Check out BullDigest's May 7 Pre-Market Summary of Verizon Communications Inc.. We provide a summary of the key news before the market opens.
Verizon is committed to maintaining customer connectivity during severe weather events via a resilient network, specialized response teams, and community support. Their network covers 99% of populated areas and includes backup power at all macro cell sites, redundant fiber routes, and 1,000+ mobile generators.
Verizon has nearly 3,000 deployable network and satellite assets, including mobile cell sites and command centers, plus HAZMAT-trained engineers and a 24/7 Global Event Management Center. Satellite technology provides critical connectivity during cellular network outages, allowing all Verizon customers with compatible devices to send text messages via satellite if terrestrial cellular network service is interrupted.
The Verizon Frontline Crisis Response Team, composed of former first responders, offers free mission-critical communications support to public safety agencies. In 2024, they responded to 1,500+ requests from 800+ agencies across 46 states, and in the first four months of 2025, have already responded to nearly 400 requests.
Verizon also launched the Verizon Frontline Network Slice, a dedicated 5G Ultra Wideband virtual network for public safety, offering dedicated capacity, tailored performance, and enhanced reliability.
Verizon is expanding community support through flood sensor technology (Hyfi partnership, deployed in New Orleans), the Citizen Verizon Disaster Preparedness Challenge (MIT Solve partnership), and partnerships with United Way and Habitat for Humanity for disaster preparation, response, and recovery services in 15 cities.
Copper wire theft is disrupting landline phone service, especially affecting seniors in South Los Angeles, CA. Residents have experienced extended outages, impacting life alert services and home security. AT&T acknowledges an increase in copper theft and is working with public safety.
The LA City Council created a task force in 2024, leading to arrests and recovery of stolen copper. AT&T is offering up to a $5,000 reward for information leading to the arrest and conviction of copper cable thieves.
Verizon's stock (ticker symbol not provided) dipped 0.7% on Monday despite overall bullish analyst sentiment. Brokerage updates nudged target prices upward, average target now $47.41, with Tigress Financial setting a $56 target.
Recent earnings beat estimates ($1.19 EPS), and revenue reached $33.5 billion. Verizon maintains a 6.22% dividend yield.
This summary underscores the strategic importance of network reliability, infrastructure security, and innovation in maintaining market leadership and customer trust in the telecommunications sector.