Last $47.60 USD
Change Today +0.50 / 1.06%
Volume 23.2M
VZ On Other Exchanges
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (VZ) Snapshot

Open
$46.87
Previous Close
$47.10
Day High
$47.70
Day Low
$46.87
52 Week High
04/30/13 - $54.31
52 Week Low
09/3/13 - $45.08
Market Cap
197.1B
Average Volume 10 Days
25.9M
EPS TTM
$2.84
Shares Outstanding
4.1B
EX-Date
04/8/14
P/E TM
16.8x
Dividend
$2.12
Dividend Yield
4.42%
Current Stock Chart for VERIZON COMMUNICATIONS INC (VZ)

verizon communications inc (VZ) Details

Verizon Communications Inc., through its subsidiaries, 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 phones and basic phones, and notebook computers and tablets; messaging services to send and receive text, picture, and video messages; and consumer and business focused multimedia applications under the 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 February 24, 2014, it served 103 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. 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.

176,800 Employees
Last Reported Date: 02/27/14
Founded in 1983

verizon communications inc (VZ) 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 (VZ) Key Developments

Verizon Unveils Secure Cloud Interconnect Service

Verizon has announced the launch of its Secure Cloud Interconnect service, or SCI. Enterprise organizations will be able to use Verizon's Private IP service to connect to various cloud services including the Verizon cloud and Microsoft Azure, along with other cloud services expected to come online later in 2014. In addition, enterprises that have located their private cloud infrastructure in Equinix data centers can directly access Verizon's Private IP service in 15 Equinix data centers in the US, Europe and Asia-Pacific: Northern Virginia., Newark, N.J., Chicago, Dallas, Los Angeles, Atlanta and Silicon Valley; London, Frankfurt, Amsterdam and Paris; Sydney, Hong Kong, Tokyo and Singapore. Verizon's Secure Cloud Interconnect service will offer a combination of features to enterprises, including dynamic bandwidth allocation with fully redundant connections, application performance throughput and quality of service, usage-based billing, and simple provisioning and management via a centralized portal. In addition, for added protection, clients can also add managed security services on top of their solutions. To ensure enterprise-class performance and security, Verizon is deploying Private IP edge routers into third-party clouds to enable pre-integration of networking and data center interfaces. After an enterprise selects its cloud partners, location and service information, Verizon will automatically provision the connection in minutes or hours, versus days or weeks or a month when using the traditional model. As a result, enterprise organizations can confidently move their applications into third-party data centers and run workloads where it makes the most sense.

Verizon Expands Cloud Solutions, with Secure Cloud Interconnect

Verizon is addressing the growing need for organizations to connect more than one cloud seamlessly and securely, with the launch of its Secure Cloud Interconnect service (SCI). Enterprise organizations will be able to use Verizon's Private IP service to connect to multiple cloud services including the Verizon cloud and Microsoft Azure, with an additional half-dozen other major cloud services expected to come online later this year. In addition, enterprises that have located their private cloud infrastructure in Equinix data centers can directly access Verizon's Private IP service in 15 Equinix data centers in the U.S., Europe and Asia-Pacific: Northern Virginia., Newark, N.J., Chicago, Dallas, Los Angeles, Atlanta and Silicon Valley; London, Frankfurt, Amsterdam and Paris; Sydney, Hong Kong, Tokyo and Singapore. Verizon's Secure Cloud Interconnect service will offer a combination of features to enterprises, including dynamic bandwidth allocation with fully redundant connections, application performance throughput and quality of service, usage-based billing, and simple provisioning and management via a centralized portal. With SCI, enterprises gain full visibility into which applications are being consumed, by whom, and where and how they are performing. In addition, for added protection, clients can also add managed security services on top of their solutions. Experts estimate that the enterprise cloud storage and computing market is growing at 50% annually, with enterprise cloud spending expected to increase by 45% annually. SCI Ensures Enterprise-Class Security, Performance: To ensure enterprise-class performance and security, Verizon is deploying Private IP edge routers into third-party clouds to enable pre-integration of networking and data center interfaces. After an enterprise selects its cloud partners, location and service information, Verizon will automatically provision the connection in minutes or hours, versus days or weeks or a month when using the traditional model. As a result, enterprise organizations can confidently move their applications into third-party data centers and run workloads where it makes the most sense. SCI with Verizon cloud will be immediately available in three locations (Denver, Northern Virginia and Santa Clara, Calif.), with sites in Europe (London, Amsterdam) available in May. Additional sites are planned for Europe and the Asia-Pacific region by year's end. The service with Microsoft Azure is expected to be available this summer for customers in the U.S. Verizon will offer connections up to 10 gigabits to clouds (Verizon, Equinix, Microsoft) connecting to SCI. Private IP Provides Secure, High-Performance Environment for Cloud Computing Available in more than 140 countries and territories, Private IP offers organizations stringent service level agreements, including latency and packet-loss service level agreements. Connections to the Verizon cloud service will also offer end-to-end performance service level agreements.

