Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.
| Website: | www.verizon.com |
| Email: | george.connor@verizon.com |
| Main Phone: | +1 212 395-1000 |
| Address: | 1095 Avenue of the Americas |
| State: | NY |
| City / Town: | New York |
| Country: | US |
| Postal Code: | 10036 |
| Exchange: | NYE |
| CEO: | Hans Erik Vestberg |
| Employees: | 135300 |
| NAICS: | Satellite Telecommunications(517410) |
Verizon acquiring Tracfone could help the company grow if it does it right. Verizon has made several bad acquisitions like AOL and Yahoo in recent years. Tracfone could help Verizon grow in the prepaid MVNO space.
Tracfone is the largest mobile reseller in the US and a mainstay of the low-income consumer business.
RootMetrics and Global Wireless Solutions or GWS have ranked AT&T Mobility, Verizon Wireless, Sprint and T-Mobile in their wireless studies.
It's a major win for the Korean firm in the next generation 5G network market.
Most of the 5G wireless industry continues to show strong growth, and I expect this to continue. Let's take a look at the growth wave and the growing sectors of the mobile industry.
Why did Qualcomm's patent deal with Huawei send its stock soaring? Qualcomm is on a roll with 5G wireless licensing, Wi-Fi 6, Quick Charge 5 and more.
Synchronoss Technologies is in the very fast growing and changing 5G wireless industry. Wireless carriers need an edge to win. Synchronoss provides wireless carriers a competitive advantage.
Comcast Xfinity Mobile is first cable TV company to offer 5G wireless. Charter Spectrum Mobile and Altice Mobile will be the other two, large pay TV companies to enter this space.
AT&T WarnerMedia and Comcast NBC Universal are taking the industry in new directions. They will continue to transform and to grow separating themselves from competitors of yesterday.
As AT&T, Verizon and T-Mobile get new CEOs, we can expect plenty of change in an industry that is transforming itself. Let's take a closer look at what we can expect going forward.
Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.
| Website: | www.verizon.com |
| Email: | george.connor@verizon.com |
| Main Phone: | +1 212 395-1000 |
| Address: | 1095 Avenue of the Americas |
| State: | NY |
| City / Town: | New York |
| Country: | US |
| Postal Code: | 10036 |
| Exchange: | NYE |
| CEO: | Hans Erik Vestberg |
| Employees: | 135300 |
| NAICS: | Satellite Telecommunications(517410) |
Verizon acquiring Tracfone could help the company grow if it does it right. Verizon has made several bad acquisitions like AOL and Yahoo in recent years. Tracfone could help Verizon grow in the prepaid MVNO space.
Tracfone is the largest mobile reseller in the US and a mainstay of the low-income consumer business.
RootMetrics and Global Wireless Solutions or GWS have ranked AT&T Mobility, Verizon Wireless, Sprint and T-Mobile in their wireless studies.
It's a major win for the Korean firm in the next generation 5G network market.
Most of the 5G wireless industry continues to show strong growth, and I expect this to continue. Let's take a look at the growth wave and the growing sectors of the mobile industry.
Why did Qualcomm's patent deal with Huawei send its stock soaring? Qualcomm is on a roll with 5G wireless licensing, Wi-Fi 6, Quick Charge 5 and more.
Synchronoss Technologies is in the very fast growing and changing 5G wireless industry. Wireless carriers need an edge to win. Synchronoss provides wireless carriers a competitive advantage.
Comcast Xfinity Mobile is first cable TV company to offer 5G wireless. Charter Spectrum Mobile and Altice Mobile will be the other two, large pay TV companies to enter this space.
AT&T WarnerMedia and Comcast NBC Universal are taking the industry in new directions. They will continue to transform and to grow separating themselves from competitors of yesterday.
As AT&T, Verizon and T-Mobile get new CEOs, we can expect plenty of change in an industry that is transforming itself. Let's take a closer look at what we can expect going forward.
| Last Price 60.35 | Change $ -0.24 | Change % -0.40 | Tick N/A |
| Bid 60.25 | Bid Size 100.00 | Ask 60.36 | Ask Size 600.00 |
| Open 60.18 | High 60.94 | Low 60.15 | Prev Close 60.59 |
| Last Trade | Volume 22.6 mi | 52 Wk Hi 62.23 | 52 Wk Low 48.85 |
| Market Cap 249.7 bi | Ex-Div Date | Div Rate 2.51 | Yield 4.1610 |
| Shares 4,138,053,870.00 | EPS (TTM) 4.61 | PE Ratio 13.10 | Exchange NYSE |
|
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| Last 3 Mo | Last 12 Mo | |
|---|---|---|
| Number of Insider Trades | 3 | 35 |
| Number of Buys | 1 | 12 |
| Number of Sells | 2 | 23 |
| Net Activity | 4517 | -34314 |
| Last 10 Buys | Shares |
|---|---|
| Diego Scotti | 1,000 |
| Craig L. Silliman | 1,000 |
| Lowell C. McAdam | 1,000 |
| Lowell C. McAdam | 1,000 |
| Lowell C. McAdam | 1,000 |
| Lowell C. McAdam | 1,000 |
| Lowell C. McAdam | 1,000 |
| Clarence Otis | 1,000 |
| John R Stafford | 1,000 |
| Lowell C. McAdam | 1,000 |
| Last 10 Sell | Shares |
|---|---|
| Anthony T. Skiadas | 1,000 |
| Anthony T. Skiadas | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Craig L. Silliman | 1,000 |
| Marni M. Walden | 1,000 |
| Current | 1 Week Ago | 2 Weeks Ago | 3 Weeks Ago | |
|---|---|---|---|---|
| High Target Price Estimate | 63 | 63 | 63 | 63 |
| Low Target Price Estimate | 50 | 50 | 50 | 50 |
| Mean Target Price Estimate | 55.91 | 55.91 | 55.91 | 55.63 |
| Standard Deviation | 3.09 | 3.09 | 3.09 | 3.21 |
| Date of Most Recent Estimate | 05/31/18 | 05/11/18 | 05/11/18 | 06/07/18 |
| Form Type | Form Description | Pages | Date |
|---|---|---|---|
| 424B2 | Prospectus filed under Rule 424(b)(2) | 1 | 2018-06-11 |
| 8-K | Report of unscheduled material events or corporate changes. | 10 | 2018-06-11 |
| 8-K | Report of unscheduled material events or corporate changes. | 3 | 2018-06-08 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| 4 | Statement of changes in beneficial ownership of securities | 1 | 2018-06-04 |
| Current | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
|---|---|---|---|---|
| Strong Buy | 9 | 9 | 7 | 7 |
| Moderate Buy | 1 | 1 | 1 | 1 |
| Hold | 9 | 9 | 12 | 13 |
| Moderate Sell | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 |
| Mean Rec. | 2 | 2 | 2.25 | 2.29 |
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