In his view, the stock has no less than 26% upside. Verizon has slumped since releasing its latest quarterly earnings.
Verizon (VZ) collaborates with the National Labor Relations Board to upgrade the latter's network infrastructure with advanced security features and cloud-based services.
Verizon Communications Inc. (NYSE:VZ ) Oppenheimer 27th Annual Technology, Internet & Communications Conference August 12, 2024 12:25 PM ET Company Participants Kyle Malady - EVP & CEO of Verizon Business Group Conference Call Participants Tim Horan - Oppenheimer & Co. Inc. Tim Horan Good afternoon, everybody. Tim Horan, the Cloud and Communications Analyst here at Oppenheimer.
Verizon's recent earnings were mixed, with in-line numbers for EPS but missing revenue expectations. Despite the initial share price drop, investors are bidding VZ shares back up, but they still present an attractive value to long-term investors. The Company remains focused on paying down debt and continuing on with a strong dividend yield of ~6.5% that's set to continue to grow.
Telco businesses faced significant pressure with income investors rotating towards other risk-free alternatives. Verizon Communications Inc. is a quality business with a dirt-cheap valuation, primed to benefit from great rotation as the Fed cuts interest rates. Q2 earnings were solid, driven by strong profitability with a new phone upgrade cycle on tap to drive top-line growth.
Verizon (VZ) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The company also pays the highest dividend in the legacy index.
Falling interest rates will have a big impact on Verizon.
Verizon's dividend yield is well above average. The telecom company supports its high-yielding payout with a rock-solid financial profile.
24/7 Wall St. Insights If the market continues to drop, Verizon Communications Inc.
Verizon's free cash flow has increased during the first half of the year. The company remains on track to hit its guidance for 2024.
Verizon offers a big-time dividend. The telecom giant's payout is on an increasingly sustainable foundation.