Verizon Comms Stock Price, News & Analysis

Verizon Business announced new unlimited mobile plans aimed at enhancing speed, security, and value for businesses. These plans, starting at $30 per line, provide access to Verizon’s 5G Nationwide and Ultra Wideband services. The new Business Mobile Secure bundle enhances security for small businesses by including mobile device management and endpoint security without extra charges. With discounts for larger accounts, businesses can optimize costs while benefiting from comprehensive mobile solutions during challenging times.

Verizon has expanded its 5G Ultra Wideband services to parts of 55 cities, coinciding with the launch of the TCL 10 5G UW, priced at $399.99, available from October 29. This phone supports both 5G Ultra Wideband and Nationwide, offering significantly faster download speeds and advanced features like TCL's NXTVISION technology for enhanced display quality. Promotions allow customers to trade in eligible phones for credits up to $360. The launch aims to enhance accessibility to 5G technology while providing a cost-effective smartphone option for users.

Yahoo Finance is set to host the All Markets Summit: Road to Recovery on October 26th at 9AM ET. This global livestream event will feature over 30 notable speakers including Dr. Anthony Fauci, Bill Gates, and Doug McMillon. The summit will address critical issues concerning economic recovery, the coronavirus, and diversity in business. Following the success of the Berkshire Hathaway Shareholders Meeting, which drew 5.5 million views, this summit promises to be Yahoo Finance's largest virtual event. More details can be found at YahooFinanceAMS.com.

Verizon is investing over $44 million in workforce development to enhance access to a free tech-focused career training program aimed at reskilling Americans. This initiative, in partnership with nonprofit Generation, will expand the program to 26 cities by the end of 2022. With the goal of preparing 500,000 individuals for future jobs by 2030, the online program will focus on high-demand tech roles, including Cloud Practitioner and Web Developer. New classes will start in November, targeting vulnerable populations.

Verizon Business has unveiled the VNS Application Edge, a Platform as a Service (PaaS) designed for enterprises to manage containerized applications across extensive sites. This solution enables businesses to deploy applications at the edge, utilizing a managed Kubernetes service for seamless operation. With this automation framework, Verizon enhances lifecycle management for multi-cloud environments, improving bandwidth-intensive content delivery. Target use cases include real-time anomaly detection, enhanced retail experiences, and predictive maintenance in manufacturing.

Verizon partners with the Cooper Hewitt, Smithsonian Design Museum to create innovative digital interactions in museums through a new competition. The initiative, Activating Smithsonian Open Access, will award $10,000 to up to six teams to develop prototypes using 2D and 3D digitized artifacts. This follows a trend where Verizon uses 5G technology for augmented reality (AR) experiences, enhancing educational content for students and remote learners. Verizon aims to improve engagement with museum collections while fostering creative collaborations.

Verizon Business is hosting a Small Business Webinar on October 27th featuring entrepreneur and Shark Tank star Lori Greiner, co-hosted by Ramon Ray. The series aims to support small businesses during the pandemic, having attracted over 32,000 views since its launch in April. Attendees can pre-register and ask questions during the event. Verizon's initiatives include the Comeback Coach, a resource hub, and a $7.5 million grant program supporting small businesses through the Local Initiatives Support Corporation.

Verizon Communications reported strong Q3 2020 results, showing resilience amid challenges. The company achieved EPS of $1.05, down from $1.25 in Q3 2019, with adjusted EPS holding steady at $1.25. Operating revenue declined by 4.1% year-over-year to $31.5 billion. However, cash flow from operations surged to $32.5 billion, increasing by $5.7 billion year-over-year. Wireless service revenue grew slightly by 0.3% to $16.4 billion, highlighted by significant Fios Internet net additions, the highest since Q4 2014. The outlook includes adjusted EPS growth of 0% to 2% for the full year.