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VERIZON COMMUNICATIONS

(VZ)
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Real-time Estimate Cboe BZX  -  01:42:20 2023-02-01 pm EST
41.47 USD   -0.24%
01:00pEpic phone. Epic network. Epic deal on the new Samsung Galaxy S23
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08:32aVerizon receives high marks in network performance from nation's leading analysis company
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08:31aVerizon receives high marks in network performance from nation's leading analysis company
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Verizon Successfully Completed Lab Trials Using 200 MHz of C-Band Spectrum to Provide Remarkable 5G Speeds and Performance

09/12/2022 | 09:00am EST

Verizon has successfully completed lab trials using 200 MHz of C-band spectrum to provide remarkable 5G speeds and performance. Just last month, Verizon announced it was beginning to deploy 5G over 100 MHz of the spectrum – a significant increase from the 60 MHz of spectrum it has deployed in 5G markets to date. This next move will more than triple the spectrum available for 5G Ultra Wideband in many markets.

Increasing the amount of C-band spectrum being used turbo charges Verizon's 5G service, offering significantly higher speeds, much greater capacity to accommodate more customers and more robust services, and allows Verizon to offer 5G Home broadband and Business Internet services to more customers. Verizon won C-Band licenses for between 140-200 MHz in all available markets, and began in the first 46 areas deploying up to 60 MHz. Over the next few years as additional spectrum is cleared by satellite companies, Verizon will be able to deploy 5G Ultra Wideband on all available bandwidth that it has licensed, up to 200 MHz.

Every piece of equipment being deployed today is capable of the full 200MHz of bandwidth. With the recent acquisition of C-band spectrum, Verizon now leads the industry with the strongest spectrum portfolio across low, mid and high band spectrum. Verizon holds a total of 2,035 MHz of spectrum – 294 MHz in Sub 6 GHz spectrum (low and mid band) and 1,741 MHz of mmWave spectrum (high band).

Low band: Verizon's low band spectrum (nationwide 700 MHz licenses and 850 MHz spectrum) continues to provide the best 4G LTE experience in the industry and now also supports nationwide 5G service, giving customers in over 2,700 markets access to 5G. Low band signals travel great distances and penetrate through walls and dense foliage very effectively. High band: Verizon's mmWave build is a critical differentiator and the company continues to expand its mmWave footprint to deliver game changing experiences for the densest parts of the network.

mmWave brings the benefits of exceptionally accurate signal waves leading to greater efficiency and less interference for customers, and also boasts huge capacity. mmWave service is ideal to deliver 5G service in high-usage areas like cities, venues, and stadiums for years to come. Mid-band: Verizon's mid-band spectrum assets include AWS, PCS, CBRS and C-band spectrum.

C-band provides a valuable middle ground between capacity and coverage for 5G networks, and is enabling greater speeds than 5G on low band spectrum and greater coverage than mmWave spectrum for both mobility and home broadband solutions. The addition of C-band spectrum paves the way for Verizon to provide its differentiated service of 5G Ultra Wideband service to 250 million customers. Verizon's strong spectrum position is a result of multi-year strategic planning and investment.

Having access to the strongest spectrum portfolio in the market is only half the battle, though. For many years, Verizon has been innovative and creative in its network build to use the spectrum in its portfolio in the most efficient way possible, providing the best experience for customers while carefully controlling deployment and operational costs and maximizing advanced technologies to squeeze every possible speed and capacity benefit from its spectrum resources.


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Analyst Recommendations on VERIZON COMMUNICATIONS
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Financials (USD)
Sales 2022 137 B - -
Net income 2022 19 732 M - -
Net Debt 2022 147 B - -
P/E ratio 2022 8,87x
Yield 2022 6,21%
Capitalization 175 B 175 B -
EV / Sales 2022 2,35x
EV / Sales 2023 2,29x
Nbr of Employees 117 100
Free-Float 97,8%
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Technical analysis trends VERIZON COMMUNICATIONS
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 29
Last Close Price 41,57 $
Average target price 45,83 $
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis CFO-Operations Finance & Senior Vice President
Kyle J. Malady Vice President-New Product Development
Shankar Arumugavelu Chief Information Officer & SVP-Verizon Wireless
Craig Silliman Chief Administrative Officer & Executive VP