Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T) shares are trading lower following reports indicating the companies agreed to delay the 5G rollout following FAA concerns about potential interference with airplane safety systems.
Full Answer
Should you buy vz stock?
Apr 22, 2022 · Verizon (NYSE: VZ) stock is slipping on Friday following the release of the wireless communication company’s earnings report for the first quarter of 2022. Source: Ken Wolter / Shutterstock.com
Should I buy Verizon Communications Inc. (vz)?
Apr 25, 2022 · Goldman analyst Brett Feldman cut his rating on Verizon from buy to neutral and slashed his share-price forecast from $61 to $55. The downgrade came after Verizon said on Friday it lost 36,000 ...
Why are Verizon stocks down?
Nov 04, 2021 · Verizon's stock was trading about 2.7% lower at $51.52 per share on Thursday at the time of publication. The stock has a 52-week high of $61.95 and a 52-week low of $50.86. AT&T Inc. provides ...
Why is Verizon not working?
May 03, 2022 · VZ | Complete Verizon Communications Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
See more
Get the latest Verizon Communications Inc. (VZ) stock news and headlines to help you in your trading and investing decisions.
Why is VZ dropping?
Will VZ stock go up?
The 22 analysts offering 12-month price forecasts for Verizon Communications Inc have a median target of 57.00, with a high estimate of 71.00 and a low estimate of 52.00. The median estimate represents a +18.28% increase from the last price of 48.19.
Is VZ a Buy Sell or Hold?
...
Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.08% |
| 2 | Buy | 18.56% |
| 3 | Hold | 10.15% |
| 4 | Sell | 5.79% |
Is Verizon a good stock to buy 2022?
Is Comcast a good stock to buy?
Is Verizon stock a good long-term investment?
What's the price target for Verizon?
| High | $72.00 |
|---|---|
| Median | $57.00 |
| Low | $52.00 |
| Average | $59.04 |
| Current Price | $48.40 |
Is Verizon a blue chip stock?
Does Verizon have a lot of debt?
How many times has Verizon stock split?
Is Walmart a good stock to buy?
How can I invest in Verizon stock?
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. ...
- Research the stock. ...
- Purchase now or later. ...
- Check in on your investment.
Net Income
On a GAAP basis, net income for the June quarter improved to $5,949 million or $1.40 per share from $4,839 million or $1.13 per share in the prior-year quarter buoyed by healthy top-line growth. Excluding non-recurring items, non-GAAP net income for the reported quarter was $1.37 per share, which surpassed the Zacks Consensus Estimate by 7 cents.
Revenues
Total quarterly operating revenues increased 10.9% year over year to $33,764 million with growth across all the business segments.
Segment Results
Consumer: Total revenues from this segment increased 11.2% year over year to $23,477 million owing to solid wireless equipment revenues due to high activation levels. Service revenues were up 5.1% to $16,709 million while wireless equipment revenues surged 47.7% to $4,739 million due to higher work-from-home-driven customer activities.
Other Details
Total operating expenses increased 10.9% year over year to $25,599 million due to high infrastructure investments, while operating income increased 10.9% year over year to $8,165 million owing to higher revenues. Adjusted EBITDA improved to $12,185 million from $11,542 million for respective margins of 36.1% and 37.9%.
Cash Flow & Liquidity
For the first six months of 2021, Verizon generated $20,438 million of net cash from operating activities compared with $23,552 million in the year-ago period. Free cash flow (non-GAAP) for the first half of 2021 was $11,722 million, down from $13,702 million in the prior-year period.
Guidance Up
With strong first-half performance and healthy growth momentum, Verizon revised its earlier guidance for 2021 to better reflect the improving business conditions. The company presently expects adjusted earnings in the range of $5.25 to $5.35 per share, up from earlier projections of $5.00 to $5.15.
Recently Viewed Tickers
Visit a quote page and your recently viewed tickers will be displayed here.
Verizon Communications Inc
Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments.
What is Huawei suing Verizon?
District courts in Texas, alleging the company used a dozen Huawei patents without authorization in areas such as computer networking, download security, and video communications, seeking an unspecified amount of compensation and royalty payments. Verizon last year called the lawsuits "nothing more than a PR stunt" and "a sneak attack on our company and the entire tech ecosystem" and filed counterclaims against Huawei, claiming the Chinese company violated Verizon patents.
