- Insider Monkey•10 hours ago
Although the NASDAQ index rose by just 1.16% this week, a number of meaningful events have occurred to some of the market’s major tech names in the time period. In this article, we will take a closer look at some of the most relevant events that involved Yahoo! Inc. (NASDAQ:YHOO), Verizon Communications Inc. (NYSE:VZ), Facebook Inc (NASDAQ:FB), […]
Yahoo (YHOO.O) on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover by Verizon Inc (VZ.N). Yahoo blamed the incident on a "state-sponsored actor" but has not provided any technical information supporting that claim. In a Sept. 9 regulatory filing with the Securities and Exchange Commission, Yahoo stated it did not have knowledge of "any incidents of, or third party claims alleging ... unauthorized access" of personal data of its customers that could have a material adverse effect on Verizon’s acquisition.
You may have notice carriers have been rolling out the deals in North America for Apple’s (AAPL) new iPhone 7, with AT&T (T), T-Mobile US (TMUS), Sprint (S) and Verizon Communications (VZ) offering a variety of come-ons to lure away customers. MoffettNathanson’s Craig Moffett today writes that the “return of the subsidy” in these new deals is going to cost the carriers not just in dollars and cents up-front but in “." "The iPhone cycle is turning out to be bigger than expected. The problem, writes, Moffett, is that the new promotions from the carriers — get a free iPhone 7 instantly — is the worst of both worlds: it doesn’t have the lasting increase in monthly payments of the traditional subsidy, but it also doesn’t have the up-front equipment revenue of the installment plans that have been popular: The new iPhone 7 is being offered “free” with a trade-in, for an average net subsidy of around $400.
Verizon Communications Inc. (VZ)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||52.41 x 300|
|Ask||52.69 x 500|
|Day's Range||52.15 - 52.82|
|52wk Range||42.20 - 56.95|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||14.85|
|Avg Vol (3m)||13,637,554|
|Dividend & Yield||2.31 (4.41%)|