Verizon Comms Stock Price, News & Analysis

Verizon Communications Inc. (VZ) will announce its third-quarter 2021 earnings on October 20, 2021, at 8:30 a.m. Eastern Time. Details on accessing the webcast and presentation materials will be available on Verizon’s Investor Relations website starting at 7:30 a.m. The company, headquartered in New York City, generated revenues of $128.3 billion in 2020 and is a leading provider of communication and technology services.

Verizon’s private mobile edge compute solution with AWS Outposts is now generally available for enterprise customers in the U.S. This solution provides compute and storage services at the network edge, enabling high bandwidth and low latency for real-time applications like logistics and factory automation. Corning is leveraging Verizon 5G Edge to innovate in fiber-optic cable manufacturing. This partnership aims to enhance efficiency, security, and productivity through advanced technologies including machine learning and augmented reality. Verizon's edge computing capabilities mark a significant step in optimizing enterprise operations.

Verizon, Samsung, and Qualcomm have achieved a significant milestone in 5G technology, reaching upload speeds of 711 Mbps using mmWave spectrum during a lab trial. This speed is noteworthy as it enhances user experiences for both individual and enterprise applications, supporting activities like video uploads and cloud collaboration. Verizon plans to expand its mmWave cell sites from over 17,000 to 30,000 by the end of 2021, indicating a commitment to infrastructure development. This collaboration aims to drive 5G commercialization, enhancing connectivity in dense urban environments.

Verizon Communications Inc. plans to redeem $477.6 million of its 4.15% Notes due 2024 on November 12, 2021. The redemption price will be the greater of 100% of the principal or the present value of remaining payments discounted at the Treasury Rate plus 25 basis points, plus accrued interest. Investors can direct questions to U.S. Bank National Association, the paying agent. Verizon generated $128.3 billion in revenue in 2020 and remains a leading provider of technology and communication services worldwide.

Verizon announces the exclusive offer of the motorola edge 5G UW, a feature-rich 5G smartphone starting at $18.33/month with select Unlimited plans. The device boasts advancements such as a 108 MP camera, 6.8" Max Vision display, and enhanced mobile audio with Verizon Adaptive Sound. Customers can also access perks like six months of Google Play Pass and bundled subscriptions to Disney+, Hulu, and ESPN+ with certain plans. The motorola edge 5G UW is available for order starting October 14, 2021.

Verizon Business has been recognized by Gartner as a Visionary in the Magic Quadrant for Meeting Solutions for its BlueJeans Meetings. This recognition highlights Verizon's completeness of vision and ability to execute. The platform has seen impressive growth, with video conferencing license sales increasing 377% year-over-year and new bookings rising 174%. Leveraging Verizon’s 5G network enhances video collaboration capabilities, aiming to redefine work flexibility.

On October 11, 2021, Verizon launched Women’s CoLab, an initiative aimed at supporting women in re-entering the workforce post-COVID-19, which saw 5.4 million women losing jobs. The effort features resources, virtual events, and expert insights to help women achieve their career goals in a digital economy. Key partners include Accenture and Mastercard. A survey revealed 60% of women can't afford training, demonstrating the critical role of Women’s CoLab in promoting gender equality in the workplace.

Verizon continues to expand its 5G services, now offering 5G Home Internet in 60 cities, 5G Ultra Wideband mobility in nearly 90 cities, and 5G Business Internet in 57 cities. Significant changes include unlimited Verizon Business plans featuring mobile hotspots starting at $30 per line. The 5G Home service boasts max download speeds of up to 1 Gbps, affordable pricing beginning at $50/month, and incentives for switching from other providers. For businesses, new plans offer extensive features like unlimited premium data, saving up to $80/month by bundling services.

Verizon and the Los Angeles Unified School District have expanded their partnership to improve digital access for families in California, addressing the 9.6% of households without internet. This initiative provides mobile broadband and voice service plans to eligible families, initially launched during the pandemic for distance learning. The expansion also supports public libraries under the same contract terms, enhancing resources for education and job retraining. Verizon's commitment aims to bridge the digital divide across California, ensuring reliable internet for those in need.