Verizon Comms Stock Price, News & Analysis

Verizon announced its second virtual commencement series, "Ready for Anything", featuring speakers like Aisha Bowe, Alex Rodriguez, and Ajay Banga. The events, streamed on Twitter and LinkedIn on June 3 and June 17 at 11:00 a.m. ET, aim to support graduates amid ongoing pandemic challenges. Freestyle Love Supreme Academy will provide live performances. CEO Hans Vestberg emphasized the importance of connecting with graduates during this time. Verizon, a leader in technology and communications, reported revenues of $128.3 billion in 2020.

Verizon has appointed Mark Jules as the Head of Sensor Intelligence, a position aimed at enhancing automation solutions using the company's 5G Ultra Wideband network. This role is part of the New Business Incubation team and focuses on leveraging sensor data for improved efficiency. Jules, with over 20 years of experience in IoT and smart spaces, aims to drive advancements in sensor fusion technologies. Verizon has a notable portfolio in IoT solutions, contributing to its $128.3 billion revenue in 2020.

Verizon Media has launched a comprehensive Digital Out-of-Home (DOOH) product suite, allowing advertisers to plan, execute, and measure campaigns seamlessly. This self-serve platform addresses key advertiser needs, as 93% prefer a centralized digital advertising solution. The suite features tools for forecasting, first-party re-engagement, and measurement of campaign effectiveness leveraging Verizon’s extensive data network. With increased DOOH investment predicted post-lockdowns, this offering positions Verizon Media to capitalize on the growth of omnichannel marketing strategies.

Verizon has enhanced its mobile gaming offerings by providing six months of either Apple Arcade or Google Play Pass for new and existing customers with unlimited plans, effective May 25. This initiative aims to boost their entertainment value, including popular streaming services and extensive mobile gaming options.

On May 25, 2021, Hans Vestberg, CEO of Verizon (NYSE: VZ), will speak at the virtual J.P. Morgan Global Technology, Media and Communications Conference at 8 a.m. ET. The event will be available via webcast on Verizon’s Investor Relations website. Established on June 30, 2000, Verizon is a leading global provider of technology and communications services, with 2020 revenues of $128.3 billion. The company offers comprehensive data, video, and voice solutions, addressing customer needs for mobility and reliable network connectivity.

Verizon has expanded its 5G Ultra Wideband network to 14 more arenas, becoming the exclusive 5G partner for 15 NBA teams. This brings the total to over 60 venues equipped with 5G, enhancing fan experiences with real-time stats and next-gen solutions for arena operations. The deployment supports applications like ShotTracker, providing low-latency game stats. Verizon’s 5G Ultra Wideband network is available in over 70 cities, offering speeds up to 4 Gbps and enhancing customer engagement.

Verizon is testing immersive experiences for hockey fans using 5G Ultra Wideband and real-time edge computing in partnership with the NHL. The company is installing 5G in select arenas and trialing applications that enhance live game experiences. Recently, at a New Jersey Devils game, an AR app demonstrated real-time player tracking, showing stats like speed and time on ice when users pointed their 5G devices. The 5G Edge platform resulted in a 35% improvement in latency, allowing for instantaneous stats updates, enhancing fan engagement and interaction.

Verizon has been recognized as a Leader in the Gartner March 2021 Magic Quadrant for Managed IoT Connectivity Services, noted for its completeness of vision and ability to execute. The company appointed TJ Fox as Senior Vice President of Industrial IoT and Automotive, tasked with expanding Verizon's presence in the connected vehicle and industrial equipment markets. Fox brings nearly three decades of experience within the company, previously leading initiatives that contributed to annual revenues of $12 billion for Verizon Business.