Verizon (VZ -6.58%) stock lost ground in Tuesday's trading. The telecom giant's share price ended the daily session down 6.6%, and had been off as much as 8.4% earlier in trading.
U.S. Transportation Secretary Sean Duffy said Verizon is "not moving fast enough" in its $2.4 billion 15-year telecom contract with the Federal Aviation Administration.
Verizon Communications Inc. (NYSE:VZ ) Deutsche Bank 33rd Annual Media, Internet & Telecom Conference March 11, 2025 8:00 AM ET Company Participants Frank Boulben - Chief Revenue Officer, Verizon Consumer Conference Call Participants Bryan Kraft - Deutsche Bank Bryan Kraft Okay. Good morning, everyone.
Verizon Communications Inc (NYSE:VZ) shares dropped 7% after warning that "soft" subscriber growth was likely in the first quarter. Rival carriers were attracting customers with promotions, the US wireless group said at an investor conference.
Verizon warned on Tuesday that first-quarter subscriber growth would likely be "soft" as rival carriers attract customers with promotions, sending its shares down 5.3% in premarket trading.
Verizon is giving a strong dividend yield of over 6%, which has attracted a lot of investors looking for a stable dividend income. However, Verizon stock has massively lagged the broader S&P 500 index for the past 1 year, 3Y, 5Y, and 10Y due to a very low EPS growth potential. Verizon has added 408K broadband net adds in the recent quarter, but the overall revenue growth projection remains quite modest.
Verizon Communications (VZ) closed at $42.84 in the latest trading session, marking a -0.07% move from the prior day.
Zacks.com users have recently been watching Verizon (VZ) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Verizon Communications Inc. (NYSE:VZ ) Morgan Stanley Technology, Media & Telecom Conference March 4, 2025 11:30 AM ET Company Participants Tony Skiadas – Chief Financial Officer Conference Call Participants Ben Swinburne – Morgan Stanley Ben Swinburne All right. Good morning.
Since my last writing, Verizon has reported strong Q4 earnings. But its stock price advanced even more, resulting in a P/E expansion to 9.09x (from 8.5x at the time of my last writing). A reexamination of the stock shows that the current valuation is still attractive, with a risk premium at a multi-year low.
A growing number of U.S. lawmakers are raising questions about the potential for SpaceX CEO Elon Musk to interfere or take over a $2.4 billion Federal Aviation Administration telecommunications contract with rival Verizon.
At the Barclays Communications and Content Symposium on February 25, 2025, Verizon Communications (VZ 0.21%) Executive VP Joseph Russo discussed the company's network strategy and infrastructure development. Here are three things of note for investors.