VZ - Verizon Communications Inc.
| Previous close | 59.67 |
| Open | 59.69 |
| Bid | 60.00 x 900 |
| Ask | 60.10 x 3200 |
| Day's range | 59.64 - 60.15 |
| 52-week range | 52.28 - 62.22 |
| Volume | 15,280,945 |
| Avg. volume | 11,611,487 |
| Market cap | 248.684B |
| Beta (5Y monthly) | 0.49 |
| PE ratio (TTM) | 15.45 |
| EPS (TTM) | 3.89 |
| Earnings date | 29 Jan 2020 |
| Forward dividend & yield | 2.46 (4.12%) |
| Ex-dividend date | 07 Jan 2020 |
| 1y target est | 61.61 |
BloombergVerizon Media Will Tap Disney+, Sports Betting, Says Group CEO
Jan.08 -- Guru Gowrappan, Verizon Media group chief executive officer, discusses 5G, sports betting and more with Bloomberg's Ed Ludlow at CES in Las Vegas.
BloombergVerizon Media to Tap Disney+, Sports Betting, Says Group CEO
Jan.08 -- Guru Gowrappan, Verizon Media group chief executive officer, discusses 5G, sports betting and more with Bloomberg's Ed Ludlow at CES in Las Vegas.
- Yahoo Finance
Consumers are starting to feel streaming fatigue, analyst says
As yet another streaming service enters the heavily saturated space, one Wall Street analyst says consumers might be starting to feel streaming fatigue.
- Zacks
CenturyLink Secures DOI Task Order for Network Modernization
CenturyLink (CTL) wins a mini contract from the U.S. Department of the Interior to deliver modern network services for the preservation of nation's natural resources.
- Zacks
Zacks Investment Ideas feature highlights: Verizon, Qualcomm, Broadcom, Intel and Skyworks Solutions
Zacks Investment Ideas feature highlights: Verizon, Qualcomm, Broadcom, Intel and Skyworks Solutions
- Zacks
Cincinnati Bell-YouTube TV Boost On-Demand Streaming Services
Cincinnati Bell (CBB) teams up with YouTube TV to deploy the latter's on-demand streaming services in Greater Cincinnati and Hawaii through cost-efficient content platform.
- Bloomberg
Sprint’s Floundering Stock Cannot Tell a Lie
(Bloomberg Opinion) -- Traders who make a living betting on mergers still won’t touch T-Mobile US Inc. and Sprint Corp.’s deal with a 10-foot pole. The wireless carriers may have been able to butter up two federal regulatory authorities by using the wonders of a 5G-powered America to distract from their deal’s likely competitive harm. Even so, merger-arbitrage traders live in a world of mathematical probabilities informed by laws and legal precedents, and on that basis, it’s hard to imagine that the judge presiding over a case brought by a group of state attorneys general opposing the deal will rule in the companies’ favor. Lawyers for both sides each delivered closing arguments Wednesday, with a decision from U.S. District Judge Victor Marrero expected to come some time in February. Analysts largely view the odds as a toss-up, if not slightly tipped in T-Mobile and Sprint’s favor. But the equity market paints a meaningfully different picture: The per-share value of T-Mobile's offer is 67% higher than where Sprint's shares are trading, by far the biggest spread of any pending U.S. deal. The wide gap implies that traders see an extremely low likelihood that the transaction gets done, and Sprint options activity is sending the same signal.Of course, this also means that if the companies do win in court, some traders popping antacids right now stand to make a substantial return. But for the most part, arbitrageurs have chosen to stay away. “This is one of those seminal situations in merger arb history,” said Roy Behren, a portfolio manager for the Merger Fund at Westchester Capital Management, which oversees $4 billion of assets. He found T-Mobile and Sprint’s arguments persuasive — that together the companies will be able to build out a nationwide 5G service faster, and that Sprint doesn't have the capital or scale it needs to compete. But the potential downside is painfully large, and so it’s simply too hard to make a bet on what will happen. “We like the case, but that doesn’t mean we want to risk shareholders’ money on something where we don’t have a huge conviction,” Behren said in a phone interview. The case may come down to Dish Network Corp. and its assigned role in ensuring the U.S. wireless market remains competitive. Makan Delrahim, the head antitrust enforcer at the Department of Justice, is placing incredible faith in Dish that it can fill the hole Sprint leaves behind and become a formidable new competitor to T-Mobile, AT&T Inc. and Verizon Communications Inc., even though it will most likely take years for Dish to live up to those expectations.T-Mobile has relied heavily on the argument that its brand as the customer-first “Un-carrier” means it can be trusted not to raise prices in the meantime, Blair Levin, an analyst for New Street Research, wrote in a report this week. The idea is that with Sprint, it will be able to spread out its network costs across a larger subscriber base and thus keep plan rates low. But as the state attorneys general have noted, AT&T and Verizon have greater scale and higher prices. Judges look at facts and precedent. Just as there was a compelling case to make against AT&T acquiring Time Warner last year in what amounted to a massive vertical consolidation of market power, it was hard to articulate this with facts and not just speculation about what might happen, because of the lack of precedent. The judge in that matter said early on, “I guess I have to get a crystal ball,” which judges do not like to do, and sure enough, he opted to stick with the facts as they were. The Justice Department and Federal Communications Commission have already given their blessing, which carries weight and could mean Judge Marrero will, too. But then if they could look in a crystal ball and see the consequence of doing so, they may not like what they see. Even the stock market knows that the deal shouldn’t go through.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.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.
