Verizon Communications (VZ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this largest U.S. cellphone carrier have returned +5.3%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Wireless National industry, which Verizon falls in, has lost 0.5%. The key question now is: What could be the stock's future direction?Alt ...

Bruce Bennett Thesis Verizon Communications Inc. (NYSE:VZ) stands to benefit from the transition to 5G, with its strong 4G network. The company has taken several steps to spur revenue growth, including targeted price hikes and a lineup of unlimited plans. The business segment will benefit going forward from the 5G enterprise services, a market that is expected to grow at a CAGR of 32.6% till 2032 to $47.07 billion. Verizon's broadband segment is expanding rapidly, while the retirement of legacy products in ...

Financial Performance - Verizon's total operating revenues for the year ended December 31, 2023, were $133.974 billion, a decrease of 2.0% from $136.835 billion in 2022[354]. - The company's net income for 2023 was $12.095 billion, down 44.4% from $21.748 billion in 2022[356]. - Verizon's operating income decreased to $22.877 billion in 2023, compared to $30.467 billion in 2022, reflecting a decline of 25.1%[354]. - Verizon's basic earnings per share attributable to common shareholders decreased to $2.76 in 2023 from $5.06 in 2022, a decline of 45.5%[354]. - Total comprehensive income for 2023 was $12.580 billion, down from $20.810 billion in 2022, reflecting a decrease of 39.6%[356]. - Verizon's interest expense increased to $5.524 billion in 2023, compared to $3.613 billion in 2022, marking a rise of 52.9%[354]. - Total current assets decreased to $36,814 million in 2023 from $37,857 million in 2022, reflecting a decline of 2.8%[358]. - Cash and cash equivalents at the end of the period were $3,497 million, down from $4,111 million in 2022, representing a decrease of 15%[359]. - Long-term debt decreased to $137,701 million in 2023 from $140,676 million in 2022, a reduction of 2.1%[358]. - Total equity increased to $93,799 million in 2023 from $92,463 million in 2022, reflecting a growth of 1.4%[358]. Revenue Segmentation - The company reported Enterprise and Public Sector revenues of $15.1 billion in 2023, accounting for approximately 50% of the Business segment's total revenues[21]. - Business Markets and Other revenues reached $12.7 billion in 2023, representing approximately 42% of the Business segment's total revenues[24]. - Wholesale revenues were $2.3 billion in 2023, making up approximately 8% of the Business segment's total revenues[25]. - The company's service revenues and other for 2023 were $109.652 billion, slightly up from $109.625 billion in 2022[354]. Network and Technology - The company’s 5G network, utilizing C-Band spectrum, covers approximately 242 million people in the U.S. as of December 31, 2023[32]. - The 4G LTE network covers approximately 330 million people, excluding areas served by LTE in Rural America partners[33]. - The company has approximately 3.1 million FWA broadband connections as of December 31, 2023[16]. - The company is transforming its network architecture into the Intelligent Edge Network to enhance performance and simplify operations[31]. - The company’s global IP network provides connectivity to Business customers in over 190 countries, supporting the demand for cloud-based solutions[40]. - The company holds spectrum licenses covering nearly all of the U.S. population, including low and mid-band spectrum for mobile and fixed wireless services[41]. Competition and Market Dynamics - The telecommunications industry remains highly competitive, with factors such as network reliability, pricing, and customer service influencing market dynamics[45]. - Competition is intensified by aggressive pricing, promotions, and the emergence of new competitors, including MVNOs and smaller wireless providers merging with larger ones[46]. - The company faces competition from major players like AT&T and T-Mobile, as well as resellers such as Comcast and Charter Communications[47]. - Increasing competition is also expected from technology companies like Microsoft and Apple, which offer alternative messaging and voice services[48]. - The market is shifting from traditional linear video to OTT offerings, with customer migration from traditional voice services to wireless services continuing[49]. Employee and Workforce - As of December 31, 2023, the company employed approximately 105,400 individuals, with 89% based in the U.S., and has a commitment to diversity and inclusion in its workforce[65][67]. - The company engages with unions representing approximately 24% of its employees, with collective bargaining agreements extending through August 1, 2026[68]. Debt and Financial Obligations - As of December 31, 2023, approximately 76% of the total debt portfolio consisted of fixed-rate indebtedness, with a potential annual interest expense change of approximately $379 million for a 100-basis-point change in floating rate debt[327]. - The fair value of long-term debt and related derivatives was $150.058 billion as of December 31, 2023, with a sensitivity analysis indicating a fair value range of $142.551 billion to $158.912 billion for a 100-basis-point shift[330]. - The fair value of interest rate swaps was $4.5 billion as of December 31, 2023, with a total notional amount of $26.1 billion[331]. - The fair value of cross currency swaps was $762 million as of December 31, 2023, with a total notional amount of $33.5 billion[334]. - The company posted $1.4 billion of collateral related to derivative contracts under collateral exchange agreements as of December 31, 2023[326]. - The company transitioned outstanding debt and derivative transactions from LIBOR to the Secured Overnight Financing Rate by June 30, 2023, with no significant impact on financial position[328]. - The company is exposed to foreign currency risks primarily related to the British Pound Sterling, Euro, Australian Dollar, and Swedish Krona[332]. - The total notional amount of foreign exchange forwards was $1.1 billion as of December 31, 2023[335]. Goodwill and Impairment - The goodwill related to Verizon's Business Group reporting unit was $1.7 billion as of December 31, 2023, representing 0.4% of total assets[348]. - An impairment charge of $5.841 billion was recorded for the Business reporting unit during the year[354]. - The company incurred a goodwill impairment of $5,841 million related to the Verizon Business Group[359]. - Goodwill impairment testing is performed annually in the fourth quarter or more frequently if impairment indicators are present[400]. Capital Expenditures and Investments - Capital expenditures, including capitalized software, were $18,767 million in 2023, down from $23,087 million in 2022, a decrease of 18.5%[359]. - Verizon completed the acquisition of TracFone Wireless, Inc. for approximately $3.5 billion in cash and stock, with additional contingent consideration of up to $650 million[452]. - Verizon made payments of $257 million and $188 million related to contingent consideration for TracFone in 2023 and 2022, respectively[453]. Revenue Recognition and Contracts - The company recognizes revenue from contracts with customers primarily through telecommunications services and equipment sales, adhering to GAAP standards[370]. - The allowance for credit losses is reassessed quarterly based on management's expectations, considering factors such as historical experience and current macroeconomic conditions[392]. - The company recognizes revenue from telematics services primarily through subscription contracts, with revenue recognized over time[385]. - Advertising revenues are generated through display and search advertising, with revenue recognized as ads are delivered[384]. - The company completed the sale of Verizon Media on September 1, 2021, which primarily earned revenue through display advertising[384]. - Consumer group contracts with traditional wholesale resellers typically extend longer than two years, with some including minimum revenue commitments[437]. - As of December 31, 2023, the total transaction price related to unsatisfied performance obligations expected to be recognized in 2024, 2025, and thereafter is $25.7 billion, $18.7 billion, and $7.5 billion, respectively[438]. - Contract liabilities increased by $668 million during the year ended December 31, 2023, primarily due to increases in sales promotions and upfront fees[442]. - Revenue recognized related to contract liabilities for the years ended December 31, 2023, and 2022 was $4.9 billion and $5.0 billion, respectively[442]. - Total contract assets as of December 31, 2023, amount to $814 million, a slight decrease from $863 million in 2022[444]. - Deferred contract costs totaled $5,395 million as of December 31, 2023, compared to $5,104 million in 2022[448]. - The company recognized $3.2 billion in expenses for the amortization of deferred contract costs in 2023, up from $3.0 billion in 2022[449].

