VERIZON COMMUNICATIONS

VERIZON COMMUNICATIONS
World Rank (Sep-01-2021)
47
Market Cap (Sep-01-2021)
227.710 Billion USD
World Rank (Jan-01-2021)
30
Market Value (Jan-01-2021)
243.110 Billion USD
World Rank (Jan-2020)
27
Market Value (Jan 1st 2020)
252.489 Billion USD
World Rank (July-04-2020)
27
Market Cap (July-04-2020):
226.721 Billion USD
World Rank (Aug-22-2020):
26
Market Cap (Aug-22-2020)
244.104 Billion USD
Annual Revenue in USD
128,290 Million USD
Annual Results for Year Ending
Dec-2020
Annual Net Income in USD
17,800 Million USD
Stock Category
Dow Jones Index (DJIA)
S&P 500
Headquarters Region
New York
Headquarters Country
USA
Headquarters Continent
Americas
World Sub Region
Northern America
Rank in Country (Jan-2020)
Rank in USA in 2020 is 19
Rank in Country (Jan-2021)
Company Rank in USA in 2021 is 20
Company Business
Communication Services
Telecom
Fixed Line Service
Mobile Services
Internet Providers
Television Services
Media
Advertising
Utilities
Telecom Equipment
Number of Employees
135,400
Employee Count as on Date
As on 2020
CEO:
Hans Vestberg
Founded Year
1983
Stock Exchange
NYSE
Yahoo @ NYSE
Wikipedia
Twitter
Bloomberg
Company Website:
Verizon - Telecom - Wireless Network Provider
Business Sector:
Top Telecom Companies in USA
Top Media Companies in USA
Top Utilities Companies in USA
Top Telecom Companies in S&P 500
Top Utilities Companies in S&P 500
Annual Revenue
VERIZON COMMUNICATIONS Annual Revenues for December-2020 ending is 128.29 Billion USD
Annual Operating Income
28.79 Billion USD for Year ending December-2020
Annual Net Income
VERIZON COMMUNICATIONS Annual Net Income for December-2020 ending is 17.80 Billion USD
Total Current Assets
VERIZON COMMUNICATIONS Total Current Assets as on June-2020 is 37,333 Million USD
Total Assets
VERIZON COMMUNICATIONS Total Assets as on June-2020 is 293,259 Million USD
Total Current Liabilities
VERIZON COMMUNICATIONS Total Current Liabilities as on June-2020 is 38,886 Million USD
Total Liabilities
VERIZON COMMUNICATIONS Total Liabilities as on June-2020 is 229,146 Million USD
Total Equity
VERIZON COMMUNICATIONS Total Equity as on June-2020 is 62,697 Million USD
About Company Business:

Verizon Communications is Multi-National Telecommunications Service Providing Company. Verizon Provides Wireless Network Coverage to 98% of USA. Provided 2.5 Square Miles Network coverage in USA and spent 126 Billion USD as Network Investment.

Verizon Consumer Group has 94 million wireless retail connections as on December-2020 and 7 million broadband connections and 4 million Fios video connections.
Verizon Business Group has 27 million wireless retail postpaid connections as on December-2020 and approximately 482 thousand broadband connections.
For Year ending December-2020, Verizon Consumer Group Revenue was 88.5 billion USD and Verizon Business Group Revenue was 31 Billion USD.
Annual Results Summary:

Verizon Communications Inc - Annual Revenue and Net Profit - in Billion USD:

Annual Results Revenue Operating Income Net Income EPS (USD)
Dec-2020 128.29 28.79 17.80  
Dec-2019 131.87 30.47 19.26 4.66
Dec-2018 130.86 26.86 15.52 3.76
Dec-2017 126.03 29.18 30.10 7.37
Dec-2016 125.98   13.13 3.22
Dec-2015 131.62   17.88 4.39
Balance Sheet Summary

Verizon Communications Inc - Balance Sheet Summary - in Million USD:

Year Ending: Total Current Assets Total Assets Total Current Liabilities Total Liabilities Total Equity
Dec-2020 54,594 316,481 39,660 228,892 69,272
Dec-2019 37,473 291,727 44,868 228,892 61,395
Dec-2018 34,636 264,829 37,930 210,119 53,145
Dec-2017 29,913 257,143 33,037 212,456 43,096
Dec-2016 26,395 244,180 30,340 220,148 22,524
Quarterly Results Summary:

