Verizon Comms Stock Price, News & Analysis

Verizon Business has launched the 5G Immersive Retail Accelerator program with Digital Catapult and leading brands like Burberry, Diageo, and L’Oréal UK & Ireland. This unique initiative aims to harness 5G technology to tackle real-world retail challenges, focusing on enhancing customer experiences through innovative solutions. Start-ups and scale-ups in the immersive and retail sectors are invited to participate, gaining access to 5G capabilities and industry insights. The program will culminate in a showcase of new concepts over approximately 10 months.

Verizon's Preparedness for Wildfire Season

IRVINE, Calif., June 23, 2021 – As experts predict another extreme wildfire season, Verizon details its extensive preparations to ensure network reliability. The company has backup generators at most cell sites and has implemented redundant systems to maintain operations during power outages. Verizon Frontline provides essential support to first responders at no cost. Enhanced strategies include pre-arranged fuel deliveries, mobile communication centers, and improved response capabilities with drones. Verizon emphasizes year-round readiness to keep customers connected during emergencies.

Kentucky has been named the kindest state in America, according to new research conducted by Verizon in partnership with Kindness.org. The study surveyed thousands of individuals across all 50 states to assess acts of kindness. Key findings indicate that the average American is willing to sacrifice $6.40 to ensure a stranger receives $10. Kentucky topped the list, followed by New Mexico and Oklahoma. Verizon's campaign, "A Call for Kindness," promotes various acts of kindness through community involvement and partnerships. For more details, visit verizon.com/kindness.

Verizon announced the acquisition of Senion, a leader in location-responsive solutions, on June 21, 2021. This strategic move enhances Verizon’s location technology offerings, particularly in indoor positioning and navigation. Senion’s advanced machine-learning sensor fusion technology provides sub-meter accuracy, improving indoor wayfinding and analytics.

The acquisition is expected to leverage Verizon’s 5G capabilities, enhancing the integration of sensor fusion technology with location services and streamlining workflows for enterprises.

Verizon Public Sector has been awarded a contract by the Department of Defense to provide next-generation, secure networking services for its High Performance Computing Modernization Program (HPCMP) and Defense Research and Engineering Network (DREN). This setup aims to enhance supercomputing capabilities and facilitate collaboration among researchers across 200 RDT&E laboratories. The network will support high speeds of up to 400Gbps, promoting advancements in AI, climate change research, and autonomous defense systems.

Verizon Communications Inc. (NYSE: VZ) will announce its second quarter 2021 earnings on July 21, 2021, via a webcast at 8:30 a.m. Eastern Time. The earnings news release and financial tables will be accessible from Verizon's Investor Relations website starting at 7:30 a.m. on the same day. In 2020, Verizon generated revenues of $128.3 billion and is recognized as a leading provider of technology, communications, and entertainment services worldwide.

Verizon Family Money is a new app and prepaid debit card designed to help parents teach their kids about money management. Available for a 30-day free trial, it empowers children aged 8-17 to save, spend, and earn money while parents maintain control. Key features include a spending account, a savings Vault, and tools for parents to monitor activities and set limits. The service auto-renews at $5.99/month after the trial. Verizon aims to enhance financial literacy for families while expanding its suite of customer services.

Verizon Frontline's Response Team (VRT) supported PATRIOT 21, a National Guard-sponsored training exercise in Wisconsin, aimed at enhancing disaster response coordination. Utilizing over 100 advanced technologies, the VRT established essential communication capabilities for emergency responders during simulated crises, including earthquakes and mass casualty events. In 2020, the VRT responded to over 2,000 incidents, showcasing its expertise in disaster response. This initiative reflects Verizon Public Sector's ongoing commitment to partnership in public safety and defense.

Matt Ellis, CFO of Verizon (NYSE: VZ), will speak at the virtual Credit Suisse Communications Conference on June 15, 2021, at 3:40 p.m. ET. His remarks will be webcast, accessible via Verizon’s Investor Relations website. Verizon, founded on June 30, 2000, is a leading global provider of technology, communications, and entertainment services. In 2020, the company reported revenues of $128.3 billion, offering data, video, and voice solutions across robust networks.