Verizon Comms Stock Price, News & Analysis

Verizon will showcase cutting-edge 5G innovations alongside Nokia at the 5G Innovation Session in Hudson Yards, NYC, on November 8. The event will feature demonstrations of real-world applications, including real-time analytics and IoT solutions, with insights from industry leaders. Verizon also highlighted its investment of nearly $4.6 billion in New York in 2021 to enhance network capacity, deploying 5G Ultra Wideband and supporting customer experience in major venues. The company aims to empower small businesses with resources through programs like Verizon Small Business Digital Ready.

Verizon has entered a multi-year contract with World Champion Fantasy (WCF) to enhance its PlayerX fantasy esports platform using Verizon's 5G technology. This collaboration aims to revolutionize the esports experience, allowing users to create customizable fantasy teams, access real-time statistics, and stream exclusive content all in one place. By integrating advanced features, including interactive avatars and video conferencing capabilities through BlueJeans, this partnership is set to elevate fan engagement and redefine online gaming experiences.

Nexstar Media Group (NASDAQ: NXST) and Verizon (NYSE: VZ) have signed a multi-year distribution agreement reinstating 13 local television stations and NewsNation to Verizon FiOS in 10 markets. This agreement restores access to over three million Verizon subscribers, ensuring they can view key programming, including Major League Baseball’s World Series and college and NFL games. The stations had been unavailable since October 14, enhancing viewer access to local news, sports, and entertainment.

Verizon has partnered with Reset Digital and Yahoo to enhance audience engagement using Reset Digital's advertising network. Since the pilot launched in August 2022, this collaboration aims to connect Verizon with multicultural audiences and advance its diversity, equity, and inclusion (DE&I) initiatives. Tony Wells from Verizon emphasized the importance of reaching diverse communities, while Reset Digital's CEO mentioned their focus on omnichannel marketing. This partnership aligns with Verizon's Responsible Marketing Action Plan, which seeks to improve equity and accountability in marketing.

Verizon has launched a limited-time 10-year price guarantee for its Home Internet products, including 5G Home, Fios, and LTE Home services, for new customers.

New York City, Hoboken, and Jersey City are the latest areas to receive expanded 5G coverage. Additionally, Verizon is introducing the Verizon Receiver, a unique device that optimally switches between all its wireless networks. With over 1 million customers now accessing its fixed wireless offerings, Verizon aims to enhance service quality and customer satisfaction at competitive pricing.

Verizon Communications Inc. (NYSE: VZ) reported its third-quarter 2022 results, showcasing a total revenue of $34.2 billion, a 4% year-over-year increase. Earnings per share (EPS) dropped to $1.17 from $1.55 in Q3 2021, with net income at $5.0 billion, down 23.3%. The company noted strong growth in wireless service revenue at $18.8 billion, up 10%. Furthermore, Verizon's broadband segment added 377,000 net connections, reflecting robust demand, particularly for fixed wireless services. The outlook for full-year 2022 estimates wireless service revenue growth between 8.5% and 9.5%.

Verizon has launched new Prepaid plans, offering enhanced value at lower prices. The Prepaid Unlimited plans start at $50/month with Auto Pay, including 6 months of Disney+. The new Unlimited Plus plan features 50 GB of premium network access, 25 GB of mobile hotspot service, and one Global Choice country per month, priced at $60/month. All plans now include talk, text, and data in Mexico and Canada. These changes reflect Verizon's commitment to providing affordable and flexible options to customers.

Verizon has begun accepting orders for the Samsung Galaxy XCover6 Pro, a rugged 5G smartphone designed for demanding business environments. Available for $49.99 after a $250 discount with a new line or upgrade, it can also be secured for $10 per month with a BIC. The device features a 6nm Octa-Core processor, 1TB expandable storage, and a replaceable long-lasting battery. With a MIL-STD-810H certification and IP68 rating, it is built to endure extreme conditions, making it suitable for various sectors. The Galaxy XCover6 Pro also includes Samsung Knox security, ensuring robust protection for mobile workforces.

Verizon Communications Inc. (NYSE: VZ) is set to announce its third-quarter 2022 earnings on October 21, 2022, at 8:30 a.m. ET during a webcast. Interested parties can access the earnings news release and financial tables starting at 7:30 a.m. on Verizon's Investor Relations website. In 2021, Verizon reported revenues of $133.6 billion, cementing its position as a leading technology and communications provider globally. The company specializes in data, video, and voice services, ensuring customer connectivity and security.