Company Of The Day: Verizon

VZ: Verizon logo


Last week, Verizon (NYSE:VZ) announced plans to divest its Yahoo and AOL digital media businesses, as it looks to focus on its core wireless business. The assets will be sold to Apollo Global Management for about $5 billion.


Relevant Articles
  1. Where Is Verizon Stock Headed Post A Tough Q2?
  2. Will Verizon Stock Trend Higher Following Its Q2 Earnings?
  3. How Are 5G Technology Stocks Faring?
  4. What’s Happening With Verizon Stock?
  5. Verizon Posts A Tough Q1. What Next?
  6. Will Verizon’s Q1 Results Boost Its Undervalued Stock?

Verizon’s media and advertising businesses have faced challenges scaling up amid competition from Internet behemoths such as Facebook and Alphabet. Verizon has taken write-downs of over $4 billion in its media arm over the last few years.

So What?

The move will allow Verizon to free up resources to focus on expanding its 5G network. In March, Verizon emerged as the biggest winner of the C-band spectrum auction, agreeing to pay over $50 billion for 5G airwaves.

See Our Complete Analysis For Verizon

Looking for a balanced portfolio to invest in? Here’s a high-quality portfolio to beat the market, with over 150% return since 2016, versus 85% for the S&P 500. Comprised of companies with strong revenue growth, healthy profits, lots of cash, and low risk, it has outperformed the broader market year after year, consistently.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams