Verizon to cut about 15,000 jobs
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The stock currently trades at an attractive valuation.
Wondering if Verizon Communications is cheap or expensive right now? You are not alone; a lot of folks are trying to figure out if today’s price offers a genuine bargain or just looks tempting on the surface.
So far, Verizon has not done that, as its high yield likely makes the stock a draw for income investors. Also, if AT&T and other stocks are any indication, a dividend cut could lead to stock price declines in the near term.
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Why Verizon Stock Popped Today
Heading into the telecommunications giant's third-quarter report, analysts forecast Verizon would earn $1.19 per share on $24.3 billion in revenue. Verizon beat the earnings number, returning $1.21 per share, but missed on sales, delivering only $33.8 billion.
Verizon's 7% yield is a good buy in late 2025 as the Q3 results affirm an outlook for distribution increases and inclusion in the Dividend Aristocrats Index.
Verizon posts strong earnings, boosting confidence in growth, efficiency, and dividend strength. Learn why VZ stock is a buy.
Verizon increased its full-year free-cash-flow guidance significantly, which makes its dividend more secure. There's more to like about the stock than just the dividend. Verizon's management team continues to do the things income investors should appreciate.
The share price of AST SpaceMobile ( ASTS +5.99%), a development-stage maker of satellites used to deliver broadband, was surging last month on a combination of momentum leading into October, after it said it completed assembly of its Bluebird 6 satellite, and as it signed a new deal with Verizon Communications.
Verizon (NYSE: VZ) stock is posting big gains in Monday's trading following the company's recent earnings report. The telecommunications giant's share price was up 5% as of 2:15 p.m. ET. At the same point in the day's trading, the S&P 500 (SNPINDEX: ^GSPC ...