Verizon Comms Stock Price, News & Analysis

Verizon Business has launched its private 5G wireless network at The Smart Factory @ Wichita, an Industry 4.0 experience center in collaboration with Deloitte. This initiative enhances smart manufacturing through increased shop floor visibility, improved quality assurance, material handling automation, and enhanced workplace safety. The partnership aims to leverage 5G technology to drive innovation and operational transformation across manufacturing sectors, enhancing efficiency and productivity. Verizon targets various industries with scalable solutions, central to the Smart Factory's mission of showcasing advanced manufacturing techniques.

Verizon has unveiled the Gizmo Watch 3, designed for children's safety while allowing them to connect and have fun. Available from January 5 for $4.17/month over 24 months, the watch features upgraded capabilities including double the trusted contacts (20), enhanced GPS tracking, and a front-facing camera for video calls. Notably, it incorporates a new processor providing 80% more talk time and 20% more standby time. A limited-time offer includes $100 off a second watch purchase, making it attractive for families.

Hans Vestberg, Chairman and CEO of Verizon (VZ), and Kyle Malady, EVP and President of Global Networks and Technology, will speak at Citi's 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 10 a.m. ET. Their remarks will be webcast, with access instructions available on Verizon’s Investor Relations website.

Verizon, a leading provider of technology and communications services, generated $133.6 billion in revenues in 2021. The company, headquartered in New York City, offers data, video, and voice services on its advanced networks.

Verizon Announces Limited-Time Offer: Starting December 23, 2022, customers can switch to Verizon and receive Welcome Unlimited for just $25 per line per month for four lines with Auto Pay, guaranteed for three years. The plan includes unlimited talk, text, and data on Verizon's 5G Nationwide network. To qualify, customers can bring their current phones and numbers. This promotion emphasizes affordability and retention of existing devices, enhancing customer long-term value.

Verizon continues its tradition of partnering with NORAD for the 20th year to provide a toll-free hotline for children to track Santa Claus on Christmas Eve. This year, the expansion of 5G service now covers over 175 million people, enhancing connectivity for NORAD volunteers to assist callers effectively. An Interactive Voice Response System ensures that children receive updates on Santa's location, even if no volunteer is available. The hotline opens at 6 AM EST on December 24, allowing families to connect and track Santa’s journey.

Verizon has awarded $250,000 in grants to 25 small businesses in southwest Florida, supporting recovery efforts post-Hurricane Ian. The grants aim to assist businesses severely impacted by the storm, which caused damages exceeding $50 billion. Verizon collaborated with local organizations, including Collaboratory and Florida TaxWatch, to implement the $10,000 grant program. This is part of a broader commitment to aid small businesses through resources like the Verizon Small Business Digital Ready initiative, designed to promote digital transformation.

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.