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☆ Verizon reports fewer quarterly subscriber losses on flexible plan demand
▼ + stars: | 2024-04-22 | by ( ) www.cnbc.com time to read: +2 min

It lost 68,000 monthly bill-paying wireless phone subscribers between January and March - a seasonally soft period for the industry after the holiday quarter. Verizon has also partnered with streaming services to attract customers. Verizon's consumer business saw its best first-quarter performance since 2018, with 158,000 wireless retail postpaid phone net losses, compared with 263,000 losses a year ago. The firm reported revenue of $33 billion for the quarter, compared with an LSEG estimate of $33.24 billion, as phone upgrade levels continued to drift lower. Excluding items, the company reported a profit of $1.15 per share, beating an LSEG estimate of $1.12 per share.

Persons: Max, Hans Vestberg, Verizon's Organizations: Verizon Communications, Netflix, Warner Bros, The, Verizon Locations: The New York

☆ Sweeping AT&T outage leads customers across the US to wake up without cellphone service
▼ + stars: | 2024-02-22 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

AT&T is experiencing a cell service outage in the US. Advertisement"Some of our customers are experiencing wireless service interruptions this morning," AT&T said in a statement to BI. Reports of service issues spiked on the outage-reporting website DownDetector around 8 a.m. Frustrated AT&T customers took to social media to complain to the company — or share memes about the outage. ^NiaM — AT&T (@ATT) February 22, 2024Some government services have also been impacted by the outage.

Persons: —, Lauren Schulz, Schulz Organizations: Service, Verizon, Mobile, Twitter, New York Police, CNN, NYPD Locations: San Francisco

☆ Top Wall Street analysts pick these 3 dividend stocks for the long haul
▼ + stars: | 2024-02-11 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Investors ought to consider the insight of top Wall Street pros as they hunt for dividend stocks with solid fundamentals. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Overall, he thinks that the company offers a compelling investment opportunity, given its high dividend yield and industry-leading position that enables it to benefit from long-term telecom trends. (See EPD Insider Trading Activity on TipRanks)MPLX LPOur third dividend pick is another midstream energy player, MPLX LP (MPLX). The analyst expects a cash distribution of $3.57 per unit in 2024 and $3.84 per unit in 2025.

Persons: Wall, Ivan Feinseth, TipRanks, Selman Akyol, Akyol, EPD, Elvira Scotto, Scotto Organizations: Verizon Communications, Tigress, Verizon, Enterprise Products, Enterprise Products Partners, Enterprise, MPLX, RBC Capital Locations: unitholders

☆ Verizon CEO: Building customized networks for the NFL and adding stadium capacity
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVerizon CEO: Building customized networks for the NFL and adding stadium capacityVerizon CEO Hans Vestberg joins 'Money Movers' to discuss why it's a good idea to buy a Super Bowl ad despite the high cost, Verizon's network capacity, and the goals of the new chief marketing officer.

Persons: Hans Vestberg Organizations: Verizon, NFL

☆ Companies can now help workers pay off student debt while saving for retirement—these 3 already offer the benefit
▼ + stars: | 2024-02-06 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

Over 43 million Americans currently have federal student loan debt. Offering a 401(k) match is a popular benefit: 98% of employers that offer 401(k) plans match some level of employee contributions, according to a 2013 survey of over 400 plan sponsors. At least three large employers — Abbott, Verizon and Chipotle — currently offer 401(k) matching for employees making student loan payments. The company recently created a blueprint detailing the advantages of offering a student loan repayment benefit and guidance for other organizations to design their own programs. Verizon: Secure Your FutureVerizon recently introduced a student loan payment match to help support its employees.

Persons: they're, — Abbott, Chipotle —, Abbott, We've, Mary Moreland, We're, Kevin Cammarata, Cammarata Organizations: Allianz Life, Verizon, Chipotle, Internal Revenue Service, Abbott, Employees, CNBC

Analyst Oliver Chen also maintained his buy rating for Ulta stock, simultaneously lifting his price target to $580 from $570. Deutsche Bank: Reiterate buy rating and $450 price target, implying 10% upside. Kallo's price target of $300 implies that Tesla stock could rally more than 56% from its Tuesday closing price. Citi analyst Christopher Danely also stood by his buy rating on the stock while lifting his price target to $192 from $136. Analyst Jeffrey Adelson downgraded the company to underweight from equal weight and cut his price target to $6.50 from $7.

