Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications stock.
Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
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.
Verizon announced a collaboration with Google to enhance messaging services for Android users in the U.S. starting next year, utilizing the Messages by Google app. This partnership leverages the Rich Communications Service (RCS) standard, promising a more interactive messaging experience. Messages will be preloaded on all Verizon Android devices, enabling features like high-quality media sharing and end-to-end encryption. The RCS standard boasts over 444 million monthly active users globally, indicating strong international momentum. Furthermore, customers using Verizon's Message+ app will access RCS capabilities by year-end.
Verizon is enhancing its Fios service with new features, starting July 22, aimed at improving customer flexibility and satisfaction. The updated Mix & Match plan offers no data caps, no extra fees, and no annual contracts, while introducing Whole-Home Wi-Fi for better internet coverage. Verizon continues to deliver the fastest internet in America, with upload speeds up to 25x faster than cable. Customers switching to Fios Gigabit Connection can receive a Samsung Chromebook at no extra cost, solidifying Verizon's commitment to value and connectivity.
On July 20, 2021, Verizon Communications (NYSE: VZ) announced it will report its second quarter 2021 earnings on July 21. The earnings will be presented via a webcast starting at 8:30 a.m. Eastern Time. Details, including the earnings news release and financial tables, will be available on Verizon’s Investor Relations website at 7:00 a.m. the same day. Verizon generated $128.3 billion in revenues for 2020, showcasing its position as a leading provider of technology and communications services.
Verizon Business has expanded its 5G Business Internet offering to parts of 42 U.S. cities, up from 24 previously announced in April. Eligible new customers can receive a credit of up to $1,500 to offset early termination fees, along with a 10-year price lock guarantee. This service, powered by 5G Ultra Wideband, provides an alternative to cable Internet and features professional installation and unlimited data. The expansion aims to help businesses leverage advanced technologies like software-defined networking and edge computing.
Summary not available.
Verizon has been recognized by RootMetrics for overall network performance for the 16th consecutive time, underscoring its reliability and customer satisfaction. The latest report highlights Verizon's top rankings in accessibility and call/text categories, with 738 Metro Area RootScore Awards won out of 875 chances. Post-COVID, network reliability is becoming increasingly critical, with nearly 90% of Americans rating it as vital when selecting a mobile provider. Verizon's network speed metrics also stood out, with 117 Reliability RootScore Awards and significant median speeds across 43 markets.