Verizon Communications Inc. (VZ)
| Market Cap | 167.49B |
| Revenue (ttm) | 134.04B |
| Net Income (ttm) | 11.31B |
| Shares Out | 4.21B |
| EPS (ttm) | 2.67 |
| PE Ratio | 14.90 |
| Forward PE | 8.34 |
| Dividend | $2.66 (6.69%) |
| Ex-Dividend Date | Apr 9, 2024 |
| Volume | 12,038,655 |
| Open | 39.51 |
| Previous Close | 39.48 |
| Day's Range | 39.38 - 39.83 |
| 52-Week Range | 30.14 - 43.42 |
| Beta | 0.41 |
| Analysts | Buy |
| Price Target | 43.67 (+9.75%) |
| Earnings Date | Apr 22, 2024 |
About VZ
Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadba... [Read more]
Financial Performance
In 2023, VZ's revenue was $133.97 billion, a decrease of -2.09% compared to the previous year's $136.84 billion. Earnings were $11.61 billion, a decrease of -45.36%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for VZ stock is "Buy." The 12-month stock price forecast is $43.67, which is an increase of 9.75% from the latest price.
News
U.S. Cellular Stock Pops on Possible Sale to Verizon, T-Mobile
The Journal reported on Thursday that Verizon and T-Mobile are looking to split the purchase of U.S. Cellular.
T-Mobile, Verizon in talks to buy parts of US Cellular, WSJ reports
T-Mobile and Verizon Communications are in talks to buy parts of United States Cellular in separate transactions, the Wall Street Journal reported on Thursday.
Verizon Public Sector earns $100M contract with the State of Michigan
LANSING, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Public Sector today announced it has been awarded a new contract by the State of Michigan valued at $100 million.
Verizon reports preliminary results of shareholder vote at 2024 annual meeting
BASKING RIDGE, N.J., May 09, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced preliminary results of the shareholder vote at its annual meeting, which was held tod...
Verizon's Small Business Digital Ready program reaches 300K businesses with free, online resources
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Verizon's Small Business Digital Ready Program, a free resource for small businesses to access over 50 courses, expert-led workshops, in-person and virtual n...
Verizon Business offers business customers pre-orders for the new Google Pixel 8a with Google AI
The newest phone from Google offers AI and more for businesses to help deliver productivity, security, and support - all at an affordable price.
Google AI meets bold style at an affordable price: Preorder the Pixel 8a on Verizon today
New and existing Verizon customers can get the Google Pixel 8a on us, with a new line on myPlan¹ New and existing Verizon customers can get the Google Pixel 8a on us, with a new line on myPlan¹
Verizon to donate $70K, celebrate Latino community in Chicago
CHICAGO, May 07, 2024 (GLOBE NEWSWIRE) -- Verizon is making a commitment to local Latino-serving organizations for the support of small businesses and digital inclusion through $70,000 in new donation...
Verizon Frontline and NOAA to partner on advanced disaster response research
What You Need To Know Verizon Frontline will support NOAA research and severe storm damage assessment through a new Cooperative Research and Development Agreement The Verizon Frontline Crisis Response...
Cummins, Verizon Business ink groundbreaking deal for combo Neutral Host + Private 5G network
What you need to know: Cummins is the first announced customer for Verizon Business' all-new Neutral Host Network product. Verizon Business will provide Cummins with both a private 5G network and a ne...
Largest U.S. Pension Sold Verizon, Disney, and Peloton Stock. It Bought Moderna.
Calpers slashed investments in Verizon, Disney, and Peloton stock, and doubled down on Moderna shares in the first quarter.
Verizon Business to spotlight the fast-changing cybersecurity landscape and how to manage it at RSA Conference™
Verizon Business has the unique position of being a global leader in cybersecurity with network expertise and visibility. Verizon Business has the unique position of being a global leader in cybersecu...
2024 Data Breach Investigations Report: Vulnerability exploitation boom threatens cybersecurity
What you need to know: Vulnerability exploitation surged by nearly 3X (180%) last year. Ransomware and the meteoric rise of extortion techniques accounted for a third (32%) of all breaches.
2024 Data Breach Investigations Report: Half of the Breaches in EMEA are Internal
What you need to know: More than two-thirds (68%) of breaches globally involve a non-malicious human action. Vulnerability exploitation experienced 180% growth vs 2023.
Verizon donates $20,000 to the American Red Cross for disaster relief efforts in Oklahoma
The donation will support communities hardest hit by this weekend's storms The donation will support communities hardest hit by this weekend's storms
FCC Fines Verizon, T-Mobile and AT&T $200 Million for Sharing Customer Location Data
The agency issued penalties to the carriers for selling customer data to third parties without consent.
FCC fines wireless carriers nearly $200 million for sharing user locations without consent
The Federal Communications Commission has leveraged nearly $200 million in fines against wireless carriers AT&T, Sprint, T-Mobile and Verizon for illegally sharing customers' location data without the...
Verizon Business kicks off 2024 Innovation Sessions in Chicago's historic Soldier Field
Verizon Business and Nokia to showcase the latest in digital transformation innovations for enterprise and public sector leaders, and small business owners on May 1 Verizon Business and Nokia to showc...
US fines telcos $200M for sharing customer location data without consent
The U.S. Federal Communications Commission said on Monday that it is fining the four U.S. major wireless carriers around $200 million in total for “illegally” sharing and selling customers' real-time ...
Houston Dynamo Football Club and Verizon extend partnership agreement for 2024 season
Verizon will continue as the Official 5G partner of Houston Dynamo FC and the Houston Dash Verizon will continue as the Official 5G partner of Houston Dynamo FC and the Houston Dash
Verizon, AT&T, T-Mobile, Sprint all fined by FCC for sharing customer data
The FCC has fined the largest U.S. wireless carriers for sharing users' geolocation histories with third parties. T-Mobile was hit the hardest with an $80 million fine.
FCC fines big phone companies nearly $200 million for sharing customer location data
The FCC fined four US network providers nearly $200 million for illegally sharing customer data. The FCC said the companies sold data to "aggregators," who resold it to third parties.
Top US mobile carriers fined $200m by FCC over illegal location-data sharing
T-Mobile, Verizon, Sprint and AT&T say they will appeal against ‘excessive' fines meted out by US regulator
FCC Fines Wireless Carriers for Sharing Customer Data
Agency says four carriers sold access to customers' location data to aggregators.
FCC fines US wireless carriers nearly $200 million over illegal location data sharing
The Federal Communications Commission fined the largest U.S. wireless carriers nearly $200 million for illegally sharing access to customers' location information.