Verizon Communications (NYSE:VZ) Expands Global IoT Reach With Singtel And Skylo Partnerships

Simply Wall St.
15小时前

Verizon Communications saw an 8.8% increase in its share price over the past month, possibly influenced by its intensified focus on expanding global IoT connectivity through partnerships with Singtel and Skylo, enhancing client access across 200 territories via its ThingSpace IoT management portal. Also of interest, the company collaborated with Lockheed Martin to integrate military-grade 5G solutions, showcasing Verizon's role in enhancing national defense capabilities. The release of initiatives like Open RAN testing with VIAVI Solutions, and cybersecurity enhancements through NetworkSecure, highlight Verizon's progressive innovation. Meanwhile, a stable quarterly dividend of 67.75 cents per share was declared, potentially reinforcing investor confidence. On a broader scale, the market environment was mixed, with major indices like the Dow Jones and S&P 500 experiencing fluctuations amid economic data and tariff discussions, which may have indirectly influenced Verizon's stock movement despite the market's overall lower trend of 3.1% for the week.

Navigate through the intricacies of Verizon Communications with our comprehensive report here.

NYSE:VZ Revenue & Expenses Breakdown as at Mar 2025

Over the past year, Verizon Communications achieved a total shareholder return of 13.42%, slightly underperforming the broader US Telecom industry, which saw a return of 26.3%. This period has seen Verizon enhancing its financial stability and investor appeal through strong dividend yields, maintaining quarterly dividends at US$0.6775 per share, demonstrating consistent returns to shareholders.

Moreover, Verizon's impressive earnings report in January 2025 highlighted a turnaround with a net income of US$17.51 billion, up from US$11.61 billion the previous year, supported by innovative advancements in 5G with partners like Lockheed Martin, which are instrumental in national defense. Additional financial improvements include a net profit margin increase from 8.7% to 13%, reflecting operational efficiency. The company's continuous expansion in 5G deployment and IoT solutions, as seen in partnerships with entities like Skylo and Singtel, contributed significantly to investor confidence and strategic positioning in competitive markets.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NYSE:VZ.

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