Verizon Comms Stock Price, News & Analysis

Verizon has announced the launch of four new mobile hotspot plans designed to meet the needs of travelers and digital nomads. The plans offer data allowances ranging from 15 GB to 150 GB per month, with access to 5G Ultra Wideband on the top tiers. Prices start at $20 per month for the Essential plan and go up to $110 for the Premium option. Customers with qualifying Unlimited plans can enjoy significant discounts on these new offerings, enhancing their mobile connectivity while on the go.

Verizon announces key leadership changes with the appointments of Tony Wells as Senior Vice President, Chief Media Officer, and Jennifer Gardner as Vice President, Media Platforms. Wells transitions from USAA, bringing extensive marketing and brand experience, while Gardner joins from Unilever, focused on media strategy and diversity initiatives. These changes aim to enhance Verizon's media strategy and drive brand innovation as part of its commitment to responsible marketing, succeeding John Nitti, who has been promoted within the company.

Verizon has unveiled enhanced features for its BlueJeans Events platform, addressing challenges highlighted in a Forrester survey. New integrations include HTML Embed Enhancements and MootUp Integration, enhancing event customization and attendee engagement. With 80% of firms believing improved virtual strategies can match in-person success, Verizon aims to reshape event marketing strategies for its clients as demand for virtual events soars post-pandemic.

Verizon Public Sector has secured a $78.8 million task order from the U.S. Department of Defense to enhance network modernization services for the Air National Guard (ANG) Readiness Center. The award will expand services across approximately 140 locations, focusing on transitioning from legacy TDM systems to advanced IP voice services and managed network solutions. This initiative is part of the ANG's broader digital transformation strategy, aimed at improving operational capabilities while leveraging Verizon’s expertise in network solutions.

Verizon and Samsung Electronics have successfully conducted an end-to-end fully virtualized 5G data session using C-band spectrum in a live network, marking a significant milestone in the expansion of 5G Ultra Wideband. The trial involved cloud-native virtualization and Massive MIMO technology, enhancing 5G performance. This initiative will enable flexibility, scalability, and cost efficiency in delivering 5G services, aiming to provide coverage to over 250 million people by 2024. The collaboration reinforces Verizon's commitment to advanced network capabilities and customer satisfaction.

Verizon is gearing up for the back-to-school season with a range of 5G phones, tablets, and accessories. The company offers exclusive pricing for teachers and college students, including $30 per line on Unlimited plans for teachers and two lines for $95 per month for college students. Customers can trade in damaged devices for substantial discounts on new 5G smartphones, and special offers on iPads are also available. Verizon continues to enhance its services with device protection options and bundles for home internet users, ensuring extensive coverage and speed for remote learning.

Verizon Frontline has deployed advanced public safety technology to over 70 locations to support first responders battling wildfires across 15 states. The Verizon Response Team (VRT) has loaned more than 700 devices, including Satellite Pico-cells and mobile hotspots, to ensure critical communication in remote areas. With 80 large wildfires currently active across 13 states, this initiative demonstrates Verizon's commitment to public safety and showcases the capabilities of its reliable network, developed over nearly 30 years of partnership with public safety officials.

Verizon Media has announced its integration with the Network Advertising Initiative’s (NAI) Audience Matched Advertising Opt-Out platform. This initiative allows consumers to easily opt-out of data collection using their email addresses, enhancing user privacy and transparency in advertising. Verizon Media is among five companies to adopt this integration. Additionally, the company has partnered with Osano for consent management. Verizon Media ConnectID, which does not use cookies, enables advertisers to connect with 148 million logged-in users across 400 million devices while prioritizing consumer privacy.

Verizon Communications reported strong 2Q 2021 earnings, including $1.40 in earnings per share (EPS) and an operating revenue of $33.8 billion, reflecting robust wireless revenue growth. The company experienced a 5.9% increase in total wireless service revenue year over year, along with substantial customer gains—528,000 retail postpaid net additions. The outlook for total wireless service revenue growth has been revised upward to between 3.5% and 4%. Verizon is also raising its adjusted EPS guidance to $5.25 to $5.35 for the year.