Stock Update: Verizon Communications Inc (NYSE:VZ) – Verizon Completes Network Function Virtualization OpenStack In Five Data Centers

[Benzinga] – Verizon Communications Inc. (NYSE: VZ ) revealed it completed OpenStack cloud deployment in five of its data centers in the United States. That was the industry’s biggest network function virtualization. … Read more on this. Verizon Communications Inc. (VZ) , with a current value of $206.98B, opened this morning at $50.53. Shares have traded today between $50.28 and $50.82 per share and has traded between $38.06 and $54.49 over the past year. Verizon (VZ) shares are currently priced at 12.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 4.26x earnings multiple for the same period. The company pays shareholders $2.26 per share annually in dividends, yielding 4.47%. In a review of the consensus earnings estimate this quarter, 27 sell-side analysts are looking at $0.99 per share, which would be $0.05 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $3.96, which would be a $0.03 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $31.45 Billion. If realized, that would be a 2.39% decrease over the year-ago quarter. More recently, Bernstein downgraded VZ from Outperform to Mkt Perform (Apr 7, 2016). Previously, Jefferies downgraded VZ from Buy to Hold. Given all the information above, we should disclose to readers that the average price target is $52.00, which is 2.91% above than it opened this morning. See more in (NYSE:VZ) Similar Articles: Market Update: Verizon Communications Inc (NYSE:VZ) – $70 million network investment has the Verizon Wireless network ready to serve fans at most connected Super Bowl ever Stock Update (NYSE:VZ): Will Verizon (VZ) Stock Be Helped by Data Centers Sale? Market Update: Verizon Communications Inc (NYSE:VZ) – Verizon Communications (VZ) Stock Rises in Pre-Market Trading on New Network Offer