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Verizon Communications Inc. (VZ)

NYSE - Nasdaq Real-time price. Currency in USD
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57.10+0.78 (+1.39%)
As of 2:13PM EDT. Market open.
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Previous close56.31
Open56.16
Bid57.06 x 3100
Ask57.07 x 1300
Day's range56.02 - 57.24
52-week range48.84 - 62.22
Volume11,515,653
Avg. volume13,772,258
Market cap236.264B
Beta (5Y monthly)0.41
PE ratio (TTM)12.92
EPS (TTM)4.42
Earnings date28 Jan 2021 - 01 Feb 2021
Forward dividend & yield2.51 (4.46%)
Ex-dividend date08 Oct 2020
1y target est62.13
  • Verizon gives customers more premium gaming experiences on the network built for gamers
    GlobeNewswire

    Verizon gives customers more premium gaming experiences on the network built for gamers

    New World of Warships content and perks available to Verizon customers What you need to know: * Verizon mobile and Fios customers get in-game “loot” on us ($75 value), including premium account status and two premium warships on the award-winning naval warfare multiplayer game. * On November 9, Verizon will be part of World of Warships Virtual Fleet Week. Tune-in to watch the ship parade, air show, keynote, inspirational stories, insights, resources for veterans and more. * On December 4th & 5th, Verizon will host two gaming tournaments for the World of Warships community: Verizon Branches Challenge - an exhibition match featuring four teams of veterans competing to support their charity of choice, and the Verizon Warrior's Championship, a pro-level competition with a total of $30,000 in prize money. BASKING RIDGE, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Today, Verizon announced a partnership with World of Warships, the award-winning naval warfare themed game from Wargaming. Starting today, all Verizon wireless customers can get $75 of in-game content, including codes for two premium warships (USS Albany & USS Arizona) and access to premium account status for four months. Fios customers can also access the promotion starting November 4.In addition, starting November 5, Verizon Up customers will have the chance to win one of 300 Super Tickets, available on a first-come, first-served basis that unlock access to even more World of Warships in-game perks, including: a free USS Alabama ship ($50) and 1,200 Doubloons ($10) of in-game currency per ticket ($60 value in total).​"​We are excited to team up with World of Warships to give premium game content and entertainment experiences to Verizon customers at no added cost​," said Erin McPherson Chief Content Officer at Verizon Consumer Group, “Verizon is committed to taking gaming and virtual events to the next level with our 5G network built for gamers.”For more information, customers can visit https://verizon.com/gaming/world-of-warships/. To sign up for World of Warships for free, visit worldofwarships.com.Join Verizon for Virtual Fleet Week Verizon celebrates the home of the brave from the home of World of Warships Virtual Fleet Week. Tune in to watch the ship parade, air show, keynote by Vice Admiral Peter Daly, WWII testimonials, and more. Verizon will feature bite-sized programming touching on the intersection of gaming and mental health. Experts and Verizon veteran employees will offer inspirational stories, insights and resources for veterans.Hosted by The HISTORY® Channel with commentaries by Dr. Geoffrey Wawro, Professor of Military History at the University of North Texas and Director of the UNT Military History Center, the virtual experience will stream on World of Warships Twitch and YouTube channels on November 9, starting at 3pm CST.Throughout the special, viewers will be encouraged to make donations to Wounded Warrior Project in support of military families. Verizon has committed to donate $250,000 to Wounded Warrior Project this Veterans Day.Gaming competition: Verizon Warrior’s Championship Verizon is hosting two tournaments for the World of Warships and Veterans community on December 5 and 6. The Verizon Warrior's Championship will pit pro-level teams against each other for the chance to win one of three prizes worth $30,000 in total.Veterans will compete on the Verizon Branches Challenge, an exhibition match featuring four teams of veterans from each of the major service branches, for a donation to the charity of their choice sponsored by Verizon.Veterans interested in competing can sign up starting November 10 at www.worldofwarships.com.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: Ana Ibarra ana.ibarra@verizon.com

  • Verizon continues to expand 5G Home Internet to customers across the country
    GlobeNewswire

