Up 8% Year To Date As 5G Gains Traction, What's Next For Verizon Stock? [Forbes]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Forbes
More than 70,000 customers have been impacted by outages across AT&Ts network Thursday morning, causing internet and cellular service outages, according to Down-detector (Photo by Kena Betancur/VIEWpress) Wireless behemoth Verizon has seen its stock rise by about 8% year-to-date in 2024 while recovering by about 34% from lows seen in mid-2023. The company recently posted a better-than-expected set of Q4 2023 results. Earnings for the quarter came in at $1.08, in line with expectations. Revenue stood at $35.1 billion, about 0.6% lower versus last year, although the number was ahead of estimates. Verizon also appears to be getting its act together on the 5G front. Verizon had a handicap in 5G mid-band spectrum, which offers both wide coverage and high speeds, compared to T-Mobile. The company saw three consecutive quarters of declines in postpaid phone subscriptions in its consumer division last year. However, Verizon has been acquiring and deploying new C-band spectrum to address the
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VZ
News
- Verizon receives 2024 ENERGY STAR Award for 12th consecutive year [Yahoo! Finance]Yahoo! Finance
- Verizon receives 2024 ENERGY STAR Award for 12th consecutive yearGlobeNewswire
- Verizon: Get Paid 6.7% While You Wait For 2024 Catalysts [Seeking Alpha]Seeking Alpha
- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge Fund [Yahoo! Finance]Yahoo! Finance
- Verizon to award $25K crisis-response grant to Maryland Tough Baltimore Strong Key Bridge FundGlobeNewswire
VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 4/25/24 - Form 10-Q
- 4/22/24 - Form 8-K
- 4/16/24 - Form PX14A6G
- VZ's page on the SEC website