![]() The stock reached a closing price of $56.53 on July 5th, 2016. In 2016, the stock closed at $53.38 on December 30th. The strong increase of more than 15% between October 2009 and October 2010 shows the strong post-stock market crisis performance of Verizon’s stock.Ģ013 stands out in terms of soaring prices of Verizon’s stock, an increase of well above 9%, from $49.15 on March 28th, 2013, to $53.91 on April 30th, 2013.Įver since, Verizon stock has performed solidly, closing at $46.78 on December 31st, 2014, and at $46.22 one year later. On August 10th, 2010, the stock passed the mark of $30.00 to close at $30.02 and has not fallen beneath $30.00 since August 31th, 2010. However, markets started to move upwards again. Year over year, Verizon stock price almost stagnated and was traded around $28 in October 2009. The way out of this bear market was difficult. It took a while until confidence among investors could be restored. One year later, when the company’s stock closed at $23.52 on October 24th, 2008, the stock value had declined by 45%. After this temporary weaker period, Verizon stock price rallied to reach $42.93 on October 29th, 2007. The upward trend in 2004 was followed by a period of falling stock prices which bottomed out on October 20th, 2005, when the stock was listed at $26.23. ![]() Verizon revenue growth has Wall Street interested and its market capitalization increasing.ĭuring the following years, Verizon stock price did not perform well. Verizon Communications Inc., providing internet to its customers in the United States, was profiting from the unstoppable Internet boom. This positive trend intensified and by January 6th, 2003, the stock closed at $39.59. It was not until October that Verizon stock price rose above the $30 mark again. By the end of 2001, Verizon stock price began to fall and reached a low in July 2002, when Verizon stock price was only at $24.67. However, this downward trend soon stopped, Verizon stock price went up a bit, and remained fairly stable throughout the first three quarters of 2001, where Verizon stock price stayed at $50. This was in line with other telecom companies which were not considered stocks to buy at the time. Verizon and Wall Street was not satisfied with the development of the stock during the first year. By the end of July 2000, the stock was only worth $42.04. Fortunes will be made.The initial euphoria, which drove Verizon stock price up to $48.39 by the end of the first day, subsided after a few weeks. Infrastructure Stock Boom to Sweep AmericaĪ massive push to rebuild the crumbling U.S. The stock has returned 18.4% in the past year. Sierra Wireless pulled off a trailing four-quarter earnings surprise of 58%, on average. The consensus mark for current-year earnings has been revised upward by 237.5% over the past 60 days. It has appreciated 27.5% in the past year. Qualcomm delivered a trailing four-quarter earnings surprise of 12.2%, on average. The consensus estimate for current-year earnings has been revised upward by 12.2% over the past 60 days. QCOM, carrying a Zacks Rank #2 (Buy), is another solid pick for investors. The Zacks Consensus Estimate for its current-year earnings has been revised 20.5% upward over the past 60 days.Ĭlearfield delivered a trailing four-quarter earnings surprise of 50.7%, on average. CLFD is a better-ranked stock in the telecom space, sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ĭlearfield, Inc. VZ currently carries a Zacks Rank #3 (Hold). Its disciplined network strategy for long-term sustainable growth and operational execution is noteworthy. Verizon’s investment in the 5G Ultra Wideband enables people to experience unmatched speed on their phones and in homes. This excludes the impact of the sale of Verizon Media and the company’s ownership of TracFone. Verizon expects to generate service and other revenue growth of around 3% in 2022. The expansion of Verizon’s C-Band coverage provides growth opportunities in broadband, with more than 150,000 net additions expected for fixed wireless access in first-quarter 2022. Verizon’s On Site LTE and 5G solution provides customers an on-premises cellular wireless network to run critical business operations. Verizon Business announced a networking solution with Celona that will accelerate the use of private 5G to support business initiatives. ![]() It expects the product to generate significant revenues from subscriptions and boost customer loyalty. Verizon introduced +play, a new ultra innovation content hub exclusive to its customers, with an expected commercial launch later this year. The partnership with Meta combines Verizon’s 5G Ultra Wideband network and edge compute capability with Meta’s technology for metaverse applications. Verizon’s future-proof network is built on strong demand for mobility, broadband and cloud. ![]()
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