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Verizon (VZ) Launches Exclusive +Play Offers to Expand Userbase

Verizon Communications Inc. VZ recently unveiled an exclusive promotional offer through myPlan +play perk. This includes Netflix Premium Plan and Paramount+ offered together with SHOWTIME bundle for Verizon customers. This is the first time that two popular streaming platforms have been bundled together. The offer is available only for a limited time at $25.99. The +play credit perk plan, which costs $10 for $15 in +play credits, brings more saving options for users.

Verizon +play gives access to a wide range of subscriptions under a single platform that simplifies the process for end users and also grants them enhanced control and flexibility in selecting and paying for their preferred content. +Play features content partners from various domain spanning across sports, education, entertainment, lifestyle, gaming and more to cater to the content preferences of a diverse customer base.

With over 30 services currently available on the platform including Disney+, Hulu, ESPN+, discovery+ and the addition of new partners such as NFL+, NBA League Pass, Max, it will boost user engagement on the platform. Looking ahead, Verizon plans to bring aboard additional prominent content partners to expand its service offerings and expand its user base. The unique features and cost-cutting measures that comprise Verizon's customer-oriented strategy have the potential to foster +play's adoption among users and produce long-term benefits.

Verizon is witnessing significant 5G adoption and fixed wireless broadband momentum. The telecom giant plans to accelerate the availability of its 5G Ultra-Wideband network nationwide. The company’s growth strategy includes 5G mobility, nationwide broadband and mobile edge compute and business solutions. Verizon is building the entire network infrastructure and ecosystem to provide customers with the most amazing 5G experience. It continues to deploy Home Internet service in select cities, where users can experience a maximum download speed of up to 1 Gbps. The company offers the best LTE and 5G Ultra-Wideband facilities with On Site 5G — a transformative on-premises, private 5G network — for business enterprises. Verizon’s 5G mobility service offers an unmatched experience that impacts industries as diverse as public safety, health care, retail and sports.

The company holds more than 2,035 MHz of spectrum with the acquisition of C-band spectrum — 294 MHz in Sub 6 GHz spectrum (low and mid-band) and 1,741 MHz of mmWave spectrum (high band). The low-band spectrum (nationwide 700 MHz licenses and 850 MHz spectrum) continues to provide the best 4G LTE experience in the industry and supports nationwide 5G service, giving customers in more than 2,700 markets access to 5G. Verizon’s mmWave footprint delivers game-changing experiences for the densest parts of the network and offers highly-predictable signal waves leading to greater efficiency and less interference.

The stock has declined 32.5% in the past year compared with the industry’s fall of 23%.

Zacks Investment Research
Zacks Investment Research


Image Source: Zacks Investment Research

Verizon currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

InterDigital, Inc. IDCC, sporting a Zacks Rank #1, delivered an earnings surprise of 170.89%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 579.03%.

It is a pioneer in advanced mobile technologies that enables wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular and wireless 3G, 4G and IEEE 802-related products and networks.

Akamai Technologies, Inc. AKAM, carrying a Zacks Rank #2 (Buy), delivered an earnings surprise of 4.86%, on average, in the trailing four quarters. In the last reported quarter, it pulled off an earnings surprise of 6.06%.

It is a global provider of content delivery network (CDN) and cloud infrastructure services. The company’s solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, business applications, etc. Its offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers.

Meta Platforms Inc. META, sporting a Zacks Rank #1, delivered an earnings surprise of 15.46%, on average, in the trailing four quarters. Meta Platforms is the world’s largest social media platform. The company’s portfolio offering evolved from a single Facebook app to multiple apps like photo and video-sharing app Instagram and WhatsApp messaging app owing to acquisitions.

Meta is considered to have pioneered the concept of social networking, which is why it enjoys a first mover’s advantage in this market. As developed regions mature, Meta undertakes measures to drive penetration in emerging markets of South East Asia, Latin America and Africa.

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Verizon Communications Inc. (VZ) : Free Stock Analysis Report

Akamai Technologies, Inc. (AKAM) : Free Stock Analysis Report

InterDigital, Inc. (IDCC) : Free Stock Analysis Report

Meta Platforms, Inc. (META) : Free Stock Analysis Report

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