Persons: Morgan Stanley, TD Cowen, Ulta, Oliver Chen, ULTA, Chen, — Lisa Kailai Han, Goldman Sachs, Kash Rangan, Baird, Tesla, Ben Kallo, Elon Musk's, Toshiya Hari, Hari, Christopher Danely, Vivek Arya, Danely, Arya, Harlan Sur, Kannan Venkateshwar, Venkateshwar, Eric Sheridan, Sheridan, Justin Post, Ross Sandler, Sandler, Ronald Josey, Josey, Morgan Stanley downgrades, Jeffrey Adelson, Adelson, SOFI, SoFi, Fred Imbert Organizations: CNBC, Google, Microsoft, SoFi Technologies, Deutsche Bank, Citi, Barclays, Tesla, Devices, Wall Street, AMD, Bank of America, Barclays downgrades Verizon Barclays, Verizon, Venkateshwar, Bulls, Morgan Stanley downgrades SoFi Locations: Ulta

☆ The CEO of Verizon's mobile unit has a bold ambition for salespeople and call centers in 2024
▼ + stars: | 2023-12-21 | by ( Josée Rose | ) www.businessinsider.com time to read: +7 min

He became the CEO of Verizon's consumer group, which includes its flagging mobile unit. As he took on his new role, Sampath worked at Verizon stores and one of the company's overseas call centers. There's uncertainty about the economy. There's uncertainty with elections looming, and it's going to be massively polarizing. AdvertisementYou will have companies that attract certain talent and companies that don't attract certain talent, and that's going to have long-term consequences.

Persons: —, Sampath, it's, what's, We'd, I've, there's, you've, They're Organizations: Service, Verizon, Business Locations: America

Though Apple's store only has a gift card promotion right now, several other retailers are offering much better Cyber Monday iPhone deals. The best Cyber Monday Apple iPhone deals come straight through carriers like AT&T and Verizon. It's worth noting that most Cyber Monday Apple iPhone deals aren't just a straight discount on the iPhone itself. To help, we've rounded up the best Cyber Monday iPhone deals below, as well as the stipulations some of them require. The best Cyber Monday Apple iPhone dealsSome Cyber Monday trade-in deals lead to huge discounts on iPhones, and many let you get an iPhone entirely for free.

Organizations: Verizon, Apple

☆ Black Friday Apple iPhone deals: Get a free iPhone 15 model with trade-in
▼ + stars: | 2023-11-24 | by ( Antonio Villas-Boas | John Lynch | ) www.businessinsider.com time to read: +2 min

However, that doesn't stop other retailers from having their own Black Friday Apple iPhone deals. The best Black Friday Apple iPhone deals come from carriers like Verizon and AT&T. Black Friday Apple iPhone deals from any retailers, including carriers, aren't typically a straightforward discount on an iPhone. The best Black Friday Apple iPhone dealsThe reward of going through one of these hurdles can easily be worth it. The free Apple Watch and iPad is incredibly generous, but the data plan requirement for each is a catch to consider.

Organizations: Apple, Verizon, AT, T, Apple Watch

☆ Case Study: Verizon's Data-Driven Succession Planning
▼ + stars: | 2023-11-20 | by ( Morgan Brennan | ) www.cnbc.com time to read: 1 min

To achieve Verizon's business imperatives and deepen bench strength, the telecom giant set out to evolve its approach to executive talent management. Verizon partnered with Censia using their pioneering AI driven, talent intelligence platform to apply an "external lens" and provide insights that informed strategic talent plans and opportunities. Verizon's SVP & Chief Talent & Diversity Officer and WEC member, Christina Schelling, and Censia President of Executive Intelligence, Monica Bua, join us to discuss how over the last 12 months, executing their new data-driven strategy, Verizon has successfully delivered the leadership foundation for competitive advantage and sustained growth.

