Verizon Comms Stock Price, News & Analysis

Verizon has strengthened its partnership with MiCTA, enhancing access to its comprehensive suite of communications solutions for over 8,000 members in public sectors. This agreement streamlines procurement processes, enabling members to modernize their communications infrastructure efficiently. Key offerings include advanced tools like virtual contact centers and secure cloud services, supporting improved citizen engagement. Verizon's reliable 5G network and technology portfolio are set to provide significant benefits to state and local governments, educational institutions, and other organizations that MiCTA serves.

In response to Hurricane Ian and upcoming tropical weather, Verizon has reaffirmed its commitment to keep Florida's community and first responders connected. The company has mobilized teams and equipment throughout the state, completing necessary maintenance and upgrades. Verizon's network is designed to withstand extreme conditions, featuring backup power systems at 100% of macro cell sites. Over 500 portable assets and 150 satellite-based systems are ready for deployment to enhance network coverage. Verizon Frontline will support first responders with critical communication tools during emergencies.

Verizon Communications Inc. has elected Vittorio Colao to its Board of Directors, effective November 4, 2022. Colao, who previously served as Italy's Minister for Innovation, brings extensive telecommunications experience, having led Vodafone Group from 2008 to 2018. His return to Verizon's board is expected to enhance governance and financial oversight, as he also possesses insights from his prior position on the Verizon Wireless Board. This addition brings the total board membership to 12, with 11 being independent.

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%.