| From: Ms. Baby Boomer | 11/4/2019 5:51:31 PM | | | | | | Oh my goodness, Nomura Instinet downgrades Verizon (NYSE: VZ) from BUY to NEUTRAL...
Never thought VZ would be the first of many Listed Corporations that would pop the Company Stock Buyback Bubble...
The Last Hurrah of the Bull Market....
M |
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| From: Ms. Baby Boomer | 11/8/2019 2:27:30 PM | | | | | | IT is next to impossible typing on ONXY's keyboard with long nails... ;)
Ya'll have a nice Veterans Day Holiday Weekend....
M |
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| From: Ms. Baby Boomer | 1/9/2020 10:11:54 AM | | | | | | Verizon Abandons Video Bundles in Bid to
Stem Cord Cutting...
Verizon Communications Inc. said its Fios video and internet service would abandon the cable-industry tradition of locking customers into long-term bundled packages, the latest effort to contend with the rise of cord cutting.
The new model, called Mix & Match, lets consumers choose among a variety of video-channel packages and internet-router speeds without signing an annual contract. Verizon also plans to roll various fees and surcharges into the base price of its packages, to clarify what subscribers are really paying.
“Customers are tired of having to buy a bundle with services they don’t want to get the best rates,” Frank Boulben, Verizon’s senior vice president of consumer marketing and products, said in a statement.
Cable providers are struggling to adapt to consumers’ increasing desire for so-called over-the-top streaming services such as Netflix Inc. instead of old-fashioned linear television. Verizon in October reported a third-quarter net gain of 30,000 Fios internet customers -- and a loss of 67,000 Fios video customers.
Verizon shares were up 0.2% in New York trading Thursday. The stock was up 9.2% last year, trailing behind the 29% rise of the S&P 500 index....
bloomberg.com
Cassandra |
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| From: Ms. Baby Boomer | 1/30/2020 12:42:48 PM | | | | | | Verizon shares down on profit miss
even as wireless customers added...
(Reuters) - Verizon Communications Inc ( VZ.N) shares fell about 1% on Thursday as quarterly profits missed estimates even though the company added more monthly mobile phone subscribers than expected as adding the Disney+ streaming service helped some of its plans.
The largest U.S. wireless carrier by subscribers has cut prices and made its offerings more attractive by bundling services such as Apple Music to battle intense competition in the industry.
The company said that in the fourth quarter, it added 790,000 phone customers who pay a monthly bill, well above the average analysts’ estimate of 525,000 subscribers, according to research firm FactSet.
Verizon’s reported post-paid phone churn of 1.13% for the fourth quarter, the seventh consecutive quarterly increase. Analysts at New Street Research said lowering churn would be more difficult with shift in the wireless market.
Total operating revenue rose to $34.78 billion from $34.28 billion, beating the estimate of $34.60 billion, according to IBES data from Refinitiv.
In October, Verizon said it would offer a year-long subscription to Walt Disney Co’s ( DIS.N) Disney+ with its unlimited plans, a move aimed at rival AT&T Inc ( T.N), which is expected to launch its own streaming platform HBO Max in May.
Revenue in Verizon’s media unit, which includes Yahoo, HuffPost and TechCrunch, was nearly flat at $2.1 billion from a year earlier. The company said it wrote down $236 million during the fourth quarter for the media business, which has struggled to grow as ad revenue moved to larger digital players like Alphabet’s Google ( GOOGL.O).
Net income rose to $5.22 billion, or $1.23 per share, in the fourth quarter ended Dec. 31 from $2.07 billion, or 47 cents per share, a year earlier. The company also recorded a $2.2 billion tax benefit related to the sale of preferred shares in a foreign affiliate.
The company built out its network of 5G in Kansas City, Little Rock and Cincinnati, rolling out the next generation of wireless in 34 cities in 2019. Verizon said it expects to spend $17 billion to $18 billion in expanding 5G, ramping up its 4G and building out more fiber.
Verizon said that building out its own multi-use fiber will help increase revenue for its business segment.
“I think this is one of the most critical assets in a network today — in today’s world, especially as we build a Verizon intelligent network,” Verizon CEO Hans Vestberg said during a conference call.
Verizon reported adjusted earnings per share of $1.13, missing Wall Street estimates of $1.14.
At 10:40 a.m. EST, Verizon shares were down 0.96% at $58.96....
reuters.com
Cassandra |
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| From: Ms. Baby Boomer | 2/13/2020 5:52:25 PM | | | | | | Verizon puts NASCAR on the fast track...
nascar.com
DAYTONA BEACH, Fla. (Feb. 13, 2020) – Ahead of the iconic DAYTONA 500, NASCAR and Verizon announced today a multi-year partnership to modernize 12 NASCAR-owned race tracks and bring race fans, drivers and teams improved connectivity to enhance the at-track experience. The partnership designates Verizon as the Official Wireless Telecommunications and 5G Mobility Partner of NASCAR, as well as the Official At-Track Wi-Fi Partner of 12 NASCAR-owned race tracks. As part of this agreement, Verizon will work with NASCAR to upgrade its in-venue wireless communications service, starting with delivering improved Wi-Fi service in 12 racetracks, over the next three years.
“There’s nothing like the thrill and excitement of attending a NASCAR race and now there are more ways than ever to capture and share that experience,” said Craig Neeb, executive vice president and chief innovation officer, NASCAR. “Partnering with Verizon will offer fans the benefits of reliable in-venue connectivity as we usher in a new era for our sport.”
“The thousands of fans attending NASCAR events across the country need reliable connectivity to share and send photos and videos of races in real-time, stay up-to-date on their favorite drivers, and connect with fellow fans inside and outside the track,” said George Fischer, Senior Vice President, 5G Ecosystems and Alliances for Verizon Business Group. “As the official wireless provider for NASCAR, we are looking forward to enhancing the fan experience today and working together to revolutionize the future of the racing experience for drivers and fans.”
The 2020 NASCAR Cup Series season kicks off with the 62nd annual DAYTONA 500 on Sunday, February 16 at 2:30 p.m. ET on FOX, MRN and SiriusXM...
So, still got the Corporate Box at Las Vegas????
Cassandra |
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| To: Ms. Baby Boomer who wrote (1810) | 6/11/2020 2:00:39 PM | | From: Eric L | | | | The 5G Network AT&T, formerly VeriZon ???
Cassandra: You've lost me. Obviously you are referring to Ivan Seidenberg who put Verizon Wireless together and today Verizon has launched its 5G Home network in mmWave spectrum but I don't get the 'AT&T, formerly VeriZon' connection while AT&T is chasing the enterprise right now and both will be attempting to fend off the 'New T-Mobile.' Perhaps you could explain?
Cheers, - Eric L. - |
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