The company didn't give any financial expectations for the fourth quarter during its third-quarter conference call.
Verizon has two main segments. Its wireline component provides voice, Internet, and video services to customers in the U.S. and around the world. And its Verizon Wireless unit, a partnership with Vodafone
Verizon Wireless is the largest domestic mobile carrier and has a large lead over its nearest rival, AT&T
With the release of Apple's
Verizon's wireline services took a hit in the third quarter from storms and labor problems that put the company behind in its deployment of more FiOS installations. The company has put a high priority on transitioning away from its legacy copper cabling to its FiOS fiber optic delivery system. As it continues with more FiOS penetration, Verizon expects its wireline financial performance to improve. This will be an area to check out carefully when the earnings come out.
I think Verizon is in the best position of all the domestic carriers. With its late 2012 agreement to buy a large cache of wireless spectrum from a consortium of cable companies, it has further widened its spectrum gap with AT&T. And its large 4G LTE footprint can only be a big plus in our greater LTE-conscious environment.
With the advantages this company has over its competitors, and because of its investor-attracting dividend, I think the future belongs to Verizon. I am giving it an outperform on CAPS.
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