Verizon Comms Stock Price, News & Analysis

Verizon's CFO, Matt Ellis, will present at the virtual MoffettNathanson 7th Annual Media & Communications Summit on May 11 at 8 a.m. ET. The presentation will be available via webcast on Verizon’s Investor Relations website. Established on June 30, 2000, Verizon is a major global provider of technology and communications solutions, achieving revenues of $131.9 billion in 2019. The company offers a variety of services including voice, data, and video across its award-winning networks, catering to consumer needs for connectivity and security.

Verizon Communications (NYSE: VZ) held its first virtual annual meeting on May 7, 2020, due to COVID-19 concerns. Shareholders re-elected all nine directors and approved management proposals for executive compensation and auditor ratification. However, four shareholder proposals were rejected, including enhanced lobbying disclosures and a user privacy metric report. A proposal allowing a 10% shareholder group to call special meetings was narrowly approved. Final vote results will be published on Verizon's website.

On May 7, 2020, Verizon announced a $1 million donation to the New Jersey Pandemic Relief Fund to assist vulnerable communities affected by COVID-19. This contribution is part of a larger commitment, totaling over $55 million globally for pandemic relief. The funds will help address food insecurity and support essential services in New Jersey, which has the second-highest COVID-19 cases in the U.S. Verizon's CEO emphasized the company's dedication to local support, reflecting its longstanding ties to the state.

On May 6, 2020, Verizon launched 'More at Home on Us,' providing customers with free access to gaming and educational resources. The initiative has seen a 75% increase in gaming traffic, offering perks like a Premium Battle Pass and PokéBalls for Pokémon GO users, as well as 500 Robux for Roblox players. Additionally, Sago Mini World provides preschoolers with access to over 35 games. The program is designed to keep customers engaged and connected during social distancing, while also offering educational tools at no extra cost.

On April 29, 2020, Verizon responded to the U.S. Army Training Center at Fort Jackson's need for enhanced cellular coverage during virtual graduation ceremonies due to COVID-19. With a significant number of families attending these events online, Verizon deployed a Satellite PicoCell on a Trailer (SPOT) to support live streams of the graduations. The first virtual ceremony saw approximately 1,800 viewers, with subsequent streams exceeding 4,000 attendees. This initiative is part of Verizon's broader effort to provide emergency communications solutions during the pandemic, having engaged in over 350 similar efforts. Verizon, established in 2000, reported revenues of $131.9 billion in 2019, delivering a range of technology, communication, and entertainment services.