Verizon forecast annual profit and free cash flow above market expectations on Friday, as aggressive promotions during peak holiday period helped the U.S. carrier post its highest quarterly wireless subscriber additions in six years.
Verizon Communications (NYSE:VZ) offers income investors a 6.9% yield, roughly double the S&P 500's dividend return.
VZ eyes Q4 gains with new 5G offerings and strong wireless traction, but margin pressures and soft outlook cloud the picture.
Verizon Communications remains a 'Strong Buy' due to compelling valuation, robust bottom-line performance, and a conservative debt profile. VZ's wireless service and broadband connections continue to grow, supporting stable, long-term revenue despite overall sluggish top-line expansion. Profitability has improved meaningfully, with net income and operating cash flow both rising, aided by cost reductions and operational efficiencies.
Verizon (VZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Verizon Communications Inc. stands out among large caps with a 7%+ dividend yield, supported by robust free cash flow exceeding $20B annually. Despite a daunting $150B debt load, VZ's free cash flow coverage and net-debt-to-EBITDA ratio indicate the dividend remains secure for now. The recent CEO transition to PayPal veteran David Schulman introduces uncertainty, but his board experience and new customer-centric strategy could accelerate change.
Recently, Zacks.com users have been paying close attention to Verizon (VZ). This makes it worthwhile to examine what the stock has in store.
Verizon Communications said Thursday that customers who were affected by Wednesday's cell service outage can redeem a $20 account credit through their Verizon account.
In the latest trading session, Verizon Communications (VZ) closed at $39.36, marking a -1.18% move from the previous day.
In the meantime, here's how to claim the $20 credit Verizon is offering in response to the outage.
Verizon says a “software issue” is to blame for an outage that caused frustration in Northeast U.S. cities.
The outage, which began Wednesday afternoon and dragged into the late night hours, triggered a flood of complaints from coast to coast.