Verizon Comms Stock Price, News & Analysis

Verizon Business reports that over 67% of small and midsize businesses (SMBs) feel better off than a year ago, highlighting a strong recovery and increased technology adoption. Key findings show that 77% of SMBs have upgraded their technology, while 63% transitioned to digital operations. Despite hiring challenges, 55% added new employees. SMBs anticipate higher revenue from digital operations, and 88% emphasize flexible schedules to attract talent. Verizon is launching Small Business Days from April 28 to May 4, offering up to $1,500 in savings on services like 5G Business Internet.

Verizon and Oracle are collaborating to leverage 5G Ultra Wideband technology at the new Oracle Industry Lab near Chicago. This partnership aims to explore innovative solutions across various sectors, including utilities and construction. The lab will enable partners to test and develop 5G applications that address pressing industry challenges such as carbon reduction and worker safety. Tami Erwin, CEO of Verizon Business, highlighted the lab's potential to facilitate next-level innovation. The partnership supports Verizon's broader strategy to revolutionize industries using 5G.

Verizon is enhancing customer convenience by rolling out Express Pickup Lockers at 250 retail locations across the U.S. as of April 25, 2022. These lockers enable customers to pick up online orders outside regular store hours, providing a seamless shopping experience. A recent survey indicates that 75% of Americans prefer using secure lockers for purchases, citing time-saving and avoiding crowds as key benefits. Verizon aims to bridge traditional retail and e-commerce, adapting to consumer preferences for flexibility and convenience.

Verizon Communications reported strong first-quarter 2022 results, driven by record demand for fixed wireless broadband and significant growth in wireless service revenues.

Key highlights include total revenue of $33.6 billion, a 2.1% increase from the previous year, and earnings per share (EPS) of $1.09, down from $1.27.

Notably, wireless service revenues surged by 9.5%, while total broadband net additions reached 229,000, the highest in over a decade. The company anticipates continued strong performance, especially with the expansion of its 5G Ultra Wideband network.

Verizon Communications Inc. (NYSE: VZ) will report its first-quarter 2022 earnings on April 22, 2022, during a webcast starting at 8:30 a.m. ET. Preceding the announcement, access instructions and presentation materials will be available on Verizon's Investor Relations website at 7:30 a.m. ET. In 2021, Verizon generated revenues of $133.6 billion, providing technology and communications services globally, including data, video, and voice solutions.

Verizon has announced that HBO Max will join its new subscription management platform, +play, allowing users to discover and manage various streaming services in one location. This partnership aims to address customer challenges in subscription management while enhancing Verizon's content offerings. The platform, which currently features over 20 streaming services including Disney+ and Netflix, will be available to customers at no additional cost later this year. The initiative reflects Verizon's commitment to providing comprehensive media solutions for its users.

Verizon Business has published a white paper with Boston Consulting Group detailing how meetings can be optimized to increase productivity. CEO Tami Erwin and Chief Revenue Officer Sampath Sowmyanarayan emphasize that simple adjustments, like scheduling shorter meetings and reassessing the necessity of recurring ones, can yield significant benefits. Data from an internal experiment with 150 employees revealed that 90% found new meeting practices effective, with 83% feeling more comfortable using asynchronous communication. The report encourages businesses to adopt these strategies for enhanced flexibility and collaboration.

Verizon Connect has launched a new integration for its Reveal Field software with Intuit QuickBooks Online to simplify invoicing for field service organizations. This enhancement allows users to seamlessly create and sync invoices, thus improving productivity and customer satisfaction. The integration is available for existing users of QuickBooks in the U.S. and is designed to save time and reduce errors by eliminating the need to manually enter data twice. Verizon Connect continues to innovate, earning multiple industry awards in 2021, showcasing its commitment to providing advanced solutions.

Verizon is increasing the minimum wage for new employees in customer service, retail, and inside sales to $20 per hour. Existing employees earning less than this amount will also receive automatic adjustments. Additionally, premium pay differentials will be implemented for assistant managers working on holidays and Sundays, as well as those who are bilingual. To attract talent, Verizon will offer sign-on bonuses in select markets. These changes are based on employee feedback and aim to improve customer experiences and employee satisfaction.