Persons: Christina Schelling, Monica Bua Organizations: Verizon, Censia, SVP, Chief Talent, Diversity, WEC, Executive Intelligence

☆ Comcast revenue and profit top estimates as Universal theme park sales soar
▼ + stars: | 2023-10-26 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Comcast topped both revenue and profit estimates in the third quarter, but the largest U.S. internet provider lost high-speed broadband customers and NBCUniversal advertising revenue slumped. NBCUniversal's flagship streaming service Peacock added 4 million subscribers and revenue increased 64% to $830 million, stemming the subscription service's quarterly loss to $565 million. Revenue rose 0.9% compared to the prior year period. U.S. broadband revenue rose 3.8% to $6.4 billion even as subscribers fell due to higher rates. Wireless revenue rose 16% to $917 million in the quarter on a net addition of 294,000 customers.

Persons: Peacock, Read Organizations: NINTENDO, Universal Studios Hollywood, Comcast, LSEG, Sky, Sky . Revenue, Super Nintendo, U.S Locations: Universal City , California, Sky .

☆ Verizon raises free cash flow forecast as subscriber additions top estimates
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +1 min

The company now expects annual free cash flow (FCF) to be higher than $18 billion, at least a $1 billion increase from its prior forecast. Its third-quarter FCF of $6.7 billion beat estimates by more than $1.3 billion, according to Visible Alpha. Shares of the New York-based telecom company, which has benefited from price increases and customers migrating to higher-tiered unlimited plans, rose more than 4% in premarket trading. Rival AT&T (T.N) raised its annual FCF forecast last week and trounced Wall Street estimates for subscriber additions. Verizon's revenue fell 2.6% to $33.3 billion in the three months to September, but was in-line with analysts' average estimate of $33.25 billion, according to LSEG data.

Persons: Brendan McDermid, Samrhitha, Vinay Dwivedi Organizations: Verizon, REUTERS, U.S, Alpha, Wall, Mobile, Thomson Locations: New York City, U.S, York, Bengaluru

☆ Meet the candidates in the running to replace James Gorman as Morgan Stanley's CEO
▼ + stars: | 2023-10-20 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

Morgan Stanley CEO James Gorman plans to retire by May 2024, leaving big shoes to fill. AdvertisementAdvertisementSuccession has traditionally been a bloody sport on Wall Street with the losers leaving and taking their lieutenants with them. Morgan Stanley CEO James Gorman, who plans to retire by May 2024, wants the buck the trend so the bank can hold onto all three candidates. "Wall Street has had a history of that not happening," said Gorman in a July earnings call. With Morgan Stanley at the top of its game, breaking up this well-oiled team could be disastrous.

Persons: Morgan Stanley, James Gorman, Ted Pick, Andy Saperstein, Dan Simkowitz, —, Gorman, Morgan, Ted, He's, Tony James, Morgan Stanley's, Pick, Simkowitz, Dodd, Frank, Fannie Mae, Freddie Mac, Dan, Andy Saperstein Saperstein, Merrill Lynch, Bloomberg, Hayley Cuccinello Organizations: Service, Archegos Capital Management, Washington , D.C, Federal Reserve, Treasury, General Motors, AIG, Citigroup, McKinsey, Staten, Disney, Hamptons Locations: Washington ,, hcuccinello@insider.com

☆ Verizon's CEO has been tracking his mood out of 10 in a spreadsheet every day since 2009, and if he gives himself less than 3, he works alone for the day
▼ + stars: | 2023-09-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Verizon's CEO Hans Vestman ranks his mood from one to 10 every day to get into the right mindset for work. "If you want to lead other people, you need to start with yourself," Vestman said at a Fast Company event. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementVerizon's CEO revealed that he adopted an unusual strategy to stay at the top of his game at work, including tracking his daily mood in a spreadsheet for over a decade.

Persons: Hans Vestman, Vestman, —, Stephanie Mehta, Vestberg Organizations: Verizon, Service, Mansueto, CNBC, Ericsson Locations: New York

☆ Verizon's CEO swears by a simple 1-question morning routine: It gets you into the 'right mood and right energy'
▼ + stars: | 2023-09-24 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

For Verizon CEO Hans Vestberg, self-reflection is serious business. Vestberg started the routine in 2009 after becoming CEO of Swedish telecommunications company Ericsson, and he's done it "every day" since, he said. Each morning, Vestberg ranks his mood "from 1 to 10," he said, helping him get into the "right mood and right energy" to do his job. Jerry Colonna, an executive coach sometimes known as the "CEO whisperer," has a similar routine called "radical self-inquiry" that he says helps him make better decisions. "Spend a few minutes each day, but not the entire day, asking questions like how am I really feeling?

