VZ — Verizon Communications Inc. Common Stock
Session close: $43.56. Regular-session share volume: 25,108,977. Change from previous close: -2.20%.
Key developments
Reporting linked telecom-sector weakness to SpaceX reaffirming its wireless-market ambitions after earnings. That raises competitive concerns for Verizon, although its chief executive previously questioned satellite providers’ ability to match its broadband service. An earnings preview also flagged intense competition and high debt as risks.
Why Telecom Stocks Are Falling Amid SpaceX Earnings Report · Is Verizon Stock Worth Buying Ahead of Q3 Earnings Release? · Elon Musk Says SpaceX's Starlink Is Rewriting Telecom With ‘Entirely New Pieces’ as T-Mobile, AT&T and Verizon Downplay the Threat: ‘They Don't Understand’
Ahead of Verizon’s earnings, coverage highlighted strong customer metrics, fiber expansion and an attractive valuation. These were preview assessments rather than reported quarterly results; the supplied earnings coverage did not specify a release date.
Countdown to Verizon (VZ) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS · Is Verizon Stock Worth Buying Ahead of Q3 Earnings Release?
Verizon partnered with Aduna and other carriers on fraud-prevention network interfaces intended to improve business authentication, with availability targeted for later this year. Separately, a distribution agreement reported in the prior session restored Starz programming for Fios subscribers after a disruption; financial terms were not disclosed.
Verizon Collaborates on New Fraud Prevention APIs · Aduna and Major U.S. Carriers Expand Network API Portfolio to Help Businesses Combat Fraud · Verizon and Starz Reach New Distribution Agreement
News sources
Company news Countdown to Verizon (VZ) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS