Globe Newswire (Fri, 3-May 12:39 PM ET)
Benzinga (Fri, 3-May 8:19 AM ET)
Verizon Is Ready To Keep You Connected Throughout The 2024 Hurricane Season
Globe Newswire (Thu, 2-May 8:00 AM ET)
2024 Data Breach Investigations Report: Vulnerability exploitation boom threatens cybersecurity
Globe Newswire (Wed, 1-May 12:33 AM ET)
2024 Data Breach Investigations Report: Half of the Breaches in EMEA are Internal
Globe Newswire (Wed, 1-May 12:01 AM ET)
Verizon donates $20,000 to the American Red Cross for disaster relief efforts in Oklahoma
Globe Newswire (Tue, 30-Apr 6:09 PM ET)
Verizon Business kicks off 2024 Innovation Sessions in Chicago's historic Soldier Field
Globe Newswire (Tue, 30-Apr 12:30 PM ET)
Verizon partners with Latina-owned small business Hija de tu Madre for exclusive Mother's Day merch
Globe Newswire (Tue, 30-Apr 12:00 PM ET)
Houston Dynamo Football Club and Verizon extend partnership agreement for 2024 season
Globe Newswire (Tue, 30-Apr 10:00 AM ET)
Verizon (VZ) Gets a Buy from Oppenheimer
TipRanks (Tue, 30-Apr 7:36 AM ET)
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 21 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 29 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
Verizon Communications trades on the NYSE stock market under the symbol VZ.
As of May 3, 2024, VZ stock price declined to $38.89 with 12,465,141 million shares trading.
VZ has a beta of 0.29, meaning it tends to be less sensitive to market movements. VZ has a correlation of 0.02 to the broad based SPY ETF.
VZ has a market cap of $163.73 billion. This is considered a Large Cap stock.
Last quarter Verizon Communications reported $33 billion in Revenue and $1.15 earnings per share. This fell short of revenue expectation by $-259 million and exceeded earnings estimates by $.03.
In the last 3 years, VZ stock traded as high as $59.85 and as low as $30.14.
The top ETF exchange traded funds that VZ belongs to (by Net Assets): VTI, VOO, SCHD, SPY, IVV.
VZ has underperformed the market in the last year with a price return of +10.3% while the SPY ETF gained +26.1%. VZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.1% and -3.1%, respectively, while the SPY returned +3.7% and +2.4%, respectively.
VZ support price is $38.51 and resistance is $39.35 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VZ stock will trade within this expected range on the day.