Company Of The Day: Verizon

+8.84%
Upside
50.96
Market
55.47
Trefis
VZ: Verizon logo
VZ
Verizon

What?

The U.S. Department of Defence has selected Verizon (NYSE:VZ) to manage a wide area network connecting its crucial R&D labs and High-Performance Computing (HPC) locations.

So What?

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Although the deal is valued at just about $495 million, or less than 0.5% of Verizon’s annual revenues, it is nevertheless positive for Verizon’s enterprise business, given the sensitive and mission-critical nature of the project.

See Our Complete Analysis For Verizon

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