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Verizon Announces Availability of LG V40 ThinQ Smartphone

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Verizon Communications Inc. (VZ - Free Report) announced that LG Electronics Inc.’s recently launched LG V40 ThinQ will be available for pre-order starting Oct 11. This five-camera smartphone will also be available at Verizon store from Oct 18. Notably, the smartphone will be available through Verizon’s device payment option, starting from $40.83 per month on a 24-month basis. Also, customers can get the device for $979.99 through outright purchase option.

Verizon confirmed the availability of the smartphone immediately after the official announcement of LG’s latest V40 ThinQ smartphone. Featuring three rear cameras along with a dual camera setup on the front, the V40 ThinQ will enable users to enjoy superior camera experience. An impressive 6.4” display with immersive 3D surround sound and the capability of capturing simultaneous photo from multiple cameras are the other notable features of this smartphone.

As a matter of fact, Verizon will offer several deals to the customers who are interested in purchasing the smartphone. Notably, customers who pre-order V40 ThinQ from Verizon between Oct 11 and Oct 17 will be eligible to receive a free SanDisk Ultra 256GB microSDXC memory card and a DJI OSMO Mobile 2 Gimbal.

Moreover, the company is looking to offer $200 off per smartphone to new as well as existing customers on condition that the purchase has to be made through Verizon device payment. In addition, customers switching to Verizon and trading in their old phone can save up to $300. Per the company, both of these deals are for limited time period.

Our Take

Verizon has been forging ahead with the expansion of its fiber optics networks to support 4G LTE and upcoming 5G wireless standards as well as wireline connections. Additionally, the company has an encouraging fundamental growth outlook based on increasingly favorable prospects for its Wireless business and the possibility of improved Wireline operations. The company is likely to keep gaining from its focus on expanding in the retail post-paid market, increasing smartphone penetration and selling more Internet devices such as tablets.

Moreover, the Zacks Rank #3 (Hold) company’s efforts, such as improving operating and capital efficiencies, bode well. Also, Verizon 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, the company’s current focus on online content delivery, mobile video and online advertising should drive growth.

In the past six months, the company has returned 12.6%, compared with the industry’s increase of 6.0%.

However, in an effort to expand its customer base, Verizon is spending heavily on promotion and also offering lucrative discounts, which are weighing on margins.

Key Picks

Some better-ranked stocks in the same space are United States Cellular Corporation (USM - Free Report) , Telenav, Inc. (TNAV - Free Report) and Windstream Holdings, Inc. (WIN - Free Report) . While United States Cellular 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.

United States Cellular surpassed estimates in each of the trailing four quarters, with an average positive earnings surprise of 340.40%.

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%.

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