Verizon
OverviewSuggest Edit
Verizon Communications (formerly Bell Atlantic) is a company providing communications, information, and entertainment products and services. It operates as 2 strategic business units: Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment offers wireless and wireline communications services and equipment as well as sells residential fixed connectivity solutions, including Internet, video and voice services, and wireless network access to resellers on a wholesale basis. The Business segment provides wireless and wireline products and services organized by the primary customer groups: Global Enterprise, Small and Medium Business, Public Sector and Other, and Wholesale. It also commercializes communications products and enhanced services, including video and data services, corporate networking solutions, security and managed network services, local and long-distance voice services, and network access to deliver various IoT products and services.
| Type | Public | |
| Founded | 1983 | |
| HQ | New York, US | Map |
| Website | verizon.com |
Recent NewsAll News
- M2M Services in Retail Market 2018: Global Analysis by Key Players – AT&T, Verizon Communications, Vodafone, Carriots
- Global Legal Process Outsourcing Industry Market-2018 Production: Trimble , Verizon Communications , Cisco Systems , Oracle Corporation
- Defence Cyber Security 2018 Global Market Key Players -Dell Secure Works, IBM, Intel Security, Symantec, Cisco Systems, Verizon Communications......
- Creative Research Report on IoT Telecom Services Market with Size, Industry Policies, Share, Challenges, Demand, Key players- AT&T, Inc., Ericsson, Verizon Communications, Inc., Sprint Corporation
Key People/Management at Verizon
Morgan Stanley
Investor
Hans Vestberg
Chairman and Chief Executive Officer
Ronan Dunne
Executive Vice President and Group CEO—Verizon Consumer
Matthew D. Ellis
Executive Vice President and Chief Financial Officer
Tami Erwin
Executive Vice President and Group CEO—Verizon Business
James J. Gerace
Chief Communications Officer
Verizon Office Locations
Verizon has offices in New York, Alpharetta, Bernards, Chandler and in 32 other locations
New York, US (HQ)
1095 6th Ave
Alpharetta, US
1 1 Verizon Pl
Bernards, US
1 Verizon Way, Basking Ridge
Chandler, US
6955 W Morelos Pl
Charlotte, US
2401 Sardis Rd N
El Paso, US
11950 Don Haskins Dr
Verizon Financials and Metrics
Verizon Revenue
Verizon's revenue was reported to be $131.87 b in FY, 2019
| USD | |
|---|---|
Revenue (Q1, 2020) | 31.6b |
Net income (Q1, 2020) | 4.3b |
EBIT (Q1, 2020) | 6.6b |
Market capitalization (28-May-2020) | 230.6b |
Closing stock price (28-May-2020) | 55.7 |
Cash (31-Mar-2020) | 7.0b |
EV | 362.7b |
Verizon's current market capitalization is $230.6 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 29.8b | 30.5b | 31.7b | 31.8b | 32.2b | 32.6b | 32.1b | 32.1b | 32.9b | 31.6b |
Cost of goods sold | 11.7b | 12.1b | 12.6b | 13.3b | 13.6b | 13.3b | 13.0b | 12.7b | 13.4b | |
Gross profit | 18.1b | 18.4b | 19.1b | 18.5b | 18.6b | 19.3b | 19.1b | 19.4b | 19.5b | |
Gross profit Margin, % | 61% | 60% | 60% | 58% | 58% | 59% | 60% | 60% | 59% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 4.3b | 4.6b | 4.5b | 1.9b | 1.8b | 2.5b | 2.3b | 1.9b | 3.0b | 7.0b |
Accounts Receivable | 16.9b | 19.8b | 21.5b | 22.6b | 23.1b | 24.0b | 24.5b | 24.9b | 24.7b | 23.8b |
Prepaid Expenses | 4.6b | 3.4b | 3.3b | 5.2b | 4.9b | 5.3b | 5.2b | 5.3b | 5.6b | 8.2b |
Inventories | 1.2b | 1.1b | 1.3b | 1.3b | 1.1b | 1.3b | 1.4b | 1.2b | 1.5b | 1.6b |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 3.6b | 8.0b | 11.8b | 4.7b | 8.9b | 14.0b | 5.2b | 9.2b | 14.6b | 4.3b |
Depreciation and Amortization | 4.1b | 8.2b | 12.5b | 4.3b | 8.7b | 13.1b | 4.2b | 8.5b | 12.6b | 4.2b |
Cash From Operating Activities | 1.7b | 9.9b | 17.2b | 6.6b | 16.4b | 26.2b | 7.1b | 15.8b | 26.7b | 8.8b |
Capital Expenditures | (3.1b) | (7.0b) | (11.3b) | (4.6b) | (7.8b) | (12.0b) | (4.3b) | (8.0b) | (12.3b) |
| USD | Y, 2020 |
|---|---|
EV/EBIT | 55.1 x |
EV/CFO | 41.1 x |
Financial Leverage | 4.8 x |
Verizon Operating Metrics
Verizon's Connections, wireless was reported to be 93.9 m in Q3, 2019.
