VZ - Verizon Communications Inc.
54.71 -0.35 (-0.64%)
After hours: 7:59PM EST
| Previous Close | 57.14 |
| Open | 56.78 |
| Bid | 54.76 x 2200 |
| Ask | 54.88 x 2200 |
| Day's Range | 55.03 - 57.38 |
| 52 Week Range | 54.26 - 62.22 |
| Volume | 25,274,821 |
| Avg. Volume | 12,892,513 |
| Market Cap | 227.72B |
| Beta (5Y Monthly) | 0.45 |
| PE Ratio (TTM) | 11.84 |
| EPS (TTM) | 4.65 |
| Earnings Date | Apr 20, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | 2.46 (4.31%) |
| Ex-Dividend Date | Jan 08, 2020 |
| 1y Target Est | 61.79 |
- GlobeNewswire
Bragar Eagel & Squire is Investigating Certain Officers and Directors of AT&T, Verizon, Sprint, and T-Mobile US and Encourages Investors to Contact the Firm
NEW YORK, Feb. 27, 2020 -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating certain officers and directors of AT&T, Inc..
- Reuters
FCC to propose fines for U.S. cellphone carriers over consumer data disclosures
The U.S. Federal Communications Commission (FCC) is set to propose fining four major U.S. mobile phone companies expected to total at least $200 million in total for improperly disclosing some consumer real-time location data, two people briefed on the matter said. The FCC is expected to announce the proposed fines on AT&T Inc, Verizon Communications Inc, Sprint Corp, T-Mobile US Inc by Friday. FCC Chairman Ajit Pai confirmed in January that "one or more wireless carriers apparently violated federal law." The FCC and the carriers did not immediately comment Thursday.
- Investing.com
Verizon Stock Falls 3%
Investing.com - Verizon (NYSE:VZ) Stock fell by 3.03% to trade at $55.40 by 15:52 (20:52 GMT) on Thursday on the NYSE exchange.
- Zacks
Telecom Stock Roundup: Verizon's 5G Speed Trial, Nokia's Software Launch & More
While Verizon (VZ) conducts a trial to check the efficacy and viability of its 5G Ultra Wideband network, Nokia (NOK) introduces two new cloud-native software applications to help carriers migrate toward automated 5G network operations.
- MoneyShow
The 2 Best Investments in the 5G Revolution
5G will launch the world into another level of the digital age and bring transformative new technologies; this 5G revolution will likely be a level of technological change we haven't seen since the arrival of the internet in the 1990s, asserts Tom Hutchinson, editor of Cabot Dividend Investor.
- PR Newswire
LaLiga North America Announces Multi-Year U.S. Partnership with Verizon
LaLiga North America announced today a multi-year partnership with Verizon, exclusive to the United States. This multifaceted partnership will offer Verizon customers, through its loyalty program, Verizon Up, the chance to interact with the best soccer league in the world through experiential events, educational opportunities, youth and coaching programming, clinics and tournaments – all officially launching with ElClásico on Sunday, March 1st. The partnership will also explore how Verizon's innovative technology can enhance the fan experience.
- GlobeNewswire
LG V60 ThinQ 5G UW coming to Verizon’s 5G Ultra Wide Band network
Designed to meet the modern needs of creatives, consumers and businesses, the LG V60 ThinQ 5G UW is built to let users share incredible moments faster and more often on both Verizon’s 5G Ultra Wideband network and our low-band 5G network, launching later this year1. The LG V60 ThinQ 5G UW opens the door to new audio and video experiences, leveraging the high speeds and low latency of Verizon’s 5G Ultra Wideband network for video streaming with virtually no buffering and immersive multiplayer mobile gaming.
- Zacks
Verizon Hits 4.2 Gbps Network Speed With Carrier Aggregation
Verizon (VZ) partners tech leaders to test the feasibility and reliability of its 5G Ultra Wideband network with carrier aggregation technology on Motorola's upcoming 5G device.
- GlobeNewswire
Verizon achieves 4.2 Gbps on its live 5G network
EULESS, Texas, Feb. 25, 2020 -- Verizon, along with Samsung Electronics Americas, Inc., Motorola Mobility, and Qualcomm Technologies, Inc., a wholly owned subsidiary of.
- Zacks
Verizon Partners Emory on 5G-Driven Healthcare Solutions
The initiative is part of Verizon's (VZ) broader strategy to partner with customers, startups, universities and large enterprises, and discover how 5G is likely to disrupt virtually every industry.
- Investopedia
Top Communications Stocks for March 2020
These are the communications stocks with the best value, fastest growth, and most momentum for March.
