Verizon Comms Stock Price, News & Analysis

Verizon is providing unlimited calling, texting, and data for consumer and small business customers impacted by wildfires in parts of California, Idaho, Montana, Nebraska, Oregon, and Washington from August 3-9, 2022. This initiative is aimed at helping residents during the current wildfire crisis, which has been exacerbated by extreme weather conditions. Additionally, the Verizon Frontline Response Team is offering critical communications support to first responders at no cost to public safety agencies.

Verizon announced a $15,000 investment to support a mentoring program with Gateway Global in St. Louis, enhancing STEM education and workforce development. This initiative aims to prepare youth for tech careers linked to the National Geo-Spatial Intelligence Agency's new headquarters. Verizon mentors have guided students in critical infrastructure skills while showcasing Verizon's 5G technology. The partnership reflects Verizon's commitment to fostering economic empowerment and stability in the local community, aligning with its broader mission to connect people through technology.

Verizon Connect has introduced an advanced AI Dashcam aimed at enhancing fleet safety and management. The new dashcam features real-time detection of hazardous driving behaviors and provides in-cab alerts to drivers. It is compatible with both new and existing Fleet and Reveal customers and boasts a modular design for easy upgrading. Additionally, the technology includes Advanced Driver Assistance Systems (ADAS) and a Driver-Monitoring System (DMS) to monitor driving behaviors. Verizon Connect has received nine industry awards in 2021 for its innovations, highlighting its competitive edge in the market.

Verizon partnered with local artist Peat “EYEZ” Wollaeger to create an Augmented Reality mural in St. Louis as part of its national #ACallForKindness campaign. Located at 6301 Delmar Blvd, the mural features a hidden smiley face symbolizing kindness. This initiative is part of Verizon's effort to foster community connections through art, with over 20 murals completed nationwide since the campaign's launch in October 2020. The campaign encourages individuals to perform acts of kindness and share their experiences on social media.

Verizon upgrades its fiber network infrastructure to enhance data management capabilities to 115 terabits per second (Tbps), with future scalability to 230 Tbps. This upgrade employs advanced 400 Gbps per port optical technology and is aimed at meeting the increasing data demands driven by the adoption of 5G. The equipment is provided by Juniper Networks and features automation, reduced space requirements, and improved efficiency. This core network enhancement will better support Verizon's wireless, home internet, and enterprise services.

Verizon kicked off its '#ACallForKindness' initiative with a 'Fuel the Love' campaign, surprising over 80 customers in Madison with free gas. This event aims to uplift communities while showcasing the benefits of being a Verizon customer. Verizon is promoting its Welcome Unlimited plan, offering substantial savings for families and rewards through the Verizon Visa Card, including a $100 statement credit for new cardholders. The campaign will extend to 15 cities, emphasizing the company's commitment to kindness and customer value.

Verizon Mobile Security Index 2022 shows a significant rise in cyberattacks, with 45% of companies experiencing compromises in the last year, a 22% increase year-over-year. 79% of respondents indicated that recent work practice changes have adversely affected their cybersecurity. 52% admitted to sacrificing mobile device security for productivity. Despite this, 85% of companies now allocate budgets for mobile security. The Index reveals varied impacts across sectors, with heightened security concerns in enterprise, retail, healthcare, and finance, highlighting a pressing need for robust cybersecurity measures.

Verizon has announced a $10,000 donation to the American Red Cross to aid recovery efforts for residents affected by severe flooding in the St. Louis area. This initiative demonstrates Verizon's commitment to community support in times of crisis. The company encourages its customers to contribute as well by texting to donate. Additionally, Verizon employees are being provided with volunteer opportunities through Citizen Verizon, reinforcing their engagement in relief efforts. In 2021, Verizon generated revenues of $133.6 billion, highlighting its robust financial presence in the technology and communications sector.

Verizon has announced new wireless home and business internet options for residents in Richmond, PA. Starting July 28, 2022, Verizon Home Internet begins at just $25 per month with AutoPay for premium Unlimited plan customers, while non-customers can access it for $50 per month. The service, powered by 5G Ultra Wideband, promises no extra fees or data caps. Additionally, businesses can benefit from 5G Business Internet with unlimited data and a 10-year price guarantee. This expansion is part of Verizon's commitment to enhancing connectivity.