Verizon Networks, Inc. (VZ) recently announced that Knightscope, a renowned developer of autonomous security robots, has opted to utilize VZ’s industry-leading network portfolio. Notably, Knightscope has received endorsement from the U.S. Department of Veterans Affairs ("VA") for its security offerings. The partnership agreement with Knightscope aligns with Verizon’s long-term vision to expand its commercial footing in public-safety space and deepen its partnership with the U.S. Department of VA.In 2023, th ...

Verizon Communications' (VZ 1.83%) major news on Wednesday was entirely expected. Still, it helped push the company's stock into positive territory. Verizon's shares closed the trading session nearly 2% in response, providing a positive contrast to the flatlining S&P 500 index.Say hello to a shiny new assetIn this month of high-profile elections, Verizon's news had to do with a shareholder vote. Frontier Communications Parent (FYBR 1.52%) investors were polled in a special shareholders meeting to either acc ...

Verizon Communications Inc. (VZ) recently announced a two-year extension to its Global Network Solutions contract with the Department of Defense (DoD), bringing the total revenues for the contract, initially awarded in 2016, to over $98 million. The extension will focus on establishing a critical point-to-point network connection within Southwest Asia, providing essential communications capabilities for U.S. government operations. The task order is aligned with the DoD's initiatives to phase out Time Divisi ...

Verizon Communications Inc. (VZ) recently activated more than 740 new Fixed Wireless Access (FWA) lines with the Tri-County Metropolitan Transportation District of Oregon (TriMet) to improve the mass transportation capabilities in the Portland metropolitan region. The superior bandwidth of FWA will help the transit agency with state-of-the-art connectivity and on-the-go traffic updates for enhanced bus, light rail, commuter rail and paratransit service in the region.With fast, reliable and scalable wireless ...

CHICAGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Verizon and ForgiveCo are proud to announce a transformative partnership to eliminate $3 million in consumer debt for veterans across Michigan, Missouri, and Wisconsin. For veterans in greater Detroit, St. Louis, and Milwaukee, Verizon and ForgiveCo will clear $1 million in debt in each metropolitan market, providing financial relief to Veterans and their families. Running from Thanksgiving through Christmas, the program will erase $250,000 in veteran debt each wee ...

The veteran telecom giant boasts a large dividend, but an impending acquisition may muddy the waters.Shares of telecom giant Verizon (VZ -0.22%) have been on an upswing. The stock is up about 14% over the past 12 months at the time of this writing. While a rising share price is welcome, perhaps the stock's most appealing aspect is as an income investment.Verizon's dividend serves as a reliable source of passive income, given its 18 straight years of increases. It also sports an impressive forward-dividend y ...

IRVINE, Calif., Nov. 08, 2024 (GLOBE NEWSWIRE) -- The Mountain and Broad Fires are the latest wildfires to ignite in California, and Verizon remains committed to maintaining the safety and connectivity of communities, businesses, and first responders throughout affected areas in Ventura County and Malibu. As wildfires this year have increased in both number and severity, Verizon teams have employed advanced technology and readiness strategies to help our customers stay connected. Steven Keller, Pacific Mark ...

PORTLAND, Ore., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced the activation of more than 740 new Fixed Wireless Access (FWA) lines with the Tri-County Metropolitan Transportation District of Oregon (TriMet), a transit agency providing bus, light rail, commuter rail, and paratransit service in the Portland metro region. FWA delivers fast, reliable, and scalable wireless network connectivity. The ample bandwidth provided by FWA enables TriMet to leverage data-rich and mission-critical ap ...

New York, NY, Nov. 07, 2024 (GLOBE NEWSWIRE) -- In a Fast-Track SWIFT challenge brought by T-Mobile US, Inc., BBB National Programs’ National Advertising Division recommended that Verizon Communications Inc. either discontinue certain claims about satellite-supported texting services in remote locations or, alternatively, modify the advertising to clearly and conspicuously disclose the necessary conditions for Verizon customers to use this feature. Fast-Track SWIFT is an expedited process designed for singl ...

Verizon's Financial Performance - Verizon's stock has underperformed over the past five years, with shareholders incurring losses totaling 31% and total returns (including dividends) at a negative 10% [4] - The company has struggled to grow revenue and operating income, with minimal growth in five years and declining earnings [5] - Verizon's operating income over the past nine months was $21.3 billion, with interest costs totaling $5 billion, representing close to one-quarter of its operating income [8] Valuation and Dividend Yield - Verizon is trading at 18 times earnings, with a forward price-to-earnings multiple of less than 9, indicating a low valuation [3] - The stock offers a high dividend yield of 6.6%, which is attractive to income-focused investors [7][8] Industry and Market Conditions - The telecom industry has faced challenges due to the pandemic and inflation, impacting consumer and business spending [5] - Consumers have delayed upgrading their phones due to budgetary concerns, but this trend could reverse with the introduction of AI-powered phones [6] Potential Catalysts for Growth - Verizon's pending acquisition of Frontier could expand its fiber network, although it would add to the company's debt [6] - Lower interest rates or debt reduction could improve investor sentiment and potentially lead to a stock rally [9] Investment Considerations - Verizon is not a growth stock but offers long-term potential for operational growth and a high dividend yield [7] - The company's high debt load of nearly $130 billion is a concern, but solid interest coverage mitigates some risk [8][10] - Investors may consider Verizon a bargain buy due to its low valuation and high yield, with potential catalysts on the horizon [9][10]