• Telecommunications Services
  • Communication Services
Verizon Communications Inc. logo
Verizon Communications Inc.
VZ · US · NYSE
40.09
USD
+0.14
(0.35%)
Company Overview

1095 AVENUE OF THE AMERICAS,NEW YORK NY 10036,212-395-1000

CEO

Mr. Hans E. Vestberg

Employess

103900

Sector

Communication Services

Industry

Telecommunications Services

Website

https://www.verizon.com

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Next Earnings Date

Oct. 22, 2024

Ex Dividends date

Aug. 01, 2024

Dividend Date

July 10, 2024

YTD Performance

3.11%

Fiscal Year End

12-31

IPO Date

1983-11-21

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 1.06% 0.47% 1.46% -2.09%
EPS -3.67% -6.00% -13.74% -45.45%
Equity 9.06% 11.70% 10.86% 1.41%
Cash -27.78% -5.53% -54.67% -20.73%
Return On Capital (ROIC) 12.86% 9.92% 8.63% 7.68%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 17,200 14,100 11,300 9,370 14,000
Long Term Debt 158,000 162,000 167,000 141,000 119,000
LT Finance Leases 24,300 25,700 27,100 21,500 21,700
Shares Outstanding 4,210 4,200 4,150 4,140 4,140
Market Cap 159,000 166,000 216,000 243,000 254,000
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
Verizon Stock Didn't Deserve the Battering It Just Took
2 months

Investors responded badly to the telecom's second-quarter revenue miss. Still, Verizon met expectations on the bottom line and showed growth in several important aspects of its business.

fool.com
Verizon: Buy The Market's Over Reaction, Yields Even Richer Here
2 months

VZ's FQ2'24 results have been misunderstood indeed, with the decrease in wireless equipment revenues well-balanced by growth in service revenues and robust net adds. This may be further aided by the robust net additions for both mobility and fixed wireless in the Business segment, further underscoring why the management has reiterated their FY2024 guidance. The consensus have also upgraded their forward estimates, with VZ expected to report increasingly rich adj EBITDA margins and Free Cash Flow margins through FY2026.

seekingalpha.com
Amid Q2 Earnings, Verizon Stock Needs to Do This 1 Thing to Get Back on Track
2 months

Verizon holds $149 billion in total debt. A low P/E ratio has offered investors little relief.

fool.com
Top 10 Dividend Stocks For A Recession-Focused Portfolio In 2024
2 months

Preparing for a recession and the next stock market decline is important as it can help you to significantly reduce the volatility of your investment portfolio. In this article, I have selected 10 companies which are particularly suitable for such a recession-proof portfolio, especially due to the companies' ability to pay sustainable dividends. All of the selected companies have a robust business model, strong competitive advantages, an excellent competitive position, and are financially healthy.

seekingalpha.com
Investors Heavily Search Verizon Communications Inc. (VZ): Here is What You Need to Know
2 months

Verizon (VZ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

zacks.com
Verizon Q2: Still Not Too Late To Sell (Technical Analysis)
2 months

The VZ stock Q2 earnings report provides another example of growth challenges. Combined with the selling pressure afterward, I see large odds for VZ prices to fall below a key support level of $38.5 in the next 6–12 months. Investors with a short timeframe should thus consider selling.

seekingalpha.com
Is AT&T or Verizon Communications the Better High-Yield Dividend Stock?
2 months

AT&T offers a 6.1% dividend yield with a 59.7% payout ratio. Verizon provides a higher 6.84% dividend yield but with a 100% payout ratio.

fool.com
Verizon Shares Fall Despite Climb in Wireless Revenue. Is It Time to Buy the Stock on the Dip?
2 months

Verizon shares fell on a decline in prepaid phone subscribers as a government subsidy program ended. However, the company's core postpaid wireless and broadband businesses continue to perform well.

fool.com
7 Dividend Stocks to Hold On Tight to for the Next Decade
2 months

Here are seven outstanding dividend stocks that stand out for attractive yields and solid fundamentals. They are ideal picks for a long-term investment strategy.

investorplace.com
Get Your Money Out of These 3 Tech Stocks by August 1
2 months

The recent rotation out of tech stocks has only made the decline in some names worse. Already battered and bruised, many of the most disliked tech stocks have fallen sharply since the beginning of July as investors shift capital into value stocks and small-cap securities.

investorplace.com
High-Yield Flops: Sell These 3 Stocks Now
2 months

Many investors flock to high-yield dividend stocks because they offer a simple premise. You can put your money into a stock and generate high cash flow that gets treated more favorably when it's time to file taxes.

investorplace.com
There's a Silver Lining for Verizon Stock
2 months

Verizon failed to meet sales expectations in the second quarter. The miss was driven by lower equipment revenue as customers pulled back on upgrading their smartphones.

fool.com