Verizon is in a real sweet spot and continues to sell more devices and add on new customers to boot to getting more revenue out of existing clients due to bandwidth pricing. A nice business model to have. The market has taken notice and the stock is up over 11% in the last month as this hourly trading chart provided by Barchart illustrates:
Verizon Communications Inc. provides communications, information and entertainment products and services to consumers, businesses and governmental agencies worldwide. It operates in two segments, Verizon Wireless and Wireline.
The Verizon Wireless segment offers data services and applications comprising Internet access through smart phones and basic phones; mobile broadband services; messaging services, which enable its clients to send and receive text, picture and video messages; customer-focused and business-focused offerings; location-based services; and global data services, as so then as access to data applications and services of third parties. It as well provides voice services; other connection-related services, just as data access and value added services to support telemetry-type applications; and M2M services that support devices used in healthcare, manufacturing, utilities, distribution and consumer products markets. Just in case, this segment sells smart phones and basic phones, tablets and other Internet access devices.
The Wireline segment offers video services over its fiber-optic network; data services comprising high-speed Internet and FiOS broadband data products, as then as local exchange capacity, managed, mobility and security services; voice services, just as local exchange, regional, long distance, wire maintenance and voice messaging services, as so then as VoIP (Voice over Internet Protocol), and landline and wireless services; and local dial tone and broadband services to local exchange carriers. This segment as well provides networking products and solutions, just as private Internet protocol services, and ethernet access and ring services; and infrastructure and cloud services.
As of April 30, 2012, it served 93 million retail clients. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.
Summary: Verizon should continue to please both growth and income investors. With sales of devices, additional new clients and revenue per customer up this stock has everything, As always nothing is forever so monitor the 100 day moving averages and the lower of the 14 day turtle chart to gauge the market support:
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