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Can VZ Capitalize on Santander Tie-Up to Boost Customer Benefits?
ZACKS· 2025-03-18 14:40
Core Insights - Verizon Communications Inc. is reportedly considering a partnership with Banco Santander to enhance customer satisfaction through extended bill credits for customers opening high-yield savings accounts with Santander's digital bank platform [1][3] - Santander aims to strengthen its presence in the U.S. by leveraging Verizon's customer base to develop its technology platform for consumer banking [2][3] - The partnership is part of Santander's strategy to establish itself as a full-service digital bank in the U.S. after launching its digital bank in October 2024 [3] Verizon's Business Strategy - Verizon focuses on a customer-centric model, delivering faster peak data speeds and capacity through disciplined engineering and infrastructure investments [4] - The company is experiencing significant 5G adoption and momentum in fixed wireless broadband, with various pricing plans leading to solid customer additions [5] - Verizon's growth strategy includes expanding its 5G mobility, nationwide broadband, and mobile edge compute solutions [6] Market Performance - Verizon's stock has gained 9.3% over the past year, while the industry has grown by 40.6% [7]
Verizon Business launches industry-first GenAI Assistant for small businesses
GlobeNewswire· 2025-03-18 13:00
Core Insights - Verizon Business has launched a new product, the Verizon Business Assistant, which utilizes Generative Artificial Intelligence (GenAI) to enhance operations for small businesses by automating customer interactions and improving engagement [2][4]. Group 1: Product Features and Functionality - The Business Assistant provides instant text responses to frequently asked questions and learns from interactions to build a knowledge base, ultimately reducing the need for human intervention [3][8]. - It allows small businesses to respond to customer inquiries 24/7, thereby increasing efficiency and customer service capabilities [7][8]. - Key features include automated responses, live team member handoff for complex inquiries, continuous learning to improve accuracy, and an insights dashboard for tracking customer trends [8]. Group 2: Market Demand and Business Impact - There is a growing demand from small business owners for technology that enhances operational efficiency and customer connection, particularly among younger generations [4][7]. - The solution aims to empower small businesses by providing them with access to AI tools that were previously more accessible to larger enterprises [7]. - By implementing the Business Assistant, small business owners can focus on higher-value tasks while ensuring customers receive timely and accurate responses [3][4]. Group 3: Company Overview - Verizon Communications Inc. generated revenues of $134.8 billion in 2024 and serves nearly all of the Fortune 500 companies, indicating its strong market presence and commitment to innovation [9].
Verizon Business supercharges IT security offering with Trusted Connection cybersecurity launch
GlobeNewswire· 2025-03-12 12:30
Verizon Business takes first-of-its-kind approach to network-native security for business with end-to-end solution that can be embedded in customer networksWhat you need to know: Trusted Connection is a Zero Trust Network Access (ZTNA) service for businesses that allows them to secure their devices, network, and cloud-hosted applications. It constantly verifies who’s accessing what and from where.It’s powerful technology that’s easy to use and ideal for midsize businesses. Trusted Connection combines networ ...
Why Verizon Stock Sank Today
The Motley Fool· 2025-03-11 20:58
Verizon (VZ -6.58%) stock lost ground in Tuesday's trading. The telecom giant's share price ended the daily session down 6.6%, and had been off as much as 8.4% earlier in trading.Verizon stock moved lower today following cautious guidance from the company. Management expects that subscriber growth will be pressured in the near term, and investors sold shares in response.Verizon stock sinks on tough wireless outlookCompetition for new wireless subscribers continues to be intense, and Verizon says that the dy ...
Verizon slumps on warning of softer quarter
Proactiveinvestors NA· 2025-03-11 14:09
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Verizon to speak at Deutsche Bank Conference March 11
Newsfilter· 2025-03-07 13:00
NEW YORK, March 07, 2025 (GLOBE NEWSWIRE) -- Frank Boulben, senior vice president and chief revenue officer for the Consumer Group of Verizon ((NYSE, NASDAQ:VZ), is scheduled to speak at the Deutsche Bank Media, Internet & Telecom Conference on Tuesday, March 11, at 8:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon's Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. ((NYSE, NASDAQ:VZ) powers and empowers how its millions of custom ...
