Verizon Network Outage Affects Over 180,000 Users in the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- Network Disruption: On Wednesday, Verizon experienced a network outage affecting over 180,000 users in the U.S., preventing calls and texts, which prompted alerts from New York City and Washington D.C. for residents to use other carriers for emergency calls.
- Surge in User Reports: According to Downdetector, the peak of reported issues reached over 180,000, although this number fell to around 93,000 an hour later, indicating a widespread service disruption that could undermine user trust in Verizon.
- FCC Investigation: The Chair of the Federal Communications Commission stated that the agency will review the incident and take appropriate action, highlighting regulatory scrutiny over carrier service quality, which may lead to stricter oversight in the future.
- Historical Outage Context: Verizon faced a nationwide wireless outage in late 2024 that impacted over 100,000 users, and this incident may prompt further examination of its network reliability and emergency response capabilities.
Analyst Views on VZ
Wall Street analysts forecast VZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VZ is 46.79 USD with a low forecast of 43.00 USD and a high forecast of 51.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
5 Buy
11 Hold
0 Sell
Moderate Buy
Current: 39.010
Low
43.00
Averages
46.79
High
51.00
Current: 39.010
Low
43.00
Averages
46.79
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