NEW YORK--(BUSINESS WIRE)--Total by Verizon, a fast-growing prepaid no-contract wireless carrier from Verizon, is bringing back '90s Latin dance music and laughter to the Big Game with a new take on the hit merengue song “Suavemente.” The :30 spot is directed by comedian, producer, and musician Fred Armisen. Topping the charts and winning hearts worldwide, “Suavemente” quickly became a Spanish-language standard in Latin music. The new “Totalmente” campaign, created by Ogilvy, flips the song on its head, ...

OKLAHOMA CITY--(BUSINESS WIRE)--The law firm of Federman & Sherwood has initiated an investigation into Verizon Communications with respect to their recent data breach. On February 7, 2024, Verizon Communications notified individuals that the company experienced a data breach after an unauthorized party accessed sensitive consumer data entrusted to the company. According to Verizon Communications, they determined that information stored on their servers may have been subject to unauthorized access on Septem ...

ugurhan Written by Sam Kovacs Introduction I always thought the Dogs of the Dow, to be an overly simplistic investment strategy which missed more than it captured. Simply picking the 10 stocks from the Dow with the highest dividend yield each year seems to be a bit of a stretch. It is an extremely crude implementation of the "value" factor, which should be distinguished from value investing. Value investing and the value factor both aim to capitalize on undervalued stocks, but they approach this goal differ ...

SANTA CLARA, Calif., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Verizon and Ericsson recently completed a trial of advanced Low-Latency, Low-Loss, Scalable Throughput (L4S) capabilities that will optimize Verizon's 5G network for more robust solutions like interactive video, remote control of industrial processes, augmented reality (AR) and virtual reality (VR). "While the first wave of 5G saw massive network infrastructure deployments, increased 5G adoption, and rapid ecosystem building, the second wave of the 5G e ...

Total by Verizon to offer free car clean-ups for Big Game rideshare drivers throughout Las Vegas Feb 9-12 (Graphic: Total by Verizon)Total by Verizon to offer free car clean-ups for Big Game rideshare drivers throughout Las Vegas Feb 9-12 (Graphic: Total by Verizon)LAS VEGAS--(BUSINESS WIRE)--Total by Verizon, a fast-growing prepaid no-contract wireless and home internet provider from Verizon, will take over a local Las Vegas car wash to offer free car washes and clean-up services for rideshare drivers duri ...

Verizon Communications Inc. (VZ) , a frontrunner in embracing virtualized and open RAN (Radio Access Network) technologies, has propelled the deployment of more than 130,000 O-RAN capable radios, including massive MIMO radios. This significant milestone reinforces Verizon's dedication to fostering O-RAN standards and technology, marking a pivotal shift toward a more open and interoperable network ecosystem.The transition to Open RAN holds the promise of multifaceted benefits, ranging from enhanced deploymen ...

What you need to know: Verizon is waiving domestic call/text/data usage incurred Feb 4 - Feb 13 for prepaid and postpaid consumer and small business customers* in the most impacted parts of CaliforniaVerizon donates $100,000 to local relief organizations IRVINE, Calif., Feb. 05, 2024 (GLOBE NEWSWIRE) -- In response to devastations caused by the historic rainfall and flooding in California, Verizon is waiving prepaid and postpaid call/text/data usage incurred from February 4 - February 13, for California res ...