Persons: Hans Vestberg, Vestberg, He's, Jerry Colonna, Colonna, Juliette Han Organizations: Verizon, Fast, Ericsson, CNBC, Harvard

☆ Cramer's Lightning Round: Sell Joby Aviation
▼ + stars: | 2023-09-15 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Schlumberger's year-to-date stock performance. Stock Chart Icon Stock chart icon Avnet's year-to-date stock performance. Stock Chart Icon Stock chart icon Sea's year-to-date stock performance. I'm going to say you should sell, sell sell." Stock Chart Icon Stock chart icon Verizon's year-to-date stock performance.

Persons: it's, Joby, We're Organizations: Schlumberger, Joby, Discover, Mastercard, Verizon

The trial began Tuesday with talk of the "future of the internet" but quickly plunged into the weeds of commercial agreements with Android makers like Motorola and Samsung. James Kolotouros, a Google executive responsible for negotiating the company's agreements with Android device makers and carriers, testified late in the week that Google pressed Android smartphone makers to have Google as the default search engine and other Google apps pre-installed on their machines. The antitrust fight has major implications for Big Tech, which has spent years being scrutinized by Congress and antitrust enforcers. Google argues that its search engine is wildly popular because of its quality, and payments to wireless companies or others were compensation for partners. The government also questioned a former Google executive, Chris Barton, who was at Google from 2004 to 2011.

Persons: Department's, Brian Higgins, James Kolotouros, Google's John Schmidtlein, Kolotouros, Antonio Rangel, Chris Barton, Barton, Bing, Tim Wu, Diane Bartz, Chizu Organizations: Google, Verizon, Motorola, Samsung, Department, Big Tech, Companies, California Institute of Technology, Biden, Thomson Locations: Bing

☆ Cramer's Lightning Round: American Electric Power is a buy
▼ + stars: | 2023-09-08 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon American Electric Power's year-to-date stock performance. American Electric Power : "You buy it...This won't just be a smooth ride, 4.2% yield is good. Stock Chart Icon Stock chart icon Verizon's year-to-date stock performance. Stock Chart Icon Stock chart icon Churchill Downs' year-to-date stock performance. I'm going to say you want to buy DraftKings."

Persons: It's, Churchill Organizations: American Electric, Verizon, Churchill

☆ Citi upgrades Verizon and AT&T, says companies can support their nearly 8% dividend yields
▼ + stars: | 2023-08-29 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Telecommunication giants AT & T and Verizon are turning a corner that will make it easier for both companies to maintain their high dividend yields, according to Citi. Analyst Michael Rollins upgraded Verizon and AT & T to buy. "A variety of concerns have weighed on Telco sentiment and valuation, including competition, industry structure, higher rates and lead. We see a more constructive investment case for large-cap Telcos," Rollins wrote in a Monday note. Verizon yields 7.8% along with AT & T, FactSet data shows.

Persons: Michael Rollins, Rollins, — CNBC's Michael Bloom Organizations: AT, Verizon, Citi, VZ, Street

☆ Verizon has a new way for customers to block email-to-text spam messages
▼ + stars: | 2023-08-29 | by ( Lauren Feiner | ) www.cnbc.com time to read: +1 min

Verizon has created a way for customers to block spam text messages from email accounts with just a single text, the company announced Tuesday. Verizon customers can text "OFF" to 4040 to block email-to-text messages, more than 80% of which are identified as spam, the carrier said. This simplifies the earlier process that Verizon had in place for turning off email-to-text messages. Text spam has been a persistent issue in the U.S. in recent years. Verizon said users who change their minds about opting out can begin receiving email-to-text messages again by texting "ON" to 4040.