- Zacks
The Race To 5G: $1 Billion Subsidy Could Propel 5G Stocks
The race to integrated 5G networks and devices that leverage this technology is underway, and China has the lead???. for now
- GlobeNewswire
Global 5G leaders create 5G Future Forum
The 5G Future Forum will collaborate to develop interoperable 5G specifications across key geographic regions, including the Americas, Asia-Pacific and Europe. The Forum’s founding members are América Móvil, KT, Rogers, Telstra, Verizon and Vodafone.
- Zacks
Verizon Launches Search Engine OneSearch With Better Privacy
The search engine is likely to offer Verizon (VZ) an edge over its rivals with greater trust and transparency for unhindered web surfing while safeguarding privacy.
- GlobeNewswire
Verizon Media launches privacy-focused search engine, OneSearch
Verizon Media today announced the launch of OneSearch, a new consumer search experience with enhanced privacy features. Businesses with an interest in security can partner with Verizon Media to integrate OneSearch into their privacy and security products, giving their customers another measure of control.
- Zacks
Verizon to Deploy 5G Transportation Solutions in Lake Nona
Verizon (VZ) collaborates with Lake Nona administration to deploy 5G solutions for the region's first autonomous vehicle, Beep, with improved performance, reliability and security.
- Zacks
Verizon Communications (VZ) Gains But Lags Market: What You Should Know
In the latest trading session, Verizon Communications (VZ) closed at $59.15, marking a +0.27% move from the previous day.
- Zacks
Nokia Rides on Commercial 5G Deals, Momentum to Continue
The first 63 5G customers symbolize about two-third of Nokia's (NOK) global Radio Access Networks business in a given year.
- Zacks
CenturyLink Agrees to Pay $9M as Penalty for Bogus Billings
While CenturyLink (CTL) opposes the Minnesota's claims, it has agreed to the settlement in order to avoid distraction and costs of litigation.
- Zacks
Verizon Enhances TV Services With Personalized Pricing Model
Verizon (VZ) introduces an avant-garde hassle-free pricing model, Mix & Match, allowing users to combine TV with Internet plans minus any hidden charges and annual contracts.
- Zacks
AT&T (T) Gears Up for HBO Max Launch With Preview Channel
The transition is likely to take place in Spring 2020 ahead of HBO Max's official debut in May, supplementing AT&T's (T) broader original content and marketing focus on the streaming service.
- GlobeNewswire
Redemption of 4.95% notes due 2047 and termination of listing on the Taipei Exchange
Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that it will redeem all of the outstanding 4.95% notes due February 11, 2047 (the “Notes”) in accordance with the terms and conditions of the Notes and the related indenture and delist the Notes from the Taipei Exchange on February 11, 2020 (the “Redemption Date”) and that it has caused notice of redemption to be given to each holder of the Notes in accordance with the terms and conditions of the Notes and the related indenture. 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 communications, information and entertainment products and services.
- GlobeNewswire
Verizon Media announces Rathi Murthy as Chief Technology Officer
Verizon Media today announced the appointment of Rathi Murthy as the company’s Chief Technology Officer. Based in Sunnyvale, CA, Rathi will oversee Verizon Media’s global technology strategy, leading the company’s continued innovations in 5G, advertising and content, commerce and subscriptions. “Rathi is a stellar technology leader who, for over 20 years, has driven growth for some of the world’s biggest companies, including Gap, American Express and eBay,” said Guru Gowrappan, CEO, Verizon Media.
