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Can You Hear Your Income Pouring In? - Verizon
Seeking Alpha· 2024-09-16 11:35
Meeko Media/iStock via Getty Images Co-authored by Treading Softly When was the last time that you had a second thought about paying your power bill, cell phone bill, or Internet bill? When was the last time you thought deeply before flipping on a light switch or starting your car? You see, there are many things that we do without even a second of additional thought. We do them because they're necessary, or we do them because we need to. We turn on the lights when we enter a room because we need visibility. ...
Will Verizon's Restructuring Initiatives Impact Stock Performance?
ZACKS· 2024-09-13 18:00
Verizon Communication, Inc. (VZ) recently disclosed that it is set to incur a severance charge between $1.7 billion and $1.9 billion in the third quarter of 2024. In a bid to trim operating costs, the telecom giant announced a voluntary separation program in June for management staff based in the United States. Per the program, about 4,800 employees are expected to depart by the end of March, 2025 and over half of these workers are set to leave by the end of September 2024. The company is also planning to d ...
Verizon Business' award-winning Innovation Sessions head back to the nation's capital
GlobeNewswire News Room· 2024-09-13 17:00
What you need to know: Verizon Business in partnership with Ericsson will host its third Innovation Session of 2024 at Capital One Arena in Washington, D.C. on September 17The session will feature panel discussions from industry experts at Google, U.S. Customs and Border Protection, U.S. Secret Service, NHL, Monumental Sports & Entertainment and Ericsson NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Verizon Business is set to bring the latest iteration of its Innovation Sessions tour to Capital One Arena in ...
Verizon expands 4G, 5G coverage in Savannah, GA
GlobeNewswire News Room· 2024-09-13 13:00
ALPHARETTA, Ga., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Verizon recently turned on new cell sites, bringing fast and reliable 4G LTE and 5G Ultra Wideband service to residents and visitors of Pooler, Port Wentworth, and Savannah, including the Historic District. Whether enjoying connecting with friends and family while on the move, connecting their smart homes through Verizon Home Internet, or using Verizon service for small business or enterprise applications, Verizon customers in the Savannah area just got a ...
Verizon Communications (VZ) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-09-11 22:50
In the latest market close, Verizon Communications (VZ) reached $43.75, with a +0.23% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 1.07%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 2.17%.The the stock of largest U.S. cellphone carrier has risen by 7.04% in the past month, leading the Computer and Technology sector's loss of 0.16% and the S&P 500's gain of 2.92%.The investment community will be paying close attention to the earnin ...
Verizon Just Increased Its Dividend for the 18th Year in a Row. Will Its $20 Billion Acquisition Put That Streak in Jeopardy?
The Motley Fool· 2024-09-10 09:00
The telecom giant's leverage ratio is about to go in the wrong direction.Verizon (VZ 3.84%) is one of the top dividend stocks in the S&P 500. The telecom giant's payout currently yields more than 6.5%. That puts it among the 10 highest yields in that broad market index, where the average is less than 1.5%. Further, the company recently increased its payout for the 18th straight year. That's the longest current streak in the U.S. telecom sector. A big factor driving Verizon's ability to continue increasing i ...
Verizon: Another Harmful Dividend Hike
Seeking Alpha· 2024-09-09 18:45
J Studios/DigitalVision via Getty Images The biggest complaint about Verizon Communications Inc. (NYSE:VZ) for years now has been the weak balance sheet. The wireless giant constantly places too much emphasizes into hiking the dividend annually and the BoD didn't fail to disappoint last week with a dividend hike and a large cash acquisition thrown on top. My investment thesis remains Neutral on the stock, with the balance sheet again stressed by these moves. Source: Finviz Dividend Just when Verizon was ...
Verizon Communications Inc. (VZ) Goldman Sachs Communacopia + Technology Conference (Transcript)
2024-09-09 18:27
Verizon Communications Inc. (NYSE:VZ) Goldman Sachs Communacopia + Technology Conference September 9, 2024 11:50 AM ET Company Participants Hans Vestberg - CEO and Chairman Conference Call Participants Jim Schneider - Goldman Sachs Jim Schneider Okay, good morning, everybody. Welcome to the kick-off presentation of the Goldman Sachs Communacopia and Tech Conference. I'm Jim Schneider, I'm the telecom analyst here at Goldman Sachs. And it's my pleasure to welcome Verizon Communications and the CEO, Hans Vest ...
The $20 Billion Reason Everyone Is Talking About Verizon Stock Again
The Motley Fool· 2024-09-07 08:07
Verizon's $20 billion acquisition of Frontier comes with plenty of risks.Verizon (VZ -0.39%) announced a $20 billion acquisition of Frontier Communications Parent (FYBR 1.51%) this week in an effort to expand fiber services in the U.S. The price tag is high, but there's a reason this could pay off, and it has more to do with bundling than just fiber. Travis Hoium digs into the good and the bad of this deal in this video.*Stock prices used were end-of-day prices of Sept. 5, 2024. The video was published on S ...
Verizon Communications (VZ) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-09-05 22:51
The latest trading session saw Verizon Communications (VZ) ending at $41.31, denoting a -0.41% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.3%. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.The largest U.S. cellphone carrier's stock has climbed by 2.98% in the past month, exceeding the Computer and Technology sector's gain of 1.22% and lagging the S&P 500's gain of 3.42%.The upcoming earnings release of Verizon Commun ...