Verizon to Introduce FiOS Quantum TV Service

Verizon announced the introduction of FiOS Quantum TV, which reportedly provides the ability to record up to 12 shows at once; pause and rewind live TV on any TV in the home; and store up to 200 hours of HD programs. This advanced TV-entertainment experience is enabled by enhanced DVR control and storage and builds upon the Verizon's successful Quantum Internet service. The new service will roll out in phases over the next few months in markets where FiOS TV is offered, and it can be ordered immediately by customers in North Texas and Harrisburg, Pa., where beta trials were conducted. FiOS Quantum TV features two advanced tiers of DVR service, known as Premium and Enhanced. The Premium Service allows customers to record up to 12 shows at the same time and store up to 200 hours of HD programing, with two terabytes of storage space. This increase over the current DVR service, which allows customers to simultaneously record two shows and store up to 50 hours of HD programming. With the Enhanced Service, customers can record up to six shows simultaneously, and store up to 100 hours of HD programming with one terabyte of storage space. Both tiers of service will allow customers to control live TV in any room and start watching a show in one room, pause, move to another room and continue watching exactly where they left off, which ensures they never miss a second of the program they are watching. FiOS Quantum TV customers will use a next-generation set-top box known as a Video Media Server, which is smaller than the existing set-top box and acts as the brains of the FiOS Quantum TV setup. Each Media Server, connected to one TV, serves as the hub for up to five TVs in a home. Each of four additional TVs can be connected to a Media Client, a compact companion device that communicates with the Media Server. The Premium Service, using two Video Media Servers, can connect up to 10 TVs and is ideal for the viewing needs of a household with six or more TVs. While many existing customers' FiOS broadband home routers are compatible with FiOS Quantum TV, certain routers must be replaced. If needed, the required FiOS broadband home router will be supplied at no additional charge to existing FiOS TV customers who are using a Verizon-provided router and who upgrade to FiOS Quantum TV service. As with current FiOS TV set-top box equipment, the FiOS Quantum TV equipment will be rented and not purchased by customers. A new FiOS Quantum TV customer with five TVs who orders the Enhanced Service would pay $10 more per month than the charge for standard FiOS TV using a traditional multi-room DVR; a new customer with five TVs who orders the Premium Service would pay $20 more per month. Current FiOS TV customers who want to upgrade to FiOS Quantum TV and self-install the new equipment will incur a one-time, $24.99 upgrade fee, plus tax. While the upgrading is quick and easy, existing and new FiOS TV customers can elect to have a Verizon technician install the service.

 

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Industry Analysis

VZ

Industry Average

Valuation VZ Industry Range
Price/Earnings 11.9x
Price/Sales 1.1x
Price/Book 3.5x
Price/Cash Flow 7.0x
TEV/Sales NM Not Meaningful
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