Verizon expands satellite texting for select Android devices, enabling communication beyond cellular networks.
Quiver AI Summary
Verizon has announced an expansion of its satellite texting capabilities, making it the first company in the US to allow customers to send text messages via satellite when outside of terrestrial cellular coverage. This service is available on select Android devices, including the Samsung Galaxy S25 and Google Pixel 9 smartphones, with upgrades beginning today and continuing over the next two weeks. Joe Russo, EVP & President of Global Network and Technology, emphasized Verizon's commitment to keeping customers connected wherever they are. The company is pushing the integration of satellite and terrestrial technologies and plans further innovations, including data services and video calling over satellite. Verizon also utilizes satellite technology for emergency services and IoT applications across various industries.
Potential Positives
- Verizon is the first U.S. company to enable satellite text messaging for customers, expanding connectivity options for users in areas without cellular coverage.
- The expansion emphasizes Verizon's commitment to innovation and customer satisfaction, showcasing its efforts in integrating satellite technology with existing services.
- The announcement aligns with Verizon’s strategic focus on enhancing its network capabilities, including using satellite technology for emergency services and IoT applications.
Potential Negatives
- Significant reliance on select devices (Samsung Galaxy S25 and Google Pixel 9) may limit accessibility for a portion of the customer base who do not have these models, potentially alienating some users.
- The announcement could invite scrutiny regarding the reliability and effectiveness of satellite messaging capabilities, particularly in emergency situations where they may be critical.
- There is no mention of competitors' advancements or similar services, which may raise concerns about Verizon's market position and differentiation in a competitive landscape.
FAQ
What new feature did Verizon announce on March 19, 2025?
Verizon announced an expansion of satellite texting capabilities for select Android devices.
Which devices support Verizon's new satellite texting feature?
The feature is available on select Samsung Galaxy S25 and Google Pixel 9 smartphones.
How does Verizon's satellite texting work?
Customers can send text messages via satellite when outside the reach of terrestrial cellular networks.
What is Verizon's commitment to its customers?
The company aims to keep customers connected wherever they are through innovative technology.
How does Verizon utilize satellite technology besides messaging?
Verizon uses satellite tech for emergency services, temporary backhaul for new cell sites, and IoT capabilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VZ Congressional Stock Trading
Members of Congress have traded $VZ stock 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $VZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 01/15.
- REPRESENTATIVE EMILY RANDALL sold up to $15,000 on 01/06.
- SENATOR SHELDON WHITEHOUSE has traded it 2 times. They made 0 purchases and 2 sales worth up to $30,000 on 10/29.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$VZ Insider Trading Activity
$VZ insiders have traded $VZ stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $VZ stock by insiders over the last 6 months:
- KYLE MALADY (EVP and Group CEO-VZ Business) has made 0 purchases and 5 sales selling 65,675 shares for an estimated $2,654,457.
- VANDANA VENKATESH (EVP-PubPol&ChiefLegalOfficer) has made 0 purchases and 2 sales selling 10,000 shares for an estimated $437,938.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VZ Hedge Fund Activity
We have seen 1,242 institutional investors add shares of $VZ stock to their portfolio, and 1,634 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GQG PARTNERS LLC removed 12,391,586 shares (-50.1%) from their portfolio in Q4 2024, for an estimated $495,539,524
- MORGAN STANLEY removed 10,038,212 shares (-12.9%) from their portfolio in Q4 2024, for an estimated $401,428,097
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 9,485,571 shares (-45.7%) from their portfolio in Q4 2024, for an estimated $379,327,984
- LEGAL & GENERAL GROUP PLC removed 9,454,780 shares (-25.7%) from their portfolio in Q4 2024, for an estimated $378,096,652
- ALYESKA INVESTMENT GROUP, L.P. added 8,695,736 shares (+3601.6%) to their portfolio in Q4 2024, for an estimated $347,742,482
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 7,421,148 shares (+7.3%) to their portfolio in Q4 2024, for an estimated $296,771,708
- CAPITAL RESEARCH GLOBAL INVESTORS added 6,846,514 shares (+52.7%) to their portfolio in Q4 2024, for an estimated $273,792,094
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$VZ Analyst Ratings
Wall Street analysts have issued reports on $VZ in the last several months. We have seen 3 firms issue buy ratings on the stock, and 3 firms issue sell ratings.
Here are some recent analyst ratings:
- Tigress Financial issued a "Underperform" rating on 10/23/2024
- Cowen & Co. issued a "Buy" rating on 10/23/2024
- Goldman Sachs issued a "Buy" rating on 10/22/2024
- Scotiabank issued a "Underperform" rating on 10/18/2024
- Citigroup issued a "Underperform" rating on 10/14/2024
- Raymond James issued a "Outperform" rating on 09/24/2024
To track analyst ratings and price targets for $VZ, check out Quiver Quantitative's $VZ forecast page.
$VZ Price Targets
Multiple analysts have issued price targets for $VZ recently. We have seen 6 analysts offer price targets for $VZ in the last 6 months, with a median target of $47.5.
Here are some recent targets:
- John Hodulik from UBS set a target price of $44.0 on 10/23/2024
- Gregory Williams from Williams Trading set a target price of $51.0 on 10/23/2024
- Maher Yaghi from Scotiabank set a target price of $47.0 on 10/23/2024
- James Schneider from Goldman Sachs set a target price of $52.0 on 10/22/2024
- Frank Louthan from Raymond James set a target price of $48.0 on 09/24/2024
- Jonathan Atkin from RBC Capital set a target price of $46.0 on 09/23/2024
Full Release
NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Verizon today announced a significant expansion of its satellite texting capabilities, enabling its customers to become the first in the US to send text messages to any other customer device via satellite when outside the reach of terrestrial cellular networks using select Android devices from the series of Samsung Galaxy S25 and Google Pixel 9 smartphones. Upgrades enabling this service start today and will continue over the next two weeks.
"We are committed to powering the lives of our customers. Verizon’s network is America’s largest and already covers 99% of the places where people live, work and play. This expansion of satellite texting capabilities is a testament to our commitment to ensure customers stay connected wherever they are," said Joe Russo, EVP & President, Global Network and Technology. “We know our customers expect more and we continue to innovate for them.”
Verizon continues to push the boundaries of satellite and terrestrial telecommunications convergence. Satellites are no longer reserved for the extraordinary—they are woven into the everyday, and are being used to help connect and power customers’ lives. Verizon's strategic approach to satellite integration extends beyond basic satellite-to-cellular messaging. This announcement comes on the heels of Verizon’s recent work testing
data services and video calling via satellite connectivity
. The company also utilizes satellite technology for various purposes, including providing reliable service in emergency situations through satellite-linked portable assets, using satellite connections as temporary backhaul for new cell sites, and providing
satellite IoT capabilities
for various industries.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit
verizon.com
or find a retail location at
verizon.com/stores.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at
verizon.com/news
. News releases are also available through an RSS feed. To subscribe, visit
www.verizon.com/about/rss-feeds/
.
MEDIA CONTACT:
Karen Schulz
864.561.1527
Karen.schulz@verizonwireless.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
