Verizon's stock rose Wednesday, despite reports of widespread outages of the company's wireless service.
Thousands of customers of the telecommunications provider reported service problems in New York, Seattle, Miami and Los Angeles.
VZ leverages 5G, secure platforms, and telehealth tools to boost patient care and expand digital healthcare access nationwide.
The Federal Communications Commission revised a long-standing rule that required Verizon Communications to unlock its mobile phones 60 days after activation, which it said is costing the telecommunications company hundreds of millions of dollars annually due to fraud.
VZ has outpaced its wireless industry over the past year as 5G upgrades, network slicing and new partnerships fuel growth despite debt and competition.
Verizon Communications (VZ) closed at $40.57 in the latest trading session, marking a +1.1% move from the prior day.
Verizon Communications is reiterated as a Buy here, supported by the cheap valuations, the richer dividend yields of 6.81%, and the promising operational restructuring under new management. The aggressive headcount reduction and pivot to franchised retail operations are expected to drive improved productivity and profitability starting in FY2026. This is especially since VZ now reports a market-leading revenue per employee at approximately $1.35M in FY2024, well above its telecom peers, with FY2026 likely to be higher.
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 Inc. (VZ) remains a compelling buy for dividend-focused investors, supported by robust free cash flow and a 6.7% yield. VZ delivered modest top- and bottom-line growth, with revenue up 1.5% and EPS up 1.7% year-over-year, despite mixed operating metrics. Balance sheet improvements include reducing total debt to $146.8B and net secured debt/EBITDA to 2.2x, enhancing liquidity in an uncertain rate environment.
VZ ramps up fiber and 5G integration, aiming for faster broadband, expanded Fios reach and enhanced enterprise cloud and AI connectivity.
A $10,000 Verizon investment in 2015 would be worth just $14,650 today, badly trailing the S&P 500. The same investment made in 2005 grew to $27,400 by 2015, beating the market.
Verizon Communications (VZ) reached $40.32 at the closing of the latest trading day, reflecting a +1% change compared to its last close.