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Verizon Communications Inc. (VZ)

NYSE - NYSE Delayed Price. Currency in USD
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57.38-0.43 (-0.74%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous Close57.81
Open57.70
Bid0.00 x 3100
Ask0.00 x 900
Day's Range57.31 - 57.85
52 Week Range48.84 - 62.22
Volume10,695,491
Avg. Volume13,691,110
Market Cap237.444B
Beta (5Y Monthly)0.41
PE Ratio (TTM)12.98
EPS (TTM)4.42
Earnings DateOct. 21, 2020
Forward Dividend & Yield2.51 (4.37%)
Ex-Dividend DateOct. 08, 2020
1y Target Est61.26
  • Verizon Response: Tropical Storm Zeta
    GlobeNewswire

    Verizon Response: Tropical Storm Zeta

    What you need to know: * Verizon consumer (prepaid and postpaid) and small business customers in Louisiana and Mississippi in the path of Tropical Storm Zeta will receive unlimited calling, texting and data starting 10/28 through 11/1 * As Zeta heads towards the Gulf Coast, our emergency response teams are busy making sure residents, visitors and first responders can stay connected before, during and after the storm * If you live in an area that will be affected by Zeta, now is the time to make sure you know your weather plan and are making sure you and your family are preparedVerizon offers customers relief in advance of Tropical Storm ZetaFor our consumer and small business customers in the path of Zeta, beginning Wednesday, October 28 through Sunday, November 1, Verizon is providing unlimited calling, texting and data to those who reside in the following parishes and counties:Louisiana: Ascension, Assumption, Jefferson, Lafourche, Livingston, Orleans, Plaquemines, Saint Bernard, Saint Charles, Saint James, Saint Tammany, St. John the Baptist, Tangipahoa, TerrebonneMississippi: Hancock, Harrison, JacksonWe’re ready to keep our network runningBASKING RIDGE, N.J., Oct. 27, 2020 (GLOBE NEWSWIRE) -- In preparation for Zeta, the Verizon network team has been busily readying the network to provide reliable, dependable communications before, during and after the storm. When storms like Zeta hit, power outages are commonplace. Verizon has backup power in the form of batteries and generators at our cell sites and network facilities so that even if commercial power is lost, our network can continue to run. These batteries and generators have come in handy many times already this year with the other storms that have hit. We have also pre-arranged for ongoing fuel deliveries to the generators so if commercial power is out for a long period, we are able to keep customers and first responders connected to the people and resources they need.Extreme weather events can also damage fiber optic cables, which carry data and are an essential part of keeping our wireless network running. Despite having duplicate fiber paths for redundancy, fiber can be damaged in multiple places due to sustained winds, a storm surge or even manual cuts during storm recovery work, impacting communications. To respond to that circumstance, we have a fleet of satellite enabled portable equipment that can serve as a temporary alternative to fiber and can aid in the restoration of service in critical areas.Having recently responded to impacts from Hurricanes Laura, Sally and Delta, the network team has quickly performed maintenance on Verizon’s fleet of mobile assets - such as mobile cell sites and satellite links - and deployed those assets just outside of the predicted storm impact zone for quick mobility after the storm rolls through. With attention to health concerns during the ongoing pandemic, the network Emergency Operation Center has been activated with many functions virtualized to make it easier for our engineers working on network repairs and deploying mobile assets to remain socially distanced. We have also arranged for individual portable housing units for mission critical network engineers in the field.We’re ready to support our first responders and communityVerizon is the No. 1 network for public safety. During Zeta and at all times of crisis, we provide network priority and preemption for first responders at no cost to public safety agencies. As always, first responders have access to the Verizon network when they need it. Additionally, the Verizon Response Team (VRT) will be available onsite 24/7 as the storm makes landfall and in its aftermath to coordinate with first responders and to provide essential technologies as long as they’re needed. VRT assets including devices, special equipment, emergency vehicles and more to support local, state and federal agencies responding to the storm.Not only do we work to ensure our network is ready for the storm, but we make plans to be there for our neighbors who may be impacted. We have mobile Wireless Emergency Communications Centers, Tactical Command Trailers, and Response Trailers ready to deploy to support first responders and community members during recovery efforts. We also have portable cell sites and equipment to support first responders’ emergency command centers.Due to the storm, Verizon retail stores may be closed or have reduced hours. You can find the latest hours and locations by visiting: https://www.verizonwireless.com/stores/.Have a plan for your familyBefore landfall, we encourage you to take these steps to ensure your loved ones are ready to communicate during the storm:Device preparation: * Ensure all battery-powered devices are fully charged before the storm hits. This includes wireless phones and smartphones, laptops, tablets, flashlights and radios * Wireless devices can be a key source of information and communication in the event of an emergency, so be sure to keep phones, tablets, laptops, batteries, chargers and other equipment in dry, accessible locations like re-sealable plastic bags, dry bags or waterproof cases * In case of evacuation, make sure you know where your chargers are, both wall and vehicle charging cords, and have portable device chargers fully charged and next to your device Know and back up your info: * Maintain a list of emergency phone numbers and email addresses, including police, fire and rescue agencies; power companies; insurance providers; and family, friends and co-workers. Program them into your phone, smartphone, tablet or laptop and also have a hard copy handy, someplace easily accessible * Backup your information on Verizon Cloud - Verizon offers backup assistance through the Verizon Cloud to store your phone’s address book and contact information as well as pictures and other content on a secure server * Record video/take photos of your possessions in your residence before severe weather hits Bookmark resources: * Download weather applications and alerts that provide users with a variety of information such as radar images, forecasts and severe storm warnings * Program your smartphone to receive emergency alerts. Wireless Emergency Alerts (WEAs) are free wireless notifications that are delivered to your mobile device by local/national public safety organizations * Also in case of evacuation, bookmark your emergency resources on your phone so you can research any special restrictions, limitations or instructions if you need emergency shelter, medical care or other support that may be impacted by COVID-19. How businesses and government organizations can prepare and stay connectedBusinesses and governments know the importance of preparedness. As Zeta Approaches, contingency planning is critical. We offer customers products and services that can help disaster-proof communications and enable business continuity.It’s also a good time to review readiness plans. Suggested steps for businesses and government organizations include: * Make sure you have contact information updated and readily available for all employees * Make copies of insurance documents, review insurance coverages and update as appropriate * Ensure employees working from home have documented all corporate equipment being used to work from home in case of damage or loss * Ensure you have a backup plan to shift work in case work-from-home employees in a storm-impacted area have to evacuate their home or their home loses commercial power**Editor’s Note:   We have b-roll, pictures and additional information on our emergency response equipment available at our Emergency Resource CenterVerizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.Media contacts: Kate Jay 678.245.9532 Kate.Jay@verizon.com Twitter: @KateHarrisJayKaren Schulz 864.561.1527 Karen.Schulz@VerizonWireless.com Twitter: @VZWKarenS

