Verizon Communications(VZ)- NYSE
  • 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
  • Jul. 22, 2011, 7:45 AM

    More on Verizon's (VZ) Q2 results: Wireless service revenue +6.6% Y/Y. Wireline service revenue +17.8% Y/Y. Retail postpaid churn lowest in three years. "We expect Verizon Wireless to gain share in the retail postpaid market and widen its network-quality lead throughout 2011. Shares +1% premarket. (PR)

    | Jul. 22, 2011, 7:45 AM
  • Jul. 22, 2011, 7:26 AM
    Verizon (VZ): Q2 EPS of $0.57 beats by $0.02. Revenue of $27.5B (+2.8% Y/Y). (PR)
    | Jul. 22, 2011, 7:26 AM
  • Jul. 22, 2011, 12:05 AM

    Notable earnings before Friday's open: APD, CAT, COL, CPX, DOV, FLIR, GE, HON, MCD, RAI, SLB, STI, USG, VOLVY.PK, VZ, XRX

    | Jul. 22, 2011, 12:05 AM
  • Jul. 20, 2011, 12:19 PM

    Pandora's (P +1%) internet music streaming service launches for TV customers of Verizon's (VZ +0.8%) in four states beginning today, and will be available in more markets shortly. Pandora sees its quiet period end on July 25.

    | Jul. 20, 2011, 12:19 PM
  • Jul. 20, 2011, 11:52 AM

    Samsung (SSNLF.PK) says it will release its Galaxy S II Android phone, which has seen booming international sales, to U.S. carriers in August. It's been speculated the phone will be sold by AT&T (T), Verizon (VZ), and Sprint (S), much like its predecessor. The Galaxy S II's U.S. invasion could upend Motorola's (MMI) comeback plans.

    | Jul. 20, 2011, 11:52 AM
Company Description
Verizon Communications, Inc. is a holding company which engages in the provision of broadband and communication services. It operates through the Wireless and Wireline segments. The Wireless segment offers postpaid and prepaid telecommunications network and sells cellular phones and tablets. The... More
Sector: Technology
Industry: Telecom Services - Domestic
Country: United States