When did the S&P 500 bottom out?
The past 16 months has been incredible for stock market investors. Since bottoming out on March 23, 2020, the S&P 500 Index, a great proxy for the U.S. stock market, has gained over 101% in total returns, more than doubling in value over that period.
Is Yahoo worth it in Japan?
But it still has value in Japan, where the once-illustrious marquee just sold for $1.6 billion.Z Holdings Inc., a unit of Masayoshi Son’s SoftBank Group Corp., agreed to buy the rights to the Yahoo name in Japan for 178.5 billion yen to replace an existing licensing agreement. The deal follows the sale of Verizon Communications Inc.’s media divisi
Net Income
Revenues
- Total quarterly operating revenues increased 10.9% year over year to $33,764 million with growth across all the business segments. Driven by strength across core business verticals and strong demand for seamless broadband connectivity, Verizon recorded healthy wireless service revenue growth and solid performance within the fiber optic service (Fios) unit. In addition, the company …
Segment Results
- Consumer: Total revenues from this segment increased 11.2% year over year to $23,477 million owing to solid wireless equipment revenues due to high activation levels. Service revenues were up 5.1% to $16,709 million while wireless equipment revenues surged 47.7% to $4,739 million due to higher work-from-home-driven customer activities. Other revenues totaled $2,029 million, up 1…
Other Details
- Total operating expenses increased 10.9% year over year to $25,599 million due to high infrastructure investments, while operating income increased 10.9% year over year to $8,165 million owing to higher revenues. Adjusted EBITDA improved to $12,185 million from $11,542 million for respective margins of 36.1% and 37.9%. During the quarter, Verizon aimed to harness …
Cash Flow & Liquidity
- For the first six months of 2021, Verizon generated $20,438 million of net cash from operating activities compared with $23,552 million in the year-ago period. Free cash flow (non-GAAP) for the first half of 2021 was $11,722 million, down from $13,702 million in the prior-year period. As of Jun 30, 2021, the company had $4,657 million in cash and c...
Guidance Up
- With strong first-half performance and healthy growth momentum, Verizon revised its earlier guidance for 2021 to better reflect the improving business conditions. The company presently expects adjusted earnings in the range of $5.25 to $5.35 per share, up from earlier projections of $5.00 to $5.15. Total wireless service revenues are likely to grow in the range of 3.5-4%, up from …
Net Income
Revenues
- Total quarterly operating revenues increased 4.3% year over year to $32,915 million and included two months of Verizon Media revenues as the sale closed on Sep 1. Driven by strength across core business verticals and strong demand for seamless broadband connectivity, Verizon recorded healthy wireless service revenue growth and solid performance within the fiber optic s…
Segment Results
- Consumer: Total revenues from this segment increased 7.3% year over year to $23,328 million owing to solid wireless equipment revenues due to high activation levels. Service revenues were up 3.9% to $16,891 million, while wireless equipment revenues surged 33.1% to $4,530 million due to higher work-from-home-driven customer activities. Other revenues totaled $1,907 million, dow…
Other Details
- Total operating expenses increased 0.6% year over year to $24,010 million due to high infrastructure investments, while operating income increased 16% year over year to $8,905 million owing to higher revenues. Adjusted EBITDA improved to $12,263 million from $11,870 million for respective margins of 37.3% and 37.6%. During the quarter, Verizon formed a new business unit …
Cash Flow & Liquidity
- For the first nine months of 2021, Verizon generated $31,162 million of net cash from operating activities compared with $32,472 million in the year-ago period. Free cash flow (non-GAAP) for the first nine months of 2021 was $17,301 million, down from $18,304 million in the prior-year period. As of Sep 30, 2021, the company had $9,936 million in cash and cash equivalents with $143,35…
Guidance Up
- With a solid quarterly performance and healthy growth momentum, Verizon revised its earlier guidance for 2021 to better reflect the improving business conditions. The company presently expects adjusted earnings in the range of $5.35 to $5.40 per share, up from earlier projections of $5.25 to $5.35. Total wireless service revenues are likely to grow...