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Pretty safe buy. Have to load up on those dividends for retirement.
Good dividends sure helps the old portfolio
Pretty good growth recently. Maybe it's time for entry?
hope so, i own a boatload of this boring stock - nice divy but pps wise it has been quite boring
been a huge mover these past few weeks loving it...up 15% already over that time... should be 50+ again relatively shortly
Complete assumption see pm
They live well? How do you know that?
That outsourced labor is so cheap though! Pay them 10$ a day to answer phone calls and they live well
Hahaha true story
He also publicly denied that he was outsourcing jobs and then had to backtrack on what he said. I wouldn't go by Lowell. Not that I am saying I think any of these rumors are true.
I saw the CEO publicly deny this one
I've got all three. F is so cheap (I think I said that when it was two bucks more lol). Just hope they keep that divy.
Then there was this one - VZ to buy Disney - lol
http://nypost.com/2017/07/01/verizon-rumored-to-be-eyeing-purchase-of-disney/
Agreed I chose VZ because it was near the 52wk low and was hoping for decent earnings...will hold long term here because of div tho
two other co's with over 5% divy yields other than VZ are F and T - same situation where pps doesn't move much but the divy is big
I hadn't thanks for sharing...could get interesting...I do think that VZ would be better off on its own though honestly
Did you read about the Comcast/VZ merger as suggested by Citi?
http://www.cnbc.com/2017/07/26/comcast-should-buy-verizon-for-215-billion-citi-analyst-says.html
Added huge in 401k at 43.25...even without price appreciation that 5.25 div yield is huge...VZ isn't going anywhere will go back into the 50s in next few months imo
Verizon earnings met analyst expectations and beat revenue projections for its second quarter, helping the company's stock rebound from a disappointing year. Earnings per share were up slightly at 96 cents compared with 94 cents in the year-ago quarter. Revenue rose modestly to $30.55 billion from $30.53 billion. Shares of the company were up nearly 6 percent Thursday, cutting it's year-to-date drop to a decline of 12 percent. The company's stock hit a 52-week intraday low of $42.80 earlier this month. Verizon's second-quarter earnings represented the first full quarter that it offered unlimited data plans. It started selling such plans in February, during the first quarter...https://finance.yahoo.com/m/da28698b-8ccf-3f49-beb3-d996b619380c/ss_verizon-matches-earnings%2C.html
Wow just one day notice huh
NEW YORK, July 26, 2017 /PR Newswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report second-quarter 2017 earnings on Thursday, July 27. Matt Ellis, executive vice president and CFO, will present results on a webcast beginning at 8:30 a.m. Eastern time. Access instructions and presentation materials, including Verizon's earnings news release, will be available by 6:30 a.m. on Verizon's Investor Relations Web site, www.verizon.com/about/investors/. VERIZON'S ONLINE NEWS CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/. Media contact: Bob Varettoni 908.559.6388 robert.a.varettoni@verizon.com View original content with multimedia:http://www.prnewswire.com/news-releases/verizon-communications-to-report-earnings-july-27-300494027.html SOURCE Verizon (END) Dow Jones Newswires July 26, 2017 06:30 ET (10:30 GMT)
Time to sell, past time of ownership for the dividend. Too much competition from other telecoms companies.
Verizon rumored to be eyeing purchase of Disney
By Claire Atkinson
July 1, 2017
Verizon Communications’ Lowell McAdam could be hiking the Sawtooth Mountains in Sun Valley next week, perhaps in search of his next deal now that the phone company closed its acquisition of Yahoo.
http://nypost.com/2017/07/01/verizon-rumored-to-be-eyeing-purchase-of-disney/
One rumor making the rounds last week was that Verizon may be eyeing a Disney purchase. While that sounds fantastical, a well-placed banker told On the Money not to count Verizon out.
“It feels like Verizon is playing checkers while AT&T is playing chess,” said one media observer, reflecting the view that Verizon needs more content assets to shore up its mobile ad ambitions.
Meanwhile, AT&T CEO Randall Stephenson, who is bagging Time Warner, is also slated to attend Allen & Co.’s annual Sun Valley mogulfest, along with Time Warner’s CEO Jeff Bewkes and his three divisional chiefs: John Martin, Richard Plepler and Kevin Tsujihara.
The three amigos will be part of AT&T’s Dallas-headquartered telecom universe come fall. We’d love to hear if the gang goes whitewater rafting together in Sun Valley and what news they’ll discuss.
