VZ — Verizon Communications Inc. Common Stock
Session close: $44.66. Regular-session share volume: 41,222,746. Change from previous close: -1.19%.
Key developments
Verizon fell during the session as reporting linked carrier weakness to SpaceX’s reported cell-site negotiations, extending pressure that began in the prior evening’s trading. A nationwide Starlink wireless network could intensify competition for subscribers and margins. Tower owners rallied on the same report, but Citi cautioned that national service remains years away, while acknowledging the talks could challenge that timeline.
Oil Tops $100 on Iran Fears, Energy ETF XLE Hits New Record: Stock Market Today · Verizon Stock Sinks After Hours as SpaceX Eyes 80,000 US Cell Sites for Fourth Wireless Carrier Push · Verizon Q3 Preview: Beat, Raise, Dividend Increase – 3 Ways to Fight Off SpaceX Competition Concerns · Starlink Is Years Away From Competing With AT&T and Verizon, Citi Says—but It Might Move Faster
Ahead of upcoming earnings, attention centers on subscriber additions, churn and guidance. Verizon previously raised its earnings and free-cash-flow outlook, offering a positive counterpoint to competitive concerns; anticipated dividend or guidance increases remain possibilities, not announcements.
Houston, Verizon Has a Problem: Verizon Stock Falls as SpaceX Reportedly Seeks 80,000 Cell Sites · Verizon Q3 Preview: Beat, Raise, Dividend Increase – 3 Ways to Fight Off SpaceX Competition Concerns
Separately, Verizon sought FCC permission to retire copper landlines in parts of its footprint. Concerns about vulnerable customers prompted calls for an extended regulatory review.
Verizon Communications (VZ) Seeks FCC Signoff To End Copper Landlines As Review Widens
News sources
Company news Verizon Communications (VZ) Seeks FCC Signoff To End Copper Landlines As Review Widens