Verizon Comms Stock Price, News & Analysis

Verizon is set to expand high-speed broadband services to approximately 349 addresses in rural Bedford County, Virginia, after receiving approval from the County Board of Supervisors. The project, financed with American Rescue Plan funds, aims to close the digital divide by making broadband accessible to previously unserved areas. Expected completion is by spring 2024. Verizon's commitment to expanding broadband aligns with its goal of enhancing connectivity in underserved regions, reflecting ongoing efforts to provide economic benefits and reliable internet services to customers.

Verizon Communications Inc. (NYSE: VZ) is scheduled to report its first-quarter 2023 earnings on April 25, 2023, at 8:30 a.m. Eastern Time. The company generated revenues of $136.8 billion in 2022 and is recognized as a leading provider of technology and communication services globally. Investors can access Verizon's earnings news release and financial tables on its Investor Relations website by 7:30 a.m. on the reporting day. This webcast will provide insights into the company’s financial performance and strategic direction in the competitive telecommunications landscape.

BlueJeans Basic is a newly launched free video conferencing plan from Verizon that supports unlimited meetings for up to 25 participants. This platform emphasizes superior audio and video quality, aiming to serve the needs of small businesses and individuals. Key features include high-fidelity audio, enterprise-grade security, and compatibility across devices. A TechValidate survey revealed 95% of users find BlueJeans easy to use, and 94% consider it more reliable than competitors. The service also incorporates advanced AI capabilities for enhanced video experiences. Users can download BlueJeans Basic for free today.

Verizon Expands High-Speed Internet in Delaware

On March 21, 2023, Verizon announced the expansion of its high-speed broadband services across Delaware, providing internet access to nearly 2,000 locations including Camden, Dover, Smyrna, Bridgeville, and Ocean View. This initiative, supported by over $6 million from the American Rescue Plan, aims to enhance connectivity for both homes and businesses. Customers can choose from various plans, starting at $25 per month for Fios broadband with speeds of at least 300 Mbps. Verizon also participates in the Affordable Connectivity Program to assist low-income households with internet costs.

The 2023 Connected Retail Experience Study by Incisiv and Verizon Business highlights the increasing focus of retailers on technological investments aimed at enhancing operational efficiency, reducing costs, and boosting profitability. Key findings include a projected ninefold increase in AI adoption for operations by 2025, along with a rise in mobile point of sale systems and curbside pickup technologies. Retailers expect up to 70% of routine tasks to be automated by 2025, allowing staff to focus on high-value customer interactions. The study emphasizes the necessity for robust network infrastructure to handle increased device traffic.