Verizon Falls 6% as Earnings Fall in Q1 2022, Lowers Prior Guidance
(Verizon) Shares of Verizon Communicates traded 6% lower on Friday after reporting an EPS of $1.09 in the first quarter of 2020, lower than $1.27 in the prior year. The…
Casa Systems Soars 58% After a Multi-Year Contract Award by Verizon
(Casa Systems) Shares of Casa Systems Inc. rose more than 58% on Monday after being awarded a multi-year 5G contract by Verizon. Under the deal, Casa Systems will provide Verizon…
Verizon Upgrades FY21 Guidance as Net Income Rises 45.5% in the Third Quarter
(Verizon) Verizon Communications Inc.’s net income hit $6.6 billion in the third quarter of 2021, up 45.5% from the comparable quarter of 2020. Earnings per share of $1.55 was reported…
Verizon (VZ) Stock Price Forecast: Levels to Watch After Earnings
The Verizon (VZ) stock price has bounced back in the past few days as investors wait for the company’s third-quarter earnings. It is trading at $52.35, which is about 3%…
Ericsson Enters into $8.3 Billion Deal with Verizon for 5G Network
(Ericsson.com) Telecom’s gear maker Ericsson has agreed to a $8.3 billion deal with Verizon Communications for the deployment of a 5G network in the US. Ericsson is expected to deliver…