Verizon Communications Inc. (VZ)
| Market Cap | 173.21B |
| Revenue (ttm) | 134.04B |
| Net Income (ttm) | 11.31B |
| Shares Out | 4.21B |
| EPS (ttm) | 2.67 |
| PE Ratio | 15.41 |
| Forward PE | 8.61 |
| Dividend | $2.66 (6.46%) |
| Ex-Dividend Date | Apr 9, 2024 |
| Volume | 32,930,490 |
| Open | 40.14 |
| Previous Close | 40.33 |
| Day's Range | 40.10 - 41.28 |
| 52-Week Range | 30.14 - 43.42 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 43.80 (+6.44%) |
| Earnings Date | Jul 23, 2024 |
About VZ
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadba... [Read more]
Financial Performance
In 2023, VZ's revenue was $133.97 billion, a decrease of -2.09% compared to the previous year's $136.84 billion. Earnings were $11.61 billion, a decrease of -45.36%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $43.8, which is an increase of 6.44% from the latest price.
News
Verizon Business brings the Verizon Business Innovation Sessions to New York City
Verizon Business and Samsung to showcase the latest in digital transformation innovations for business on June 5 at Radio City Music Hall Verizon Business and Samsung to showcase the latest in digital...
Starting today, Verizon offers new and existing customers iPhone 15, on us, for the first time ever
Verizon's Ultimate Phone Upgrade, get iPhone 15, on us, with any iPhone trade in. Any Model. Any Condition. Guaranteed for new & current customers with Unlimited Ultimate Verizon's Ultimate Phone Upgr...
AST Spacemobile Strikes Deal With Verizon and AT&T to Rival SpaceX
AST SpaceMobile Inc. shares gained by the most ever after Verizon Communications Inc. said it will invest $100 million in a partnership with the satellite communications company intended to challenge ...
AST SpaceMobile's Verizon deal ‘another vote of confidence,' UBS says
Space-based broadband company AST SpaceMobile Inc.'s deal with Verizon Inc. is further evidence of its strength in the emerging satellite cellular broadband market, according to UBS.
Verizon Public Sector selected for 10-year Navy contract
WASHINGTON, May 30, 2024 (GLOBE NEWSWIRE) -- The Department of the Navy (DON) has selected Verizon Public Sector to provide wireless devices and services through the Wireless and Telecommunications Se...
AST SpaceMobile shares take off after it announces Verizon partnership
AST SpaceMobile shares jumped more than 50% on Wednesday and hit their highest level since November 2022 after the satellite communication company announced a new direct-to-cellular tie-up with Verizo...
AST SpaceMobile Stock Rockets Toward Best Month on Record After Verizon Deal
The cellular broadband network provider have surged, boosted by recent deals with Verizon Communications and AT&T.
Verizon Partners With AST SpaceMobile to Use Satellites to Boost Coverage and Fix Dead Zones
Verizon is getting another satellite partner as it ups its efforts to blanket the US with coverage.
Verizon donates additional $65K to Johns Hopkins University initiatives in DC, Baltimore
WASHINGTON, May 29, 2024 (GLOBE NEWSWIRE) -- On top of a $50,000 donation announced last year, Verizon is donating an additional $65,000 this year to Johns Hopkins University and Medicine initiatives ...
AST SpaceMobile partners with Verizon, adding to AT&T coverage deal for satellite internet to phones
Satellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with AT&T. AST chairman and CEO Abel Avellan touted the agre...
AST SpaceMobile and Verizon Announce Plans to Target 100 Percent Geographical Coverage of the Continental United States from Space on Premium 850 MHz Cellular Spectrum
MIDLAND, Texas & BASKING RIDGE, N.J.--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), and Verizon (NYSE, NASDAQ: VZ) today announced a strategic partnership w...
Verizon adds Peacock to streaming hub, offers discounted YouTube premium plan to customers
Verizon said on Tuesday that it added Comcast's Peacock to its streaming subscription hub and plans to offer YouTube Premium at a discounted rate with myPlan subscriptions.
Verizon introduces the Ultimate Phone Upgrade
Now, new AND existing customers get the best phone & streaming deals. Plus, new partnerships with YouTube Premium and Peacock make Verizon the only provider offering savings on 10 of the top streaming...
Verizon supports Texas and Louisiana communities affected by recent storms
Call/Text/Data usage incurred by customers from May 17-23 will be waived for those impacted by recent storms Call/Text/Data usage incurred by customers from May 17-23 will be waived for those impacted...
Verizon to speak at J.P. Morgan conference May 21
NEW YORK, May 17, 2024 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the J.P. Morgan Global Technology, Media and Communications Conferenc...
Verizon Expects to Double Network Thanks to AI Demand
Verizon Communications is reportedly placing a significant bet on artificial intelligence (AI) as its next major growth driver. The company, which is the largest retail wireless carrier in the United ...
Verizon unveils new AI tools to transform customer experience
New human-assisted GenAI technology offers more transparency, saves time and simplifies tasks for employees helping customers New human-assisted GenAI technology offers more transparency, saves time a...
Verizon electrifying Rhode Island fleet of service vehicles
SMITHFIELD, R.I., May 13, 2024 (GLOBE NEWSWIRE) -- Verizon is powering its sustainability commitments by rolling out its first electric fleet in Smithfield, Rhode Island.
Verizon Frontline delivers critical connectivity solutions during INTEROP 2024
BRYAN-COLLEGE STATION, Texas, May 13, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Teams recently completed a deployment in support of first responders participating in INTEROP 2024,...
Verizon to speak at MoffettNathanson conference May 14
NEW YORK, May 10, 2024 (GLOBE NEWSWIRE) -- Sowmyanarayan Sampath, executive vice president for Verizon (NYSE, Nasdaq: VZ), and CEO for Verizon Consumer, is scheduled to speak at the MoffettNathanson M...
WSJ: T-Mobile & Verizon in talks to carve up U.S. Cellular
Walter Piecyk, LightShed Partners, joins 'Squawk Box' to discuss news that T-Mobile and Verizon are in talks to carve up regional carrier U.S. Cellular, who stands to benefit from the deal, state of t...
U.S. Cellular Stock Pops on Possible Sale to Verizon, T-Mobile
The Journal reported on Thursday that Verizon and T-Mobile are looking to split the purchase of U.S. Cellular.
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday.
Verizon Public Sector earns $100M contract with the State of Michigan
LANSING, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Public Sector today announced it has been awarded a new contract by the State of Michigan valued at $100 million.
Verizon reports preliminary results of shareholder vote at 2024 annual meeting
BASKING RIDGE, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held tod...