Verizon Comms Stock Price, News & Analysis

Verizon Business released the 'Verizon 5G Business Report', revealing insights about the impact of 5G technology on businesses. Key findings include that 69% of decision-makers believe 5G will mitigate COVID-19's adverse effects, with 48% planning to provide 5G-enabled devices soon. Furthermore, 76% view mobile edge computing as crucial, and 80% anticipate 5G will foster new opportunities. These findings reflect a strong confidence in 5G adoption across industries, including sports, healthcare, and retail.

JumpStart has launched a new initiative, Access Tech, funded by Verizon, to connect Cleveland residents with digital education and tools necessary for success in the digital economy. This program aims to equip participants with foundational digital skills, career development, and business growth training, while providing equipment like laptops and internet access to those in need. Selected for Verizon's nationwide initiative, Cleveland joins other cities including Portland and Pittsburgh to address community-specific digital access challenges.

Verizon has achieved a significant milestone by being named the most awarded wireless company for network quality by J.D. Power for 26 consecutive testing periods. This includes a record of 13 years in a row as the leader in the Wireless Network Quality Study. The recognition reflects consumer satisfaction, as over 33,000 wireless customers participated in the national survey. Verizon topped all six U.S. regions, reinforcing its position as a leader in technology and communications with revenues of $131.9 billion in 2019.

Verizon Communications (VZ) reported a 4Q 2020 EPS of $1.11, down from $1.23 in 4Q 2019, with an adjusted EPS of $1.21 compared to $1.13 last year. The operating revenue declined 0.2% year-over-year to $34.7 billion, while net income decreased by 9.6% to $4.7 billion. Despite these challenges, wireless service revenue grew by 2.2%, driven by 703,000 retail postpaid net additions. For full-year 2020, EPS was $4.30, down from $4.65 in 2019, but free cash flow increased by 32.4% to $23.6 billion. Looking forward, Verizon anticipates a revenue growth of at least 2% for 2021.

Verizon has launched a new Prepaid Unlimited plan priced at $75/month, featuring 5G Ultra Wideband and savings options. Customers can receive up to $15/month in discounts through Auto Pay and loyalty programs. The plan includes 10GB of Mobile Hotspot data and unlimited talk, text, and data to/from Mexico and Canada. The 5G Ultra Wideband service is now available in parts of 64 cities, with nationwide coverage across more than 2,700 cities.

Verizon Business has launched the Complete Business Bundle, aimed at supporting small businesses in their digital transformation. The bundle includes reliable internet, desk phone services, and enhanced security solutions, complemented by 24/7 tech support. Businesses can enjoy discounts of up to 15% on monthly service charges. Key offerings include LTE Business Internet with no installation hassle, advanced phone features, and business internet security tools. Verizon aims to assist small enterprises adapt in a changing market environment as revealed by their Small Business Recovery Survey.

Verizon ranked highest for overall network performance in the latest RootMetrics report, which included its 5G Nationwide service. This is the 15th consecutive time Verizon has achieved this status. The company earned 300 State RootScore Awards out of 350 opportunities, showcasing its dominance in speed, reliability, and performance, with a median download speed of 40 Mbps. Verizon’s 5G service is available to over 230 million people in more than 2,700 cities. These results affirm Verizon's commitment to network excellence.

Verizon Communications Inc. (NYSE: VZ) is set to report its fourth quarter 2020 earnings on January 26, 2021, with results presented via a webcast at 8:30 a.m. Eastern Time. Access to the earnings news release and financial tables will be available on Verizon's Investor Relations website at 7:00 a.m. on the same day. The company, which generated revenues of $131.9 billion in 2019, is celebrating its 20th anniversary as a leading provider of communication technologies and solutions.

Verizon Business announced today that it will provide managed network services to over 450 HUB offices in the US and Canada, facilitating the company's digital transformation. This network as a service (NaaS) initiative aims to enhance speed, capacity, and flexibility for HUB's 13,000+ users. The collaboration promises reduced operational costs and improved agility and security. Verizon's comprehensive NaaS strategy aligns with current technology advancements to support HUB's ongoing growth and future-proof their operations.