Verizon Comms Stock Price, News & Analysis

Verizon Communications Inc. (NYSE: VZ) is scheduled to report its fourth-quarter 2022 earnings on January 24, 2023, starting at 8:30 a.m. Eastern Time. Access to the results and financial tables will be provided on Verizon’s Investor Relations website at 7:00 a.m. on the same day. In 2021, Verizon generated revenues of $133.6 billion, emphasizing its position as a leading provider of technology and communications services.

Verizon Business released findings from its 2023 Fleet Technology Trends Report, highlighting how GPS fleet tracking technology helps manage rising costs and enhance customer service. Conducted across 14 countries with over 2,300 respondents, 73% cited rising costs as a key challenge. The technology has enabled 70% of fleet managers in EMEA and 55% in Australia/New Zealand to improve customer service. Additionally, users reported a 46% decrease in fuel consumption and accidents, contributing to a 20% reduction in global labor costs.

Verizon's Frontline Crisis Response Team provided essential communications support to nearly 750 public safety agencies in 2022, aiding in disaster response from winter storms to wildfires. The team, comprised of former first responders, deployed nearly 5,500 devices, including mobile hotspots and satellite solutions. Significant efforts included 187 wildfire deployments across 21 states and 64 hurricane deployments in five states. Verizon Frontline’s assistance also covered search and rescue operations and major public events. The company aims to enhance public safety communications through advanced technology.

Verizon has launched the +play beta, a content hub for subscribers to manage and save on their favorite services.

Customers can receive a free year of Netflix’s Premium plan ($240 savings) with select subscriptions. Available only to Verizon mobile and home internet customers, +play aims to simplify subscription management while providing exclusive offers from partners like NFL+ and AMC+. The platform enhances Verizon's strategy to innovate and provide value through their network, offering a unified experience for entertainment and lifestyle subscriptions.

Verizon Public Sector is collaborating with the Veterans Health Administration to enhance safety and efficiency at the Palo Alto Health Care System using 5G Mobile Edge Compute technologies and drones. The initiative aims to improve situational awareness, emergency response, and infrastructure monitoring, utilizing advanced sensors and aerial perspectives. This partnership represents a significant step in the VA’s innovation journey and may serve as a model for other federal agencies adopting next-generation technologies. Verizon generated $133.6 billion in revenue in 2021.

Verizon is waiving call, text, and data charges for postpaid consumers and small businesses in North Carolina affected by a significant power outage from December 3-7. This initiative aims to support customers relying on mobile services during this challenging time. Automatic bill credits will be issued for overage charges, and affected customers do not need to take any action. The measure reflects Verizon's commitment to customer service in crisis situations.

Verizon Business announced that its Verizon Connect Fleet Platform has achieved Canadian Electronic Logging Device (ELD) certification, enhancing compliance with Canada's new hours of service regulations. This certified ELD solution integrates with the fleet management system, aiding customers in meeting the January 1, 2023 enforcement deadline. The certification process, managed by a third-party organization, ensures compliance with Transport Canada's standards. Additionally, Verizon Connect received eight awards in 2022 for product innovation, affirming its commitment to safety and compliance.

Verizon announced an expansion of its network virtualization efforts by launching the first Ericsson virtualized cell site, supported by Intel and RedHat. This initiative enhances flexibility, scalability, and cost efficiency across Verizon's network.

Currently, Verizon has virtualized 8,000 cell sites with plans to reach 20,000. The transition to a cloud-native architecture will help meet diverse customer needs, improve service delivery speed, and support emerging technologies like IoT and augmented reality.

Verizon Home Internet is expanding its Fios footprint in Massachusetts, bringing high-speed fiber internet to over 70,000 additional homes and businesses in communities like Worcester, Brockton, and Lowell. This expansion is part of Verizon's ongoing commitment, with a past investment of $750 million in the state. The all-fiber network promises speeds up to 940 Mbps downstream and 880 Mbps upstream, with plans starting at $25 per month. Eligible households may receive free internet through the Affordable Connectivity Program.