Verizon Comms Stock Price, News & Analysis

Verizon is amplifying its support for remote learning amid rising Covid-19 cases by expanding the Verizon Innovative Learning initiative. This program targets Title I schools, providing both student connectivity and free professional development for educators nationwide. New offerings include the Teacher Training Pathways platform, offering courses on remote and hybrid learning. Since 2012, Verizon has invested over $535M in digital inclusion, reaching 450,000 students. The goal is to empower 10 million youths with essential digital skills by 2030.

Verizon and Newlab have announced outcomes from the inaugural cohort of the 5G Studio, launched to explore innovative applications of 5G technology. The studio, based in Newlab's Brooklyn headquarters, leverages 5G Ultra Wideband and mobile edge compute (MEC) to empower startups in addressing industry challenges. Each participating company showcased unique solutions. Prominent startups included Exyn Technologies, Ghost Robotics, and Phantom Auto, highlighting advancements in robotics, teleoperation, and healthcare services, underlining the 5G Studio's role in fostering innovation.

Verizon Business has released its seventh annual Retail Trends Report, highlighting significant shifts in consumer behavior during the holiday shopping season. The report indicates a 82% increase in online data traffic for top retailers compared to last year. Despite a 20% decrease in foot traffic at U.S. malls, movement is up 59% from pandemic lows. Additionally, usage on payment sites has surged by 28%. Verizon emphasizes the importance of adopting innovative technologies, like AR and VR, to enhance customer experiences in retail.

Verizon Public Sector has updated its Verizon Intelligent Video, enhancing its video surveillance capabilities for public safety and security. This system is used by cities and organizations for real-time data analysis to improve situational awareness. The update includes integration with BriefCam for enhanced analytics, allowing quick filtering of objects and behaviors. With $131.9 billion in revenues for 2019, Verizon continues to lead in technology and communication.

Verizon Communications announced the redemption of $565.7 million of 3.45% Notes due 2021 on December 18, 2020. The redemption price will be the greater of 100% of the principal or the present value of remaining scheduled payments, plus accrued interest. This move is part of Verizon's financial management strategy, allowing it to optimize its debt obligations.

Investors are advised to consider associated risks outlined in Verizon’s SEC filings. For further inquiries, U.S. Bank National Association is the designated paying agent.

Verizon, in partnership with Snap Inc., launched the first-ever 5G Landmarker Lens, providing an augmented reality experience exclusively for Verizon 5G Ultra Wideband customers. The lens features a musical performance by Grammy-nominated band Black Pumas at the New York Public Library, utilizing 5G technology for a unique user experience. This performance marks the first full-length song used in a Snapchat AR Lens and was produced in Verizon's 5G studio. A separate 4G Lens will be available to all Snapchat users, highlighting Verizon's commitment to innovative customer experiences.

Verizon Business is launching a 5G Ultra Wideband service at an Innovation Hub in Lake Nona, Orlando, FL. This initiative aims to allow innovators to test 5G applications across various sectors, including healthcare, autonomous mobility, and education. Currently, a trial is being conducted with Beep to enhance the safety of autonomous shuttles using Cellular Vehicle-To-Everything (C-V2X) technology. Verizon's broader strategy involves partnerships to explore disruptive 5G technologies across multiple industries.

Verizon has launched the next-gen Stream TV, an Android TV-powered streaming device designed to enhance on-demand entertainment accessibility. The device boasts an intuitive user interface, allowing users to easily discover popular shows and movies from various platforms including Disney+, Netflix, and Hulu. Stream TV supports 4K Ultra HD and HDR formats for optimal viewing. Priced at $69.99, it is available for purchase immediately, with updates planned for existing Stream TV devices. Additionally, new Fios or 5G Home customers may receive a Stream TV at no extra cost.

Ronan Dunne, executive vice president of Verizon, will present at the virtual Morgan Stanley European Technology, Media and Telecom Conference on November 18, 2020, at 9:30 a.m. ET. The webcast will be accessible through Verizon’s Investor Relations website. Celebrating its 20th anniversary, Verizon has established itself as a leading provider of technology and communication services, generating $131.9 billion in revenue in 2019. The company is headquartered in New York City, offering a range of services including data, video, and voice solutions.