Shares of Verizon Communications Inc. VZ, +4.12% were rallying toward their best single-day performance this year Friday, bucking what’s been a tough recent stretch for the telecommunications giant. Verizon’s stock was up 4.0% in afternoon trading Friday and on track for its largest single-day percentage gain since Dec. 16, 2021 when it rose 4.4%, according … Read more
By BRUCE KAMICH Oct 22, 2022 | 07:00 AM EDT Stocks quotes in this article: VZ When we reviewed shares of Verizon Communications ( VZ) back on August 31 when we wrote, “Avoid the long side of VZ as the short and long-term charts are bearish.” On Friday shares of VZ sank to a new … Read more
Shares of Verizon are not seeing the reaction to its earnings report that AT&T (T) did when the latter rallied more than 10% at one point on Thursday. Verizon (VZ) shares instead are moving lower on Friday, falling about 5% after its disappointing quarter. Earnings fell 7% year over year to $1.32 a share, missing expectations … Read more
(Bloomberg) — Verizon Communications Inc. missed subscriber estimates for the second straight quarter as the largest US wireless carrier struggles to keep pace with rivals that have made gains by offering deep discounts and improved mobile service. Most Read from Bloomberg The company added only 8,000 monthly wireless phone subscribers in the third quarter, according … Read more
Verizon Communications delivered third-quarter results that largely beat expectations and maintained its financial forecast. That doesn’t seem to be enough for that market. Stripping out one-time items, Verizon reported earnings of $1.32 per share, topping analyst expectations of $1.29 per share but down from $1.41 a year ago. Revenue of $34.2 billion was higher than the … Read more
Bruce Bennett/Getty Images News Verizon (NYSE:VZ) reports its third-quarter results Friday before the market open – and with AT&T (T) riding high Thursday, the big red carrier has a tough act to follow. It’s particularly vulnerable considering the ongoing strength of T-Mobile (TMUS), and the pressure to turn around three straight quarters of net declines … Read more
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures both new and old on the cable and wireless industries. Shares of wireless companies AT&T Inc. T, -1.22% and Verizon Communications Inc. VZ, -1.73% lost 26.8% and 25.2%, respectively, during the third quarter. Those were the largest quarterly … Read more
While VZ stock has consistently underperformed the S&P 500, the telecommunications giant often attracts income-oriented investors, thanks to its dividend. If 5G wireless services reignite earnings and revenue growth, however, Verizon stock might have much greater appeal. X Verizon Communications (VZ) now trades at a low valuation not seen since 2017, according to a Morgan … Read more
With the stock market in a deep funk (and getting funkier by the day) investors are looking for safe places to park their money, like stocks that pay healthy dividends. Which would be telecom stocks, right? Maybe not. The truth is that telecom stocks — there are really only three biggies these days; AT&T (T), … Read more
Illustration by Elias Stein Text size There’s a new top dog in U.S. telecom. This past Tuesday, T-Mobile US nosed ahead of Verizon Communications , and AT&T in market capitalization—an exclamation point for the once-upstart wireless company. As of that day’s close, T-Mobile’s stock market value stood at $178 billion, versus Verizon’s $173 billion and … Read more