Verizon tells customers to put the phone down.
GlobeNewswire· 2025-03-06 14:38
Core Insights - Verizon is launching initiatives to promote digital wellness for families, recognizing the challenge of managing screen time with an average of 18 connected devices per household [1][2] - The company aims to empower families with resources and tools for digital safety, ensuring technology enhances lives rather than detracts from them [2][4] Group 1: Strategic Initiatives - Verizon is introducing digital wellness programs to provide training and resources for users of all ages, focusing on building healthy habits and relationships with technology [4] - The Verizon Arcade Unplugged pop-up experience will encourage screen-free family time through life-sized interactive challenges, coinciding with the Global Day of Unplugging [5] Group 2: Partnerships and Collaborations - Verizon is collaborating with Discovery Education to create a Digital Citizenship Initiative, offering free tools and resources for K-12 students [7] - A partnership with Sesame Workshop aims to study the digital well-being of children aged 8 to 12, addressing technology use challenges faced by families [7] - Workshops for parents and caregivers will be offered in select Verizon retail stores through My Digital TAT2, focusing on fostering children's digital wellness [7] Group 3: Tools and Resources - The Verizon Family app provides features like location sharing, parental controls, and crash detection to keep families connected and protected [6] - A new digital wellness course for older adults is being developed in collaboration with OATS from AARP, focusing on safe technology use and privacy protection [7] Group 4: Financial Performance - Verizon generated revenues of $134.0 billion in 2023, showcasing its commitment to innovation and meeting customer needs [8]
Verizon: Don't Fall For This Dividend Play Right Now
Seeking Alpha· 2025-03-06 06:49
Verizon (NYSE: VZ ) reported good earnings in the recent quarter and was able to beat the revenue estimates by $350 million. The dividend yield is also at a healthy 6.3% rate, which has increased the attraction of the stock for investors lookingI have worked in the technology sector for over 4 years. This included working with industry stalwarts like IBM. I have done my MBA in finance and have been covering various blue chip stocks for the past 6 years. Having hands-on knowledge in the technology sector has ...
Verizon Communications (VZ) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-03-05 23:46
In the latest market close, Verizon Communications (VZ) reached $42.84, with a -0.07% movement compared to the previous day. The stock fell short of the S&P 500, which registered a gain of 1.12% for the day. On the other hand, the Dow registered a gain of 1.14%, and the technology-centric Nasdaq increased by 1.46%.The largest U.S. cellphone carrier's shares have seen an increase of 7.69% over the last month, surpassing the Computer and Technology sector's loss of 7.5% and the S&P 500's loss of 4.13%.The inv ...
Verizon adds new partners Singtel, Skylo to worldwide IoT platform
GlobeNewswire News Room· 2025-03-05 05:01
Core Insights - Verizon Business has expanded its IoT connectivity services by partnering with Singtel and Skylo, enhancing its global IoT offerings to cover up to 200 territories worldwide [2][9] - The Global IoT Orchestration service allows Verizon Business customers to activate devices internationally using partner networks, with Singtel focusing on the Asia Pacific region [3][9] - Skylo's satellite services will extend Verizon's domestic network coverage, particularly in areas with limited cellular connectivity, with plans for future international expansion [4][9] Company Developments - The integration of Global IoT Orchestration into the Verizon ThingSpace IoT management platform enables centralized management of IoT connectivity across all territories [5][9] - Verizon's revenue for 2024 was reported at $134.8 billion, indicating strong financial performance and a commitment to innovation in connectivity solutions [10] Partner Contributions - Singtel's partnership will enhance IoT connectivity for Verizon's customers in the Asia Pacific, facilitating real-time management of enterprise IoT applications [7] - Skylo's technology ensures continuous connectivity for IoT devices, addressing coverage challenges in industrial and enterprise applications [8]