Verizon executive to speak on connectivity future

NEW YORK - Verizon Communications Inc. (NYSE, Nasdaq: VZ), a telecommunications giant with a market capitalization of $184 billion and a GOOD financial health score according to InvestingPro, has announced that Frank Boulben, the Chief Revenue Officer for its Consumer Group, will address the New Street Research and BCG Future of Connectivity Leaders Conference on Wednesday. His presentation, set for 8:30 a.m. ET, will be webcast, and instructions to access it can be found on Verizon’s Investor Relations website.

During the conference, Boulben plans to discuss the progress of Verizon’s mobile and broadband platforms, focusing on how the company is innovating to offer differentiated products in the marketplace. He will also talk about Verizon’s efforts to enhance its value proposition, improve the customer experience, and strengthen customer relationships. The company has demonstrated strong shareholder commitment, maintaining dividend payments for 42 consecutive years with a current yield of 6.16%.

Verizon is on track to meet its financial and operational targets for the full year of 2025. Currently trading at an attractive P/E ratio of 10.5, the company remains focused on three primary objectives: growing wireless service revenue, expanding adjusted EBITDA (which reached $48.8 billion in the last twelve months), and generating strong free cash flow. For 2025, Verizon’s expectations include total wireless service revenue growth of 2.0 to 2.8 percent, adjusted EBITDA growth of 2.0 to 3.5 percent, and adjusted EPS growth ranging from 0 to 3.0 percent. Additionally, the company anticipates cash flow from operations to be between $35.0 billion and $37.0 billion, with capital expenditures projected at $17.5 billion to $18.5 billion and free cash flow forecasted to be between $17.5 billion and $18.5 billion. InvestingPro analysis reveals 8 additional key insights about Verizon’s financial outlook and market position, available exclusively to subscribers.

These financial measures exclude certain items and are not calculated in accordance with generally accepted accounting principles (GAAP). Verizon has provided reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures on their website. For a comprehensive analysis of Verizon’s financial health and detailed valuation metrics, investors can access the full Pro Research Report on InvestingPro, which is part of the platform’s coverage of over 1,400 US stocks.

The press release also mentions a reclassification of recurring device protection and insurance-related plan revenues into wireless service revenue starting January 2025, which has retroactively added more than $2.9 billion to the 2024 annual revenues.

This news is based on a press release statement from Verizon Communications, Inc., which powers and empowers millions of customers’ lives, work, and play through its services. The company, headquartered in New York City and serving countries worldwide, reported revenues of $134.8 billion in 2024. For more information, Verizon encourages visiting its website or retail locations.

In other recent news, Verizon Communications Inc. announced plans to issue investment-grade corporate bonds to partially fund the redemption of approximately $1 billion in notes maturing next year. This move is part of Verizon’s broader strategy to manage its debt obligations effectively. In a separate development, Verizon disclosed a significant increase in the annual long-term incentive for its CEO, Hans Vestberg, from $18 million to $25 million for 2025, following recommendations from its Human Resources Committee. Additionally, Verizon has partnered with Banco Santander to introduce the Verizon + Openbank Savings account, offering customers a high-yield savings option with benefits on their Verizon bills.

Citi analysts have maintained a Buy rating for Verizon, with a price target of $49, despite a slower start in sales for 2025. They expect the company to sustain robust financial results, supported by recent pricing strategies and a lower device upgrade rate. Meanwhile, US Transportation Secretary Sean Duffy has urged Verizon to accelerate its upgrades to the FAA’s telecommunications network, warning that its $2.4 billion contract could be at risk. These developments highlight Verizon’s ongoing efforts to strengthen its financial position and expand its service offerings.

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