Verizon Communications isn’t selling as many landlines to businesses as it once did. ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Verizon Communications Inc. has continued to face pressures in its business wireline operations, and it said Wednesday that it will be taking a roughly $5.8 billion impairment charge related to this part of the business. The noncash goodwill impairment charge for the fourth quarter comes after Verizon VZ, -0.04% finished a five-year planning review of its business reporting segment, which yielded lower financial projections than the prior five-year review did. Verizon pointed out in a Wednesday filing that ...

Verizon Communications (VZ) closed the most recent trading day at $39.29, moving +1.89% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.37% for the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq lost 0.19%.The largest U.S. cellphone carrier's shares have seen an increase of 2.36% over the last month, surpassing the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 1.56%.The investment community will be paying close atten ...

As world business leaders, heads of state and more plan to address numerous global issues at the 2024 World Economic Forum in Davos, one CEO highlighted the "most important" infrastructure focuses of the century. "I think one of the most important infrastructures in this century is a digital infrastructure," Verizon CEO Hans Vestberg said on "Mornings with Maria," Tuesday."People being connected all the way from having connectivity and having services like digital healthcare, digital education, financial in ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Verizon Communications (VZ) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2024, might help the stock move higher if these key numbers are bette ...

Imgorthand/E+ via Getty ImagesWhile shareholders in Verizon (NYSE:VZ) suffered through a tough 2023, at least the stock is well above its 52-week low. Even so, that is meager consolation for long-term investors in VZ. From late 2018 through the middle of 2021, Verizon routinely traded in the high $50s to low $60s range. As I write these words, it swaps hands for $38.44 per share. The current valuation has Verizon, with a forward price-to-earnings ratio of 8.76x, valued far below its 10-year average. Mor ...

Verizon (VZ 0.10%) has started generating more cash flow and is paying down debt, but is it enough for the stock to outperform the market in 2024?In this video, Travis Hoium covers the company's recent financials, where we're seeing growth, and why this could be a market outperformer this year.*Stock prices used were end-of-day prices of Jan. 6, 2023. The video was published on Jan. 8, 2024. ...

The latest trading session saw Verizon Communications (VZ) ending at $39.08, denoting a +0.1% adjustment from its last day's close. This change lagged the S&P 500's 0.57% gain on the day. Meanwhile, the Dow experienced a rise of 0.46%, and the technology-dominated Nasdaq saw an increase of 0.75%.Heading into today, shares of the largest U.S. cellphone carrier had gained 4.66% over the past month, outpacing the Computer and Technology sector's gain of 1.51% and the S&P 500's gain of 3.4% in that time.The inv ...

Verizon Communications Inc. (VZ) announced the launch of 5G services through a newly constructed cell tower dubbed Dragon Tower at the U.S. Army’s Helemano Military Reservation (HMR) center in Hawaii. It is one of the 13 new or in-progress cell towers provisioned for connectivity enhancement in the region.HMR’s military housing accommodates around 2000 service members and families at Schofield Barracks and Wheeler Army Airfield. The remote nature of the location makes it difficult to establish reliable conn ...