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Verizon Communications - VZ STOCK NEWS

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.

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Verizon announced new grant funding opportunities for small businesses through the Verizon Small Business Digital Ready program. Small business owners can access free courses, 1:1 coaching, peer networking, and the chance to apply for a $10,000 grant. The program has already supported over 200,000 small business owners nationwide. Small businesses can unlock the grant application by completing at least two courses, coaching sessions, or community events. The program aims to provide essential knowledge and tools for small businesses to succeed in the digital economy.
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Verizon and UNINTERRUPTED have announced their new campaign 'Verizon Run the Playlist' in collaboration with the NFL. The campaign will feature Apple Music playlists curated by players from all 32 teams, available exclusively on Apple Music. It will also include a digital content series where NFL stars will have conversations with music artists to explore the intersection of culture and sports. The campaign will be featured in pre-game broadcasts during select Sunday and Monday night football games.
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Verizon Business is now offering Apple Business Essentials, a subscription service that provides device management, 24/7 support, and cloud storage for small and midsize businesses using Apple products. The service aims to help businesses easily manage and support their fleet of Apple devices, maximizing operations and minimizing employee downtime. Customers can choose from a range of plans priced from $2.99 to $24.99 per user per month.
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Verizon Innovative Learning HQ is partnering with Games for Change to offer two new professional development courses and an online app to promote game-based learning and Esports in schools. The courses, Introduction to Games and Learning and Esports: The What, Why and How, aim to provide teachers with tools and resources to engage students through gaming. The online app, Verizon Innovative Learning Lab: Career Pathways, allows users to explore STEM careers, including Esports, through industry simulations using augmented reality.
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Verizon and Cisco have completed trials in their commercial fiber network in Long Island, NY, demonstrating increased speed, reliability, and overall capacity. The trial showed Verizon transporting 1.2 terabytes per second of data using a single wavelength over longer distances through more nodes. This upgrade allows data to travel farther and faster, leading to a better customer experience and higher reliability. Verizon has invested heavily in its fiber network and continues to expand its presence in the Northeast.
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Verizon and Omaha Productions have announced an exclusive partnership to bring innovative 5G entertainment and content to fans. The first experience, 'Game Winning Drive,' is an immersive football trivia game that features high-fidelity volumetric AR celebrity hosts Peyton Manning and Emmanuel Sanders. The game can be played on phones and offers a virtual football-themed game show set.
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Verizon and the Baltimore Ravens have renewed their partnership to boost connectivity and enhance the fan experience. Customers wearing purple during the Nov. 3 Purple Friday event at Verizon's Frederick store can save $50 when they add a new line or Home Internet.
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Verizon employee and breast cancer survivor Jill Stair shares her journey to recovery. Jill Stair, a Senior Analyst in Verizon Global Services, discovered a change in her breast in 2013 and was diagnosed with breast cancer. She underwent treatment and is now cancer-free. Jill's story highlights the importance of early detection and the support she received from Verizon during her recovery.
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Verizon Foundation commits $2 million to relief efforts amidst international humanitarian crises
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Verizon completes deployment of high-speed broadband internet service in Delaware ahead of schedule, bringing more choice for customers. Over 200 miles of fiber deployed, funded by $6 million from the American Rescue Plan. Verizon expands wireless home and business internet services in Rehoboth and Dewey Beach. Offers free home internet service through the Affordable Connectivity Program. Fios broadband service with no data caps starts at $25 per month.
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FAQ

What is the current stock price of Verizon Communications (VZ)?

The current stock price of Verizon Communications (VZ) is $43.98 as of November 25, 2024.

What is the market cap of Verizon Communications (VZ)?

The market cap of Verizon Communications (VZ) is approximately 185.0B.

What services does Verizon Communications Inc. offer?

Verizon offers wireless communications, fixed-line telecom, and enterprise services, providing data, video, and voice solutions.

How significant is Verizon's wireless segment?

Wireless services account for about 70% of Verizon's total service revenue and nearly all of its operating income, serving 93 million postpaid and 21 million prepaid customers.

Where is Verizon headquartered?

Verizon is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, and is incorporated in Delaware.

What recent partnerships has Verizon announced?

Verizon announced the continuation of its 5G partnership with Houston Dynamo FC and the Houston Dash through the 2024 season and is also an Official Partner of Festival La Onda by BottleRock®.

How does Verizon engage with the community?

Verizon engages with communities through initiatives like The Power Shift series with Johns Hopkins University, discussing AI in healthcare, and the Citizen Verizon program, which prepares individuals for future jobs.

What is Verizon's latest smartphone offering?

Verizon Business customers can preorder the new Google Pixel 8a, which features advanced collaboration tools, robust security, and AI technology.

How did Verizon perform financially in 2023?

Verizon generated revenues of $134.0 billion in 2023, demonstrating its strong market presence and operational success.

What is the focus of Verizon's Citizen Verizon initiative?

Citizen Verizon focuses on educating individuals about AI and tech skills through community events and programs like Verizon Skill Forward.

What is Verizon's involvement in Festival La Onda?

At Festival La Onda, Verizon offers VIP experiences, a premium viewing deck at the Verizon Stage, charging stations, and exclusive merchandise for fans.

Which contract has Verizon been selected for by the Department of the Navy?

Verizon has been selected for the Wireless and Telecommunications Services contract vehicle (Spiral 4), valued at up to $2.67 billion over 10 years.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Stock Data

184.97B
4.21B
0.04%
65.53%
1.2%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK