Verizon Communications Inc. ($VZ) Stock Forecast: Down 5.1% Today

What is Verizon Communications Inc.?

Verizon Communications Inc. (NYSE: VZ) is a leading American telecommunications company providing wireless services, internet, and TV services. Today, VZ experienced a strong bearish movement in the stock market.

Why is Verizon Communications Inc. going down?

VZ stock is down 5.1% on Sep 5, 2024 13:55

• Verizon's stock price might have experienced a bearish movement due to the announcement of the acquisition of Frontier Communications in a $20 billion deal. Despite the potential benefits of expanding their fiber network and customer base, investors might be concerned about the financial implications and integration challenges of such a large acquisition.
• The increase in Verizon's dividend for the 18th consecutive year could have been overshadowed by the market's reaction to the acquisition news, leading to a negative sentiment among investors.
• The market might be interpreting the acquisition as a risky move that could impact Verizon's short-term profitability, leading to a sell-off of VZ shares.
• Investors might be cautious about the long-term implications of the acquisition on Verizon's financial health and growth prospects, prompting a bearish trend in the stock price.

VZ Price Chart

VZ News

Verizon To Acquire Frontier In $20B Deal, Reaffirms FY24 Outlook - Frontier Communications ( NASDAQ:FYBR ) , Verizon Communications ( NYSE:VZ )

Frontier Communications Parent, Inc. FYBR shares are trading lower after the company inked an acquisition deal with Verizon Communications Inc. VZ. As per the terms, Verizon will acquire Frontier in an all-cash deal valued at $20 billion.

https://www.benzinga.com/markets/equities/24/09/40727235/verizon-to-acquire-frontier-in-20b-deal-reaffirms-fy24-outlook

Verizon to acquire Frontier

Increases scale with 2.2 million fiber subscribers and will extend Verizon's network reach to 25 million premises across 31 states and Washington, D.C. Transaction valued at $20 billion, expected to be accretive to revenue and Adjusted EBITDA growth upon closing

https://www.benzinga.com/pressreleases/24/09/g40725239/verizon-to-acquire-frontier

Verizon to acquire Frontier

Expands fiber network to accelerate offering of premium broadband and mobility services to more customers nationwide Expands fiber network to accelerate offering of premium broadband and mobility services to more customers nationwide ...

https://www.globenewswire.com/news-release/2024/09/05/2941143/0/en/Verizon-to-acquire-Frontier.html

Verizon increases dividend for 18th consecutive year - Verizon Communications ( NYSE:VZ )

NEW YORK, Sept. 04, 2024 ( GLOBE NEWSWIRE ) -- The Board of Directors at Verizon Communications Inc. ( ( NYSE, NASDAQ:VZ ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter.

https://www.benzinga.com/pressreleases/24/09/g40720098/verizon-increases-dividend-for-18th-consecutive-year

Verizon increases dividend for 18th consecutive year

NEW YORK, Sept. 04, 2024 ( GLOBE NEWSWIRE ) -- The Board of Directors at Verizon Communications Inc. ( NYSE, Nasdaq: VZ ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter.

https://www.globenewswire.com/news-release/2024/09/04/2940957/0/en/Verizon-increases-dividend-for-18th-consecutive-year.html

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Verizon Communications Inc. Price History

04.08.2024 - VZ Stock was down 2.3%

• Concerns may have been raised about the cost and feasibility of Verizon's announcement to bring satellite connectivity to Android phones, leading to investor skepticism.
• The lack of excitement among investors following the company's upcoming speaking engagements at various conferences could be due to a desire for more concrete growth strategies.
• Despite the partnership with Skylo for satellite-based messaging, investors might be cautious about the potential revenue impact and competition in the market.
• The innovative launch of the satellite-messaging service might not have been sufficient to counteract broader market concerns or negative sentiment surrounding the stock.

05.08.2024 - VZ Stock was down 5.1%

• Verizon's stock price might have experienced a bearish movement due to the announcement of the acquisition of Frontier Communications in a $20 billion deal. Despite the potential benefits of expanding their fiber network and customer base, investors might be concerned about the financial implications and integration challenges of such a large acquisition.
• The increase in Verizon's dividend for the 18th consecutive year could have been overshadowed by the market's reaction to the acquisition news, leading to a negative sentiment among investors.
• The market might be interpreting the acquisition as a risky move that could impact Verizon's short-term profitability, leading to a sell-off of VZ shares.
• Investors might be cautious about the long-term implications of the acquisition on Verizon's financial health and growth prospects, prompting a bearish trend in the stock price.

05.02.2024 - VZ Stock was up 2.1%

• A new line of business devices from Verizon Business supports Wi-Fi 7 and 5G C-band connectivity, showcasing the company's dedication to technological advancement.
• Emphasizing reliability and consistent 5G services, Verizon is becoming a key player in the enterprise 5G market, giving it a competitive edge.
• Verizon Connect extends its EV platform to Europe, demonstrating a commitment to sustainability and innovation in fleet management.
• Today's positive movement in VZ stock is influenced by the reception of Verizon's latest technology offerings and its strong positioning in the 5G and EV markets, boosting investor confidence in the company's future growth potential.

22.03.2024 - VZ Stock was down 6.2%

• Q1 results from Verizon met expectations, yet the stock saw bearish movement.
• Today's market upturn was fueled by reduced geopolitical tensions and excitement for upcoming corporate earnings announcements.
• While Verizon surpassed earnings predictions, doubts in the market overshadowed this success, resulting in the downward stock movement.
• Investor wariness regarding Verizon's future performance, despite the positive earnings, played a role in the stock's decline.

