Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms stock.
Verizon Communications Inc. (VZ) delivers cutting-edge wireless, broadband, and enterprise solutions through America's most reliable network. This news hub provides investors and industry professionals with direct access to official press releases and strategic updates from the telecommunications leader.
Track Verizon's latest 5G deployments, financial results, technology partnerships, and infrastructure investments. Our curated collection features earnings announcements, product launches, and regulatory filings – all essential for understanding the company's market position.
Key updates include network expansion initiatives, enterprise cloud solutions, and advancements in AI-driven connectivity. Bookmark this page for real-time insights into Verizon's operational developments and competitive strategies within the evolving telecom sector.
Yahoo Finance is set to host the All Markets Summit: Road to Recovery on October 26th at 9AM ET. This global livestream event will feature over 30 notable speakers including Dr. Anthony Fauci, Bill Gates, and Doug McMillon. The summit will address critical issues concerning economic recovery, the coronavirus, and diversity in business. Following the success of the Berkshire Hathaway Shareholders Meeting, which drew 5.5 million views, this summit promises to be Yahoo Finance's largest virtual event. More details can be found at YahooFinanceAMS.com.
Verizon is investing over $44 million in workforce development to enhance access to a free tech-focused career training program aimed at reskilling Americans. This initiative, in partnership with nonprofit Generation, will expand the program to 26 cities by the end of 2022. With the goal of preparing 500,000 individuals for future jobs by 2030, the online program will focus on high-demand tech roles, including Cloud Practitioner and Web Developer. New classes will start in November, targeting vulnerable populations.
Verizon Business has unveiled the VNS Application Edge, a Platform as a Service (PaaS) designed for enterprises to manage containerized applications across extensive sites. This solution enables businesses to deploy applications at the edge, utilizing a managed Kubernetes service for seamless operation. With this automation framework, Verizon enhances lifecycle management for multi-cloud environments, improving bandwidth-intensive content delivery. Target use cases include real-time anomaly detection, enhanced retail experiences, and predictive maintenance in manufacturing.
Verizon partners with the Cooper Hewitt, Smithsonian Design Museum to create innovative digital interactions in museums through a new competition. The initiative, Activating Smithsonian Open Access, will award $10,000 to up to six teams to develop prototypes using 2D and 3D digitized artifacts. This follows a trend where Verizon uses 5G technology for augmented reality (AR) experiences, enhancing educational content for students and remote learners. Verizon aims to improve engagement with museum collections while fostering creative collaborations.
Verizon Business is hosting a Small Business Webinar on October 27th featuring entrepreneur and Shark Tank star Lori Greiner, co-hosted by Ramon Ray. The series aims to support small businesses during the pandemic, having attracted over 32,000 views since its launch in April. Attendees can pre-register and ask questions during the event. Verizon's initiatives include the Comeback Coach, a resource hub, and a $7.5 million grant program supporting small businesses through the Local Initiatives Support Corporation.
Verizon Communications reported strong Q3 2020 results, showing resilience amid challenges. The company achieved EPS of $1.05, down from $1.25 in Q3 2019, with adjusted EPS holding steady at $1.25. Operating revenue declined by 4.1% year-over-year to $31.5 billion. However, cash flow from operations surged to $32.5 billion, increasing by $5.7 billion year-over-year. Wireless service revenue grew slightly by 0.3% to $16.4 billion, highlighted by significant Fios Internet net additions, the highest since Q4 2014. The outlook includes adjusted EPS growth of 0% to 2% for the full year.
Verizon, along with Ericsson and Qualcomm, has achieved a milestone in 5G technology by demonstrating peak speeds of 5.06 Gbps using carrier aggregation on mmWave spectrum. This demonstration involved combining multiple channels of spectrum to enhance data efficiency. Verizon's Vice President Brian Mecum emphasized the company's commitment to innovation in 5G, with potential speeds reaching up to 10 Gbps and latency under 5 milliseconds. This collaboration showcases the advancements in mobile technology aimed at enhancing customer experience.
Verizon has expanded its partnership with Niantic, the developer of Pokémon GO, enhancing mobile gaming for Verizon wireless customers. The collaboration aims to create immersive AR experiences using the 5G network. Customers can look forward to exclusive events and rewards, including a Pokémon GO Special Weekend on November 7, featuring unique Pokémon and in-game bonuses. Verizon emphasizes the potential of its 5G Ultra Wideband Network to transform gaming experiences, leading the industry with innovative partnerships and technology.
Verizon Communications Inc. (NYSE: VZ) will announce its third quarter 2020 earnings on October 21, 2020, at 8:30 a.m. ET. Access to the earnings news release and financial tables will be available at 7:30 a.m. on the company’s Investor Relations website. Verizon, a global leader in technology and communications, reported revenues of $131.9 billion in 2019. Celebrating two decades in the industry, the company offers a wide range of services on its advanced networks, focusing on customer connectivity and security.
Verizon has announced its international private 5G platform, developed in partnership with Nokia, aimed at global enterprises in Europe and the Asia-Pacific region. This initiative allows businesses to deploy dedicated 5G networks on-site, offering ultra-low latency and customized solutions without relying on public networks. The offering supports digital transformation for industries requiring reliable wireless connectivity. Additionally, Verizon continues to invest in its 5G strategy, marking a significant step in its global 5G vision.