Organizations: Verizon, Federal Communications Commission, FCC Locations: U.S

☆ Verizon just lost another senior marketing exec
▼ + stars: | 2023-08-22 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

Verizon senior vice president of consumer marketing Nina Bibby is set to leave the company. Her impending departure comes months after that of former Verizon CMO Diego Scotti. Verizon's senior vice president of consumer marketing Nina Bibby has decided to leave the business to return to the UK from the US, a spokesperson for the company confirmed. Chief strategy officer and executive vice president Rima Qureshi stepped in to lead the centarl marketing team on an interim basis. Read the full email from Frank Boulben, chief revenue officer for Verizon Consumer Group, about Nina Bibby's departure below:Team -Nina Bibby, SVP of Consumer Marketing, has decided to return to the UK with her family and will be leaving Verizon.

Persons: Nina Bibby, Verizon's, Bibby, Arturo Picicci, Frank Boulben, ., Diego, Rima Qureshi, Hans Vestberg, Nina Bibby's, Nina, Frank Organizations: Verizon, Verizon CMO Diego Scotti . Telecommunications, LinkedIn, Verizon Consumer Group, . Bibby, O2, Virgin Media, Street Journal, Verizon Wireless, Mobile, Consumer Marketing, Revenue Locations: Boulben

☆ Verizon signs technology deal with HCLTech
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

Signage is seen at a Verizon store in Manhattan, New York City, U.S., November 22, 2021. 1 U.S. telecom company by subscribers, said on Thursday it had signed a technology deal with India's HCLTech (HCLT.NS) to help manage networks for business customers in a bid to stem a decline in its wireline business. Verizon's wireline business, which includes selling to business customers, has been a drag on its revenue for several years. Under the terms of the deal, Verizon Business will lead sales and development, while HCLTech will take care of post-sale network roll-out and support. Some Verizon employees will also move to HCLTech.

Persons: Andrew Kelly, India's, Scott Lawrence, HCLTech, Lawrence, Supantha Mukherjee, Mark Potter Organizations: Verizon, REUTERS, Verizon Business, Thomson Locations: Manhattan , New York City, U.S, Stockholm

☆ Cramer's Lightning Round: Verizon is 'going nowhere'
▼ + stars: | 2023-08-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Verizon's year-to-date stock performance. Stock Chart Icon Stock chart icon Pacwest Bancorp's year-to-date stock performance. Stock Chart Icon Stock chart icon U-Haul's year-to-date stock performance. Stock Chart Icon Stock chart icon BP's year-to-date stock performance. Stock Chart Icon Stock chart icon Evolv's year-to-date stock performance.

Persons: Pacwest, it's, You've Organizations: Verizon, Pacwest Bancorp

☆ Verizon profit beats on lower costs, surprise rise in wireless users
▼ + stars: | 2023-07-25 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

July 25 (Reuters) - Verizon (VZ.N) beat quarterly profit estimates on Tuesday on the back of lower costs and a surprise rise in wireless subscribers as efforts to grow its enterprise customer base and super-fast 5G network paid off. They are still down about 5% since the July 9 Wall Street Journal report, which also named AT&T (T.N) among firms that left behind the potentially toxic lead cables. Free cash flow, a metric closely watched by investors to help determine dividend payouts, came in at $5.6 billion, above estimates of $5.05 billion, according to Visible Alpha. Total revenue fell 3.5% to $32.6 billion, missing analysts' estimates of $33.24 billion, according to Refinitiv data. Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Anil D'Silva and Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Anthony Skiadas, Hargreaves, Matt Britzman, Verizon's, Samrhitha, Anil D'Silva Organizations: Verizon, Alpha, Consolidated, Thomson Locations: Bengaluru

☆ NXP has had 'tremendous run' for past 18 months, says Claro Advisors' Ryan Belanger
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNXP has had 'tremendous run' for past 18 months, says Claro Advisors' Ryan BelangerRyan Belanger, founder a managing principal at Claro Advisors, joins 'The Exchange' to discuss NXP's exposure to automotive chips and the Internet of Things, the impact of led cables exposure on Verizon's earnings, and how to trade the drawback in home sales.

Persons: NXP, Ryan Belanger Ryan Belanger Organizations: Claro, Claro Advisors

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