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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 and Samsung to showcase 5G innovations at SoFi Stadium in Los Angeles on October 11th
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Verizon's Test Force hunts down unauthorized RF signals to improve network experience for customers
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Verizon introduces augmented reality math app for students
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iHeartMedia and Will Ferrell’s Big Money Players Podcast Network (BMP) announce the 'Big Money Players Circle', a group of hand-selected social media comedy creators to be showcased across iHeartMedia's platforms.
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Straight Talk Wireless offers free Walmart+ membership with Unlimited Gold and Platinum plans
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CASETiFY announces partnership with Verizon, expanding retail presence to over 500 locations in the US. Top-selling accessories for new iPhone available in-store and online. Expected to boost market share and acquire new customers.
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Verizon offers deals on Google Pixel 8 Pro, Pixel 8, and Pixel Watch 2 with trade-ins and select plans
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Verizon awards $500,000 to four climate tech solutions providers focused on reducing climate change impacts on communities. Winners include Sesame Solar, 10Power, Raincoat, and Perimeter. Verizon will support winners in scaling their businesses through consulting and guidance. The Climate Resilience Prize is part of Citizen Verizon's responsible business plan.
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Verizon announces a new subscription bundle featuring Netflix Premium and NFL+ Premium for $25 per month on +play, offering up to $120 in annual savings. The bundle provides access to ad-free movies, TV shows, live sports, and exclusive NFL content. Verizon and the NFL deepen their partnership to enhance the fan experience. Customers can redeem the offer through +play, available to Verizon mobile, 5G Home, and LTE Home Internet customers.
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Verizon invites individuals to share stories of community impact for a chance to win cash grants. Verizon supports the Latino community through various initiatives. They awarded $10,000 grants to 25 Hispanic small business owners and expanded the Verizon Innovative Learning Schools program. 48% of students in the program identify as Hispanic or Latino. Verizon offers value and connectivity options for customers in Latin America.
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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