Verizon Communications Inc - Quarterly Revenue and Net Profit - in Billion USD:

Quarter - Ending Revenue Net Profit EPS (USD)
Sep-2021 32.91 6.41 1.55
Jun-2021 33.76 5.80 1.37
Mar-2021 32.86 5.24 1.31
Dec-2020 34.69 4.58 1.21
Sep-2020 31.54 4.35  1.25
Jun-2020 30.44 4.70  1.14
Mar-2020 31.61 4.15  1.00
Dec-2019 34.77 5.09  1.23
Sep-2019 32.89 5.19  1.26
Jun-2019 32.07 3.94  0.95
Mar-2019 32.13 5.03  1.22
Dec-2018 34.28 1.94  0.47
Sep-2018 32.61 4.92  1.19
Jun-2018 32.20 4.12  0.99
Institutional Investors

Top 25 Institution Investors in VERIZON COMMUNICATIONS as on June-30-2020

RANK

INVESTOR NAME

 SHARES HELD CHANGE (SHARES) CHANGE (%) VALUE (IN 1,000S)
1 VANGUARD GROUP INC 333,177,039 -5,345,767 -1.58% $19,737,408
2 BLACKROCK INC. 310,048,142 -1,637,683 -0.53% $18,367,252
3 STATE STREET CORP 167,706,459 3,587,910 2.19% $9,934,931
4 WELLINGTON MANAGEMENT GROUP LLP 66,401,158 -11,620,825 -14.89% $3,933,605
5 GEODE CAPITAL MANAGEMENT, LLC 63,460,579 -53,149 -0.08% $3,759,405
6 BANK OF AMERICA CORP /DE/ 63,367,259 -2,308,930 -3.52% $3,753,876
7 CAPITAL WORLD INVESTORS 61,514,201 6,970,076 12.78% $3,644,101
8 JPMORGAN CHASE & CO 58,192,035 8,095,432 16.16% $3,447,296
9 NORTHERN TRUST CORP 53,378,613 721,602 1.37% $3,162,149
10 NORGES BANK 45,202,140 546,461 1.22% $2,677,775
11 BANK OF NEW YORK MELLON CORP 41,576,844 256,321 0.62% $2,463,012
12 CAPITAL INTERNATIONAL INVESTORS 38,568,476 3,350,702 9.51% $2,284,797
13 MORGAN STANLEY 37,221,807 853,211 2.35% $2,205,020
14 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 36,317,442 391,277 1.09% $2,151,445
15 WELLS FARGO & COMPANY/MN 34,466,101 472,148 1.39% $2,041,772
16 FRANKLIN RESOURCES INC 34,437,153 7,775,339 29.16% $2,040,057
17 FMR LLC 28,707,921 -8,792,040 -23.45% $1,700,657
18 LEGAL & GENERAL GROUP PLC 27,530,261 752,324 2.81% $1,630,893
19 AMERIPRISE FINANCIAL INC 24,858,767 -6,988,966 -21.95% $1,472,633
20 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 24,816,734 1,180,393 4.99% $1,470,143
21 DIMENSIONAL FUND ADVISORS LP 24,357,411 2,637,828 12.15% $1,442,933
22 PRICE T ROWE ASSOCIATES INC /MD/ 23,251,146 -6,644,106 -22.23% $1,377,398
23 NUVEEN ASSET MANAGEMENT, LLC 23,104,559 -4,715,121 -16.95% $1,368,714
24 DEUTSCHE BANK AG\ 22,605,052 1,714,354 8.21% $1,339,123
25 ROYAL BANK OF CANADA 21,125,766 471,609 2.28% $1,251,490

Comments

Verizon rollsout 5G services in United States

Verizon rollsout 5G services in United States. It provides high speed internet which enhances continuous video streaming and real time gaming capabilities.

Apple launch of iPhone 12 model which is having 5G support capabilities coincides with Verizon rollout of 5G services.

It is good for Apple and Verizon in terms of business and revenue growth.

Thu, 15/10/2020 - 06:21

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