    Verizon continues to expand 5G Home Internet to customers across the country

    Atlanta, Dallas, Denver and San Jose customers can now benefit from the blazing-fast wireless broadband serviceWhat you need to know: * Verizon 5G Home Internet expands to parts of Atlanta, Dallas, Denver and San Jose. * Now customers in parts of 12 cities can take advantage of the blazing-fast wireless broadband 5G Ultra Wideband service. * New 5G Home Internet customers get YouTube TV & Amazon Smart Home Bundle on us. * 5G Home Internet is $50 per month for Verizon customers* and $70 per month for non-Verizon customers.**BASKING RIDGE, N.J., Oct. 29, 2020 (GLOBE NEWSWIRE) -- The expansion continues. Beginning November 5th, 5G Home Internet will expand to customers in parts of Atlanta, Dallas, Denver and San Jose. The blazing-fast Internet service is now available in parts of 12 markets, building on continued advancements of our 5G technology for customers. The new 5G Home Internet cities come on the heels of the historic expansion of 5G Ultra Wideband1 in 19 additional US cities, 19 stadiums and six airports, along with our Nationwide 5G launch. “We continue to lead the industry forward with the unprecedented speeds of our 5G Ultra Wideband network,” said Frank Boulben, Senior Vice President of Consumer Marketing and Products at Verizon. “By deploying and expanding 5G Home Internet to even more cities, we’re providing our customers with more choices when it comes to home connectivity, which is so critical during these challenging times.”5G Home Internet is available in the following cities today: * Atlanta * Detroit * Minneapolis * Chicago * Houston * Sacramento * Dallas * Indianapolis * San Jose * Denver * Los Angeles * St. Paul Why 5G Home Internet.It’s Internet of a different kind, ideal for people working remotely, schooling at home or streaming their favorite shows. And it’s smoking fast. Customers can experience peak download speeds of up to 1 Gbps, depending on location, with typical download speeds of 300 Mbps.2 The service is $50 per month for Verizon customers and $70 per month for non-Verizon customers with no hidden fees or contracts. Customers can set up 5G Home Internet on their own time using innovative new hardware complete with augmented reality.Choices and SmartsCalling all bingers and streamers: Verizon has teamed up with some of the best content providers in the industry to bring customers plenty of options. New 5G Home Internet customers get YouTube TV free for one month. And for all your streaming needs, customers get a free, Stream TV device, which delivers access to an extensive library of OTT channels, apps and entertainment, including Amazon Prime Video, Disney+, Netflix and more. For smart home lovers, there are plenty of cool toys to add to the super-fast service. New 5G Home Internet customers will get a free Amazon Smart Home Bundle, which includes an Echo Show 5, Ring Stick Up Cam, Echo Dot and Amazon Smart Plug for the smartest home around.Customers can visit verizon.com/5g/home to find out if 5G Home Internet is in your area.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/.*with Verizon mobile plan of $30 or more req'd**With autopay and paperless billing15G Ultra Wideband available only in parts of select cities.2Max download speeds up to 1 Gbps, depending on location, with typical download speeds of 300 MbpsFirst month trial promotion open to participants subscribing to Verizon 5G Home service from October 1, 2020 - December 31, 2020, and must be redeemed by February 28, 2021. Offer redeemable where YouTube TV is available and for new YouTube TV subscribers who have never participated in a YouTube TV trial. Local channel availability may vary. Promotional value of subscription(s) nontransferable, not for resale, and not redeemable for cash. Valid payment form req’d at sign-up. Subscribers will be automatically charged the standard subscription price (currently $64.99/mo.) at the end of trial period. Cancel any time before trial is over at no charge. No refunds for partial billing periods are available. Must be 18 years or older. Google account required. Full terms here: www.youtube.com/t/terms_paidservice.Media contact: Alex Lawson 908-635-0271 alex.lawson@verizon.com