  • Verizon customers get more 5G value with TCL 10 5G UW for only $399
    GlobeNewswire

    Verizon customers get more 5G value with TCL 10 5G UW for only $399

    BASKING RIDGE, N.J., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Verizon’s 5G Ultra Wideband has expanded into parts of 55 cities, just in time for the TCL 10 5G UW, a new TCL Mobile phone that makes it easier to see blazing-fast speeds and the transformational experience that comes from 5G Ultra Wideband -- all at our most affordable price yet! Here are the five most important things to know about the TCL 10 5G UW: 1 TCL 10 5G UW has incredible value! Verizon today confirmed the availability of the TCL 10 5G UW, a stylish phone that offers performance and power without breaking the bank. It debuts October 29 with a wallet-friendly price of $399.99. Fast, beautiful and affordable, the phone blazes a new trail towards 5G access. 2 It’s 5G Ultra Wideband and 5G Nationwide capable. Say hello to the first TCL phone that can get download speeds up to 25X faster than 4G LTE with 5G Ultra Wideband1, opening up new possibilities for movies that download in seconds and content delivery with ultra-low lag2. TCL 10 5G UW also supports Verizon 5G Nationwide using advanced technology that lets low-band connections run simultaneously with 4G LTE3. 5G Nationwide covers more than 200 million customers in over 1,800 cities. 3 Viewers will love this display TCL’s NXTVISION technology boosts the 6.5-inch Full HD+ display to give photos and video extra sharpness. It also enhances clarity and contrast so scenes have rich and deep colors. Watch HDR10 video for better entertainment or turn on the special Reading color mode to get the best out of this incredible view. 4 - TCL 10 5G UW has power to spare Leaving in 30 minutes? Plug-in the TCL 10 5G UW and Qualcomm Quick Charge will take the battery from near zero to 50% in half an hour4. A fully-charged 4,500 mAh battery will make it through the day, and there's even an On-The-Go Reverse Charging feature that can share power with another device. 5 Verizon promotions make it even more affordable Upgrading to a premium-quality phone at a low price is sweet, but we can make the process even sweeter with limited-time promotions. Open a new line on select Verizon Unlimited plans and trade-in an eligible phone to get up to $360 in credits5. Existing customers can also sign-up for a Do More, Play More, or Get More Unlimited plan and get up to $250 with trade-in6. Visit Verizon.com or the My Verizon app to learn more about TCL 10 5G UW.1 5G Ultra Wideband available only in parts of select cities. 25x faster speeds claim based on analysis by Ookla® of SpeedtestIntelligence® data median download speeds from Verizon 5G results compared to the median 4G LTE speeds of top U.S. carriers combined in Q1 and Q2 2020. 2 Movie download speeds may vary depending upon network and coverage conditions, and content optimization for 5G Ultra Wideband. 3 5G Nationwide requires device be inside Verizon 5G Nationwide coverage area. 4 Battery data based on results from TCL Lab tests with compatible charger. 5 $399.99 device payment purchase with new smartphone line on select Unlimited plan required. Less $360 trade-in/promo credit applied over 24 months; promo credit ends if eligibility requirements are no longer met; 0% APR. Trade-in conditions apply. 6 $399.99 device payment purchase with select Unlimited plan required. Less $250 trade-in/promo credit applied over 24 months; promo credit ends if eligibility requirements are no longer met; 0% APR. Trade-in conditions apply.Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at https://www.verizon.com/about/media-center. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.Media contact: Andrew Kameka andrew.kameka@verizon.comGeorge Koroneos george.koroneos@verizon.com

