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Stock Market & Financial Investment News

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July 10, 2014
15:11 EDTVZVerizon Q2 postpay net adds beat expectations, says Wells Fargo
After Verizon CEO Lowell McAdam said the company had 1.4M postpay net adds in Q2 and ''record'' postpay tablet sales, Wells Fargo noted that the net adds were higher than the firm's recently increased estimate and above Street consensus. The firm notes that the company's prior postpay tablet add record was 634K and that it expects Verizon to have industry-leading 4G smartphone handset gains in Q2. Wells maintains its Outperform rating on Verizon.
News For VZ From The Last 14 Days
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July 22, 2014
16:36 EDTVZOn The Fly: Closing Wrap
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12:29 EDTVZOn The Fly: Midday Wrap
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07:25 EDTVZVerizon down 1.4% after reporting Q2 results
06:37 EDTVZVerizon backs FY14 investments of $16.5B-$17B
Verizon continues to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline.
06:35 EDTVZVerizon reports Q2 adjusted EPS 91c, consensus 90c
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July 21, 2014
15:30 EDTVZNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
14:30 EDTVZEarnings Preview: Verizon CEO says 1.4M postpaid subscribers added in Q2
Verizon Communications (VZ) is expected to report second quarter earnings before the market open on Tuesday, July 22, with a conference call scheduled for 7:30 am ET. Verizon is a holding company providing communications, information and entertainment. EXPECTATIONS: Analysts are looking for EPS of 90c on revenue of $31.12B, according to First Call. The consensus range for EPS is 86c-93c on revenue of $30.84B-$31.35B. LAST QUARTER: Verizon reported first quarter adjusted EPS of 84c against estimates for 87c on revenue of $30.8B against estimates for $30.7B. For Q1, the company reported adding 549,000 net retail connections, including 539,000 net retail postpaid connections. It reported retail postpaid churn of 1.07%, 103.3M total retail connections, and 97.3M total retail postpaid connections. Consumer ARPU was up 11.3% year over year. It reported 98,000 FiOS Internet and 57,000 FiOS Video net additions in the quarter. Verizon said it continued to target consolidated top-line growth of 4% and adjusted consolidated EBITDA margin expansion in 2014, with positive contributions to profitable growth from both wireless and wireline. On July 10, during an interview on CNBC, CEO Lowell McAdam said the company added over 1.4M postpaid subscribers in Q2, with "record" tablet growth and "very strong" smartphone growth. McAdam added that Q2 churn was "very good" with margins consistent with the past several quarters. STREET RESEARCH: Street research has been mostly positive in the weeks leading up to Verizon's Q2 earnings report. On May 22, Verizon was initiated with an Outperform at Bernstein with a price target of $57. On July 1, Verizon was initiated with a Buy at BTIG and a price target of $60. On July 18, Oppenheimer added Verizon to its Triple Play list. The firm said its Triple Play stocks are rated Outperform, screen positively based on trends in earnings revisions, and have an attractive technical profile. PRICE ACTION: Verizon shares have gained approximately 10% following the company's Q1 report. However, over the past twelve months, they are up only about 1%. In afternoon trading ahead of Tuesday's Q2 report, Verizonís shares are flat.
12:56 EDTVZVerizon launches rewards program for wireless customers
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09:38 EDTVZActive equity options trading on open
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July 18, 2014
15:42 EDTVZVerizon July weekly volatility elevated into Q2
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08:38 EDTVZVerizon added to Triple Play list at Oppenheimer
Oppenheimer added Verizon (VZ) to its Triple Play list. The firm says its triple play stocks are rated Outperform, screen positively based on trends in earnings revisions and have an attractive technical profile. The firm removed Riverbed (RVBD) from the list after it downgraded that stock.
05:57 EDTVZLevel 3 says Verizon 'deliberately' causing Netflix congestion
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July 17, 2014
11:01 EDTVZVerizon Wireless, ControlTec announce partnership
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July 16, 2014
14:03 EDTVZNetflix submits FCC comments on proposed Net Neutrality rules
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13:05 EDTVZVerizon, Comcast, AT&T viwed as 'logical' Time Warner bidders, Bloomberg says
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12:42 EDTVZTime Warner said to see Verizon,Comcast, AT&T as logical bidders, Bloomberg says
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July 15, 2014
09:41 EDTVZU.S. Treasury Secretary Lew to visit Verizon
Treasury Secretary Lew delivers remarks on cybersecurity and highlights the important role of telecommunications companies in supporting the financial system, as well as touring Verizon's facilities in Ashburn, Virginia on July 15 at 3:15 pm.
08:03 EDTVZPublic speak out on FCC 'net-neutrality' plan, WSJ says
The Federal Communications Commission's has received more than 677K comments so far from the public on its proposed 'net-neutrality' rules for how broadband providers can treat content traveling over their networks and a random sampling of the input suggests that the agency will have work to do to sell the plan, according to The Wall Street Journal. Companies that provide broadband Internet service include Comcast (CMCSA), AT&T (T), Verizon (VZ) Time Warner Cable (TWC), and Cablevision (CVC). Netflix (NFLX) sends a great deal of content over the Internet and strongly supports net neutrality. Reference Link
July 11, 2014
16:46 EDTVZStocks end week lower on European, Fed concerns
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07:21 EDTVZVerizon Q2 postpaid net adds better than expected, says JPMorgan
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