VZ Stock Recent News

United States Cellular said on Friday it has agreed to sell some of its spectrum licenses to Verizon in a $1 billion deal.

Verizon is scheduled to report its FY Q3 earnings report on October 22, 2024. In terms of business operations, I will pay close attention to updates on its wireless equipment revenue and upgrade volumes. Another key issue I will tune into is debt management and capital allocation.

Company to discuss third-quarter 2024 earnings and share broadband strategy update during live sell side analyst event Company to discuss third-quarter 2024 earnings and share broadband strategy update during live sell side analyst event

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Verizon (VZ), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Verizon Business returns to the HLTH Event (booth #3028) in Las Vegas to showcase its latest advancements in 5G healthcare solutions. From enhanced connectivity and security to partnership showcases, Verizon Business is at the forefront of empowering healthcare providers with the technology they need to transform patient care.

Verizon stock's attractive valuation and solid profitability have likely driven its recent outperformance. The Frontier acquisition is expected to enhance Verizon's wireless and broadband market position. Income investors should find VZ's forward dividend yield of more than 6% attractive, as the Fed could cut more through 2025.

In the latest trading session, Verizon Communications (VZ) closed at $43.74, marking a +1.27% move from the previous day.

Verizon (VZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The company has flaws, but the stock could appeal to certain investors as interest rates decline.

Verizon's strategic acquisition of Frontier Communications for $20 billion aims to expand its fiber broadband footprint, potentially enhancing its competitive edge in rural markets. The Q2 2024 results highlighted a 0.6% revenue increase to $32.8 billion, driven by a 3.5% rise in wireless service revenue, despite a 13% drop in wireless equipment sales. Despite the recent decline in adjusted EPS, Verizon's strong cash flow and improved balance sheet, with net unsecured debt reduced to $122.8 billion, support its growth strategy.