The high-octane deal-making powwow will be absent Disney CEO Bob Iger, Twitter boss Jack Dorsey and former Uber chief Travis Kalanick.
They’re not on the attendee list, though they could always just show up. In the case of Kalanick, however, we hear the Allen & Co. hosts are very buttoned up and do not tolerate bad-boy behavior from those on the invite list — hence his absence.
There’s a sprinkling of businesswomen on the attendee list this year: Sara Blakely of Spanx, GM’s Mary Barra and IBM’s Virginia Rometty.
Could Barra be in the driver’s seat and headed to replace Kalanick at Uber? On the Money hears she is certainly a candidate. Tipsters also shared that ViaSat, a global broadband company that among other things is used to “empower international war fighters on the front lines of battle,” will be part of the new tech breed lined up to present.
Yahoo investors vote on sale to Verizon
https://seekingalpha.com/news/3272277-yahoo-investors-vote-sale-verizon
I'm holding forever. They were the last to jump on board with unlimited data and had a bad quarter.
Excellent article. Grandfathered in. VZ finally gets it.
I think this makes it really clear VZ got what they asked for!
http://fromwhereistand.info/2017/04/verizon-gets-a-lesson-in-remedial-business-management-101/
might want to hold off on that purchase..gunna need it to pay the GREEDY Corp..they now have to slash their prices...AHAHA I love it..I thinks this is so hilarious the big guy has to kiss asses to STAY ALIVE..ahahahah..WAIT lets buy billion dollar deal too.WEEEEEEEEE~
Verizon Communications Inc. (VZ) shares fell more than 2% in premarket trading after the telecom company reported first-quarter earnings on Thursday that missed Wall Street expectations. Verizon's net income for the first quarter was $3.6 billion, or 84 cents per share, compared with $4.4 billion, or $1.06 per share during the same quarter a year ago. Adjusted per share earnings were 95 cents, just below FactSet's 96 cents consensus. Revenue hit $29.8 billion during the quarter, compared with $32.2 billion in the year earlier period. FactSet's revenue consensus was $30.4 billion. Verizon said it saw a decline of 307,000 wireless phone customers along with 13,000 Fios video subscribers. The company added 35,000 Fios internet users. Shares of Verizon have declined more than 8% in the year to date, while the S&P 500 index is up more than 4% in the year. -Trey Williams; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires 04-20-17 0748ET Copyright (c) 2017 Dow Jones & Company, Inc.
Verizon agrees to $1.05 billion three-year minimum purchase agreement with Corning for next-generation optical solutions
[PR Newswire]
PR NewswireApril 18, 2017
NEW YORK, April 18, 2017 /PRNewswire/ -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced a three-year minimum purchase agreement with Corning Incorporated (GLW) to provide fiber optic cable and associated hardware for Verizon to ensure critical coverage and capacity for its nationwide wireless broadband network.
The agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers (12.4 million miles) of optical fiber each year from 2018 through 2020, with a minimum purchase commitment of $1.05 billion.
Verizon has been reinventing its network architecture around a next-generation fiber platform that will support all of the company's businesses. This new architecture is designed to improve Verizon's 4G LTE coverage, speed the deployment of 5G, and deliver high-speed broadband to homes and businesses of all sizes.
Roger Gurnani, Verizon's chief information and technology architect, commented, "Corning's unique combination of capabilities delivers solutions that provide us with performance and cost advantages as we continue to expand our network coverage and capacity."
In an initial deployment, Verizon launched One Fiber in Boston in 2016 and plans to invest $300 million over six years to deploy it throughout the city.
Viju Menon, Verizon's chief supply chain officer, said: "Our plans identified a shortfall in fiber supply, and Verizon has been working with business teams to forecast demand and fill supply gaps with existing suppliers. Securing the required volume of optical fiber and hardware solutions with Corning will ensure we meet our planned rollout schedules."
Clark Kinlin, executive vice president, Corning Incorporated, said: "We are pleased that Verizon recognizes the value of Corning's innovative solutions in deploying next-generation converged optical infrastructure, such as One Fiber, more quickly and cost effectively. Verizon's purchase commitment supports necessary capacity investments across our manufacturing footprint."
