NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Frontier Communications Parent, Inc. (Nasdaq: FYBR), relating to its proposed merger with Verizon Communications Inc. Under the terms of the agreement, Frontier shareholders will be entitled ...

The airline boosted guidance for the current quarter. Frontier Group Holdings (ULCC 5.71%) is feeling more upbeat about the current quarter, and investors are happy to go along for the ride. Shares of the discount airline opened up as much as 12% and were trading up 8% at 10 a.m. ET after Frontier raised its margin guidance for the quarter. Not as bad as feared Investors aren't sure what to think about airline stocks right now. The industry has done well since the end of the pandemic, but a combination of h ...

The deal could fundamentally change the investment case for Verizon stock. The news that Verizon Communications (VZ 3.84%) will acquire Frontier Communications Parent (FYBR 0.68%) appears to make strategic sense. For all of its focus on 5G, fiber remains a critical part of the broadband communications infrastructure, serving both consumers and businesses. Unfortunately for Verizon's shareholders, it has decided to buy Frontier at a time when the company faces significant financial struggles. Hence, even if ...

cemagraphics/E+ via Getty Images These are the voyages of the income name Verizon (NYSE:VZ). A company now debt laden, that had seen its cash flows evaporate, only to finally start rebounding despite immense competition and costs of operation. Still, we reiterate our Buy rating on Verizon Communications Inc. (VZ) shares today following news that the company will be acquiring Frontier Communications (FYBR). This is a rather interesting development and comes as the company has been seeing improvements to its ...

Core Viewpoint - Verizon's recent acquisition of Frontier Communications for $20 billion is expected to enhance its fiber footprint and service delivery, but the potential impacts may be overestimated by analysts [3][4][6]. Business Developments - Verizon announced a $20 billion cash deal to acquire Frontier Communications, the largest pure-play fiber internet provider in the U.S., which will expand its fiber network and improve service delivery [3]. - The acquisition is projected to yield at least $500 million in run-rate cost synergies by year three, primarily through increased scale and network integration [4]. Financial Metrics - Verizon's total revenue on a trailing twelve months (TTM) basis is approximately $134.2 billion, with operating expenses including SG&A reaching $32.2 billion and other expenses at $17.8 billion [5]. - The operating margin is slightly below 22%, and even with the anticipated synergies, the margin is expected to remain below the long-term average of 22.65% [5]. Valuation Analysis - Verizon's TTM non-GAAP P/E ratio is 8.98, which is a 26.54% discount compared to the sector median of 12.23, indicating a reasonable valuation [11]. - The forward non-GAAP P/E ratio is 9.05, also showing a discount relative to the sector median of 12.99 [11]. Dividend and Total Return Potential - Verizon offers a dividend yield of 6.4%, providing some downside protection, but total return potential is expected to be limited under current conditions [12].

Dilok Klaisataporn I last covered Verizon (NYSE:VZ) back in April and assigned it a hold rating as I was neutral on the stock. While the dividend remained attractive and management's commitment to it seemed strong, the valuation did not seem particularly compelling, and the growth was quite anemic as well. Since then, the stock's total returns have been roughly in line with the S&P 500, thereby validating my neutral take on it. However, the company just announced that it plans to acquire Frontier (FYBR), wh ...

Core Viewpoint - Verizon Communications Inc. has announced a definitive agreement to acquire Frontier Communications Parent, Inc. for approximately $20 billion in enterprise value, aiming to expand its fiber footprint and enhance service delivery to customers [1] Group 1: Strategic Acquisition - The acquisition will integrate Frontier's fiber network with Verizon's Fios network, enhancing Verizon's fiber and wireless asset portfolio [2] - Frontier's customers will gain access to Verizon's premium mobility, home Internet, streaming, and business products [2] Group 2: Customer Impact - The combination of Frontier's broadband and Verizon's mobile offerings is expected to reduce customer churn by about 50% for postpaid mobility, potentially increasing mobility revenues [3] Group 3: Frontier's Current Operations - Frontier generates over half of its revenues from fiber services, serving 2.2 million fiber subscribers across 25 states, and has invested $4.1 billion to enhance its fiber network [4] - By the end of 2026, Frontier plans to add 2.8 million fiber locations to its existing 7.2 million [4] Group 4: Verizon's Network Efficiency - Verizon has one of the most efficient wireless networks in the U.S. and is actively expanding its fiber optics to support 4G LTE and 5G standards [5] Group 5: Financial Expectations - The acquisition is expected to yield at least $500 million in run-rate cost synergies by the third year, improving scale and network integration [7] - These enhancements are anticipated to support Verizon's strong balance sheet and liquidity in the coming quarters [7] Group 6: Stock Performance - Verizon's stock has increased by 20.8% over the past year, compared to the industry's growth of 35.1% [8]

Core Viewpoint - Frontier Airlines, a subsidiary of Frontier Group Holdings, is actively engaging with investors by participating in the Morgan Stanley 12th Annual Laguna Conference, highlighting its commitment to transparency and investor relations [1][2]. Company Overview - Frontier Airlines operates 148 A320 family aircraft and boasts the largest A320neo family fleet in the U.S. [3] - The company emphasizes its mission of "Low Fares Done Right" and is recognized for being the most fuel-efficient major U.S. carrier based on ASMs per fuel gallons consumed [3]. - Frontier has nearly 200 new Airbus planes on order, indicating a strategy for growth and expansion in providing affordable travel across America [3].

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: A Verizon retail location is shown in Willow Grove, Pa., Thursday, Feb. 22, 2024. Verizon is buying Frontier Communications in a $20 billion deal that helps bolster its fiber network. Credit: AP Photo/Matt Rourke, File Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fiber network. Verizon Communi ...

Competing fiber internet service providers Verizon and Frontier announced Thursday that the two have entered a definitive agreement in which Verizon will acquire Frontier Communications. The all-cash transaction, expected to close in approximately 18 months pending regulatory and Frontier shareholder approval, is valued at $20 billion. Post-close, Verizon's fiber reach and subscriber base will increase significantly. Frontier Fiber currently boasts approximately 2.2 million subscribers from 7.2 million loca ...