22.03.2024 - VZ Stock was down 5.3%

• Verizon Communications reported Q1 2024 earnings with EPS of $1.15, beating analyst estimates, but revenue of $32.98 billion, slightly missing expectations. This mixed earnings report could have contributed to the bearish movement in the stock.
• The mention of Verizon in various discussions and by Jim Cramer could have drawn more attention to the stock, leading to increased trading activity and potential profit-taking, influencing the bearish movement.
• The headline "Verizon Invokes The AI Warhead" might have sparked concerns or uncertainties among investors, possibly contributing to the downward pressure on the stock price.
• Overall, the combination of earnings results, market mentions, and intriguing headlines could have fueled the bearish sentiment surrounding Verizon Communications today.

22.03.2024 - VZ Stock was down 5.6%

• Verizon Communications Inc. reported lower income and EPS for Q1, which may have disappointed investors and led to the bearish movement.
• Despite beating Q1 earnings estimates, VZ missed on revenues, indicating potential concerns about the company's revenue growth.
• The overall market sentiment towards telecom stocks may have been influenced by the mixed results from VZ, contributing to the bearish movement.
• Investors might be cautious about the telecommunications sector as a whole, awaiting further developments in the industry and closely monitoring earnings reports from key players like Verizon.

23.03.2024 - VZ Stock was down 6.2%

• Despite strong wireless and broadband growth highlighted in the Q1 2024 earnings call transcript, Verizon stock experienced a bearish movement.
• Evercore ISI maintaining Verizon stock at in-line after Q1 results and seeing the selloff as an overreaction suggests that the market may have reacted negatively to certain aspects of the earnings report.
• The rising costs in the telecommunications sector could have contributed to investor concerns about Verizon's profitability and future growth prospects.
• The overall market sentiment being in the "Fear" zone, despite some improvement, may have also added to the bearish movement in Verizon stock as investors remain cautious about potential risks and uncertainties in the market.

23.03.2024 - VZ Stock was down 6.2%

• Today, Verizon (VZ) experienced a strong bearish movement amidst a bullish overall market sentiment:
• Despite reporting Q1 results in line with expectations, Verizon's stock took a hit, possibly due to profit-taking or concerns about future growth prospects.
• The broader market saw a positive trend with the Dow Jones, S&P 500, and Nasdaq all closing higher, driven by easing geopolitical tensions and upcoming earnings reports from major companies.
• The bearish movement in Verizon's stock could also be influenced by specific industry dynamics or competitive pressures, despite the company beating earnings estimates for the quarter.
• Investors might be reacting to the broader market movements and specific company news, leading to the downward pressure on Verizon's stock price.

22.03.2024 - VZ Stock was down 5.3%

• Verizon's Q1 results showed a flat revenue of $32.98 billion, slightly missing the consensus of $33.24 billion, which could have contributed to the bearish movement.
• Despite the revenue miss, Verizon's adjusted EPS of $1.15 beat expectations, indicating strong profitability in the quarter.
• The company's ability to reduce postpaid phone net losses and achieve higher retail postpaid net additions might have been overshadowed by concerns over the overall revenue performance.
• The telecommunications sector's competitive landscape and investors' reactions to earnings reports from other companies in the industry could have also influenced the bearish market movement of Verizon's stock today.

23.03.2024 - VZ Stock was down 6.2%

• The downward movement in Verizon Communications Inc. (VZ) stock today could be attributed to several factors:
• The Q1 2024 earnings call transcript may have revealed weaker performance or guidance than expected, prompting investors to sell off their shares.
• Concerns among shareholders may have arisen due to the company's mentioned strategic shifts and their potential impact on future profitability.
• Negative investor sentiment towards telecom stocks, indicated by the fear and greed index being in the "Fear" zone, likely contributed to the downward pressure on VZ shares.
• While the overall market displayed positive momentum, internal company updates and industry dynamics are probable drivers for the bearish movement in Verizon's stock today.

22.03.2024 - VZ Stock was down 6.0%

• Verizon Communications surpassed EPS expectations but fell short of revenue forecasts in Q1 earnings, causing uncertainty among investors.
• Despite the favorable earnings, the market responded unfavorably to Verizon's performance, possibly reflecting apprehensions about revenue expansion.
• The decline in Verizon's stock value may have been influenced by general market patterns and investor attitudes towards telecommunications entities.
• While companies like Nvidia and Amazon.com saw increases in their stock prices, Verizon's downturn might have been intensified by profit-taking or a shift in investor favor towards high-growth industries.

23.03.2024 - VZ Stock was down 6.2%

• The bearish movement in VZ stock today can be attributed to the following factors:
• Despite the overall positive market sentiment with major indices like the Dow Jones, S&P 500, and Nasdaq all closing higher, Verizon's earnings call transcript may have revealed weaker-than-expected performance or guidance, leading to a sell-off by investors.
• The anticipation of key U.S. economic data releases this week may have heightened market volatility, causing some investors to reposition their portfolios and sell off VZ shares.
• While Verizon's Q1 results were in line with expectations, the market may have reacted negatively to any subtle nuances or concerns highlighted during the earnings report, prompting a bearish trend in the stock.
• The rebound in the broader market today could have also led to profit-taking in Verizon stock, as investors looked to capitalize on gains in other sectors following last week's market turbulence.