Over the past several months, Corning has announced plans to expand capacity and to invest more than $250 million in its optical fiber, cable and solutions manufacturing facilities to help meet the demand of its global carrier and enterprise customers. Corning expects these capacity expansions to begin to come online in 2017 and become fully operational in 2018.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 160,900 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 114.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.
VERIZON'S ONLINE NEWS CENTER: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Media contacts:
Bob Varettoni, Verizon
908-559-6388
robert.a.varettoni@verizon.com
M. Elizabeth Dann, Corning
607-974-4989
dannme@corning.com
Telecom Stocks Retreat, But Know These Trade Levels
Two of the leading telecom stocks in the U.S. are Verizon Communications (NYSE:VZ) and AT&T Inc (NYSE:T). Recently, these two companies have been on the prowl for acquisitions. Verizon has bought AOL and Yahoo Inc (NASDAQ:YHOO) over the past year trying to boost its online presence. AT&T Inc has bought Direct TV and Straight Path Communication. Many analysts are expecting these two telecom giants to try and make other acquisitions in the near term future. This expectation should continue to keep the pressure on these two leading telecom stocks.
Traders and investors should take note that Verizon Communication stock will have very good chart support around the $46.25 level. This area that has been defended by the institutional money in January and November of 2016. This area seems to be the line in the sand for the stock and should be the next major level to buy the stock again.
The next major support level for AT&T stock will be around the $38.40 level. This is an area where the stock broke out in November 2016 and should serve as an important trade level again when tested.
Nicholas Santiago
InTheMoneyStocks
James Dolan considering sale of TV network with rights to Knicks, Rangers
Apr 4, 2017, 12:07pm EDT
The regional sports network that owns the TV rights of the New York Knicks and New York Rangers is for sale.
Verizon (NYSE: VZ), Fox Sports Networks (NASDAQ: FOX) and AT&T (NYSE: T) are among the likely buyers, but it may not be an easy sell considering the value of a cable networks have gone down as viewers opt out of traditional cable packages. (See " Verizon opts to launch live online TV service").http://www.bizjournals.com/newyork/news/2017/04/04/jamesdolan-considering-sale-of-tv-network-with.html?ana=yahoo&yptr=yahoo
u naAaAilLed it!
whats the word on the Yahoo deal? i know that lying CEO is knee deep in peutrid turds for lying for so long, and that VZ is sticking around to renegotiate. I'm interested.
Cisco Systems, Inc. (NASDAQ:CSCO), Verizon Communications Inc. (NYSE:VZ) Collaborate On 5G Network https://marketexclusive.com/cisco-systems-inc-nasdaqcsco-verizon-communications-inc-nysevz-combine-efforts-bring-5g-network-people/76780/?icd1
I have never ever traded this stock and I trade every single day. I don't consider this a good trading stock. I do consider this stock a great stock to hold long term with the nice dividend it pays and that is exactly what I do. I keep it long term and reinvest the divys.
this is a good trading stock
Verizon Communications Inc. (VZ) and Yahoo! Inc. (YHOO) said on Tuesday they have reached a revised agreement that will see Verizon buy the internet company's business in a deal valued at approximately $4.48 billion, cutting the initial cost by $350 million. "We have always believed this acquisition makes strategic sense," said Marni Walden, Verizon's president of Product Innovation and New Businesses, in a statement. "We look forward to moving ahead expeditiously so that we can quickly welcome Yahoo's tremendous talent and assets into our expanding portfolio in the digital advertising space." The revised deal comes after months of speculation as whether talks would break down amidst revelations of two data breaches at Yahoo. Under the amended terms of the deal, the data breaches, or losses from them will not be taken into account in determining whether a "business material adverse effect" has occurred or whether certain closing conditions have been satisfied, according to a news release. Walden said the two companies expect the deal to close in the second quarter. Verizon shares have declined 3% in the trailing 12-month period, while Yahoo shares have gained 50% and the S&P 500 Index is up more than 22%. -Trey Williams; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires 02-21-17 0821ET Copyright (c) 2017 Dow Jones & Company, Inc.
I guess the ATT news about going unlimited caused the bump? Doesn't seem like that big of a deal.
Perfect timing!
i got in at 48 even yesterday. Good hold for dividend, but i think this will head back up to mid 50s in short order. one of the few values out there right now in an inflated market.
VZ is a screaming buy at $47-48. The divvy alone is nearly 5%. If it drops more, add more for the dividend. If it starts to climb, then it is win-win.
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