  • Samsung Warns of Weaker Outlook Even as Profit Beats
    Bloomberg

    Samsung Warns of Weaker Outlook Even as Profit Beats

    (Bloomberg) -- Samsung Electronics Co. warned earnings in the current quarter will decline, saying the strong growth in its mobile and memory business that helped third-quarter profit beat will ease amid intensifying competition and weakening demand.The world’s largest maker of memory chips and personal electronics said net income rose a better-than-expected 52% to 9.27 trillion won ($8.2 billion) in the three months ended September, beating the 7.54 trillion won average of estimates. Samsung foresees capital spending of about 35.2 trillion won this year because of a migration to more advanced chip processes and a buildout of its contract chipmaking business.The South Korean technology giant’s tepid outlook may fuel concern that the remarkable tech sector rally during the pandemic may have run its course. The company joined fellow chipmakers Micron Technology Inc. and Intel Corp. in warning that demand from server customers will weaken amid an inventory correction. Samsung also forecast rising competition in mobile phones and consumer electronics and said it will have to boost spending on marketing.”Concerns over disruptions in supply chain drove chip demand from cloud operators early this year due to the Covid-19 pandemic but the demand cooled down as inventories kept rising,” said Park Sung-soon, an analyst at Cape Investment & Securities. “We are seeing a correction in the memory chip market in 4Q but memory chip prices are expected to rise next year when hyperscalers start expanding their investment in servers.”Samsung Electronics shares have surged nearly 40% from their March lows. The stock slipped as much as 2.4% on Thursday after the earnings report, the most in more than a month.Click here for a live blog on the numbers.Sales of Samsung smartphones jumped nearly 50% during the September quarter as the rollout of its latest Galaxy Note series and a new foldable device reignited demand for premium handsets that had flagged during the coronavirus pandemic. Phone shipments totaled 88 million units, while tablet PCs reached 9 million during the period, according to the company, which is seeking to regain the lead as the world’s largest smartphone maker after losing the crown earlier this year to Huawei.Shelter-in-place measures continued to boost sales of consumer electronics, particularly of higher-end televisions, according to the company. But uncertainties over the pandemic will linger and costs are expected to increase heading into the year-end peak season, it added.Read more: Turns Out, People Do Buy Gadgets in a Pandemic: Tim Culpan“The mobile communications business is likely to see smartphone sales decline and marketing costs increase due to competitive market environment. In consumer electronics, profitability is expected to weaken on growing competition and rising costs, despite solid demand,” Samsung said in the earnings release. “For 2021, the company expects a recovery in overall global demand but uncertainties will remain over the possibility of recurring epidemic waves of Covid-19.”Overall demand for memory exceeded expectations in the third quarter, boosted by rush orders from Huawei Technologies Co. ahead of U.S. sanctions that kicked in last month as well as other mobile customers. While mobile may continue to remain strong in the fourth quarter and into the first half, server orders are likely to be weak with the prolonged pandemic prompting clients to slow orders, Samsung said.Server memory prices are already correcting. Contract prices for 32-gigabyte DRAM server modules fell 9% in the September quarter, according to InSpectrum Tech Inc. Prices for 128-gigabit MLC NAND flash memory chips decreased about 8% in the third quarter. Micron cut capital spending plans last month, warning about weaker demand from some corporate customers and forecast possible oversupply of flash memory chips next year.With its main mobile and chip units set to slow, Samsung is looking to newer businesses to bolster growth. The contract chipmaking division posted record quarterly revenue and the company expects to exceed the industry’s high-single-digit growth “significantly” in 2021. It also plans to expand its fledgling networks business in North America and Japan, after winning a 7.9 trillion won contract to supply 5G wireless solutions to Verizon Communications Inc. during the third quarter.The company further delayed the announcement of a new shareholder return policy, telling analysts Thursday it now plans to release details in late January.The death of Samsung Group Chairman Lee Kun-hee over the weekend may add to uncertainty. While his son Jay Y. Lee is expected to take over as chairman of the group, the younger Lee still faces two trials over allegations he used bribery and accounting trickery to smooth his path to succession. The family will also have to pay billions of dollars in inheritance tax, and Samsung has so far declined to comment on how they will fund the payments.Read more: Lee’s Risk of Jail Time Complicates Samsung Succession Plans(Updates with analyst comment in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.