- GlobeNewswire
Research reveals demand for live sports streaming to expand content offering
Sports fans are willing to pay more for streaming live sports, but only if it provides better access to the sports teams and leagues they are interested in. The research was conducted amongst 5,000 sports fans in the US, UK, France, Germany and Holland* and found that the opportunity for content providers streaming live sports is huge, as long as they offer greater personalization, better viewing options and a different advertising experience better suited to a streaming environment.
- Yahoo Finance
Coronavirus outbreak is 'like the fog of war' for investors in the stock market
Is now the time to buy stocks when everyone is freaking out over the coronavirus?
- GlobeNewswire
Verizon Mobile Security Index: Many organizations still sacrifice security, and that’s risky
The third annual Verizon Mobile Security Index takes a deep dive into the state of mobile security, looking at different types of threats and offering tips to protect your environment. 43 percent of respondents said their organization had sacrificed mobile security in the past year, and those that did were 2x as likely to suffer a compromise. Organizations can protect against mobile security threats by establishing a “security-first” focus, developing and enforcing policies and encrypting data over unsecured networks.
- GlobeNewswire
Verizon and Emory Healthcare Light Up Nation’s First 5G Healthcare Lab
What you need to know: The Verizon 5G Ultra Wideband network is now live at the Emory Healthcare Innovation Hub (EHIH) in Atlanta This is the nation’s first 5G healthcare.
- MarketWatch
The 5G rollout is already behind, and coronavirus could slow it even more
Two seemingly different issues — the ongoing 5G network rollout and the coronavirus — are causing confusion and disappointment for many tech investors this earnings season so far and they are now becoming intertwined.
- Reuters
MGM Resorts sued over data breach that possibly involved 10.6 million guests
U.S. casino operator MGM Resorts International has been sued over a data breach last year, which the company confirmed earlier this week and which reportedly involved details of over 10.6 million hotel guests. The lawsuit was filed by law firm Morgan & Morgan, whose lawyer John Yanchunis has also represented some Yahoo users in a breach of 3 billion accounts between 2013 and 2016. MGM Resorts said on Thursday that last summer it "discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests".
- Bloomberg
White House to Host Huawei Rivals at 5G Meeting, Kudlow Says
(Bloomberg) -- The White House plans to hold a conference with Huawei Technologies Co. rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said Friday.“We’re working carefully, closely with Nokia and Ericsson,” National Economic Council Director Larry Kudlow told reporters. “We’re going to be holding some kind of a conference in about a month. I’m sure the president would join us in part, that would include Samsung, that will include all of our guys.”He later told Fox Business that the meeting “might take place” in early April, and that companies including AT&T Inc., Verizon Communications Inc. and Qualcomm Inc. would be represented.The U.S. has engaged in a campaign to persuade other countries not to use Huawei equipment in emerging 5G networks, but the effort has faltered due to a lack of competing technology. Attorney General William Barr suggested recently the U.S. government or American companies should consider investing in Huawei competitors Nokia Oyj of Finland and Ericsson AB of Sweden to try to prevent the Chinese company’s technology from being widely adopted.Kudlow called the U.K. government’s attitude toward Huawei in particular “sub-optimal.” Trump has spoken repeatedly this month with British Prime Minister Boris Johnson, berating him in at least one phone call for refusing to ban Huawei gear.“They have made some concessions about putting the lid on Huawei, but I’m an optimist, I believe we can work through it, they are our great allies,” Kudlow said.The U.S. alleges that the Chinese government will use equipment from the Shenzhen-based company to spy on nations that install it in their networks. Huawei has denied that the Chinese government controls the company or has access to its products.(Updates with details of conference in third paragraph. An earlier version corrected a misspelling of Huawei in the first paragraph.)\--With assistance from Jennifer Jacobs.To contact the reporter on this story: Josh Wingrove in Washington at jwingrove4@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, John Harney, Virginia Van NattaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
Why this local sports tech accelerator is a slam dunk for the region
The program offers benefits for local companies, including pre-seed investment and access to a high-speed 5G network.
- Reuters
Big tech cos pull out of San Francisco conferences on coronavirus concerns
RSA also said that AT&T Cybersecurity will not participate in the conference, taking the total number of companies that have pulled out to fourteen. Separately, Facebook Inc said that it will not be attending the Game Developers Conference, also in San Francisco, due to the coronavirus outbreak.
