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Last $49.25 USD
Change Today +0.03 / 0.06%
Volume 6.3M
VZ On Other Exchanges
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As of 1:34 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

verizon communications inc (VZ) Key Developments

Verizon Communications Inc. Presents at Sanford C. Bernstein Thirty-First Annual Strategic Decisions Conference 2015, May-27-2015

Verizon Communications Inc. Presents at Sanford C. Bernstein Thirty-First Annual Strategic Decisions Conference 2015, May-27-2015 . Venue: The Waldorf Astoria Hotel, 301 Park Avenue (between 49th and 50th Street), New York, New York, United States.

Nimbo LLC Signs Major Account Agreement with Verizon Wireless

Nimbo LLC signed a Major Account Agreement with Verizon Wireless. This agreement establishes Nimbo LLC within Verizon's partner program for the marketing of Nimbo's products and services over Verizon's national wireless services. The Partnership Program includes the sharing of sales leads through the Verizon Wireless sales and support organization that covers the major automotive dealer markets across the United States.

Cablevision Systems Corp. Files New Lawsuit Against Verizon Communications Inc

Cablevision Systems Corp. filed a new lawsuit against Verizon Communications Inc. over FiOS ads. The Cablevision announced statement that it is seeking a declaratory judgment that will allow the company to continue running messages that expose Verizon's false and misleading marketing claim about FiOS, particularly the claims that the carrier's service uses 100% fiber optics. The latest lawsuit was filed in the federal court for the Southern District of New York. In January, Cablevision filed a separate lawsuit in the Eastern District of New York against Verizon, seeking an end to the carrier's allegedly deceptive advertising claims about Wi-Fi service.

Cogent and Verizon Enters into Bilateral Commercial Interconnection Agreement Related to their Public IP Networks

Cogent and Verizon entered into a bilateral commercial interconnection agreement related to their public IP networks. The interconnection agreement ensures customers on the two networks can continue to exchange data in an effective and efficient manner. As the Internet continues to grow and evolve, Internet service providers are negotiating business agreements that allow exchange of Internet traffic in a scalable, resilient and reliable manner. Focusing on the customer, this agreement allows consumers of both Cogent and Verizon to enjoy high-performance speeds to enable new, high-bandwidth applications. The agreement contains provisions to add capacity and establish new interconnection locations between the two networks to stay ahead of growing traffic demands. The agreement also includes new connections for Verizon Digital Media Services' content delivery network to connect to Cogent's network globally, further improving quality for Verizon's CDN customers and Cogent's customers. This approach offers flexibility for each network while improving performance and reliability for the customers of both.

Verizon Communications Inc. Announces Management Changes

Randy Milch, executive vice president and strategic policy adviser to Lowell McAdam, chairman and CEO of Verizon Communications Inc. has announced plans to retire later in May 2015. Since the beginning of 2015, Milch had responsibility for overseeing strategic policy initiatives. Prior to that, he had served as executive vice president, public policy and general counsel from October 2008. Over his 21-year career with Verizon and its predecessor companies, Milch resolved key legal and policy issues that have paved the way for Verizon's transition from a regulated phone company to a premier technology company in the digital age. Craig Silliman, Verizon's executive vice president, public policy and general counsel since January 1, 2015, will assume Milch's role as strategic policy adviser.

 

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VZ

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Valuation VZ Industry Range
Price/Earnings 20.7x
Price/Sales 1.6x
Price/Book 21.6x
Price/Cash Flow 7.7x
TEV/Sales 0.6x
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