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Verizon (VZ) Lifts Data Restrictions on First Responders
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Verizon Communications Inc. (VZ - Free Report) recently decided to offer an unlimited data plan to the first responders in the massive California wildfire. Notably, it decided not to impose any restrictions on mobile data speed on first responders, enabling them to meet network access requirements. The move came as part of the company’s effort to improve its data speed offering to first responders working in the area, which had slowed down earlier.
Also, as Hurricane Lane wreaked havoc on Hawaii, the company decided to offer free calling, texting and data to its postpaid and prepaid customers residing in the state. This will help to meet the network requirements of the first responders for safety and security of Hawaii residents.
Existing Business Scenario
Verizon expects considerable business growth in both its Wireless and Wireline businesses going forward. The company anticipates healthy improvement in margins on the back of the expected savings from tax reform as well as continued strong FiOS fiber-optic network and strategic services in the Wireline business. Its efforts to improve profitable growth include improving operating and capital efficiency. Also, the company is looking forward to capitalize on the countless innovative technology solutions being developed in the Internet of Things and telematics ecosystem across multiple industries. Further, Verizon’s current focus on online content delivery, mobile video and online advertising should drive growth.
Moreover, the company has been forging ahead to expand its fiber optics networks to support 4G LTE and upcoming 5G wireless standards as well as wireline connections. Moreover, it has an attractive fundamental outlook based on increasingly favorable growth prospects for Wireless business and the possibility of improved performance from Wireline operations. Verizon is likely to continue achieving growth and profitability with a focus on gaining share in the retail post-paid market, increasing penetration of smartphones and selling more Internet devices such as tablets.
The Zacks Rank #3 (Hold) stock has returned 12.9% in the past three months, outperforming the industry’s growth of 8.5%.
However, the company’s Wireline division is struggling with persistent losses in access lines owing to competitive pressure from voice-over-Internet protocol service providers and aggressive triple-play offerings by cable companies.
Stocks to Consider
Some better-ranked stocks in the same space are AT&T Inc. (T - Free Report) , Telenav, Inc. and Windstream Holdings, Inc. . While AT&T sports a Zacks Rank #1 (Strong Buy), Telenav and Windstream Holdings carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AT&T surpassed estimates twice in the trailing four quarters with an average positive earnings surprise of 5.86%.
Telenav outpaced estimates in each of the preceding four quarters with an average earnings surprise of 3.72%.
Windstream Holdings exceeded estimates twice in the preceding four quarters with an average earnings surprise of 23.50%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Verizon (VZ) Lifts Data Restrictions on First Responders
Verizon Communications Inc. (VZ - Free Report) recently decided to offer an unlimited data plan to the first responders in the massive California wildfire. Notably, it decided not to impose any restrictions on mobile data speed on first responders, enabling them to meet network access requirements. The move came as part of the company’s effort to improve its data speed offering to first responders working in the area, which had slowed down earlier.
Also, as Hurricane Lane wreaked havoc on Hawaii, the company decided to offer free calling, texting and data to its postpaid and prepaid customers residing in the state. This will help to meet the network requirements of the first responders for safety and security of Hawaii residents.
Existing Business Scenario
Verizon expects considerable business growth in both its Wireless and Wireline businesses going forward. The company anticipates healthy improvement in margins on the back of the expected savings from tax reform as well as continued strong FiOS fiber-optic network and strategic services in the Wireline business. Its efforts to improve profitable growth include improving operating and capital efficiency. Also, the company is looking forward to capitalize on the countless innovative technology solutions being developed in the Internet of Things and telematics ecosystem across multiple industries. Further, Verizon’s current focus on online content delivery, mobile video and online advertising should drive growth.
Moreover, the company has been forging ahead to expand its fiber optics networks to support 4G LTE and upcoming 5G wireless standards as well as wireline connections. Moreover, it has an attractive fundamental outlook based on increasingly favorable growth prospects for Wireless business and the possibility of improved performance from Wireline operations. Verizon is likely to continue achieving growth and profitability with a focus on gaining share in the retail post-paid market, increasing penetration of smartphones and selling more Internet devices such as tablets.
The Zacks Rank #3 (Hold) stock has returned 12.9% in the past three months, outperforming the industry’s growth of 8.5%.
However, the company’s Wireline division is struggling with persistent losses in access lines owing to competitive pressure from voice-over-Internet protocol service providers and aggressive triple-play offerings by cable companies.
Stocks to Consider
Some better-ranked stocks in the same space are AT&T Inc. (T - Free Report) , Telenav, Inc. and Windstream Holdings, Inc. . While AT&T sports a Zacks Rank #1 (Strong Buy), Telenav and Windstream Holdings carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AT&T surpassed estimates twice in the trailing four quarters with an average positive earnings surprise of 5.86%.
Telenav outpaced estimates in each of the preceding four quarters with an average earnings surprise of 3.72%.
Windstream Holdings exceeded estimates twice in the preceding four quarters with an average earnings surprise of 23.50%.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>