Verizon Communications Inc. (VZ) remains a top contender within the Dow Stocks for the upcoming twelve months. Despite recent insider selling that led to a brief 1.1% dip in shares, the company recovered. Insiders like Kyle Malady sold 7,500 shares of stock, whereas California State Teachers Retirement System released around 217,621 shares. Verizon was a favorite with institutional investors who own nearly 64% of the firm. It recently launched the SD-WAN for Federal Agencies, boosting its position further. However, Jim Cramer seemed to have mixed feelings about Verizon. While he commended Verizon's turnaround and the potential Samsung deal, he also recommended AT&T over Verizon. With its recent strategic partnerships, Verizon's business plans seem robust. They have partnered with Google to enhance sales, and Rescue 42, aiming to enhance public safety solutions. Further, Verizon has introduced a portable 5G network; however, it resulted in a 4% fall in shares. Yet, analysts imply Verizon is a strong momentum stock and a safe buy for long-term passive income due to its resilience. Yet, some experts caution about Verizon's meaningful debt burden. The quarterly earnings surpassed estimates, with revenue climbing to US$33 billion and earnings per share at US$1.15. Overall, Verizon's future outlook seems promising yet filled with some challenges.
Verizon Communications VZ News Analytics from Wed, 12 Mar 2025 07:00:00 GMT to Sat, 03 May 2025 20:24:52 GMT -
Rating 2
- Innovation 5
- Information 7
- Rumor -2