- Bloomberg
T-Mobile, Sprint Revise Deal Terms After Regulatory Approval
(Bloomberg) -- T-Mobile US Inc. and Sprint Corp. agreed to new terms for their pending merger that take account of the slide in Sprint shares since the transaction was first agreed, putting the industry-altering deal a step closer to completion.T-Mobile owners will get roughly 11 shares of Sprint for each of their stock, the companies said Thursday. That’s an increase from a ratio of 9.75 previously and is more favorable for T-Mobile’s German owner Deutsche Telekom AG.The equity value of the amended deal is about $37 billion compared with the original agreement of $26.5 billion, according to Bloomberg Intelligence analyst Erhan Gurses. The higher valuation partly reflects the 62% gain in T-Mobile shares since the all-stock transaction was announced almost two years ago, despite the deterioration in Sprint’s business.Getting one of the biggest U.S. wireless mergers ever over the finish line would be a boon for Deutsche Telekom as it will reduce its reliance on Europe, where carriers are struggling to grow amid fierce competition. T-Mobile makes up more than half of Deutsche Telekom’s sales, up from about a third in 2014. A completed deal will also benefit Sprint owner SoftBank Group Corp. by allowing its chairman, Masayoshi Son, to better focus on his technology investments and the $100 billion Vision Fund.The combined company, which will operate under the T-Mobile name, will have a regular monthly subscriber base of about 80 million -- in the same league as AT&T Inc., which has 75 million subscribers, and Verizon Communications Inc., which has 114 million.When the transaction closes, which could happen as soon as April 1, Deutsche Telekom is expected to keep 43% of the merged entity, while SoftBank has 24%. The rest will be held by public shareholders.Deutsche Telekom shares fell 1.3% to trade at 16.41 euros in Frankfurt. Sprint shares were up 5% to $9.96 at 11:01 a.m. in New York, while T-Mobile was down 1.8% to $97.73.The original accord, which united the third- and fourth-largest U.S. wireless carriers, was forged in April 2018. That pact lapsed on Nov. 1, and the companies didn’t initially renew the terms while they fought for government approval. When a federal judge rejected a state lawsuit to block the transaction earlier this month, that put the talks on the front burner.Along the way, Sprint’s condition has worsened. That added pressure to redraw the agreement so that it was more favorable to Deutsche Telekom.SoftBank agreed to surrender 48.8 million T-Mobile shares that it will acquire in the merger to the combined company immediately after the transaction closes. But those shares could be reissued to SoftBank by 2025 if the new company’s stock stays above $150 for a period of time.That arrangement -- having SoftBank relinquish the stock after the deal closes -- was structured so that the deal wouldn’t have to go before another shareholder vote.Sprint investors other than SoftBank will still get the original ratio of 0.10256 T-Mobile shares for each Sprint share -- the equivalent of about 9.75 Sprint shares for each T-Mobile share.Sprint’s monthly churn -- a closely watched measure of how many customers leave -- has risen to nearly 2%. That means roughly a quarter of its subscriber base is quitting the carrier each year. And the company isn’t making up for the decline by charging more: Average revenue per customer has fallen 5% since the deal was announced.Analysts such as LightShed Partners’ Walt Piecyk said the merger’s exchange ratio should be closer to 12, given Sprint’s deteriorated business.(Updates with valuation detail in third paragraph, updates share prices.)To contact the reporters on this story: Scott Moritz in New York at smoritz6@bloomberg.net;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- GlobeNewswire
Verizon and The Weeknd announce 2020 partnership
Verizon and multi-platinum, three-time GRAMMY® Award winning artist The Weeknd are partnering to bring members of customer loyalty program Verizon Up, opportunities for exclusive access to concerts and private experiences throughout 2020. “Connecting with my fans is paramount,” said The Weeknd. During all U.S. tour dates of The Weeknd’s 2020 After Hours Tour, Verizon Up ticket holders will get access to an exclusive stage side experience within the Verizon Up Members section.
- American City Business Journals
Verizon Hilliard layoffs to impact nearly 500 employees
Verizon Wireless is cutting almost 500 jobs in Hilliard. According to a WARN notice filed with Ohio Department of Job and Family Services, the company is closing its Business Government Customer Operations Center and its customer support service team operation, while also downsizing its credit order review operations, all of which are located at 5000 Britton Pkwy. Verizon notified employees earlier this month, but did not disclose how many people would be affected at that time.
- Investor's Business Daily
Verizon Stock Picture Unclear With 5G Wireless Spectrum Issues
Verizon built its powerful brand around the quality of its wireless network. If Verizon stock is going to retain bragging rights with 5G wireless services, it's going to need more bandwidth.