| FY, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Connections, wireless | 108.21 m | 108.58 m | 109.55 m | 110.76 m | 112.11 m | 112.57 m | 113.15 m | 113.68 m | 114.24 m | 113.91 m | 114.54 m | 115.27 m | 116.26 m | 116.18 m | 116.45 m | 116.87 m | 118 m | 117.89 m | 118.12 m | 93.92 m |
Postpaid Connections, wireless | 102.08 m | 102.64 m | 103.73 m | 105.02 m | 106.53 m | 107.17 m | 107.78 m | 108.22 m | 108.80 m | 108.48 m | 109.09 m | 109.69 m | 110.85 m | 111.11 m | 111.62 m | 112.14 m | 113.35 m | 113.41 m | 113.85 m | 89.74 m |
Postpaid Accounts | 35.62 m | 35.52 m | 35.56 m | 35.68 m | 35.74 m | 35.72 m | 35.64 m | 35.53 m | 35.41 m | 35.27 m | 35.33 m | 35.36 m | 35.40 m | 35.33 m | 35.31 m | 35.31 m | 35.43 m | 35.34 m | 35.35 m | 33.90 m |
Postpaid ARPA | $159.86 | $156.14 | $154.93 | $154.08 | $152.63 | $145.34 | $145.09 | $144.94 | $144.32 | $136.98 | $134.89 | $136.31 | $135.99 | $131.71 | $134.56 | $136.58 | $134.49 | $136.68 | $137.24 | $118.89 |
Verizon Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Blue Jeans Network | April 16, 2020 | $500 m |
| Vidder | November 16, 2018 | |
| Moment | April 19, 2018 | |
| Niddel | January 05, 2018 | |
| WideOpenWest - Fiber-Optic Network | December 14, 2017 | $225 m |
| Straight Path Communications | May 11, 2017 | $3.10 b |
| Skyward | February 16, 2017 | |
| LQD WiFi | November 24, 2016 | |
| Vessel | October 26, 2016 | |
| Sensity Systems | September 12, 2016 |
Verizon Revenue Breakdown
Verizon revenue breakdown by business segment: 8.3% from Corporate and Other, 22.5% from Wireline and 69.3% from Wireless
Verizon Online and Social Media Presence
1.7m Twitter followers
Verizon has 1.7m Twitter Followers. The number of followers has increased 0.3% month over month and increased 155.9% quarter over quarter
Verizon's Trends
Twitter Engagement Stats for @verizon
129.9k
Tweets
404
Following
1.7m
Followers
826
Tweets last 30 days
4
Avg. likes per Tweet
53.8%
Tweets with engagement
Verizon News and Updates
October 11, 2018
M2M Services in Retail Market 2018: Global Analysis by Key Players – AT&T, Verizon Communications, Vodafone, Carriots
Wiseguyreports.Com Publish New Market Research Report On -“M2M Services in Retail Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2025” Posted via Industry Today. Follow us on Twitter @IndustryToday
October 10, 2018
Global Legal Process Outsourcing Industry Market-2018 Production: Trimble , Verizon Communications , Cisco Systems , Oracle Corporation
Examination of Legal Process Outsourcing Industry market and its up and coming development prospects is been said with most extreme exactness. This examination incorporates an elaborative outline of Legal Process Outsourcing Industry showcase which additionally incorporates depictions that offer pro…
September 27, 2018
Defence Cyber Security 2018 Global Market Key Players -Dell Secure Works, IBM, Intel Security, Symantec, Cisco Systems, Verizon Communications......
Defence Cyber Security – Global Market Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
September 24, 2018
Creative Research Report on IoT Telecom Services Market with Size, Industry Policies, Share, Challenges, Demand, Key players- AT&T, Inc., Ericsson, Verizon Communications, Inc., Sprint Corporation
The Global IoT Telecom Services Market Research Report Forecast 2018-2023 is a valuable source of insightful data for business strategists. It provides the IoT Telecom Services industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable…
September 10, 2018
Telecom Managed Services Market 2018 Global Analysis By Key Players – Cisco Systems, Ericsson Ab, Huawei Technologies Co., Verizon Communications, At&T Inc.
WiseGuyReports.Com Publish a New Market Research Report On –“ Telecom Managed Services Market 2018 Global Analysis By Key Players – Cisco Systems, Ericsson Ab, Huawei Technologies Co., Verizon Communications, At&T Inc.”. Posted via Industry Today. Follow us on Twitter @IndustryToday
September 07, 2018
Defence Cyber Security 2018 Global Market Key Players -Dell Secure Works, IBM, Intel Security, Symantec, Cisco Systems, Verizon Communications.......
Defence Cyber Security – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2025 Posted via Industry Today. Follow us on Twitter @IndustryToday
Verizon Frequently Asked Questions
When was Verizon founded?
Verizon was founded in 1983.
Who are Verizon key executives?
Verizon's key executives are Morgan Stanley, Hans Vestberg and Ronan Dunne.
How many employees does Verizon have?
Verizon has 135,000 employees.
What is Verizon revenue?
Latest Verizon annual revenue is $131.9 b.
What is Verizon revenue per employee?
Latest Verizon revenue per employee is $976.8 k.
Who are Verizon competitors?
Competitors of Verizon include Frontier Communications, Orange and AT&T.
Where is Verizon headquarters?
Verizon headquarters is located at 1095 6th Ave, New York.
Where are Verizon offices?
Verizon has offices in New York, Alpharetta, Bernards, Chandler and in 32 other locations.
How many offices does Verizon have?
Verizon has 38 offices.
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