Verizon Comms Stock Price, News & Analysis

Verizon Business and Amazon Web Services (AWS) are enhancing their collaboration to provide private mobile edge computing (MEC) solutions for enterprises in the U.S. This offering integrates Verizon’s Private 5G networks with AWS Outposts, enabling low-latency, highly secure environments for applications like autonomous mobile robots and predictive maintenance. Corning will be the first to utilize this solution at its fiber-optic plant, aiming to boost innovation and efficiency. The infrastructure will reduce the need for extensive IT resources and support various industrial applications.

Verizon has partnered with Dreamscape Immersive to innovate 5G and Mobile Edge Compute (MEC) virtual reality applications across various sectors, focusing on education and training. The collaboration includes the establishment of a 5G innovation lab to create immersive VR learning experiences and Verizon has taken an equity stake in Dreamscape through Verizon Ventures. This partnership aims to leverage Verizon's 5G capabilities to transform educational methods and professional training with advanced VR technologies, enhancing accessibility and engagement in learning environments.

Verizon Business is collaborating with Associated British Ports (ABP) to implement a private 5G network at the Port of Southampton, marking a significant advancement for UK ports. This deployment, aided by Nokia, aims to enhance operational efficiency through improved data communication and real-time analytics. The port, crucial for UK exports, will benefit from reduced latency, increased security, and support for IoT and Machine Learning applications. This initiative represents ABP's strategy to modernize and capitalize on digital transformation.

Verizon Communications Inc. (NYSE: VZ) will announce its first quarter 2021 earnings on April 21, 2021, starting at 8:30 a.m. ET. The presentation will be available via a webcast, with details accessible from their Investor Relations website at 7:30 a.m. ET. In 2020, Verizon reported revenues of $128.3 billion, establishing itself as a leader in technology, communications, and entertainment services.

Verizon's Look Forward study reveals significant lifestyle changes among Americans due to the COVID-19 pandemic. Remote work preferences have surged, with 69% of remote workers wanting to maintain hybrid flexibility. Streaming traffic is 21% above pre-pandemic levels, and phone call durations show an increase of nearly 29%. In retail, 42% of adults anticipate equal in-person and online shopping post-pandemic. The study emphasizes a strong trend towards digital engagement, which Verizon's network data reflects with a 31% increase in data usage.

Verizon Frontline has launched the latest phase of the Food for Frontline Workers program, partnering with local restaurants to deliver over 1,500 meals to firefighters and EMTs in Washington, DC. This initiative has already provided over 150,000 meals nationwide to first responders during the pandemic, greatly benefiting small businesses. Supported by non-profit Food on the Stove, the program aims to enhance the health of first responders while helping local economies. Notable deliveries featured former NBA player Harvey Grant.

Verizon Media will implement closed captioning on 100% of original and partner video content starting on April 1, 2021, as part of its commitment to accessibility. This initiative will reach nearly 900 million consumers across its platforms, including Yahoo. Additionally, the company is donating $5 million in media to disability organizations and extending video ad captioning across its offerings. Verizon Media is also launching an Accessibility Council to oversee and enhance accessible practices across its content and services.

Verizon has introduced its Verizon Cloud, an unlimited storage solution designed for seamless backup of photos, videos, and documents across multiple devices. The service allows automatic uploads from iOS, Android, Windows, and Mac devices, and offers a 30-day free trial. Customers can enjoy sharing options with up to four users. The service is priced at $19.99 per month after the trial period. Existing free account users must transition before May to avoid service disruption. Verizon generated $128.3 billion in revenue in 2020.