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- Annual Income: $19.3 Billion
- Number of Employees: approximately 229,500
- Ticker Symbol: VZ (look up another symbol)
- Stock Exchange: NYSE
- Market Information
- Verizon Communications
online documents
I believe that the company
needs to stay aware of its financial situation. They have, for
the past five years seen a steady decline in their stocks.
Around June of
2002, they saw a drastic decline, but in August of 2002, they came back
up to where they were before. The past week, however, has been
witness to a steady rise in stock prices. But over all the
direction, with the exception of a few sporadic weeks, has been in a depression.
This doesn't make a lot of sense, because every year they get more and
more customers, and the revenue of the company stay right around $67
billion. This year they made a 1.7% increase in revenue from
2002. Also, they make almost a 5-7% increase in revenue every
year. They have more than 30 million residential, 10.4
million long distance, 32.5 million wireless, and 1.8 million DSL
customers, all of these numbers are up to 11% greater than last year.
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