Verizon Comms Stock Price, News & Analysis

Verizon announces relief measures for customers affected by the Pacific Northwest storm, waiving domestic call/text/data usage charges from Nov. 21-27, 2024, for prepaid and postpaid customers in Washington's King, Skagit and Snohomish counties. The company's prepaid brands are extending service end dates to November 27. Verizon's engineers are focusing on restoring connectivity and maintaining service through refueling operations at sites without commercial power. No action is required from customers as overages will be automatically credited.

Verizon has introduced several GenAI-powered tools to enhance holiday shopping experience. The improved myVerizon app offers a complete retail store experience, with over half of customer accounts using it 2-3 times monthly. The company's Personal Research Assistant reduces call times by 30 seconds, while the Personal Shopper and Problem Solver cuts transaction times by three minutes. Additional services include Express Lockers for same-day device pickup, Pro on the Go for home delivery and setup, and various holiday offers combining tech, streaming services, and brand perks.

Verizon Business has secured a new 5-year agreement with the U.S. Department of Agriculture (USDA), valued at $21 million in the first year. The contract will provide wireless services and service-enabled devices supporting over 60,000 lines of service, with potential for mobile broadband expansion across USDA field offices. The partnership aims to enhance USDA's connectivity capabilities nationwide, supporting its mission in modern agriculture and rural development through improved data management, streamlined operations, and enhanced decision-making capabilities.

Verizon has achieved a significant milestone by deploying the first-ever O-RAN-based Distributed Antenna Systems (DAS) with multi-vendor interoperability at The University of Texas Moody Center and Austin Convention Center. The systems integrate Samsung vDU with Commscope DAS using O-RAN interfaces, demonstrating successful vendor interoperability in a commercial setting. This deployment reduces costs related to power, space, and cooling by eliminating unnecessary RF equipment while improving reliability. Verizon has already deployed over 130,000 O-RAN capable radios in its network, showcasing its commitment to advancing O-RAN technology and fostering innovation in the RAN ecosystem.

Verizon Frontline has announced Dejero as its latest 'Verizon Frontline Verified' partner, joining Panorama Antennas in meeting the program's rigorous standards. Dejero manufactures GateWay network aggregation devices that provide high-quality live video and real-time data transmission over IP networks. The company's products, including the GateWay 211 and GateWay M6E6, support the Verizon Frontline Crisis Response Team in assisting public safety agencies nationwide.

The verification program designates vendors whose products have been thoroughly tested for public safety use on the Verizon network. Dejero's solutions combine various telecommunication networks, including 4G/5G cellular, satellite, and fixed broadband, to create a cloud-managed 'network of networks' for enhanced reliability and coverage.

Verizon has issued a statement congratulating FCC Commissioner Brendan Carr on his appointment as the next Chairman of the Federal Communications Commission. Hans Vestberg, Verizon's chairman and CEO, praised Carr's understanding of how policies affect investment decisions and his support for approaches that benefit American consumers and competitiveness. The statement highlighted Carr's advocacy for smart spectrum policies and his recognition of the wireless industry's need for spectrum access to maintain U.S. global wireless leadership.

Verizon (NYSE, Nasdaq: VZ) announced that Tony Skiadas, executive vice president and chief financial officer, will speak at the Morgan Stanley European Technology, Media and Telecom Conference on Thursday, November 21, at 2:05 a.m. ET. The presentation will be available via webcast through Verizon's Investor Relations website.

Verizon, headquartered in New York City, is a global telecommunications company serving millions of customers and nearly all Fortune 500 companies. The company generated revenues of $134.0 billion in 2023, focusing on providing mobility, reliable network connectivity, and security services.

Verizon Connect has released its fifth annual Fleet Technology Trends Report, surveying 543 fleet management professionals. The report shows that over 80% of fleets use at least one form of fleet technology, with GPS fleet tracking adoption at 69%. Key findings reveal significant improvements in cost savings, with fuel savings doubling from 8% to 16% between 2021-2025, and accident cost savings increasing from 11% to 22%. 47% of users achieved positive ROI from GPS tracking within a year. The report also highlights increased adoption of in-cab video solutions, with 68% of users rating them highly beneficial. Additionally, 28% of respondents use GPS tracking to identify suitable EV applications, while 77% cite rising costs as their top challenge.

Verizon Business has partnered with Knightscope to provide connectivity for autonomous security robots (ASRs). The collaboration focuses on deploying K5 security robots and K1 emergency communication devices at commercial and government facilities. The K5 ASR has received FedRAMP approval from the U.S. Department of Veterans Affairs, validating its security compliance. Operating 24/7 with Verizon's 4G LTE connectivity and future 5G integration, the K5 offers real-time monitoring capabilities through the Knightscope Security Operations Center interface. This partnership extends Verizon's relationship with the VA, following a $448.3 million contract for mobile devices and mission-critical communications support.