- Bloomberg
Verizon, Breaker of the Cable Bundle? Not Really
(Bloomberg Opinion) -- The good news is, some day soon “triple play” will mean something only to baseball fans. These days, though, cable-TV customers probably still know it better as the industry’s torture device.Triple-play bundles refer to long-term contracts with a company such as Comcast Corp. or Charter Communications Inc. that provide internet, television and landline-phone service for one “discounted” rate. These packages force you to have an old-school home-phone number, seemingly just for telemarketers to utilize, and dozens of TV channels you’ll never watch but will nevertheless subsidize. Meanwhile, all you really want is a fast internet connection to binge on Netflix and gain access to a handful of your favorite network shows. But rejoice — there’s a movement afoot that may send triple-play bundles the way of the rotary telephone. Verizon Communications Inc. announced on Thursday that its Fios division is ending these aggressive you’ll-take-it-all-and-you’ll-like-it bundles, allowing subscribers to better customize their plans with what it’s calling Fios Mix & Match. Users can choose among three different internet-speed options that range from $40 to $80 a month and several TV packages that run anywhere from $50 to $90 a month. No annual contracts, it says, and no surprise fees — well, sort of! After all, this wouldn’t be the cable and phone industry if there weren’t some doozies contained in the fine print: Some of the options do have an additional fee for a set-top box or router. A home phone line is a separate $20, to which you can kindly say, “no thank you.”Verizon won’t be the last to give in and smash the bundle, at least for now. They’ve been in decline as an increasing number of customers switch to broadband-only service. There may be more than 50 million broadband-only U.S. homes by 2023, which would make up about half of all pay-TV households, according to research by Geetha Ranganathan and Amine Bensaid, analysts for Bloomberg Intelligence. To stem the drop in revenue, the cable giants have been pushing video add-ons, the analysts said. Charter, which acquired Time Warner Cable in 2016 to strengthen its business against cord-cutting, began offering a $15-a-month skinny video bundle called TV Essentials last year. Here’s how the trend has played out at Charter:Lest you, dear cable customer, believe that this is a sign the industry is finally listening, remember that we’re still nowhere near a true a la carte service. Verizon’s new Your Fios TV package for $50 a month allows subscribers to pick five channels, while Verizon arranges the other 120 channels. How many customers wish they could just take the five and call it a day? Moreover, streaming-video apps won’t necessarily lead to lower monthly bills either: Verizon’s mid-rate internet option (with router), plus Disney+, Netflix and HBO Max would cost a combined $110 a month (although Verizon is currently offering internet users a year of Disney+ free, and Verizon wireless customers can get other savings). My point is, the ideal video-app configuration may not be any cheaper than going for a triple play.That’s why bundles will live on, even if the traditional triple play won’t. If anything, bundles will likely be back en vogue later this year. In November, I called for The Great Rebundling, predicting that the cable giants — which have been benefiting from a surge in broadband signups — will next look to leverage their content distribution relationships by offering bundles for streaming apps and internet service at one rate. Apple Inc. and Amazon.com Inc. may seize similar content-bundling opportunities, which would at least help solve the consumer frustration of paying for apps individually in various places.This is why, even as millions of customers have permanently abandoned cable-TV, sending media networks into a tizzy, the cable companies haven’t even broken a sweat. Shares of Comcast rose 32% in 2019, and analysts see them climbing 13% in 2020. Charter’s gain last year of 70% made it the leading media stock in the S&P 500 Index. Triple play will be reincarnated with a new cute name, and prices will eventually go up, and everyone will complain, and the cable industry will be as good as new.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.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.
- Zacks
AT&T CFO Addresses Stockholders, Expects Growth to Continue
For 2020, AT&T's (T) management expects adjusted earnings per share between $3.60 and $3.70, on revenue growth of 1-2% including wireless equipment revenue gains from 5G device adoption.
- Zacks
Sprint Collaborates With Telstra for Advanced IoT Solutions
Sprint (S) teams up with Telstra to deploy virtualized IoT platform, Curiosity, in a bid to fortify connectivity management with enhanced resiliency, performance and security across Australia.
- GlobeNewswire
Verizon disrupts the cable industry
With Mix & Match on Fios, customers get more choices and only pay for what they want when it comes to Internet and TV - no surprises What you need to know: Verizon is.
- Zacks
CommScope's ARRIS Brings New SURFboard mAX System for Homes
CommScope (COMM) owned ARRIS' SURFboard mAX system features an advanced tri-band Wi-Fi 6 mesh design with two routers, each delivering 6.6 Gbps speed.
- Yahoo Finance
Apple could be close to a $2 trillion company in 2020: top strategist
Apple's stock still looks ripe for a lot more upside. This Apple insider explains why.
