Verizon Communications is one of the biggest multinational telecommunications corporations. Its subsidiary company — Verizon Wireless — is the US largest wireless network operator. Verizon also issues White pages and sells mobile phones and other communication devices.
The company was founded in 2000 after the merger of Bell Atlantic and communication service provider GTE. Verizon is headquartered in New York and operates all over the globe. The company's stock is a corporate component of the Dow Jones index.
When analyzing VZ, it's important to study the company's financial performance and economic indicators. The growth of annual income and new office openings have a positive effect on the Verizon stock rate. On the contrary, closing loss-making subdivisions can undermine investors' trust, and they will prefer more reliable and profitable assets.
Also, follow news about Verizon Communications. Scandals and lawsuits can make the VZ rate fall, while new product and service announcements will positively impact the stock's cost. For example, the VZ price fell to $43 in 2017 after a data breach concerning 6 million Verizon users was revealed. In March 2019, the stock rate rose to $57 amid a launch of the 5G Ultra Wideband mobility service in Chicago and Minneapolis.
Global market events also affect the VZ stock cost. For example, investors chose to put money into safe-haven assets, such as USD and XAU, during the COVID-19 pandemic. The global stock market collapsed, and Verizon's stock also fell in price.
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Sell | 41.8 |
Buy | 41.81 |
Sentiment | 53.3% ▴ |
1-day change | 1.46(3.62%) |
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#AA | N/A | N/A | -0.42 | -1.29% |
#ABBV | N/A | N/A | 8.4 | 4.47% |
#ABT | N/A | N/A | 6.45 | 6.04% |
#ADM | N/A | N/A | -0.71 | -1.15% |
#AMWL | N/A | N/A | -2.03 | -19.77% |
#AXP | N/A | N/A | 6.6 | 2.62% |
#BA | N/A | N/A | -11.02 | -5.98% |
#BABA | N/A | N/A | 4.04 | 5.10% |
#BAC | N/A | N/A | 1.1 | 2.77% |
#BB | N/A | N/A | -0.07 | -2.90% |
#CAT | N/A | N/A | 11.36 | 3.30% |
#CLX | N/A | N/A | 27.22 | 20.76% |
#COTY | N/A | N/A | -0.48 | -4.87% |
#CVX | N/A | N/A | -8.8 | -5.62% |
#DIS | N/A | N/A | -3.11 | -3.33% |
#DVN | N/A | N/A | -1.68 | -3.61% |
#EDU | N/A | N/A | -0.05 | -0.08% |
#F | N/A | N/A | 0.34 | 3.13% |
#FIS | N/A | N/A | 6.07 | 7.95% |
#FTI | N/A | N/A | -2.65 | -8.99% |
#GD | N/A | N/A | 3.23 | 1.09% |
#GE | N/A | N/A | 0.56 | 0.32% |
#GPN | N/A | N/A | 10.02 | 9.94% |
#HD | N/A | N/A | 1.11 | 0.30% |
#HPQ | N/A | N/A | 0.12 | 0.33% |
#IBM | N/A | N/A | 10.16 | 5.29% |
#JNJ | N/A | N/A | 7.63 | 4.82% |
#JPM | N/A | N/A | 14.05 | 6.67% |
#KMI | N/A | N/A | 0.54 | 2.57% |
#KO | N/A | N/A | 5.73 | 8.59% |
#KODK | N/A | N/A | -0.49 | -8.51% |
#LMT | N/A | N/A | 26.68 | 4.93% |
#MA | N/A | N/A | 18.68 | 4.02% |
#MCD | N/A | N/A | 25.11 | 9.53% |
#MLM | N/A | N/A | -55.64 | -9.44% |
#MMM | N/A | N/A | 8.5 | 6.73% |
#MO | N/A | N/A | 4.3 | 8.69% |
#MS | N/A | N/A | 0.79 | 0.77% |
#NIO | N/A | N/A | -0.24 | -5.61% |
#NSC | N/A | N/A | 7.85 | 3.16% |
#OXY | N/A | N/A | -3.23 | -5.37% |
#PFE | N/A | N/A | -1.24 | -4.10% |
#PG | N/A | N/A | 10.45 | 6.49% |
#PM | N/A | N/A | 8 | 6.94% |
#RNG | N/A | N/A | -1.28 | -3.71% |
#RTX | N/A | N/A | 6.62 | 5.67% |
#SLB | N/A | N/A | -3.5 | -7.37% |
#SNOW | N/A | N/A | -13.68 | -10.73% |
#SQ | N/A | N/A | 2.79 | 4.41% |
#STZ | N/A | N/A | -5.06 | -2.06% |
#T | N/A | N/A | 0.74 | 3.86% |
#TAP | N/A | N/A | 1.08 | 2.05% |
#TME | N/A | N/A | -3.5 | -25.18% |
#TOT | N/A | N/A | 1.61 | 2.39% |
#V | N/A | N/A | 11.28 | 4.26% |
#VMC | N/A | N/A | -28.04 | -10.29% |
#VZ | N/A | N/A | 1.46 | 3.62% |
#WMT | N/A | N/A | 8.17 | 11.83% |
#XOM | N/A | N/A | -0.75 | -0.63% |
#NFLX | N/A | N/A | 58.67 | 9.14% |
#NKE | N/A | N/A | N/A | N/A |
Verizon Communications appeared in June 2000 via a merger of Bell Atlantic Corp. and GTE Corp. It appeared to be one of the largest mergers in the US. The company has gone through numerous important steps not only for its development but also for the development of the world's communication technologies.
For instance, in 2002, the first 3G network in the US was launched. It allowed customers to access the web and stream data from their mobile devices at high speed. That same year, the company introduced the first color handset in North America, the Sharp Z-800. Customers could download applications through the BREW software platform. It was a so-called predecessor of today's smartphones and app stores. Also, in 2002, the corporation offered the Jabra FreeSpeak, which was the industry's first "cord-free" headset. Those are just a couple of examples of the company’s innovations at its early stages.
Today, the company works on 4G LTE, 5G, fiber optics, and multi-access age compute network technologies.
The company became publicly traded in July 2000 on the New York Stock Exchange under the #VZ ticker. In April 2004, the company was included in the list of 30 companies of the Dow Jones Industrial Average index, becoming a part of the stock market’s health barometer. However, that is not the only index that contains Verizon. There is a long list of indices that include VZ stocks. The most outstanding indices are S&P 500, DJ Composite, DJ US, and DJ Large-Cap.
Although the company pays dividends, the stock price is quite low, and the company's revenue and earnings are constantly growing, it’s recommended to trade stock CFD. When trading Verizon’s stocks, you should consider the current conditions in the major telecommunications industry and the communications sector. The company’s major rivals are Nippon Telegraph and Telephone Corporation, Comcast, AT&T, T-Mobile USA, GTX Corp, Altice USA, Lumen Technologies, and Orange.
Technical and fundamental VZ stock price analysis and expert forecasts for Verizon through 2030.