Verizon Comms Stock Price, News & Analysis

Verizon Business has been recognized as a Customers' Choice in the 2024 Gartner Peer Insights report for Managed IoT Connectivity Services, Worldwide. This prestigious distinction is based on positive feedback and ratings from 55 verified customers over the last 18 months, ending January 31, 2024. 80% of the reviewers expressed their willingness to recommend Verizon's IoT services. The recognition highlights Verizon's superior execution experience and customer satisfaction in IoT services.

Customer testimonials praised Verizon for its helpful sales, support, and implementation teams, efficient representative responses, and tailored IoT solutions. TJ Fox, SVP and President of Industrial IoT and Automotive at Verizon Business, emphasized the company's commitment to customer success and satisfaction, viewing the accolade as a testament to Verizon's IoT capabilities and customer experience.

Verizon has upgraded its network infrastructure along the Jersey Shore, specifically in Sea Girt, Lavallette, Seaside Park, and Ortley Beach, with further upgrades planned for Brick and Asbury Park. These enhancements aim to handle a significant surge in data usage and improve service reliability for residents, businesses, and first responders. The upgrades feature faster internet connections to support public safety and enhance business operations. According to surveys, these improvements are important for first responders and small businesses, highlighting the need for reliable and high-speed connectivity. Verizon, which generated $134 billion in revenue in 2023, continues to invest in its network to meet the growing digital demands of its customers.

Verizon has enhanced its 5G services in Myrtle Beach and Hilton Head, SC, adding 20 new small cells and boosting 5G capacity to 31 existing sites in Myrtle Beach, and enhancing 8 existing sites with a new 4G/5G cell site in Hilton Head. This expansion aims to improve network performance for beachgoers and residents, supporting activities from social media sharing to remote work.

A survey indicates that 75% of beachgoers use their phones at the beach, with 63% having used them for work. Coverage has been extended to key areas, including Myrtle Beach Airport, Coastal Carolina University, and Palmetto Dunes in Hilton Head.

This initiative is part of Verizon's broader 5G network expansion, reaching over 250 million people and providing advanced services like 5G Business Internet and Verizon Home Internet.

Verizon Communications (NYSE, Nasdaq: VZ) will announce its second-quarter 2024 earnings on July 22. The company will begin its earnings webcast at 8:30 a.m. ET, with presentation materials available online from 7:00 a.m. ET on Verizon's Investor Relations website. Verizon, established in 2000 and headquartered in New York City, is a leading global provider of technology and communications services. In 2023, the company generated $134 billion in revenue, offering data, video, and voice services through its award-winning networks. Further details, including financial tables and earnings commentary, will be included in the webcast.

Verizon and TelevisaUnivision have expanded their partnership to offer new Verizon myPlan and Home Internet customers 12 months of ViX Premium at no extra cost. This offer, starting June 20, provides over $80 in savings and access to 17,000 hours of Spanish-language content, including exclusive soccer coverage such as the CONMEBOL Copa America 2024 and UEFA Euro 2024. Additionally, the partnership includes unique experiences like talent meet-and-greets and ViX Originals screenings for Verizon customers and employees. This collaboration builds on Verizon's efforts to engage the Latino community through various partnerships and services, including international calling plans and recognizing international credit history.

Verizon Connect, a leader in fleet management solutions, has been awarded a Silver Stevie® Award in the transportation category at the 22nd Annual American Business Awards® for 2024. This award is one of three accolades the company has received this year, highlighting its competitive achievements. Verizon Connect was recognized for its innovative solutions in fleet management and asset tracking, including the Video Coaching solution, EV Suitability Tool, and Equipment Asset Tracker. The company aims to digitize services and reduce costs for businesses, with over 220 million driving videos analyzed and 29 patents filed. The company also boasts a marketplace with 40+ integration partners.

On June 10, 2024, Verizon will host a career and networking event at its Fordham Road store in The Bronx as part of its 'Connected by Culture' series.

From 2:30 p.m to 5:30 p.m., attendees can hear from top community leaders, discuss job opportunities with a Verizon recruiter, and get free professional headshots. Leaders from the Latino and Black communities, including Lisa Sorin, Paloma Izquirdo-Hernandez, Rocky Bucano, and Debbie Roman, will participate in the panel.

The event underscores Verizon's commitment to workforce development and digital inclusion, aligning with the Citizen Verizon responsible-business plan. Verizon Skill Forward program will be highlighted, offering free, expert-led online courses for one year.

Verizon, a leading tech and communications provider, generated $134 billion in revenue in 2023. The company aims to foster community growth and technological inclusivity through such initiatives.

Verizon introduces the Gizmo Watch 3 – Adventure, a new smartwatch for kids aged 6 to 11. It features a larger 1.6-inch display with a scratch-resistant coating, real-time location tracking, boundary notifications, an SOS button, and voice/text communication capabilities. Other highlights include fitness and learning tools, a robust design, and a Snapdragon Wear 4100 platform for enhanced performance. Available from June 20, the watch costs $3.61 per month over 36 months or $129.99 retail. A -time offer allows buyers to get a second watch for $85 off with a new line.

The Board of Directors of Verizon Communications declared a quarterly dividend of 66.50 cents per share, consistent with the previous three quarters. This dividend will be payable on August 1, 2024, to shareholders of record by July 10, 2024. Chairman and CEO Hans Vestberg emphasized the company's confidence in its cash flow and dedication to shareholder value. Verizon aims to raise the dividend later this year, continuing a 17-year trend. Verizon has around 4.2 billion shares outstanding and paid over $11 billion in cash dividends in 2023. In 2023, Verizon generated $134 billion in revenue, offering various technology and communication services worldwide.