Last $34.91 USD
Change Today 0.00 / 0.00%
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As of 11:50 AM 03/5/14 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (VERIZ) Snapshot

Open
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Previous Close
$34.91
Day High
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Day Low
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52 Week High
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52 Week Low
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Market Cap
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Average Volume 10 Days
0.0
EPS TTM
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Shares Outstanding
4.2B
EX-Date
10/8/14
P/E TM
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Dividend
$2.20
Dividend Yield
6.13%
Current Stock Chart for VERIZON COMMUNICATIONS INC (VERIZ)

verizon communications inc (VERIZ) Details

Verizon Communications Inc. provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers access to various wireless voice and data services comprising Internet access through smart and basic phones, and notebook computers and tablets; messaging services; and consumer and business focused multimedia applications under Verizon Wireless brand. This segment also provides location-based services; global data services; HomeFusion Broadband, a high-speed Internet service for homes; other connection-related services, such as network access and value added services to support telemetry-type applications; and machine-to-machine services that support devices used in healthcare, manufacturing, utilities, distribution, and consumer products markets, as well as sells smart phones and basic phones, tablets, and other Internet access devices. As of May 15, 2014, it served 103.3 million retail customers. The company’s Wireline segment offers video services over its fiber-optic network; data services comprising high-speed Internet and FiOS broadband data products, as well as local exchange capacity, managed, mobility, and security services; voice services, such as local exchange, regional, long distance, wire maintenance, and voice messaging services, as well as VoIP, and landline and wireless services; and local dial tone and broadband services to local, long distance, and other carriers. This segment also provides networking products and solutions, such as private Internet protocol services, and Ethernet access and ring services; and infrastructure and cloud services. In addition, it offers FiOS Quantum TV service in New York and New Jersey. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is headquartered in New York, New York.

178,500 Employees
Last Reported Date: 10/21/14
Founded in 1983

verizon communications inc (VERIZ) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $760.6K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $880.8K
Executive Vice President and President of Glo...
Total Annual Compensation: $715.4K
Executive Vice President of Public Policy and...
Total Annual Compensation: $666.2K
Compensation as of Fiscal Year 2013.

verizon communications inc (VERIZ) Key Developments

Verizon Communications Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Capital Spending Guidance for the Year 2014

Verizon Communications Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported operating revenues were $31,586 million, compared to $30,279 million for the last year. Operating income was $6,890 million compared to $7,128 million in third-quarter of 2013. Income before provision for income taxes was $5,658 million, compared with $6,612 million for the last year. Net income attributable to the company was $3,695 million or $0.89 per basic and diluted share, compared with $2,232 million or $0.78 per basic and diluted share for the last year. Higher net income and revenue helped by strong wireless subscriber growth and demand for its FiOS Internet services. Capital expenditures for the quarter totaled $4.1 billion. Consolidated EBITDA was $11.1 billion. For the nine months, the company reported operating revenue of $93,887 million, compared to $89,485 million for the last year. Operating income was $21,735 million, compared with $19,905 million for the last year. Income before provision for income taxes was $19,156 million, compared with $18,517 million for the last year. Net income attributable to the company was $11,856 million or $3.03 per basic and diluted share, compared with $6,430 million or $2.24 per basic and diluted share for the last year. Net debt was $102,012 million as on September 30, 2014. Cash flow from operating activities totaled $23,157 million in the first nine months of 2014 compared with $28,387 million in the first nine months of 2013. Over these same time periods, capital expenditures totaled $12,624 million in 2014 and $11,807 million in 2013. For the full year 2014, the company projects capital spending to be around $17 billion.

Verizon Wireless Expands 4G LTE Network in Laurel, Ms

Verizon Wireless has expanded its newest technology known as XLTE - in more markets including Laurel to boost 4G LTE network capacity and enhance high-speed services for customers. More than 400 of Verizon's 4G LTE 500-plus markets have been enhanced with XLTE, with more scheduled to be completed by the end of the year. XLTE utilizes Verizon's AWS (Advanced Wireless Services) spectrum, which allows Verizon to deliver significantly increased capacity -- at a minimum, doubling the capacity -- over its high-speed 4G LTE network. This means more customers in high-traffic locations can access the company's most advanced technology at the same time to send photos, download videos, surf the Internet and use other popular applications on their smartphones, tablets and other devices during times of peak usage.

Verizon Communications Names Diego Scotti as Chief Marketing Officer

Verizon Communications has named Diego Scotti its chief marketing officer, effective Oct. 6. Scotti will lead marketing efforts for all of Verizon's wireless and wireline business units as the company continues to differentiate itself as the leader in a vibrantly competitive industry. Scotti has a wealth of experience creating and developing innovative marketing strategies and unique customer experiences. Diego most recently served as the CMO at J.Crew. Prior to J.Crew he oversaw marketing for several print and digital media brands at Conde Nast and was previously the head of global advertising and brand management at American Express.

 

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Industry Analysis

VERIZ

Industry Average

Valuation VERIZ Industry Range
Price/Earnings 10.4x
Price/Sales 1.6x
Price/Book 12.1x
Price/Cash Flow 6.0x
TEV/Sales 0.7x
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