 | $0.16 | +$0.33 |
| Q3 2023 | $0.06 | +$0.15 |
| Q2 2023 | -$0.02 | -100% |
| Q1 2023 | -$0.12 | -101% |
| Q4 2022 | -$0.17 | -101% |
VZ has the stronger earnings trend. Trailing diluted EPS is down 121% for SHEN versus VZ down 16%.
VZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | +32% |
| Q3 2026 | $3.93 | -16% |
| Q2 2026 | $3.85 | -10% |
| Q1 2026 | $4.11 | -2.1% |
| Q4 2025 | $4.06 | -1.9% |
| Q3 2025 | $4.68 | +103% |
| Q2 2025 | $4.29 | +61% |
| Q1 2025 | $4.20 | +57% |
| Q4 2024 | $4.14 | +51% |
VZ's earnings per share have fallen from their peak: $3.93 over the past year, against $5.34 in late 2021.
SHEN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $93.9M | +4.6% |
| Q2 2026 | $93.5M | +5.5% |
| Q1 2026 | $92.2M | +4.8% |
| Q4 2025 | $91.6M | +7.2% |
| Q3 2025 | $89.8M | +2.5% |
| Q2 2025 | $88.6M | +3.2% |
| Q1 2025 | $87.9M | +27% |
| Q4 2024 | $85.4M | +18% |
SHEN has the edge over VZ on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -2.1% | +5.9 points |
| Q2 2026 | -1.1% | +9.2 points |
| Q1 2026 | -11% | -4.4 points |
| Q4 2025 | -0.9% | +5.8 points |
| Q3 2025 | -8% | -3.2 points |
| Q2 2025 | -10% | +8.2 points |
| Q1 2025 | -6.9% | -2.9 points |
| Q4 2024 | -6.7% | -11 points |
SHEN's operating margin was −2.1% last quarter, up 5.9 points from the same quarter a year ago.
VZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.3B | +1.5% |
| Q2 2026 | $34.3B | -0.7% |
| Q1 2026 | $34.4B | +2.9% |
| Q4 2025 | $36.4B | +2% |
| Q3 2025 | $33.8B | +1.5% |
| Q2 2025 | $34.5B | +5.2% |
| Q1 2025 | $33.5B | +1.5% |
| Q4 2024 | $35.7B | +1.6% |
VZ's revenue has held roughly level: $34.3B last quarter, up 1.5% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 21% | -2.7 points |
| Q1 2026 | 24% | +0.1 points |
| Q4 2025 | 14% | -7.1 points |
| Q3 2025 | 24% | +6.2 points |
| Q2 2025 | 24% | -0.2 points |
| Q1 2025 | 24% | +1 points |
| Q4 2024 | 21% | +19 points |
VZ has the edge over SHEN on profitability, with a higher operating margin.
SHEN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$41M | +$10.4M |
| Q2 2026 | -$45.9M | +$19.3M |
| Q1 2026 | -$51.5M | +$11.3M |
| Q4 2025 | -$78.6M | -$6.6M |
| Q3 2025 | -$51.4M | -$110K |
| Q2 2025 | -$65.3M | +$13.1M |
| Q1 2025 | -$62.7M | -$7.8M |
| Q4 2024 | -$72M | -$27.9M |
SHEN has burned cash in most quarters: −$217M over the past year, against −$251M the year before.
VZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.5B | +2.2% |
| Q2 2026 | $10.4B | +16% |
| Q1 2026 | $8B | +2.6% |
| Q4 2025 | $9.1B | -13% |
| Q3 2025 | $11.3B | +14% |
| Q2 2025 | $9B | -5.4% |
| Q1 2025 | $7.8B | +9.9% |
| Q4 2024 | $10.4B | +20% |
VZ has the edge over SHEN on cash generation, producing positive trailing cash flow while its opponent burns cash.
SHEN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +35K shares |
| 1 year | +1.2% | +664K shares |
| 3 years | +9.8% | +5M shares |
| 5 years | +11% | +5.7M shares |
| Available history | +11% | +5.7M shares |
SHEN has 56M diluted shares, up 1.2% from a year ago.
VZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -10M shares |
| 1 year | -1.7% | -72M shares |
| 3 years | -1.3% | -55M shares |
| 5 years | +0.4% | +17M shares |
| Available history | +0.5% | +21M shares |
VZ has the edge over SHEN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
SHEN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.3x | High |
| Q2 2026 | 6.2x | High |
| Q1 2026 | 6.0x | High |
| Q4 2025 | 5.7x | High |
| Q3 2025 | 5.3x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 5.6x | High |
| Q4 2024 | 5.4x | High |
SHEN's net debt is about 6.3 years of its operating earnings (EBITDA), up from 5.3 years a year ago.
VZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.3x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
VZ has the edge over SHEN on leverage, with a lower net debt burden relative to earnings.
SHEN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 36.9 | Neutral |
| Stochastic | 18.7 | Oversold |
SHEN's weekly RSI is 37 (neutral) and its Stochastic is 19 (oversold).
VZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 44.6 | Neutral |
VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
SHEN PE vs Communication Services Sector
| Metric | SHEN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
SHEN has no meaningful PE right now: it lost money over the past year.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ is trading at 12x earnings, a 28% discount to the Communication Services sector's median of 16x.
SHEN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.5 | 2% below |
| 20 week MA | $11.6 | 12% below |
| 50 week MA | $13.0 | 21% below |
| 100 week MA | $12.8 | 20% below |
| 200 week MA | $15.6 | 34% below |
SHEN is in a downtrend: it's below all five of its weekly moving averages, and 34% below its 200-week average.
VZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.1 | 3.1% above |
| 20 week MA | $46.3 | 0.5% above |
| 50 week MA | $46.1 | 1.1% above |
| 100 week MA | $44.2 | 5.4% above |
| 200 week MA | $41.4 | 12% above |
VZ has the edge over SHEN on trend strength, trading above more of its moving averages.
SHEN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.1 | $43.6 | +6.2% |
| 2021 | $43.6 | $26.6 | -39% |
| 2022 | $26.6 | $16.7 | -37% |
| 2023 | $16.7 | $21.6 | +30% |
| 2024 | $21.6 | $12.4 | -42% |
| 2025 | $12.4 | $11.3 | -9.1% |
| 2026 YTD | $11.3 | $10.3 | -9.3% |
SHEN has finished lower in four of the last six years. It's down 9.3% so far in 2026.
VZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.5 | $58.8 | -4.4% |
| 2021 | $58.8 | $52.7 | -10% |
| 2022 | $52.7 | $38.4 | -27% |
| 2023 | $38.4 | $37.7 | -1.8% |
| 2024 | $37.7 | $39.9 | +5.9% |
| 2025 | $39.9 | $40.5 | +1.4% |
| 2026 YTD | $40.5 | $46.6 | +15% |
VZ has the edge over SHEN on returns for 2026, with the stronger performance.