Verizon Comms Stock Price, News & Analysis

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.

Skyward, a Verizon company, announced its integration with Pix4D, enhancing its drone management platform. This integration allows customers to transform drone data into 2D maps and 3D models seamlessly. Skyward's Mapping & Modeling powered by Pix4D aims to improve ROI for enterprises in construction, energy, and utilities. According to Skyward President Mariah Scott, clients can now produce business-ready data deliverables without leaving the Skyward platform. This development promises a comprehensive drone solution that scales operations and accelerates data insights.

Verizon Media and Condé Nast have expanded their partnership to enhance content and advertising experiences, uniting iconic brands with innovative technology. This collaboration aims to broaden content distribution and create immersive shopping experiences in sectors like Beauty, Food, and Fashion. As a result, advertisers will gain access to premium video content, including Good Morning Vogue. The partnership highlights the commitment to developing next-gen capabilities through an Innovation Council focused on emerging advertising formats.

Verizon Communications (NYSE: VZ) announced plans to redeem several outstanding notes on June 15, 2021. The redemption will cover various Verizon InterNotes with a total principal amount of approximately $107 million, including notes due between 2024 and 2037. Each note will be redeemed at 100% of its principal, plus accrued interest. Verizon, a major global technology and communications provider, reported revenues of $128.3 billion in 2020. Investors should note this strategic move in managing debt and the associated implications for cash flow and interest obligations.

Danaher Corporation (NYSE: DHR) announced the appointment of A. Shane Sanders to its Board of Directors and Audit Committee, increasing the board size to thirteen members. Sanders, currently Senior Vice President of Business Transformation at Verizon Communications Inc. (NYSE: VZ), has extensive experience in corporate finance, having served in leadership roles since joining Verizon in 1997. His qualifications include a B.S. in Accounting and an M.B.A. His appointment is expected to enhance Danaher's leadership and support its goal of building long-term shareholder value.

On May 13, 2021, Verizon Communications announced preliminary results from its virtual annual shareholder meeting. Shareholders elected all nine directors for a one-year term and approved two management proposals: executive officer compensation and the appointment of Ernst & Young as independent accountants. However, three proposals related to shareholder rights and equity awards were defeated. Final vote results will be certified and posted on Verizon's investor website. Verizon generated $128.3 billion in revenue in 2020, providing diverse communication and entertainment services worldwide.

Verizon Connect has launched a new asset tracking solution designed for customers utilizing the Reveal fleet management platform. This device is compact, easy to install, and features a replaceable battery for extended life. It aims to help businesses in logistics and construction reduce theft, enhance equipment utilization, and minimize downtime. The tracker allows users to monitor the status and location of valuable machinery online. With over 3,000 employees across 15 countries, Verizon Connect continues to innovate in mobile technology solutions.