Verizon Comms Stock Price, News & Analysis

Verizon has announced a significant expansion of its adfellows paid fellowship program, aiming to increase opportunities for diverse talent from 30 to 250 fellows annually by 2026. This initiative addresses the diversity gap in advertising and marketing, backed by industry partners like IPG, Publicis Groupe, and Accenture. New partners including Disney Ad Sales and CVS Health join the program, which will also expand to Chicago. With a 98% placement rate in full-time positions, the program enhances career acceleration for participants, funded to alleviate financial barriers.

Verizon Business has partnered with the New York Islanders to enhance fan engagement through technology. The BlueJeans Meetings integration allows fans to connect via video during games, providing a more immersive HOMEICE Experience. This initiative leverages Verizon’s 5G network, enhancing in-arena interaction for fans worldwide. Scheduled to launch on April 28, 2022, the feature aims to foster community among the Islanders' global fanbase, offering chat, trivia, and prize opportunities. With a revenue of $133.6 billion in 2021, Verizon continues to innovate in the sports engagement sector.

Verizon is preparing for the 2022 hurricane season with extensive training and resources to ensure communication continuity for communities and first responders. The company has been performing emergency drills, testing network readiness, and securing backup systems. Verizon Frontline is set to support emergency responders with portable cellular infrastructure and communication tools. The company emphasizes its commitment to reliability, with 100% of macro cell sites equipped with battery backup. In 2021, the Verizon Frontline Response Team supported 84 deployments across 13 states, readying the network for potential storm impacts.

Verizon Business reports that over 67% of small and midsize businesses (SMBs) feel better off than a year ago, highlighting a strong recovery and increased technology adoption. Key findings show that 77% of SMBs have upgraded their technology, while 63% transitioned to digital operations. Despite hiring challenges, 55% added new employees. SMBs anticipate higher revenue from digital operations, and 88% emphasize flexible schedules to attract talent. Verizon is launching Small Business Days from April 28 to May 4, offering up to $1,500 in savings on services like 5G Business Internet.

Verizon and Oracle are collaborating to leverage 5G Ultra Wideband technology at the new Oracle Industry Lab near Chicago. This partnership aims to explore innovative solutions across various sectors, including utilities and construction. The lab will enable partners to test and develop 5G applications that address pressing industry challenges such as carbon reduction and worker safety. Tami Erwin, CEO of Verizon Business, highlighted the lab's potential to facilitate next-level innovation. The partnership supports Verizon's broader strategy to revolutionize industries using 5G.

Verizon is enhancing customer convenience by rolling out Express Pickup Lockers at 250 retail locations across the U.S. as of April 25, 2022. These lockers enable customers to pick up online orders outside regular store hours, providing a seamless shopping experience. A recent survey indicates that 75% of Americans prefer using secure lockers for purchases, citing time-saving and avoiding crowds as key benefits. Verizon aims to bridge traditional retail and e-commerce, adapting to consumer preferences for flexibility and convenience.

Verizon Communications reported strong first-quarter 2022 results, driven by record demand for fixed wireless broadband and significant growth in wireless service revenues.

Key highlights include total revenue of $33.6 billion, a 2.1% increase from the previous year, and earnings per share (EPS) of $1.09, down from $1.27.

Notably, wireless service revenues surged by 9.5%, while total broadband net additions reached 229,000, the highest in over a decade. The company anticipates continued strong performance, especially with the expansion of its 5G Ultra Wideband network.

Verizon Communications Inc. (NYSE: VZ) will report its first-quarter 2022 earnings on April 22, 2022, during a webcast starting at 8:30 a.m. ET. Preceding the announcement, access instructions and presentation materials will be available on Verizon's Investor Relations website at 7:30 a.m. ET. In 2021, Verizon generated revenues of $133.6 billion, providing technology and communications services globally, including data, video, and voice solutions.

Verizon has announced that HBO Max will join its new subscription management platform, +play, allowing users to discover and manage various streaming services in one location. This partnership aims to address customer challenges in subscription management while enhancing Verizon's content offerings. The platform, which currently features over 20 streaming services including Disney+ and Netflix, will be available to customers at no additional cost later this year. The initiative reflects Verizon's commitment to providing comprehensive media solutions for its users.