  • Big Tech’s Digital-Ad Comeback Is Yesterday's News
    Bloomberg

    Big Tech’s Digital-Ad Comeback Is Yesterday's News

    (Bloomberg Opinion) -- Earlier this year, as the pandemic wreaked havoc on the economy, Facebook Inc., Alphabet Inc.’s Google and other big players in digital-advertising were bracing for a prolonged slump in the industry. It’s clear now that many of their worst fears haven’t come to pass. Marketers began spending again after governments relaxed lockdown orders and economies stabilized. But with elevated valuations already baking in expectations for a rebound and a surge in Covid-19 cases now threatening to stunt the recovery, investors might want to take a moment to stop and assess. We will get a clearer picture of the online ad market’s condition later this week when Facebook, Alphabet and Twitter Inc. report results after the close of trading on Thursday. But let’s look at what we’ve learned so far from other companies this earnings season.Anecdotal evidence from earnings calls points to an improved economic environment, at least until lately. Verizon Communications Inc. CEO Hans Vestberg said last week he saw high levels of business activity among the wireless carrier’s large corporate customers. In addition, two major semiconductor suppliers — Texas Instruments Inc. and Xilinx Inc. — cited stronger-than-expected demand from the auto sector in their calls with investors. This all bodes well for ad spending, assuming the brighter outlook is sustained. Snap Inc.’s blockbuster earnings last week provided perhaps the strongest evidence of a rebound. The social media company beat the consensus sales estimate for its September quarter by more than 20%, with management saying many of the headwinds they expected didn’t materialize. Corporate advertisers surprisingly resumed brand-oriented marketing initiatives, a very positive sign. But Snap’s impressive performance also reflects the success of unique advertising products that have helped set it apart from its peers. These include new ad formats that can directly lead users to online sales and app downloads, as well as augmented-reality offerings that enable users to virtually try out products inside the Snapchat app. Larger rivals haven’t been able to match this type of innovation and likely won’t turn in the same kind of outperformance, even if they exceed expectations. Out of Big Tech, Facebook has done the best in expanding its offerings into the right areas. Recently, the social media giant has been aggressively moving into the e-commerce space. In May, the company signed a partnership with Shopify Inc. to expand its Facebook Shops initiative, enabling small businesses to easily create online stores on both Facebook and Instagram. Last week, it also announced plans to charge for new commerce-related services for businesses inside WhatsApp. This is a big deal because it represents Facebook’s first concrete step to monetize this messaging platform, which has more than two billion users. With consumer shopping behavior permanently shifting online, these moves should pay off.Google and Twitter have been less innovative, and it may show in their results. A healthier advertising market will help Google’s search ad revenue and Twitter’s more brand-oriented ads, but the two companies haven’t offered anything dramatically new or different that could spur another leg higher on growth. In some ways, Google’s search dominance may have left it with fewer additional areas to conquer. And I’ve repeatedly written about Twitter’s lackluster track record in keeping up and matching the competition’s latest ad platform technologies and features. Despite Twitter’s stock recent rise, I have seen nothing to change that assessment.Where does this leave investors heading into earnings? The news may well be positive — the ad business does seem to have held up better than expected — but the industry’s higher valuations depend on continued business momentum. New Covid-19 outbreaks, unknowns surrounding the presidential election and a lack of fresh fiscal stimulus all cloud the view, not to mention a toughening regulatory landscape. Even with its strong results, Snap declined to give official fourth-quarter guidance, citing the uncertainty over the holiday season and the continuing pandemic. If business trends do worsen, it may be a larger issue for Google and Twitter. Facebook and Snap should be more insulated, with their latest services and tools allowing them to keep riding the tailwind of e-commerce. Either way, the big wins may be harder and harder to score.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.