Verizon Communications Inc. (VZ)
| Market Cap | 166.96B |
| Revenue (ttm) | 134.04B |
| Net Income (ttm) | 11.31B |
| Shares Out | 4.21B |
| EPS (ttm) | 2.67 |
| PE Ratio | 14.76 |
| Forward PE | 8.25 |
| Dividend | $2.66 (6.71%) |
| Ex-Dividend Date | Apr 9, 2024 |
| Volume | 12,276,754 |
| Open | 40.10 |
| Previous Close | 40.12 |
| Day's Range | 39.28 - 40.12 |
| 52-Week Range | 30.14 - 43.42 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 43.80 (+10.54%) |
| Earnings Date | Apr 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 15 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $43.8, which is an increase of 10.54% from the latest price.
News
Verizon supports Texas and Louisiana communities affected by recent storms
Call/Text/Data usage incurred by customers from May 17-23 will be waived for those impacted by recent storms Call/Text/Data usage incurred by customers from May 17-23 will be waived for those impacted...
Verizon to speak at J.P. Morgan conference May 21
NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the J.P. Morgan Global Technology, Media and Communications Conferenc...
Verizon Expects to Double Network Thanks to AI Demand
Verizon Communications is reportedly placing a significant bet on artificial intelligence (AI) as its next major growth driver. The company, which is the largest retail wireless carrier in the United ...
Verizon unveils new AI tools to transform customer experience
New human-assisted GenAI technology offers more transparency, saves time and simplifies tasks for employees helping customers New human-assisted GenAI technology offers more transparency, saves time a...
Verizon electrifying Rhode Island fleet of service vehicles
SMITHFIELD, R.I., May 13, 2024 (GLOBE NEWSWIRE) -- Verizon is powering its sustainability commitments by rolling out its first electric fleet in Smithfield, Rhode Island.
Verizon Frontline delivers critical connectivity solutions during INTEROP 2024
BRYAN-COLLEGE STATION, Texas, May 13, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Teams recently completed a deployment in support of first responders participating in INTEROP 2024,...
Verizon to speak at MoffettNathanson conference May 14
NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- Sowmyanarayan Sampath, executive vice president for Verizon (NYSE, Nasdaq: VZ), and CEO for Verizon Consumer, is scheduled to speak at the MoffettNathanson M...
WSJ: T-Mobile & Verizon in talks to carve up U.S. Cellular
Walter Piecyk, LightShed Partners, joins 'Squawk Box' to discuss news that T-Mobile and Verizon are in talks to carve up regional carrier U.S. Cellular, who stands to benefit from the deal, state of t...
U.S. Cellular Stock Pops on Possible Sale to Verizon, T-Mobile
The Journal reported on Thursday that Verizon and T-Mobile are looking to split the purchase of U.S. Cellular.
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday.
Verizon Public Sector earns $100M contract with the State of Michigan
LANSING, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Public Sector today announced it has been awarded a new contract by the State of Michigan valued at $100 million.
Verizon reports preliminary results of shareholder vote at 2024 annual meeting
BASKING RIDGE, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held tod...
Verizon's Small Business Digital Ready program reaches 300K businesses with free, online resources
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Verizon's Small Business Digital Ready Program, a free resource for small businesses to access over 50 courses, expert-led workshops, in-person and virtual n...
Verizon Business offers business customers pre-orders for the new Google Pixel 8a with Google AI
The newest phone from Google offers AI and more for businesses to help deliver productivity, security, and support - all at an affordable price.
Google AI meets bold style at an affordable price: Preorder the Pixel 8a on Verizon today
New and existing Verizon customers can get the Google Pixel 8a on us, with a new line on myPlan¹ New and existing Verizon customers can get the Google Pixel 8a on us, with a new line on myPlan¹
Verizon to donate $70K, celebrate Latino community in Chicago
CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- Verizon is making a commitment to local Latino-serving organizations for the support of small businesses and digital inclusion through $70,000 in new donation...
Verizon Frontline and NOAA to partner on advanced disaster response research
What You Need To Know Verizon Frontline will support NOAA research and severe storm damage assessment through a new Cooperative Research and Development Agreement The Verizon Frontline Crisis Response...
Cummins, Verizon Business ink groundbreaking deal for combo Neutral Host + Private 5G network
What you need to know: Cummins is the first announced customer for Verizon Business' all-new Neutral Host Network product. Verizon Business will provide Cummins with both a private 5G network and a ne...
Largest U.S. Pension Sold Verizon, Disney, and Peloton Stock. It Bought Moderna.
Calpers slashed investments in Verizon, Disney, and Peloton stock, and doubled down on Moderna shares in the first quarter.
Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™
Verizon Business has the unique position of being a global leader in cybersecurity with network expertise and visibility. Verizon Business has the unique position of being a global leader in cybersecu...
2024 Data Breach Investigations Report: Vulnerability exploitation boom threatens cybersecurity
What you need to know: Vulnerability exploitation surged by nearly 3X (180%) last year. Ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches.
2024 Data Breach Investigations Report: Half of the Breaches in EMEA are Internal
What you need to know: More than two-thirds (68%) of breaches globally involve a non-malicious human action. Vulnerability exploitation experienced 180% growth vs 2023.
Verizon donates $20,000 to the American Red Cross for disaster relief efforts in Oklahoma
The donation will support communities hardest hit by this weekend's storms The donation will support communities hardest hit by this weekend's storms
FCC Fines Verizon, T-Mobile and AT&T $200 Million for Sharing Customer Location Data
The agency issued penalties to the carriers for selling customer data to third parties without consent.
FCC fines wireless carriers nearly $200 million for sharing user locations without consent
The Federal Communications Commission has leveraged nearly $200 million in fines against wireless carriers AT&T, Sprint, T-Mobile and Verizon for illegally sharing customers' location data without the...