Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications stock.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) is a leading multinational telecommunications conglomerate, headquartered at 1095 Avenue of the Americas, Midtown Manhattan, New York City, and incorporated in Delaware. As a corporate component of the Dow Jones Industrial Average, Verizon stands out in the telecommunications industry by providing a wide range of services and solutions that include wireless communications, fixed-line telecom, and enterprise services.
Wireless Services: Verizon's wireless operations account for approximately 70% of its total service revenue, highlighting the significance of this segment. With about 93 million postpaid and 21 million prepaid phone customers, Verizon holds the title of the largest US wireless carrier. This expansive customer base is supported by the company's robust nationwide network, known for its reliability and wide coverage.
Fixed-Line Telecom: Verizon's fixed-line operations serve local networks in the Northeast, reaching around 29 million homes and businesses. The company caters to approximately 8 million broadband customers, providing high-speed internet services. Additionally, Verizon offers telecom services to enterprise customers across the nation, leveraging both its own and other carriers' networks.
Recent Achievements and Projects: Verizon is actively involved in several initiatives and partnerships that enhance its service offerings and community presence. Recently, Verizon announced the continuation of its partnership as the Official 5G partner of Houston Dynamo FC and the Houston Dash, which will last through the 2024 season. This partnership aims to bring fans closer to the teams they support with enhanced fan experiences.
In another exciting development, Verizon is connecting fans to music at the inaugural Festival La Onda by BottleRock® in Napa Valley, CA. Fans will benefit from perks such as VIP experiences, premium viewing decks, and exclusive merchandise.
Financial Performance: For the fiscal year 2023, Verizon generated revenues of $134.0 billion, reflecting its strong market presence and operational efficiency. The company's commitment to innovation and customer satisfaction continues to drive its financial success.
Social Initiatives: Verizon is dedicated to community engagement and social responsibility. The company is sponsoring events such as The Power Shift series with Johns Hopkins University and Medicine, aimed at discussing the intersection of AI and healthcare. Verizon's Citizen Verizon initiative focuses on preparing individuals for future jobs through tech skills training.
New Products: Verizon Business is introducing the Google Pixel 8a smartphone, equipped with advanced collaboration tools, robust security features, and AI technology. This addition enhances business mobility for Verizon's enterprise customers.
Verizon Communications Inc. remains at the forefront of the telecommunications industry, continually evolving to meet the demands of modern connectivity and innovation.
Verizon 5G Home Internet has launched in Detroit, marking the sixth city to offer this wireless broadband service. The plan costs $50/month for Verizon customers and $70/month for others, with no hidden fees or annual contracts. Customers can also enjoy various entertainment options, including a year of Disney+ and a month of YouTube TV at no additional cost. Enhanced services are now available in parts of Indianapolis and Los Angeles, with plans to expand to ten cities by the end of 2020.
Verizon Communications (NYSE: VZ) announced a quarterly dividend of 61.50 cents per share, remaining unchanged from previous quarters. This dividend is payable on August 3, 2020, to shareholders on record by the close of business on July 10, 2020. In 2019, Verizon distributed approximately $10.02 billion in cash dividends, with around 4.1 billion shares outstanding. Verizon generated $131.9 billion in revenues last year, showcasing its strong market presence in technology and communications.
Verizon Communications Inc. (NYSE: VZ) will announce its second quarter 2020 earnings on July 24, 2020. The results will be presented via a webcast at 8:30 a.m. ET, with access instructions available on Verizon's Investor Relations website at https://www.verizon.com/about/investors starting at 7:30 a.m. ET. Verizon, headquartered in New York City, recorded $131.9 billion in revenue in 2019, focusing on voice, data, and video services across its award-winning networks.
On May 27, 2020, Verizon (NYSE: VZ) announced that Ronan Dunne, executive vice president and CEO for Verizon Consumer, will speak at the virtual Bernstein 36th Annual Strategic Decisions Conference on May 28 at 3 p.m. ET. Interested parties can access the webcast through Verizon's Investor Relations website. Celebrating its 20th anniversary as a leading provider in technology and communications, Verizon generated $131.9 billion in revenue in 2019, offering various voice, data, and video services. For more updates, visit Verizon's online media center.
Verizon and the Los Angeles Unified School District have amended their agreement to enhance distance learning for students in California. This partnership aims to bridge the digital divide, providing internet access to low-income families. Verizon's commitment includes unlimited connectivity at discounted rates, aiding hundreds of thousands of additional students. This initiative supports the California Department of Education's mission to ensure every student has the necessary technology for academic success. LAUSD serves nearly 700,000 students, making it one of the largest school districts in the U.S.
Verizon has enhanced its hurricane season preparations, integrating requirements for additional personal protective equipment and virtualized command centers into its response plans. The Verizon Response Team is available 24/7, offering critical support to first responders. With heightened network demands due to COVID-19, Verizon focuses on ensuring reliable communication during crises, utilizing strategies like backup generators and mobile wireless centers. The company emphasizes individual and business readiness, encouraging communities to prepare personal communication plans as storm season approaches.
Verizon has announced several key 5G advancements, including the launch of a virtual lab aimed at accelerating 5G application development. San Diego becomes the 35th city to receive Verizon’s 5G Ultra Wideband service, set to go live on May 28. Additionally, 5G uploads are now available across all existing cities, enhancing user experience with faster upload speeds. The company has also formed partnerships with technology firms to improve millimeter wave coverage, indicating ongoing commitment to expanding its 5G capabilities.
Verizon has announced that the Samsung Galaxy S20 5G UW will be available for preorder starting May 21 for $41.66 per month over 24 months, totaling $999.99. This smartphone, designed for Verizon’s 5G Ultra Wideband network, features an advanced 64MP camera with 30x Space Zoom and can shoot 8K video. The device includes a 120Hz display and a 4,000 mAh battery. Verizon is also offering promotions, including up to $1,000 towards a second device with new lines, and discounts for existing customers upgrading their devices.
The 2020 Data Breach Investigations Report reveals that 86% of data breaches are financially motivated, up from 71% in 2019. Credential theft and social attacks are responsible for 67% of breaches, with web application attacks doubling to 43%. The report analyzed 32,002 security incidents, identifying patterns that can help organizations strengthen their defenses. Smaller businesses, particularly, are increasingly targeted, with phishing accounting for 30% of breaches. The findings underscore the urgent need for comprehensive security measures as cyber threats evolve.
Verizon acquired BlueJeans Network, Inc. on May 15, 2020, enhancing its Advanced Communications portfolio. This acquisition adds 390 new employees and bolsters Verizon's offerings in video conferencing, particularly critical during the pandemic. BlueJeans products are designed to integrate seamlessly with Verizon's mobile-first solutions and 5G roadmap, facilitating scalable and secure cloud-based meetings. Verizon generated $131.9 billion in revenue in 2019, positioning itself as a leader in technology and communications.
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