Verizon Communications (VZ) - NYSE
  • Aug. 2, 2011, 2:32 PM

    Strategy Analytics estimates 13% of U.S. households will subscribe to a "quad play" package of telecom services by 2016. That should benefit T and VZ, who are well-positioned to offer such packages in many areas, and be detrimental to CMCSA, TWC, and CVC, who have struggled to successfully bundle mobile services via partnerships.

    | Aug. 2, 2011, 2:32 PM
  • Aug. 2, 2011, 10:42 AM

    AT&T (T -1.2%) may have reason for concern about lousy earnings from MetroPCS (PCS -32.3%) and Sprint (S -4%), Dave Kansas muses, since its proposed deal with T-Mobile (DTEGY.PK) would look better to regulators if AT&T had more competition. Sprint and others opposed to the deal will have a stronger argument that AT&T/T-Mobile would be too powerful.

    | Aug. 2, 2011, 10:42 AM | 1 Comment
  • Aug. 2, 2011, 8:55 AM

    More on MetroPCS (PCS): Q2 earnings missed the mark as margins declined on higher costs and a sharp slowdown in subscriber growth. New customer growth was the lowest in nearly 2 years as the pre-paid wireless provider tries to remain relevant in a market dominated by Verizon Wireless (VZ, VOD)and AT&T (T). Shares -16.5% premarket.

    | Aug. 2, 2011, 8:55 AM
  • Aug. 1, 2011, 2:56 PM

    Apple (AAPL +1%) shares gain after Piper Jaffray says its survey points to a "significant pent-up demand" for the next iPhone, particularly at Verizon (VZ). A delay in the launch of iPhone5 to October would cut Q3 profit, but iPhone market share "could more than double throughout the next round of phone purchases." Also, Canaccord raises its price target to $515 from $510.

    | Aug. 1, 2011, 2:56 PM | 1 Comment
  • Aug. 1, 2011, 9:19 AM

    The mobile payments space continues to heat up: Verizon (VZ) is partnering with American Express (AXP) to enable quick payments, and white-hot startup Square now expects to process $8M/day in transactions by October. Google (GOOG) and eBay's (EBAY) PayPal unit both have lofty ambitions for the mobile payments market.

    | Aug. 1, 2011, 9:19 AM
  • Jul. 29, 2011, 4:20 PM

    While Vodafone (VOD +4.6%) is seen as the big winner in Verizon Wireless' decision to pay a $10B dividend, Verizon (VZ -1%) proper will benefit as well. With Verizon's wireline division generating little cash as its local phone business steadily declines, it needs its share of the payoff to keep paying its quarterly dividend to shareholders.

    | Jul. 29, 2011, 4:20 PM | 1 Comment
  • Jul. 28, 2011, 5:48 PM

    Verizon Wireless (VZ, VOD) declares a $10B special distribution. Verizon shareholders - a 55% owner in the joint partnership - will receive $5.5B to be paid on January 31, 2012. Vodafone will receive $4.5B, and has declared a £2B special dividend payable to its shareholders as well. VZ +0.8%, VOD +5% AH.

    | Jul. 28, 2011, 5:48 PM | 11 Comments
  • Jul. 28, 2011, 2:35 PM

    The Communications Workers of America, the largest union representing Verizon (VZ) workers, has voted to authorize a strike following the end of their current contract on 8/6 - though history suggests a deal could happen beforehand. Verizon is seeking major concessions regarding health care expenses, pay raises, and its ability to fire workers.

    | Jul. 28, 2011, 2:35 PM
  • Jul. 28, 2011, 12:53 PM

    Time Warner Cable (TWC) drops 4.2% after releasing Q2 results. The market isn't pleased with the loss of 130k residential video subscribers, below analyst estimates, as competition from AT&T (T) and Verizon (VZ) takes its toll. Comcast (CMCSA -1.2%), Cablevision (CVC -0.8%), and Charter (CHTR -1.9%) are moving lower in sympathy. (PR) (transcript)

    | Jul. 28, 2011, 12:53 PM
  • Jul. 27, 2011, 3:51 PM
    While networking equipment vendor Motorola Solutions (MSI) is up 15% since the old Motorola split up, Motorola Mobility's (MMI) shares are down 25%, with its smartphone share plunging and its Xoom tablet struggling against Apple's (AAPL) iPad. Motorola hopes the 4G Droid Bionic, due at Verizon (VZ) later this summer, will give it a lift.
    | Jul. 27, 2011, 3:51 PM
  • Jul. 26, 2011, 9:23 AM

    Ahead of Juniper's (JNPR) Q2 results today, there are concerns about whether the company can benefit further from Cisco's (CSCO) struggles. Investors are also concerned about customers waiting for upgrades to the company's innovative QFabric switching platform, and mixed capex messages from AT&T (T) and Verizon (VZ).

    | Jul. 26, 2011, 9:23 AM
  • Jul. 26, 2011, 9:10 AM

    Research in Motion (RIMM) is set to release its BlackBerry Bold 9900/9930 and Torch 2 models today, with Verizon (VZ) outing the former through a promotional video. Both devices will contain version 7 of its BlackBerry OS, which RIM is hoping will boost its crumbling market share and rekindle diminishing consumer interest.

    | Jul. 26, 2011, 9:10 AM
  • Jul. 26, 2011, 8:38 AM

    More on Radioshack (RSH): despite missing Q2 estimates on a 53% drop in sales, RadioShack (RSH) is trading higher in the premarket session after the company announces it will begin offering Verizon (VZ) products in September. Shares +17% premarket.

    | Jul. 26, 2011, 8:38 AM
  • Jul. 22, 2011, 4:41 PM

    Bernstein's Craig Moffett sees cable providers such as Comcast (CMCSA), Time Warner Cable (TWC), and Cablevision (CVC) having a rough Q2, expecting them to collectively lose 322K subscribers. However, Moffett doesn't see "cord cutting" as a big culprit, given the cable losses are offset by 386K net additions for AT&T (T) and Verizon's (VZ) fiber-based services.

    | Jul. 22, 2011, 4:41 PM
  • Jul. 22, 2011, 3:35 PM
    A review of Verizon (VZ) and AT&T's (T) Q2 results shows the former outpacing the latter: While Verizon added 2.2M total subscribers and 1.3M retail post-paid subs, AT&T added 1.1M and 331K, respectively. AT&T did beat Verizon in iPhone activations, though this was likely impacted by AT&T having a larger iPhone user base to draw upgrades from.
    | Jul. 22, 2011, 3:35 PM | 1 Comment
  • Jul. 22, 2011, 8:04 AM

    Along with its Q2 results, Verizon (VZ) announces its board has promoted COO Lowell McAdam to President and CEO, as part of a succession plan established last year. Ivan Seidenberg, who has had the job in some form since 2000, will be stepping down at the end of the month.

    | Jul. 22, 2011, 8:04 AM
Company Description
Verizon Communications Inc. operates as a holding company, which provides broadband, wireless and wireline communications services to consumer, business, government and wholesale customers. It operates through Wireless and Wireline segments. The Wireless segment provides communications products... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States