Verizon Comms Stock Price, News & Analysis

Verizon Communications will host its 2021 Virtual Investor Day on March 10, 2021, at 6 p.m. ET. The event will feature presentations on the company’s strategic direction, network leadership, and advancements in 5G technology. Additionally, Verizon will discuss the outcomes of the FCC's C-Band spectrum auction. Chairman and CEO Hans Vestberg along with senior executives are set to participate. Interested parties can access the webcast and materials via Verizon's Investor Relations website.

In 2020, Verizon reported revenues of $128.3 billion.

On February 22, 2021, Verizon Business announced the integration of Genesys Cloud into its customer experience offerings. This cloud-based Contact Center as a Service solution enables businesses to enhance customer interactions through remote access and its award-winning network. The partnership aims to facilitate digital transformation by combining customer, employee, and user experiences. With 25 years of collaboration as a Genesys Gold Partner, Verizon aims to streamline implementation and provide rapid feature enablement, enabling organizations to adapt to evolving customer needs and improve workforce engagement.

Verizon is donating $250,000 to Feeding Texas to aid relief efforts following recent winter storms. The funds will help address increased hunger among Texans, with hundreds of thousands expected to seek assistance. CEO Hans Vestberg emphasized the company's commitment to support communities in crisis. Additionally, Verizon customers can contribute further by texting donations to the American Red Cross and Salvation Army. Verizon reported revenues of $128.3 billion in 2020, delivering a range of technology and communication services globally.

YBVR, an XR video distribution platform, has secured $1.5 million in Pre-Series A funding from investors including Verizon Ventures, Telefonica's Wayra, and Tech Coast Angels. The funds will enhance YBVR's technology and team while fostering partnerships. This investment will enable live streaming in 8K ultra-high-definition with low latency. YBVR aims to deliver a premium viewing experience for sports and concerts, already broadcasting events like the Australian Open 2021.

Verizon’s network is prepared for severe winter storms affecting the U.S. This week, winter storms Tabitha, Uri, and Viola are expected to bring heavy snow, freezing rain, and damaging winds. Despite widespread commercial power outages, Verizon reports minimal impact on network operations. Backup generators are operational, and restoration crews are deployed where fiber connectivity is affected. The company emphasizes safety tips for customers to stay connected and offers support through its Response Team.

Verizon has announced its acquisition of incubed IT, a company specializing in autonomous navigation software for robots. This agreement aims to enhance Verizon's robotic capabilities, leveraging 5G technology. The integration will support enterprise customers in optimizing operations through mobile robot orchestration. Key products from incubed IT include the Smart Shuttle Navigation Toolkit and Fleet Management Server. The deal is expected to close in the first half of 2021, furthering Verizon's innovation in automation.

Verizon's Yahoo Ryot Lab has partnered with IMG as the official Innovation Partner for New York Fashion Week 2021. This partnership will utilize 5G technology to create immersive experiences, starting with a preview of Rebecca Minkoff’s Spring/Summer ‘21 collection. The collaboration aims to enhance consumer engagement through next-gen content and immersive formats powered by Verizon Media Immersive. The event will take place from February 14-18, 2021, and will feature a range of innovative technologies including augmented reality and real-time animation rendering.

Verizon and Deloitte have launched a retail digital platform leveraging 5G and mobile edge computing (MEC) to enhance operational efficiency and customer experience in retail. The initiative aims to provide real-time analytics to address common challenges like inventory management and customer engagement. Key technologies include AI, AR, and video-based analytics. This collaboration will also integrate SAP’s software solutions to enable improved revenue, margins, and overall sustainability for retailers. CEO Tami Erwin emphasized the importance of digital transformation in today's retail industry.

Verizon Business is collaborating with Zyter to enhance operations at sports and entertainment venues through the innovative Zyter ThermalAlert platform. This technology provides non-contact temperature monitoring, utilizing Verizon’s 5G Ultra Wideband for quick entry and reduced congestion. It measures temperatures of up to six people at once from a distance of 20 feet. Recently implemented at Hard Rock Stadium, this system aims to ensure safer venue access. Verizon, a major communications provider, reported revenues of $128.3 billion in 2020, focusing on reliable connectivity and advanced solutions.