U.S. Markets closed
  • S&P Futures

    4,411.75
    -2.50 (-0.06%)
     
  • Dow Futures

    35,003.00
    -31.00 (-0.09%)
     
  • Nasdaq Futures

    15,113.50
    -4.25 (-0.03%)
     
  • Russell 2000 Futures

    2,209.60
    -3.80 (-0.17%)
     
  • Crude Oil

    72.02
    +0.11 (+0.15%)
     
  • Gold

    1,797.20
    -2.00 (-0.11%)
     
  • Silver

    25.19
    -0.12 (-0.49%)
     
  • EUR/USD

    1.1816
    +0.0008 (+0.0709%)
     
  • 10-Yr Bond

    1.2760
    -0.0100 (-0.78%)
     
  • Vix

    17.58
    +0.38 (+2.21%)
     
  • GBP/USD

    1.3825
    +0.0001 (+0.0069%)
     
  • USD/JPY

    110.2810
    -0.0940 (-0.0852%)
     
  • BTC-USD

    37,371.27
    +1,676.30 (+4.70%)
     
  • CMC Crypto 200

    889.38
    -26.11 (-2.85%)
     
  • FTSE 100

    7,025.43
    -2.15 (-0.03%)
     
  • Nikkei 225

    27,955.64
    +122.35 (+0.44%)
     

Verizon (VZ) Rolls Out 5G Home Internet Service in More Cities

  • Oops!
    Something went wrong.
    Please try again later.
·3 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Verizon Communications Inc. VZ has launched 5G Home Internet in parts of Columbus, OH; Greensboro, NC and Raleigh, NC.

On Jun 10, the service will be available to customers in parts of Des Moines, IA; New Orleans, LA; Seattle, WA and Tucson, AZ. With this addition, the service will be available in 40 markets with more to come.

Nowadays, homebuyers prioritize fast and reliable home Internet connectivity and good cellular service when looking for a home. They believe that 5G Home Internet makes a house more valuable. Verizon is committed to bringing 5G Home Internet to 50 million households by 2025.

The telecom giant’s 5G Home Internet is powered by its 5G Ultra Wideband, which is available to mobile customers in parts of select cities. Verizon’s 5G Home Internet is a fixed wireless access service that provides ultra-fast Wi-Fi connection.

Customers can experience a maximum download speed of up to 1 Gbps, with a typical download speed of 300 Mbps. Verizon has built its 5G Ultra Wideband network to enable innovations that will support the changing behavior of customers.

The company continues to lead the industry with its 5G Ultra Wideband. The 5G Ultra Wideband network supports a wide range of business and industrial applications. It uses a millimeter wave spectrum and has been designed to deliver significantly faster download speed and greater bandwidth compared with 4G.

With purpose-built hardware, the home device comes with a self-setup that uses augmented reality. This makes it an even more compelling choice, particularly for those who are working from home or powering a smart home.

Verizon’s focus on upgrading its network will enhance the speed and performance for better customer experience. Its disciplined network strategy for long-term sustainable growth, along with operational execution, is noteworthy.

Verizon’s shares have lost 1% in the past year against 9.5% growth of the industry.

Zacks Investment Research
Zacks Investment Research

Image Source: Zacks Investment Research

The stock currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Cambium Networks Corporation CMBM, Altice USA, Inc. ATUS and Vicor Corporation VICR, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Cambium delivered a trailing four-quarter earnings surprise of 46.5%, on average.

Altice delivered a trailing four-quarter earnings surprise of 61.5%, on average.

Vicor delivered a trailing four-quarter earnings surprise of 80.6%, on average.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Verizon Communications Inc. (VZ) : Free Stock Analysis Report

Altice USA, Inc. (ATUS) : Free Stock Analysis Report

Vicor Corporation (VICR) : Free Stock Analysis Report

Cambium Networks Corporation (CMBM) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research