Verizon Communications Inc. (VZ)
| Market Cap | 173.27B |
| Revenue (ttm) | 134.04B |
| Net Income (ttm) | 11.31B |
| Shares Out | 4.21B |
| EPS (ttm) | 2.67 |
| PE Ratio | 15.40 |
| Forward PE | 8.63 |
| Dividend | $2.66 (6.47%) |
| Ex-Dividend Date | Jul 10, 2024 |
| Volume | 6,589,130 |
| Open | 41.13 |
| Previous Close | 41.10 |
| Day's Range | 40.95 - 41.39 |
| 52-Week Range | 30.14 - 43.42 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 44.14 (+7.34%) |
| Earnings Date | Jul 22, 2024 |
About VZ
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadba... [Read more]
Financial Performance
In 2023, VZ's revenue was $133.97 billion, a decrease of -2.09% compared to the previous year's $136.84 billion. Earnings were $11.61 billion, a decrease of -45.36%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $44.14, which is an increase of 7.34% from the latest price.
News
Verizon stands ready for planned power outages in Hawaii
HONOLULU, July 03, 2024 (GLOBE NEWSWIRE) -- We know how important it is to stay connected when the power goes out. We're committed to making sure Verizon customers can use their mobile devices during ...
Charter's stock is down 20% this year — but Citi sees new reason to sell
Charter Communications Inc. shares have lagged this year, falling more than 20% as the S&P 500 has increased almost 16%.
Telecom Stocks Set To Soar: Goldman Sachs Previews Verizon, AT&T, T-Mobile's Upcoming Earnings
The wireless telecom sector is heating up.
Verizon, AT&T, And T-Mobile Set For Gains, Goldman Sachs Cites AI and Data Center Demand
Goldman Sachs analyst James Schneider, Ph. D., initiated coverage on the U.S. Telecom Services and infrastructure sector (14 companies) and is most constructive on wireless carriers and data centers.
Verizon elects Caroline A. Litchfield to its Board of Directors
NEW YORK, June 27, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Caroline A. Litchfield, Executive Vice President and Chief Financial Officer ...
AT&T, Verizon and T-Mobile Users Hit by Service Outage in Europe
The disruption affected mostly visitors with AT&T, T-Mobile and Verizon service, cutting them off data networks across the continent for 24 hours or more.
Introducing myHome: Home internet and entertainment made simple
Home internet with price guarantees. The best entertainment and connected home perks.
Verizon Introduces New Customer-First Programs and Benefits, Refreshes the Brand
NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Verizon is announcing new programs and benefits that continue to give customers more choices and flexibility, and advance the momentum in the business. Veri...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Verizon Communications Inc. (NYSE: VZ)
NEW YORK , June 25, 2024 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Verizon Communications Inc. (NYSE: VZ) concerning possible breaches of fiduciary duty. To ...
Verizon to pay $1 million fine over 911 call outage in 2022
Verizon Communications' wireless unit will pay a $1.05 million fine to resolve an investigation that the company violated government rules by failing to deliver 911 calls during an outage in December ...
Verizon brings portable connectivity to sports and entertainment with new “Network in a Box”
ST. LOUIS, Mo., June 24, 2024 (GLOBE NEWSWIRE) -- With connectivity becoming increasingly critical to every aspect of large sports and entertainment events, Verizon has unveiled an innovative, first-o...
Verizon Frontline showcases advanced communications solutions at TechNet Cyber
BALTIMORE, Md., June 24, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline will demonstrate a number of innovative solutions designed to deliver mission-critical communications capabilities to public safety,...
Verizon to grant $61K to Latino-serving orgs, host STEM forum, offer free headshots at Boston event
BOSTON, June 24, 2024 (GLOBE NEWSWIRE) -- From 3 to 6 p.m. on Tuesday, June 25, Verizon will host the next event in the company's “Connected by Culture” series at Boston's Downtown Crossing store (340...
Verizon offers soccer fans the chance to win tickets to the most anticipated match of the summer
#SorteoALaFinal will take four lucky winners and their plus ones to Miami for a “VIP experience” of soccer's top men's tournament final contested among national teams from South and North America
Verizon Business Complete: a new smartphone management solution for all businesses
Verizon Business is the only U.S. carrier offering an end-to-end smartphone management for midsize businesses and enterprises
Verizon Frontline connects Utah first responders during search and rescue training
SEVIER, Utah, June 19, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently delivered mission-critical communications capabilities in support of the Sevier County Sheriff's Off...
Verizon chief revenue officer says 5G infrastructure investment is key
Massimo Peselli, chief revenue officer at Verizon, discusses the firm's expansion into 5G and says it is important to continue to invest in the infrastructure network.
AST SpaceMobile (ASTS) & Verizon (VZ) Partnership
AST SpaceMobile (ASTS) provides direct-to-cellular service when needed. George Tsilis discusses this company as AST SpaceMobile and Verizon (VZ) announced a partnership in May.
Verizon expands network capacity across Alaska
New capacity comes as Verizon marks its tenth anniversary serving Alaska New capacity comes as Verizon marks its tenth anniversary serving Alaska
Verizon uses GenAI to improve customer loyalty
U.S. telecom company Verizon is using generative to stop 100,000 customers from leaving its service this year by predicting why a customer is calling, connecting them with a suitable agent and reducin...
Verizon Business Recognized as a 2024 Gartner® Peer Insights™ Customers' Choice for IoT
The distinction of 2024 Gartner Peer Insights Customers' Choice for Managed IoT Connectivity Services, Worldwide1, reflects ratings from customers and end-users of IoT services. Customers' Choice vend...
Verizon upgrades network along Jersey Shore to bolster public safety, handle massive data increase
Sea Girt, Lavallette, Seaside Park, Ortley Beach get network upgrades for summer Sea Girt, Lavallette, Seaside Park, Ortley Beach get network upgrades for summer
Verizon gives beach goers a boost with expanded 5G service in Myrtle Beach and Hilton Head, SC
Survey shows 75% of beachgoers typically use their phone at the beach, just under two thirds who bring their phone say they've used it for work Survey shows 75% of beachgoers typically use their phone...
Can Verizon Stock Gain 50% To $59 As 5G Buildout Winds Down?
Verizon stock currently trades at about $40 per share, 33% below the levels seen on May 10, 2021 (pre-inflation shock high) of $59. In comparison, peer T-Mobile has seen its stock gain about 25% over ...